VK Global: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VK Global
Largest movements
- Financial fixed assets -€4.4m
down €4.4m (-31.4%), from €14.1m to €9.6m
- Cash -€2.2m
down €2.2m (-68.1%), from €3.2m to €1.0m
mainly Contributions, distributions and other (-€8.5m)
- Contributions -€5.7m
down €5.7m (-49.0%), from €11.6m to €5.9m
of which Capital: -€4.7m
- Profit (loss) carried forward -€880,545
down €880,545 (-16.3%), from €5.4m to €4.5m
- Financial income +€1.8m
up €1.8m (+2667.3%), from €67,907 to €1.9m
of which Non-recurring financial income: +€1.8m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,284,176 | €10,674,741 | -€6.6m | -38.2% |
| Fixed assets | 21/28 | €14,068,151 | €9,649,728 | -€4.4m | -31.4% |
| Financial fixed assets | 28 | €14,068,151 | €9,649,728 | -€4.4m | -31.4% |
| Affiliated companies | 280/1 | €14,068,151 | €9,649,728 | -€4.4m | -31.4% |
| Participating interests | 280 | €14,068,151 | €9,649,728 | -€4.4m | -31.4% |
| Current assets | 29/58 | €3,216,026 | €1,025,013 | -€2.2m | -68.1% |
| Amounts receivable within one year | 40/41 | €19,378 | €5,634 | -€13,744 | -70.9% |
| Trade receivables | 40 | - | €5,593 | +€5,593 | |
| Other amounts receivable | 41 | €19,378 | €41 | -€19,337 | -99.8% |
| Cash at bank and in hand | 54/58 | €3,189,303 | €1,017,690 | -€2.2m | -68.1% |
| Deferred charges and accrued income | 490/1 | €7,345 | €1,689 | -€5,656 | -77.0% |
| Total equity and liabilities | 10/49 | €17,284,176 | €10,674,741 | -€6.6m | -38.2% |
| Equity | 10/15 | €17,258,634 | €10,667,548 | -€6.6m | -38.2% |
| Contributions | 10/11 | €11,568,300 | €5,904,106 | -€5.7m | -49.0% |
| Capital | 10 | €9,700,000 | €4,950,583 | -€4.7m | -49.0% |
| Issued capital | 100 | €9,700,000 | €4,950,583 | -€4.7m | -49.0% |
| Outside capital | 11 | €1,868,300 | €953,523 | -€914,777 | -49.0% |
| Other | 1109/19 | €1,868,300 | €953,523 | -€914,777 | -49.0% |
| Reserves | 13 | €284,521 | €238,174 | -€46,347 | -16.3% |
| Non-distributable reserves | 130/1 | €284,521 | €238,174 | -€46,347 | -16.3% |
| Legal reserve | 130 | €284,521 | €238,174 | -€46,347 | -16.3% |
| Profit (loss) carried forward | 14 | €5,405,813 | €4,525,268 | -€880,545 | -16.3% |
| Amounts payable | 17/49 | €25,542 | €7,192 | -€18,350 | -71.8% |
| Amounts payable within one year | 42/48 | €25,542 | €7,192 | -€18,350 | -71.8% |
| Trade debts | 44 | €16,129 | €6,748 | -€9,381 | -58.2% |
| Suppliers | 440/4 | €16,129 | €6,748 | -€9,381 | -58.2% |
| Taxes, remuneration and social security | 45 | €9,413 | €444 | -€8,969 | -95.3% |
| Taxes | 450/3 | €9,413 | €444 | -€8,969 | -95.3% |
| Operating charges | 60/66A | €29,819 | €6,878 | -€22,940 | -76.9% |
| Services and other goods | 61 | €28,711 | €5,730 | -€22,981 | -80.0% |
| Other operating charges | 640/8 | €1,108 | €1,148 | +€40 | +3.7% |
| Operating profit (loss) | 9901 | -€29,819 | -€6,878 | +€22,940 | +76.9% |
| Financial income | 75/76B | €67,907 | €1,879,202 | +€1.8m | +2667.3% |
| Recurring financial income | 75 | €67,907 | €57,268 | -€10,639 | -15.7% |
| Income from current assets | 751 | €67,907 | €57,268 | -€10,639 | -15.7% |
| Non-recurring financial income | 76B | - | €1,821,933 | +€1.8m | |
| Financial charges | 65/66B | €461 | €615 | +€154 | +33.5% |
| Recurring financial charges | 65 | €461 | €615 | +€154 | +33.5% |
| Other financial charges | 652/9 | €461 | €615 | +€154 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €37,628 | €1,871,708 | +€1.8m | +4874.3% |
| Income taxes | 67/77 | €9,389 | €12,438 | +€3,049 | +32.5% |
| Taxes | 670/3 | €9,413 | €12,444 | +€3,031 | +32.2% |
| Tax adjustments and reversals of tax provisions | 77 | €24 | €6 | -€18 | -75.0% |
| Profit (loss) for the period | 9904 | €28,239 | €1,859,271 | +€1.8m | +6484.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,239 | €1,859,271 | +€1.8m | +6484.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.