VK LAW: what changed
Two financial 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 LAW
Largest movements
- Receivables within one year +€10,715
up €10,715 (+75.4%), from €14,216 to €24,931
of which Other amounts receivable: +€11,894
- Cash -€3,206
down €3,206 (-31.8%), from €10,074 to €6,869
mainly Receivables within one year (-€10,715) and Investment in fixed assets (net) (-€1,240)
- Tangible fixed assets +€1,122
up €1,122, from €0 to €1,122
of which Furniture and vehicles: +€1,122
- Profit (loss) carried forward +€5,508
up €5,508 (+32.6%), from €16,880 to €22,388
- Tax, wage and social debts +€1,896
up €1,896 (+33.4%), from €5,682 to €7,578
of which Taxes: +€1,896
- Trade debts +€787
up €787 (+44.3%), from €1,774 to €2,561
- Advances received +€605
up €605, from €0 to €605
- Purchases and services -€4,790
down €4,790 (-5.7%), from €83,365 to €78,575
- Turnover -€3,100
down €3,100 (-3.3%), from €93,262 to €90,162
- Other operating charges +€2,120
up €2,120 (+41.9%), from €5,063 to €7,183
- Gross operating margin +€2,070
up €2,070 (+17.0%), from €12,197 to €14,267
- Financial income -€1,664
down €1,664 (-68.5%), from €2,428 to €764
of which Non-recurring financial income: -€2,000
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.
Derived cash bridge
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 | €27,337 | €36,132 | +€8,795 | +32.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €1,122 | +€1,122 | |
| Tangible fixed assets | 22/27 | €0 | €1,122 | +€1,122 | |
| Furniture and vehicles | 24 | - | €1,122 | +€1,122 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €27,337 | €35,010 | +€7,673 | +28.1% |
| Amounts receivable within one year | 40/41 | €14,216 | €24,931 | +€10,715 | +75.4% |
| Trade receivables | 40 | €6,066 | €4,887 | -€1,179 | -19.4% |
| Other amounts receivable | 41 | €8,150 | €20,044 | +€11,894 | +146% |
| Cash at bank and in hand | 54/58 | €10,074 | €6,869 | -€3,206 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,046 | €3,210 | +€164 | +5.4% |
| Total equity and liabilities | 10/49 | €27,337 | €36,132 | +€8,795 | +32.2% |
| Equity | 10/15 | €19,880 | €25,388 | +€5,508 | +27.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,880 | €22,388 | +€5,508 | +32.6% |
| Amounts payable | 17/49 | €7,457 | €10,744 | +€3,288 | +44.1% |
| Amounts payable within one year | 42/48 | €7,457 | €10,744 | +€3,288 | +44.1% |
| Trade debts | 44 | €1,774 | €2,561 | +€787 | +44.3% |
| Suppliers | 440/4 | €1,774 | €2,561 | +€787 | +44.3% |
| Advances received on contracts in progress | 46 | €0 | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €5,682 | €7,578 | +€1,896 | +33.4% |
| Taxes | 450/3 | €5,682 | €7,578 | +€1,896 | +33.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €93,262 | €90,162 | -€3,100 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,365 | €78,575 | -€4,790 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €118 | +€118 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,500 | -€246 | +€1,254 | +83.6% |
| Other operating charges | 640/8 | €5,063 | €7,183 | +€2,120 | +41.9% |
| Gross operating margin | 9900 | €12,197 | €14,267 | +€2,070 | +17.0% |
| Operating profit (loss) | 9901 | €8,635 | €7,213 | -€1,422 | -16.5% |
| Financial income | 75/76B | €2,428 | €764 | -€1,664 | -68.5% |
| Recurring financial income | 75 | €428 | €764 | +€336 | +78.4% |
| Non-recurring financial income | 76B | €2,000 | - | -€2,000 | |
| Financial charges | 65/66B | €81 | €150 | +€69 | +85.6% |
| Recurring financial charges | 65 | €81 | €150 | +€69 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €10,982 | €7,827 | -€3,155 | -28.7% |
| Income taxes | 67/77 | €2,747 | €2,319 | -€428 | -15.6% |
| Profit (loss) for the period | 9904 | €8,235 | €5,508 | -€2,727 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,235 | €5,508 | -€2,727 | -33.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.