VK TEAM: 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 TEAM
Largest movements
- Tangible fixed assets +€21,964
up €21,964 (+112.6%), from €19,500 to €41,464
- Financial fixed assets +€9,000
new in 2025: €9,000
- Cash -€1,916
down €1,916 (-96.6%), from €1,983 to €67
mainly Investment in fixed assets (net) (-€42,470) and Trade debts (-€30,147)
- Receivables within one year +€1,414
up €1,414 (+6.8%), from €20,653 to €22,067
- Debts after one year +€30,702
new in 2025: €30,702
- Trade debts -€30,147
down €30,147 (-98.9%), from €30,473 to €326
- Current portion of long-term debt +€16,040
new in 2025: €16,040
- Profit (loss) carried forward +€12,856
up €12,856 (+171.8%), from €7,482 to €20,339
- Other debts +€2,625
up €2,625 (+229.9%), from €1,142 to €3,767
- Gross operating margin +€11,759
up €11,759 (+76.5%), from €15,370 to €27,128
- Depreciation +€4,005
up €4,005 (+53.4%), from €7,500 to €11,505
- Financial charges +€1,992
new in 2025: €1,992
- Other operating charges +€388
up €388 (+100.0%), from €387 to €775
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 | €42,135 | €72,598 | +€30,463 | +72.3% |
| Fixed assets | 21/28 | €19,500 | €50,464 | +€30,964 | +158.8% |
| Tangible fixed assets | 22/27 | €19,500 | €41,464 | +€21,964 | +112.6% |
| Furniture and vehicles | 24 | €19,500 | €41,464 | +€21,964 | +112.6% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €22,635 | €22,134 | -€502 | -2.2% |
| Amounts receivable within one year | 40/41 | €20,653 | €22,067 | +€1,414 | +6.8% |
| Trade receivables | 40 | €20,653 | €22,067 | +€1,414 | +6.8% |
| Cash at bank and in hand | 54/58 | €1,983 | €67 | -€1,916 | -96.6% |
| Total equity and liabilities | 10/49 | €42,135 | €72,598 | +€30,463 | +72.3% |
| Equity | 10/15 | €7,482 | €20,339 | +€12,856 | +171.8% |
| Contributions | 10/11 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €7,482 | €20,339 | +€12,856 | +171.8% |
| Amounts payable | 17/49 | €34,653 | €52,259 | +€17,606 | +50.8% |
| Amounts payable after more than one year | 17 | - | €30,702 | +€30,702 | |
| Financial debts | 170/4 | - | €30,702 | +€30,702 | |
| Amounts payable within one year | 42/48 | €34,653 | €21,557 | -€13,096 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | - | €16,040 | +€16,040 | |
| Trade debts | 44 | €30,473 | €326 | -€30,147 | -98.9% |
| Suppliers | 440/4 | €30,473 | €326 | -€30,147 | -98.9% |
| Taxes, remuneration and social security | 45 | €3,038 | €1,424 | -€1,614 | -53.1% |
| Taxes | 450/3 | €3,038 | €1,424 | -€1,614 | -53.1% |
| Other amounts payable | 47/48 | €1,142 | €3,767 | +€2,625 | +229.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €11,505 | +€4,005 | +53.4% |
| Other operating charges | 640/8 | €387 | €775 | +€388 | +100.0% |
| Gross operating margin | 9900 | €15,370 | €27,128 | +€11,759 | +76.5% |
| Operating profit (loss) | 9901 | €7,482 | €14,848 | +€7,366 | +98.4% |
| Financial charges | 65/66B | - | €1,992 | +€1,992 | |
| Recurring financial charges | 65 | - | €1,992 | +€1,992 | |
| Profit (loss) for the period before taxes | 9903 | €7,482 | €12,856 | +€5,374 | +71.8% |
| Profit (loss) for the period | 9904 | €7,482 | €12,856 | +€5,374 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,482 | €12,856 | +€5,374 | +71.8% |
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 6 October 2026 via checked.be.