VKCO: 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.
VKCO
Largest movements
- Deferred charges and accrued income +€6,892
up €6,892 (+105.2%), from €6,552 to €13,444
- Receivables within one year -€6,159
down €6,159 (-70.9%), from €8,693 to €2,534
of which Trade receivables: -€7,279
- Tangible fixed assets +€4,739
up €4,739 (+160.5%), from €2,951 to €7,690
of which Other tangible fixed assets: +€4,128
- Cash -€2,751
down €2,751 (-7.0%), from €39,478 to €36,727
mainly Net result for the year (-€38,720) and Tax, wage and social debts (-€8,435)
- Intangible fixed assets +€1,739
new in 2025: €1,739
- Other debts +€41,438
new in 2025: €41,438
- Profit (loss) carried forward -€38,720
new in 2025: -€38,720
- Trade debts +€10,126
up €10,126 (+48.3%), from €20,979 to €31,105
- Tax, wage and social debts -€8,435
down €8,435 (-58.0%), from €14,553 to €6,117
of which Taxes: -€9,447
- Financial charges +€51,076
up €51,076 (+195842.8%), from €26 to €51,102
- Staff costs +€31,933
up €31,933 (+74.6%), from €42,796 to €74,729
- Gross operating margin +€24,894
up €24,894 (+34.5%), from €72,114 to €97,008
- Taxes -€6,841
down €6,841 (-82.7%), from €8,273 to €1,432
- Other operating charges +€5,493
up €5,493 (+241.6%), from €2,274 to €7,767
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 | €57,875 | €62,284 | +€4,409 | +7.6% |
| Formation expenses | 20 | €50 | - | -€50 | |
| Fixed assets | 21/28 | €3,101 | €9,579 | +€6,478 | +208.9% |
| Intangible fixed assets | 21 | - | €1,739 | +€1,739 | |
| Tangible fixed assets | 22/27 | €2,951 | €7,690 | +€4,739 | +160.5% |
| Plant, machinery and equipment | 23 | - | €1,220 | +€1,220 | |
| Furniture and vehicles | 24 | €2,951 | €2,342 | -€610 | -20.7% |
| Other tangible fixed assets | 26 | - | €4,128 | +€4,128 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €54,724 | €52,705 | -€2,019 | -3.7% |
| Amounts receivable within one year | 40/41 | €8,693 | €2,534 | -€6,159 | -70.9% |
| Trade receivables | 40 | €7,279 | - | -€7,279 | |
| Other amounts receivable | 41 | €1,415 | €2,534 | +€1,119 | +79.1% |
| Cash at bank and in hand | 54/58 | €39,478 | €36,727 | -€2,751 | -7.0% |
| Deferred charges and accrued income | 490/1 | €6,552 | €13,444 | +€6,892 | +105.2% |
| Total equity and liabilities | 10/49 | €57,875 | €62,284 | +€4,409 | +7.6% |
| Equity | 10/15 | €22,343 | -€16,377 | -€38,720 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,343 | €17,343 | = | 0.0% |
| Distributable reserves | 133 | €17,343 | €17,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€38,720 | -€38,720 | |
| Amounts payable | 17/49 | €35,532 | €78,661 | +€43,129 | +121.4% |
| Amounts payable within one year | 42/48 | €35,532 | €78,661 | +€43,129 | +121.4% |
| Trade debts | 44 | €20,979 | €31,105 | +€10,126 | +48.3% |
| Suppliers | 440/4 | €20,979 | €31,105 | +€10,126 | +48.3% |
| Taxes, remuneration and social security | 45 | €14,553 | €6,117 | -€8,435 | -58.0% |
| Taxes | 450/3 | €10,879 | €1,432 | -€9,447 | -86.8% |
| Remuneration and social security | 454/9 | €3,674 | €4,686 | +€1,012 | +27.5% |
| Other amounts payable | 47/48 | - | €41,438 | +€41,438 | |
| Remuneration, social security and pensions | 62 | €42,796 | €74,729 | +€31,933 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €1,177 | -€224 | -16.0% |
| Other operating charges | 640/8 | €2,274 | €7,767 | +€5,493 | +241.6% |
| Gross operating margin | 9900 | €72,114 | €97,008 | +€24,894 | +34.5% |
| Operating profit (loss) | 9901 | €25,642 | €13,334 | -€12,308 | -48.0% |
| Financial income | 75/76B | €0 | €479 | +€479 | +4791700.0% |
| Recurring financial income | 75 | €0 | €479 | +€479 | +4791700.0% |
| Financial charges | 65/66B | €26 | €51,102 | +€51,076 | +195842.8% |
| Recurring financial charges | 65 | €26 | €51,102 | +€51,076 | +195842.8% |
| Profit (loss) for the period before taxes | 9903 | €25,616 | -€37,288 | -€62,905 | |
| Income taxes | 67/77 | €8,273 | €1,432 | -€6,841 | -82.7% |
| Profit (loss) for the period | 9904 | €17,343 | -€38,720 | -€56,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,343 | -€38,720 | -€56,063 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.