VKFIN: 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.
VKFIN
Largest movements
- Cash +€17,659
up €17,659 (+147%), from €11,974 to €29,633
mainly Receivables within one year (+€14,544) and Net result for the year (+€7,206)
- Receivables within one year -€14,544
down €14,544 (-96.2%), from €15,111 to €567
of which Trade receivables: -€11,344
- Tangible fixed assets -€1,200
down €1,200 (-18.2%), from €6,588 to €5,388
of which Furniture and vehicles: -€622
- Trade debts +€880
up €880 (+44.0%), from €1,998 to €2,878
- Accrued charges and deferred income +€711
up €711 (+1,823%), from €39 to €750
- Tax, wage and social debts +€710
up €710 (+7.8%), from €9,136 to €9,846
- Profit (loss) carried forward -€544
down €544 (-13.6%), from €3,987 to €3,443
- Gross operating margin -€7,973
down €7,973 (-36.2%), from €21,999 to €14,026
- Taxes -€1,956
down €1,956 (-41.7%), from €4,692 to €2,736
- Financial charges -€249
down €249 (-12.5%), from €1,988 to €1,739
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 | €35,620 | €37,535 | +€1,915 | +5.4% |
| Fixed assets | 21/28 | €6,838 | €5,638 | -€1,200 | -17.5% |
| Tangible fixed assets | 22/27 | €6,588 | €5,388 | -€1,200 | -18.2% |
| Furniture and vehicles | 24 | €1,927 | €1,305 | -€622 | -32.3% |
| Other tangible fixed assets | 26 | €4,661 | €4,083 | -€578 | -12.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €28,782 | €31,897 | +€3,115 | +10.8% |
| Amounts receivable within one year | 40/41 | €15,111 | €567 | -€14,544 | -96.2% |
| Trade receivables | 40 | €11,344 | - | -€11,344 | |
| Other amounts receivable | 41 | €3,767 | €567 | -€3,200 | -84.9% |
| Cash at bank and in hand | 54/58 | €11,974 | €29,633 | +€17,659 | +147% |
| Deferred charges and accrued income | 490/1 | €1,697 | €1,697 | = | 0.0% |
| Total equity and liabilities | 10/49 | €35,620 | €37,535 | +€1,915 | +5.4% |
| Equity | 10/15 | €24,447 | €23,903 | -€544 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,987 | €3,443 | -€544 | -13.6% |
| Amounts payable | 17/49 | €11,173 | €13,632 | +€2,459 | +22.0% |
| Amounts payable within one year | 42/48 | €11,134 | €12,882 | +€1,748 | +15.7% |
| Trade debts | 44 | €1,998 | €2,878 | +€880 | +44.0% |
| Suppliers | 440/4 | €1,998 | €2,878 | +€880 | +44.0% |
| Taxes, remuneration and social security | 45 | €9,136 | €9,846 | +€710 | +7.8% |
| Taxes | 450/3 | €9,136 | €9,846 | +€710 | +7.8% |
| Other amounts payable | 47/48 | - | €158 | +€158 | |
| Accrued charges and deferred income | 492/3 | €39 | €750 | +€711 | +1,823% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,166 | €1,199 | +€33 | +2.8% |
| Other operating charges | 640/8 | €1,312 | €1,146 | -€166 | -12.7% |
| Gross operating margin | 9900 | €21,999 | €14,026 | -€7,973 | -36.2% |
| Operating profit (loss) | 9901 | €19,521 | €11,681 | -€7,840 | -40.2% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €1,988 | €1,739 | -€249 | -12.5% |
| Recurring financial charges | 65 | €1,988 | €1,739 | -€249 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €17,551 | €9,942 | -€7,609 | -43.4% |
| Income taxes | 67/77 | €4,692 | €2,736 | -€1,956 | -41.7% |
| Profit (loss) for the period | 9904 | €12,859 | €7,206 | -€5,653 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,859 | €7,206 | -€5,653 | -44.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.