VKJ: 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.
VKJ
Largest movements
- Receivables within one year -€160,464
down €160,464 (-73.4%), from €218,764 to €58,300
- Other debts -€158,711
no longer reported in 2025 (was €158,711)
- Reserves -€3,614
down €3,614 (-6.3%), from €57,712 to €54,097
- Accrued charges and deferred income +€2,400
new in 2025: €2,400
- Gross operating margin +€1,748
up €1,748 (+42.1%), from -€4,148 to -€2,400
- Depreciation -€867
no longer reported in 2025 (was €867)
- Financial charges +€227
up €227 (+168%), from €135 to €363
- Other operating charges +€214
up €214 (+33.5%), from €638 to €852
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 | €222,826 | €62,429 | -€160,397 | -72.0% |
| Fixed assets | 21/28 | €1,658 | €1,658 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,658 | €1,658 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,658 | €1,658 | = | 0.0% |
| Current assets | 29/58 | €221,168 | €60,771 | -€160,397 | -72.5% |
| Amounts receivable within one year | 40/41 | €218,764 | €58,300 | -€160,464 | -73.4% |
| Other amounts receivable | 41 | €218,764 | €58,300 | -€160,464 | -73.4% |
| Cash at bank and in hand | 54/58 | €2,404 | €2,471 | +€66 | +2.8% |
| Total equity and liabilities | 10/49 | €222,826 | €62,429 | -€160,397 | -72.0% |
| Equity | 10/15 | €62,712 | €59,097 | -€3,614 | -5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €57,712 | €54,097 | -€3,614 | -6.3% |
| Distributable reserves | 133 | €57,712 | €54,097 | -€3,614 | -6.3% |
| Amounts payable | 17/49 | €160,114 | €3,332 | -€156,783 | -97.9% |
| Amounts payable within one year | 42/48 | €160,114 | €932 | -€159,183 | -99.4% |
| Trade debts | 44 | €1,404 | €932 | -€472 | -33.6% |
| Suppliers | 440/4 | €1,404 | €932 | -€472 | -33.6% |
| Other amounts payable | 47/48 | €158,711 | - | -€158,711 | |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | - | -€867 | |
| Other operating charges | 640/8 | €638 | €852 | +€214 | +33.5% |
| Gross operating margin | 9900 | -€4,148 | -€2,400 | +€1,748 | +42.1% |
| Operating profit (loss) | 9901 | -€5,653 | -€3,252 | +€2,401 | +42.5% |
| Financial charges | 65/66B | €135 | €363 | +€227 | +168% |
| Recurring financial charges | 65 | €135 | €363 | +€227 | +168% |
| Profit (loss) for the period before taxes | 9903 | -€5,788 | -€3,614 | +€2,174 | +37.6% |
| Profit (loss) for the period | 9904 | -€5,788 | -€3,614 | +€2,174 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,788 | -€3,614 | +€2,174 | +37.6% |
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.