VN SOLUTIONS: 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.
VN SOLUTIONS
Largest movements
- Receivables within one year -€27,366
down €27,366 (-37.6%), from €72,816 to €45,450
of which Other amounts receivable: -€14,232
- Tangible fixed assets +€25,531
up €25,531 (+272.4%), from €9,371 to €34,902
of which Furniture and vehicles: +€24,195
- Current investments +€15,000
new in 2025: €15,000
- Cash +€12,782
up €12,782 (+73.6%), from €17,373 to €30,155
mainly Net result for the year (+€48,745) and Receivables within one year (+€27,366)
- Profit (loss) carried forward +€11,797
up €11,797 (+31.9%), from €36,948 to €48,745
- Debts after one year +€11,751
up €11,751 (+114.8%), from €10,234 to €21,985
- Trade debts +€2,892
up €2,892 (+112.0%), from €2,581 to €5,473
- Gross operating margin +€16,667
up €16,667 (+30.0%), from €55,639 to €72,306
- Depreciation +€4,148
up €4,148 (+90.9%), from €4,564 to €8,712
- Taxes +€938
up €938 (+8.4%), from €11,117 to €12,055
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 | €100,535 | €126,532 | +€25,997 | +25.9% |
| Fixed assets | 21/28 | €9,371 | €34,902 | +€25,531 | +272.4% |
| Tangible fixed assets | 22/27 | €9,371 | €34,902 | +€25,531 | +272.4% |
| Plant, machinery and equipment | 23 | €839 | €2,175 | +€1,336 | +159.2% |
| Furniture and vehicles | 24 | €8,532 | €32,727 | +€24,195 | +283.6% |
| Current assets | 29/58 | €91,164 | €91,630 | +€466 | +0.5% |
| Amounts receivable within one year | 40/41 | €72,816 | €45,450 | -€27,366 | -37.6% |
| Trade receivables | 40 | €23,319 | €10,185 | -€13,134 | -56.3% |
| Other amounts receivable | 41 | €49,497 | €35,265 | -€14,232 | -28.8% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €17,373 | €30,155 | +€12,782 | +73.6% |
| Deferred charges and accrued income | 490/1 | €975 | €1,025 | +€50 | +5.1% |
| Total equity and liabilities | 10/49 | €100,535 | €126,532 | +€25,997 | +25.9% |
| Equity | 10/15 | €70,887 | €82,684 | +€11,797 | +16.6% |
| Reserves | 13 | €33,939 | €33,939 | = | 0.0% |
| Distributable reserves | 133 | €33,939 | €33,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,948 | €48,745 | +€11,797 | +31.9% |
| Amounts payable | 17/49 | €29,648 | €43,848 | +€14,200 | +47.9% |
| Amounts payable after more than one year | 17 | €10,234 | €21,985 | +€11,751 | +114.8% |
| Financial debts | 170/4 | €10,234 | €21,985 | +€11,751 | +114.8% |
| Amounts payable within one year | 42/48 | €19,414 | €21,863 | +€2,449 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €16,752 | €16,318 | -€434 | -2.6% |
| Trade debts | 44 | €2,581 | €5,473 | +€2,892 | +112.0% |
| Suppliers | 440/4 | €2,581 | €5,473 | +€2,892 | +112.0% |
| Other amounts payable | 47/48 | €81 | €72 | -€9 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,564 | €8,712 | +€4,148 | +90.9% |
| Other operating charges | 640/8 | €947 | €739 | -€208 | -22.0% |
| Gross operating margin | 9900 | €55,639 | €72,306 | +€16,667 | +30.0% |
| Operating profit (loss) | 9901 | €50,128 | €62,855 | +€12,727 | +25.4% |
| Financial charges | 65/66B | €2,063 | €2,055 | -€8 | -0.4% |
| Recurring financial charges | 65 | €2,063 | €2,055 | -€8 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €48,065 | €60,800 | +€12,735 | +26.5% |
| Income taxes | 67/77 | €11,117 | €12,055 | +€938 | +8.4% |
| Profit (loss) for the period | 9904 | €36,948 | €48,745 | +€11,797 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,948 | €48,745 | +€11,797 | +31.9% |
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 8 October 2026 via checked.be.