VNE: 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.
VNE
Largest movements
- Receivables within one year +€3,097
up €3,097 (+27.8%), from €11,140 to €14,237
of which Trade receivables: +€3,651
- Tangible fixed assets -€2,519
down €2,519 (-39.6%), from €6,362 to €3,843
- Cash +€820
up €820 (+7.1%), from €11,585 to €12,405
mainly Depreciation (+€2,519) and Tax, wage and social debts (+€1,629)
- Tax, wage and social debts +€1,629
up €1,629 (+154.1%), from €1,057 to €2,687
- Trade debts -€1,619
down €1,619 (-23.6%), from €6,867 to €5,248
- Reserves +€1,463
up €1,463 (+13.6%), from €10,771 to €12,234
of which Distributable reserves: +€3,323
- Depreciation -€1,002
down €1,002 (-28.4%), from €3,521 to €2,519
- Gross operating margin -€304
down €304 (-5.0%), from €6,128 to €5,824
- Taxes +€258
up €258 (+57.8%), from €446 to €703
- Financial charges -€108
down €108 (-15.9%), from €679 to €571
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 | €31,587 | €32,984 | +€1,398 | +4.4% |
| Fixed assets | 21/28 | €8,862 | €6,343 | -€2,519 | -28.4% |
| Tangible fixed assets | 22/27 | €6,362 | €3,843 | -€2,519 | -39.6% |
| Furniture and vehicles | 24 | €6,362 | €3,843 | -€2,519 | -39.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €22,725 | €26,641 | +€3,917 | +17.2% |
| Amounts receivable within one year | 40/41 | €11,140 | €14,237 | +€3,097 | +27.8% |
| Trade receivables | 40 | €7,340 | €10,991 | +€3,651 | +49.7% |
| Other amounts receivable | 41 | €3,800 | €3,245 | -€554 | -14.6% |
| Cash at bank and in hand | 54/58 | €11,585 | €12,405 | +€820 | +7.1% |
| Total equity and liabilities | 10/49 | €31,587 | €32,984 | +€1,398 | +4.4% |
| Equity | 10/15 | €23,536 | €24,999 | +€1,463 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,771 | €12,234 | +€1,463 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €8,911 | €12,234 | +€3,323 | +37.3% |
| Profit (loss) carried forward | 14 | €6,565 | €6,565 | = | 0.0% |
| Amounts payable | 17/49 | €8,051 | €7,985 | -€66 | -0.8% |
| Amounts payable within one year | 42/48 | €8,051 | €7,985 | -€66 | -0.8% |
| Trade debts | 44 | €6,867 | €5,248 | -€1,619 | -23.6% |
| Suppliers | 440/4 | €6,867 | €5,248 | -€1,619 | -23.6% |
| Taxes, remuneration and social security | 45 | €1,057 | €2,687 | +€1,629 | +154.1% |
| Taxes | 450/3 | €1,057 | €2,687 | +€1,629 | +154.1% |
| Other amounts payable | 47/48 | €126 | €50 | -€75 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,521 | €2,519 | -€1,002 | -28.4% |
| Other operating charges | 640/8 | €528 | €589 | +€61 | +11.6% |
| Gross operating margin | 9900 | €6,128 | €5,824 | -€304 | -5.0% |
| Operating profit (loss) | 9901 | €2,079 | €2,716 | +€636 | +30.6% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €679 | €571 | -€108 | -15.9% |
| Recurring financial charges | 65 | €679 | €571 | -€108 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €1,400 | €2,166 | +€766 | +54.7% |
| Income taxes | 67/77 | €446 | €703 | +€258 | +57.8% |
| Profit (loss) for the period | 9904 | €955 | €1,463 | +€508 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €955 | €1,463 | +€508 | +53.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.