VNP Services: 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.
VNP Services
Largest movements
- Receivables within one year +€41,527
up €41,527 (+540%), from €7,690 to €49,217
of which Other amounts receivable: +€32,984
- Current investments +€24,372
up €24,372 (+48.7%), from €50,000 to €74,372
- Cash -€7,882
down €7,882 (-8.1%), from €96,832 to €88,949
mainly Receivables within one year (-€41,527) and Current investments (-€24,372)
- Reserves +€38,893
up €38,893 (+29.0%), from €134,264 to €173,157
- Other debts +€12,664
up €12,664 (+135%), from €9,363 to €22,027
- Tax, wage and social debts +€4,361
up €4,361 (+26.7%), from €16,345 to €20,705
- Gross operating margin -€12,007
down €12,007 (-12.2%), from €98,775 to €86,768
- Taxes -€3,001
down €3,001 (-11.4%), from €26,227 to €23,227
- Financial income +€1,890
up €1,890 (+268%), from €706 to €2,596
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 | €164,544 | €221,293 | +€56,749 | +34.5% |
| Fixed assets | 21/28 | €2,136 | €2,556 | +€420 | +19.7% |
| Tangible fixed assets | 22/27 | €2,136 | €2,556 | +€420 | +19.7% |
| Furniture and vehicles | 24 | - | €945 | +€945 | |
| Other tangible fixed assets | 26 | €2,136 | €1,611 | -€525 | -24.6% |
| Current assets | 29/58 | €162,408 | €218,737 | +€56,329 | +34.7% |
| Amounts receivable within one year | 40/41 | €7,690 | €49,217 | +€41,527 | +540% |
| Trade receivables | 40 | €7,690 | €16,232 | +€8,543 | +111% |
| Other amounts receivable | 41 | - | €32,984 | +€32,984 | |
| Current investments | 50/53 | €50,000 | €74,372 | +€24,372 | +48.7% |
| Cash at bank and in hand | 54/58 | €96,832 | €88,949 | -€7,882 | -8.1% |
| Deferred charges and accrued income | 490/1 | €7,886 | €6,199 | -€1,687 | -21.4% |
| Total equity and liabilities | 10/49 | €164,544 | €221,293 | +€56,749 | +34.5% |
| Equity | 10/15 | €137,264 | €176,157 | +€38,893 | +28.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €134,264 | €173,157 | +€38,893 | +29.0% |
| Distributable reserves | 133 | €134,264 | €173,157 | +€38,893 | +29.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,280 | €45,136 | +€17,856 | +65.5% |
| Amounts payable within one year | 42/48 | €26,258 | €45,136 | +€18,878 | +71.9% |
| Trade debts | 44 | €550 | €2,404 | +€1,854 | +337% |
| Suppliers | 440/4 | €550 | €2,404 | +€1,854 | +337% |
| Taxes, remuneration and social security | 45 | €16,345 | €20,705 | +€4,361 | +26.7% |
| Taxes | 450/3 | €16,345 | €20,705 | +€4,361 | +26.7% |
| Other amounts payable | 47/48 | €9,363 | €22,027 | +€12,664 | +135% |
| Accrued charges and deferred income | 492/3 | €1,022 | €0 | -€1,022 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €623 | +€134 | +27.3% |
| Other operating charges | 640/8 | €298 | €831 | +€533 | +179% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €98,775 | €86,768 | -€12,007 | -12.2% |
| Operating profit (loss) | 9901 | €97,988 | €85,314 | -€12,674 | -12.9% |
| Financial income | 75/76B | €706 | €2,596 | +€1,890 | +268% |
| Recurring financial income | 75 | €706 | €2,596 | +€1,890 | +268% |
| Financial charges | 65/66B | €4,096 | €3,764 | -€333 | -8.1% |
| Recurring financial charges | 65 | €4,096 | €3,764 | -€333 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €94,597 | €84,147 | -€10,451 | -11.0% |
| Income taxes | 67/77 | €26,227 | €23,227 | -€3,001 | -11.4% |
| Profit (loss) for the period | 9904 | €68,370 | €60,920 | -€7,450 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,370 | €60,920 | -€7,450 | -10.9% |
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.