VP: 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.
VP
Largest movements
- Receivables within one year +€199,514
up €199,514 (+18.3%), from €1.1m to €1.3m
of which Trade receivables: +€108,453
- Cash +€114,797
up €114,797 (+159.3%), from €72,064 to €186,861
mainly Accrued charges and deferred income (+€138,676) and Trade debts (+€96,656)
- Accrued charges and deferred income +€138,676
new in 2025: €138,676
- Trade debts +€96,656
up €96,656 (+9.6%), from €1.0m to €1.1m
- Profit (loss) carried forward +€74,970
up €74,970 (+63.3%), from €118,355 to €193,324
- Gross operating margin +€95,534
up €95,534 (+2793.3%), from €3,420 to €98,954
- Taxes +€19,905
up €19,905 (+2541.5%), from €783 to €20,688
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 | €1,162,571 | €1,476,881 | +€314,310 | +27.0% |
| Current assets | 29/58 | €1,162,571 | €1,476,881 | +€314,310 | +27.0% |
| Amounts receivable within one year | 40/41 | €1,090,507 | €1,290,021 | +€199,514 | +18.3% |
| Trade receivables | 40 | €993,493 | €1,101,947 | +€108,453 | +10.9% |
| Other amounts receivable | 41 | €97,014 | €188,074 | +€91,060 | +93.9% |
| Cash at bank and in hand | 54/58 | €72,064 | €186,861 | +€114,797 | +159.3% |
| Total equity and liabilities | 10/49 | €1,162,571 | €1,476,881 | +€314,310 | +27.0% |
| Equity | 10/15 | €150,647 | €225,617 | +€74,970 | +49.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,093 | €26,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,025 | €1,025 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,025 | €1,025 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,245 | €1,245 | = | 0.0% |
| Distributable reserves | 133 | €23,822 | €23,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,355 | €193,324 | +€74,970 | +63.3% |
| Amounts payable | 17/49 | €1,011,923 | €1,251,264 | +€239,341 | +23.7% |
| Amounts payable within one year | 42/48 | €1,011,923 | €1,112,589 | +€100,665 | +9.9% |
| Trade debts | 44 | €1,009,467 | €1,106,123 | +€96,656 | +9.6% |
| Suppliers | 440/4 | €1,009,467 | €1,106,123 | +€96,656 | +9.6% |
| Taxes, remuneration and social security | 45 | - | €6,466 | +€6,466 | |
| Taxes | 450/3 | - | €6,466 | +€6,466 | |
| Other amounts payable | 47/48 | €2,457 | - | -€2,457 | |
| Accrued charges and deferred income | 492/3 | - | €138,676 | +€138,676 | |
| Non-recurring operating income | 76A | €6,000 | €6,900 | +€900 | +15.0% |
| Other operating charges | 640/8 | €1,092 | €1,060 | -€31 | -2.8% |
| Gross operating margin | 9900 | €3,420 | €98,954 | +€95,534 | +2793.3% |
| Operating profit (loss) | 9901 | €2,329 | €97,893 | +€95,565 | +4103.9% |
| Financial income | 75/76B | €747 | - | -€747 | |
| Recurring financial income | 75 | €747 | - | -€747 | |
| Financial charges | 65/66B | €1,602 | €2,235 | +€634 | +39.6% |
| Recurring financial charges | 65 | €1,602 | €2,235 | +€634 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €1,474 | €95,658 | +€94,184 | +6388.0% |
| Income taxes | 67/77 | €783 | €20,688 | +€19,905 | +2541.5% |
| Profit (loss) for the period | 9904 | €691 | €74,970 | +€74,278 | +10746.9% |
| Profit (loss) for the period to be appropriated | 9905 | €691 | €74,970 | +€74,278 | +10746.9% |
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 6 October 2026 via checked.be.