VP Buildings: what changed
VP Buildings
Largest movements
- Tangible fixed assets -€22,341
down €22,341 (-5.7%), from €393,567 to €371,226
of which Land and buildings: -€17,471
- Receivables within one year -€21,835
down €21,835 (-35.1%), from €62,252 to €40,417
of which Trade receivables: -€22,082
- Cash -€5,441
down €5,441 (-18.7%), from €29,145 to €23,704
mainly Debts after one year (-€38,315) and Trade debts (-€20,499)
- Debts after one year -€38,315
down €38,315 (-33.6%), from €114,115 to €75,799
- Trade debts -€20,499
down €20,499 (-98.6%), from €20,792 to €293
- Profit (loss) carried forward +€20,120
up €20,120 (+9.3%), from €215,909 to €236,029
- Current portion of long-term debt -€9,009
down €9,009 (-19.0%), from €47,324 to €38,315
- Gross operating margin +€18,693
up €18,693 (+32.7%), from €57,190 to €75,883
- Taxes +€5,022
up €5,022 (+399%), from €1,257 to €6,279
- Financial charges -€3,365
down €3,365 (-36.1%), from €9,314 to €5,949
- Depreciation +€1,804
up €1,804 (+5.1%), from €35,241 to €37,045
- Other operating charges +€1,096
up €1,096 (+20.1%), from €5,468 to €6,564
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,532 | €436,377 | -€50,155 | -10.3% |
| Fixed assets | 21/28 | €393,567 | €371,226 | -€22,341 | -5.7% |
| Tangible fixed assets | 22/27 | €393,567 | €371,226 | -€22,341 | -5.7% |
| Land and buildings | 22 | €338,279 | €320,808 | -€17,471 | -5.2% |
| Plant, machinery and equipment | 23 | €11,422 | €8,513 | -€2,909 | -25.5% |
| Furniture and vehicles | 24 | €4,755 | €3,897 | -€858 | -18.1% |
| Other tangible fixed assets | 26 | €5,294 | €4,191 | -€1,104 | -20.8% |
| Assets under construction and advance payments | 27 | €33,817 | €33,817 | = | 0.0% |
| Current assets | 29/58 | €92,965 | €65,151 | -€27,814 | -29.9% |
| Amounts receivable within one year | 40/41 | €62,252 | €40,417 | -€21,835 | -35.1% |
| Trade receivables | 40 | €32,253 | €10,171 | -€22,082 | -68.5% |
| Other amounts receivable | 41 | €29,999 | €30,245 | +€247 | +0.8% |
| Cash at bank and in hand | 54/58 | €29,145 | €23,704 | -€5,441 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,030 | -€538 | -34.3% |
| Total equity and liabilities | 10/49 | €486,532 | €436,377 | -€50,155 | -10.3% |
| Equity | 10/15 | €237,909 | €258,029 | +€20,120 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,909 | €236,029 | +€20,120 | +9.3% |
| Amounts payable | 17/49 | €248,623 | €178,348 | -€70,275 | -28.3% |
| Amounts payable after more than one year | 17 | €114,115 | €75,799 | -€38,315 | -33.6% |
| Financial debts | 170/4 | €114,115 | €75,799 | -€38,315 | -33.6% |
| Amounts payable within one year | 42/48 | €134,508 | €102,549 | -€31,959 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €47,324 | €38,315 | -€9,009 | -19.0% |
| Trade debts | 44 | €20,792 | €293 | -€20,499 | -98.6% |
| Suppliers | 440/4 | €20,792 | €293 | -€20,499 | -98.6% |
| Taxes, remuneration and social security | 45 | €8,817 | €6,366 | -€2,452 | -27.8% |
| Taxes | 450/3 | €8,817 | €6,366 | -€2,452 | -27.8% |
| Other amounts payable | 47/48 | €57,575 | €57,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,241 | €37,045 | +€1,804 | +5.1% |
| Other operating charges | 640/8 | €5,468 | €6,564 | +€1,096 | +20.1% |
| Gross operating margin | 9900 | €57,190 | €75,883 | +€18,693 | +32.7% |
| Operating profit (loss) | 9901 | €16,481 | €32,274 | +€15,793 | +95.8% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | €9,314 | €5,949 | -€3,365 | -36.1% |
| Recurring financial charges | 65 | €9,314 | €5,949 | -€3,365 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €7,167 | €26,398 | +€19,231 | +268% |
| Income taxes | 67/77 | €1,257 | €6,279 | +€5,022 | +399% |
| Profit (loss) for the period | 9904 | €5,910 | €20,120 | +€14,210 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €5,910 | €20,120 | +€14,210 | +240% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.