VP CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€24,965
down €24,965 (-18.2%), from €137,534 to €112,569
of which Leasing and similar rights: -€30,678
- Receivables within one year -€19,703
down €19,703 (-51.9%), from €37,989 to €18,286
of which Trade receivables: -€28,610
- Debts after one year -€34,919
down €34,919 (-48.0%), from €72,800 to €37,881
- Current portion of long-term debt -€18,416
down €18,416 (-47.8%), from €38,497 to €20,082
- Profit (loss) carried forward +€13,356
up €13,356 (+10.8%), from €124,156 to €137,512
- Other debts +€5,934
up €5,934 (+145.9%), from €4,066 to €10,000
- Tax, wage and social debts -€5,854
down €5,854 (-32.4%), from €18,077 to €12,223
- Gross operating margin +€24,340
up €24,340 (+49.5%), from €49,152 to €73,492
- Depreciation +€18,013
up €18,013 (+127.0%), from €14,180 to €32,193
- Taxes -€4,953
down €4,953 (-39.8%), from €12,441 to €7,488
- Other operating charges +€3,849
up €3,849 (+315.5%), from €1,220 to €5,069
- Financial charges +€894
up €894 (+19.9%), from €4,491 to €5,385
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 | €279,455 | €236,432 | -€43,023 | -15.4% |
| Fixed assets | 21/28 | €137,642 | €112,677 | -€24,965 | -18.1% |
| Tangible fixed assets | 22/27 | €137,534 | €112,569 | -€24,965 | -18.2% |
| Furniture and vehicles | 24 | €7,653 | €7,318 | -€335 | -4.4% |
| Leasing and similar rights | 25 | €127,825 | €97,147 | -€30,678 | -24.0% |
| Other tangible fixed assets | 26 | €2,056 | €8,104 | +€6,048 | +294.2% |
| Financial fixed assets | 28 | €108 | €108 | +€0 | +0.4% |
| Current assets | 29/58 | €141,813 | €123,755 | -€18,058 | -12.7% |
| Amounts receivable within one year | 40/41 | €37,989 | €18,286 | -€19,703 | -51.9% |
| Trade receivables | 40 | €36,362 | €7,752 | -€28,610 | -78.7% |
| Other amounts receivable | 41 | €1,627 | €10,534 | +€8,907 | +547.5% |
| Cash at bank and in hand | 54/58 | €101,803 | €103,873 | +€2,070 | +2.0% |
| Deferred charges and accrued income | 490/1 | €2,021 | €1,596 | -€425 | -21.0% |
| Total equity and liabilities | 10/49 | €279,455 | €236,432 | -€43,023 | -15.4% |
| Equity | 10/15 | €132,216 | €145,572 | +€13,356 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,156 | €137,512 | +€13,356 | +10.8% |
| Amounts payable | 17/49 | €147,239 | €90,860 | -€56,379 | -38.3% |
| Amounts payable after more than one year | 17 | €72,800 | €37,881 | -€34,919 | -48.0% |
| Financial debts | 170/4 | €72,800 | €37,881 | -€34,919 | -48.0% |
| Amounts payable within one year | 42/48 | €73,506 | €52,362 | -€21,144 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €38,497 | €20,082 | -€18,416 | -47.8% |
| Trade debts | 44 | €12,866 | €10,057 | -€2,809 | -21.8% |
| Suppliers | 440/4 | €12,866 | €10,057 | -€2,809 | -21.8% |
| Taxes, remuneration and social security | 45 | €18,077 | €12,223 | -€5,854 | -32.4% |
| Taxes | 450/3 | €18,077 | €12,223 | -€5,854 | -32.4% |
| Other amounts payable | 47/48 | €4,066 | €10,000 | +€5,934 | +145.9% |
| Accrued charges and deferred income | 492/3 | €933 | €617 | -€316 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,180 | €32,193 | +€18,013 | +127.0% |
| Other operating charges | 640/8 | €1,220 | €5,069 | +€3,849 | +315.5% |
| Non-recurring operating charges | 66A | €129 | - | -€129 | |
| Gross operating margin | 9900 | €49,152 | €73,492 | +€24,340 | +49.5% |
| Operating profit (loss) | 9901 | €33,623 | €36,229 | +€2,606 | +7.8% |
| Financial charges | 65/66B | €4,491 | €5,385 | +€894 | +19.9% |
| Recurring financial charges | 65 | €4,491 | €5,385 | +€894 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €29,132 | €30,844 | +€1,712 | +5.9% |
| Income taxes | 67/77 | €12,441 | €7,488 | -€4,953 | -39.8% |
| Profit (loss) for the period | 9904 | €16,691 | €23,356 | +€6,665 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,691 | €23,356 | +€6,665 | +39.9% |
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.