VP DRIVE: 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.
VP DRIVE
Largest movements
- Tangible fixed assets -€38,864
down €38,864 (-94.6%), from €41,104 to €2,240
- Cash +€11,901
up €11,901 (+486%), from €2,446 to €14,347
mainly Investment in fixed assets (net) (+€38,074) and Other debts (+€25,542)
- Receivables within one year -€9,209
down €9,209 (-58.7%), from €15,695 to €6,486
of which Trade receivables: -€6,651
- Trade debts -€36,953
down €36,953 (-67.9%), from €54,458 to €17,506
- Other debts +€25,542
new in 2025: €25,542
- Debts after one year -€25,530
no longer reported in 2025 (was €25,530)
- Gross operating margin +€30,857
up €30,857, from -€27,414 to €3,443
- Depreciation -€6,926
down €6,926 (-89.8%), from €7,716 to €790
- Other operating charges +€1,084
up €1,084 (+167%), from €650 to €1,734
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 | €59,444 | €23,102 | -€36,342 | -61.1% |
| Fixed assets | 21/28 | €41,104 | €2,240 | -€38,864 | -94.6% |
| Tangible fixed assets | 22/27 | €41,104 | €2,240 | -€38,864 | -94.6% |
| Furniture and vehicles | 24 | €41,104 | €2,240 | -€38,864 | -94.6% |
| Current assets | 29/58 | €18,340 | €20,862 | +€2,522 | +13.8% |
| Amounts receivable within one year | 40/41 | €15,695 | €6,486 | -€9,209 | -58.7% |
| Trade receivables | 40 | €10,063 | €3,412 | -€6,651 | -66.1% |
| Other amounts receivable | 41 | €5,632 | €3,074 | -€2,559 | -45.4% |
| Cash at bank and in hand | 54/58 | €2,446 | €14,347 | +€11,901 | +486% |
| Deferred charges and accrued income | 490/1 | €199 | €30 | -€170 | -85.1% |
| Total equity and liabilities | 10/49 | €59,444 | €23,102 | -€36,342 | -61.1% |
| Equity | 10/15 | -€20,544 | -€20,071 | +€473 | +2.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,544 | -€50,071 | +€473 | +0.9% |
| Amounts payable | 17/49 | €79,988 | €43,174 | -€36,815 | -46.0% |
| Amounts payable after more than one year | 17 | €25,530 | - | -€25,530 | |
| Other amounts payable | 178/9 | €25,530 | - | -€25,530 | |
| Amounts payable within one year | 42/48 | €54,458 | €43,174 | -€11,285 | -20.7% |
| Trade debts | 44 | €54,458 | €17,506 | -€36,953 | -67.9% |
| Suppliers | 440/4 | €54,458 | €17,506 | -€36,953 | -67.9% |
| Taxes, remuneration and social security | 45 | - | €126 | +€126 | |
| Taxes | 450/3 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | - | €25,542 | +€25,542 | |
| Non-recurring operating income | 76A | - | €8,777 | +€8,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,716 | €790 | -€6,926 | -89.8% |
| Other operating charges | 640/8 | €650 | €1,734 | +€1,084 | +167% |
| Gross operating margin | 9900 | -€27,414 | €3,443 | +€30,857 | |
| Operating profit (loss) | 9901 | -€35,780 | €920 | +€36,700 | |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Financial charges | 65/66B | €541 | €512 | -€28 | -5.3% |
| Recurring financial charges | 65 | €541 | €512 | -€28 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,321 | €473 | +€36,794 | |
| Profit (loss) for the period | 9904 | -€36,321 | €473 | +€36,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,321 | €473 | +€36,794 |
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.