VP DRIVING: 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 DRIVING
Largest movements
- Cash +€65,287
up €65,287 (+196.1%), from €33,292 to €98,579
mainly Receivables within one year (+€64,829) and Net result for the year (+€51,007)
- Receivables within one year -€64,829
down €64,829 (-38.6%), from €168,084 to €103,255
of which Trade receivables: -€74,735
- Tangible fixed assets -€60,085
down €60,085 (-29.6%), from €203,122 to €143,037
of which Furniture and vehicles: -€58,234
- Current portion of long-term debt -€58,571
down €58,571 (-75.3%), from €77,745 to €19,174
- Reserves +€51,007
up €51,007 (+26.3%), from €194,019 to €245,025
- Debts after one year -€30,420
down €30,420 (-42.1%), from €72,207 to €41,786
- Trade debts -€28,763
down €28,763 (-63.0%), from €45,680 to €16,917
- Tax, wage and social debts +€5,337
up €5,337 (+10.2%), from €52,480 to €57,817
- Gross operating margin +€15,750
up €15,750 (+14.1%), from €111,906 to €127,655
- Taxes +€4,275
up €4,275 (+14.7%), from €29,077 to €33,351
- Other operating charges -€3,175
down €3,175 (-40.6%), from €7,815 to €4,640
- Depreciation -€2,498
down €2,498 (-8.5%), from €29,291 to €26,793
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 | €451,053 | €388,973 | -€62,080 | -13.8% |
| Fixed assets | 21/28 | €216,082 | €155,597 | -€60,485 | -28.0% |
| Intangible fixed assets | 21 | €2,960 | €2,560 | -€400 | -13.5% |
| Tangible fixed assets | 22/27 | €203,122 | €143,037 | -€60,085 | -29.6% |
| Land and buildings | 22 | €85,762 | €84,880 | -€882 | -1.0% |
| Plant, machinery and equipment | 23 | €3,922 | €3,392 | -€530 | -13.5% |
| Furniture and vehicles | 24 | €109,655 | €51,420 | -€58,234 | -53.1% |
| Other tangible fixed assets | 26 | €3,783 | €3,344 | -€439 | -11.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €234,972 | €233,377 | -€1,595 | -0.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168,084 | €103,255 | -€64,829 | -38.6% |
| Trade receivables | 40 | €167,563 | €92,828 | -€74,735 | -44.6% |
| Other amounts receivable | 41 | €521 | €10,427 | +€9,906 | +1901.4% |
| Cash at bank and in hand | 54/58 | €33,292 | €98,579 | +€65,287 | +196.1% |
| Deferred charges and accrued income | 490/1 | €8,596 | €6,543 | -€2,053 | -23.9% |
| Total equity and liabilities | 10/49 | €451,053 | €388,973 | -€62,080 | -13.8% |
| Equity | 10/15 | €199,019 | €250,025 | +€51,007 | +25.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €194,019 | €245,025 | +€51,007 | +26.3% |
| Distributable reserves | 133 | €194,019 | €245,025 | +€51,007 | +26.3% |
| Amounts payable | 17/49 | €252,035 | €138,948 | -€113,087 | -44.9% |
| Amounts payable after more than one year | 17 | €72,207 | €41,786 | -€30,420 | -42.1% |
| Financial debts | 170/4 | €72,207 | €41,786 | -€30,420 | -42.1% |
| Amounts payable within one year | 42/48 | €178,784 | €93,908 | -€84,876 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €77,745 | €19,174 | -€58,571 | -75.3% |
| Trade debts | 44 | €45,680 | €16,917 | -€28,763 | -63.0% |
| Suppliers | 440/4 | €45,680 | €16,917 | -€28,763 | -63.0% |
| Taxes, remuneration and social security | 45 | €52,480 | €57,817 | +€5,337 | +10.2% |
| Taxes | 450/3 | €52,480 | €57,817 | +€5,337 | +10.2% |
| Other amounts payable | 47/48 | €2,879 | - | -€2,879 | |
| Accrued charges and deferred income | 492/3 | €1,044 | €3,253 | +€2,209 | +211.5% |
| Non-recurring operating income | 76A | - | €1,396 | +€1,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,291 | €26,793 | -€2,498 | -8.5% |
| Other operating charges | 640/8 | €7,815 | €4,640 | -€3,175 | -40.6% |
| Non-recurring operating charges | 66A | €2,845 | €7,734 | +€4,888 | +171.8% |
| Gross operating margin | 9900 | €111,906 | €127,655 | +€15,750 | +14.1% |
| Operating profit (loss) | 9901 | €71,955 | €88,489 | +€16,534 | +23.0% |
| Financial income | 75/76B | €1,021 | €1,815 | +€793 | +77.7% |
| Recurring financial income | 75 | €1,021 | €1,815 | +€793 | +77.7% |
| Financial charges | 65/66B | €6,026 | €5,946 | -€80 | -1.3% |
| Recurring financial charges | 65 | €6,026 | €5,946 | -€80 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €66,950 | €84,358 | +€17,408 | +26.0% |
| Income taxes | 67/77 | €29,077 | €33,351 | +€4,275 | +14.7% |
| Profit (loss) for the period | 9904 | €37,874 | €51,007 | +€13,133 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,874 | €51,007 | +€13,133 | +34.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.