VP INNOVATION: 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 INNOVATION
Largest movements
- Cash -€29,425
down €29,425 (-96.6%), from €30,446 to €1,021
mainly Receivables within one year (-€20,311) and Tax, wage and social debts (-€6,347)
- Receivables within one year +€20,311
up €20,311 (+184%), from €11,011 to €31,322
of which Trade receivables: +€20,300
- Deferred charges and accrued income -€3,109
down €3,109 (-41.1%), from €7,559 to €4,450
- Tangible fixed assets +€2,336
new in 2025: €2,336
- Tax, wage and social debts -€6,347
down €6,347 (-28.3%), from €22,391 to €16,044
of which Taxes: -€3,247
- Other debts -€3,678
down €3,678 (-34.9%), from €10,527 to €6,849
- Profit (loss) carried forward +€2,136
up €2,136 (+19.7%), from €10,848 to €12,984
- Trade debts -€1,998
down €1,998 (-95.6%), from €2,089 to €92
- Gross operating margin -€9,225
down €9,225 (-62.5%), from €14,770 to €5,544
- Taxes -€1,371
down €1,371 (-44.2%), from €3,099 to €1,728
- Depreciation +€755
new in 2025: €755
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 | €49,016 | €39,129 | -€9,887 | -20.2% |
| Fixed assets | 21/28 | - | €2,336 | +€2,336 | |
| Tangible fixed assets | 22/27 | - | €2,336 | +€2,336 | |
| Furniture and vehicles | 24 | - | €2,336 | +€2,336 | |
| Current assets | 29/58 | €49,016 | €36,792 | -€12,223 | -24.9% |
| Amounts receivable within one year | 40/41 | €11,011 | €31,322 | +€20,311 | +184% |
| Trade receivables | 40 | €11,011 | €31,311 | +€20,300 | +184% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €30,446 | €1,021 | -€29,425 | -96.6% |
| Deferred charges and accrued income | 490/1 | €7,559 | €4,450 | -€3,109 | -41.1% |
| Total equity and liabilities | 10/49 | €49,016 | €39,129 | -€9,887 | -20.2% |
| Equity | 10/15 | €13,848 | €15,984 | +€2,136 | +15.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €10,848 | €12,984 | +€2,136 | +19.7% |
| Amounts payable | 17/49 | €35,167 | €23,145 | -€12,023 | -34.2% |
| Amounts payable within one year | 42/48 | €35,007 | €22,985 | -€12,023 | -34.3% |
| Trade debts | 44 | €2,089 | €92 | -€1,998 | -95.6% |
| Suppliers | 440/4 | €2,089 | €92 | -€1,998 | -95.6% |
| Taxes, remuneration and social security | 45 | €22,391 | €16,044 | -€6,347 | -28.3% |
| Taxes | 450/3 | €16,191 | €12,944 | -€3,247 | -20.1% |
| Remuneration and social security | 454/9 | €6,200 | €3,100 | -€3,100 | -50.0% |
| Other amounts payable | 47/48 | €10,527 | €6,849 | -€3,678 | -34.9% |
| Accrued charges and deferred income | 492/3 | €160 | €160 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €755 | +€755 | |
| Gross operating margin | 9900 | €14,770 | €5,544 | -€9,225 | -62.5% |
| Operating profit (loss) | 9901 | €14,770 | €4,789 | -€9,980 | -67.6% |
| Financial charges | 65/66B | €22 | €125 | +€103 | +460% |
| Recurring financial charges | 65 | €22 | €125 | +€103 | +460% |
| Profit (loss) for the period before taxes | 9903 | €14,747 | €4,664 | -€10,083 | -68.4% |
| Income taxes | 67/77 | €3,099 | €1,728 | -€1,371 | -44.2% |
| Profit (loss) for the period | 9904 | €11,648 | €2,936 | -€8,713 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,648 | €2,936 | -€8,713 | -74.8% |
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 22 October 2026 via checked.be.