VP-SERVICE: 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-SERVICE
Largest movements
- Cash +€176,717
up €176,717 (+179%), from €98,582 to €275,299
mainly Net result for the year (+€195,514) and Trade debts (+€73,329)
- Receivables within one year +€88,155
up €88,155 (+122%), from €72,268 to €160,423
of which Other amounts receivable: +€101,131
- Stocks and contracts -€52,163
down €52,163 (-18.9%), from €276,481 to €224,318
- Tangible fixed assets +€16,806
up €16,806 (+4.1%), from €411,615 to €428,421
of which Furniture and vehicles: +€41,289
- Profit (loss) carried forward +€195,514
up €195,514 (+32.8%), from €595,461 to €790,975
- Trade debts +€73,329
up €73,329 (+155%), from €47,425 to €120,754
- Accrued charges and deferred income -€27,832
down €27,832 (-98.3%), from €28,312 to €480
- Tax, wage and social debts -€18,624
down €18,624 (-16.4%), from €113,361 to €94,737
of which Remuneration and social security: -€13,622
- Gross operating margin +€101,224
up €101,224 (+13.7%), from €739,178 to €840,402
- Staff costs -€39,041
down €39,041 (-7.3%), from €531,261 to €492,220
- Taxes +€30,078
up €30,078 (+66.4%), from €45,287 to €75,365
- Depreciation +€20,063
up €20,063 (+39.3%), from €51,001 to €71,064
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 | €858,947 | €1,088,461 | +€229,514 | +26.7% |
| Fixed assets | 21/28 | €411,615 | €428,421 | +€16,806 | +4.1% |
| Tangible fixed assets | 22/27 | €411,615 | €428,421 | +€16,806 | +4.1% |
| Land and buildings | 22 | €62,420 | €59,869 | -€2,551 | -4.1% |
| Plant, machinery and equipment | 23 | €44,471 | €31,175 | -€13,296 | -29.9% |
| Furniture and vehicles | 24 | €92,669 | €133,958 | +€41,289 | +44.6% |
| Leasing and similar rights | 25 | €183 | €183 | = | 0.0% |
| Assets under construction and advance payments | 27 | €211,871 | €203,235 | -€8,636 | -4.1% |
| Current assets | 29/58 | €447,331 | €660,040 | +€212,709 | +47.6% |
| Stocks and contracts in progress | 3 | €276,481 | €224,318 | -€52,163 | -18.9% |
| Stocks | 30/36 | €276,481 | €224,318 | -€52,163 | -18.9% |
| Amounts receivable within one year | 40/41 | €72,268 | €160,423 | +€88,155 | +122% |
| Trade receivables | 40 | €66,831 | €53,854 | -€12,977 | -19.4% |
| Other amounts receivable | 41 | €5,438 | €106,569 | +€101,131 | +1,860% |
| Cash at bank and in hand | 54/58 | €98,582 | €275,299 | +€176,717 | +179% |
| Total equity and liabilities | 10/49 | €858,947 | €1,088,461 | +€229,514 | +26.7% |
| Equity | 10/15 | €655,209 | €850,723 | +€195,514 | +29.8% |
| Contributions | 10/11 | €18,207 | €18,207 | -€0 | 0.0% |
| Reserves | 13 | €41,541 | €41,541 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,895 | €1,895 | = | 0.0% |
| Distributable reserves | 133 | €37,766 | €37,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | €595,461 | €790,975 | +€195,514 | +32.8% |
| Amounts payable | 17/49 | €203,738 | €237,738 | +€34,000 | +16.7% |
| Amounts payable within one year | 42/48 | €175,426 | €237,258 | +€61,832 | +35.2% |
| Financial debts | 43 | €7,910 | €11,787 | +€3,877 | +49.0% |
| Credit institutions | 430/8 | €7,910 | €11,787 | +€3,877 | +49.0% |
| Trade debts | 44 | €47,425 | €120,754 | +€73,329 | +155% |
| Suppliers | 440/4 | €47,425 | €120,754 | +€73,329 | +155% |
| Advances received on contracts in progress | 46 | €1,093 | €1,093 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €113,361 | €94,737 | -€18,624 | -16.4% |
| Taxes | 450/3 | €35,655 | €30,654 | -€5,002 | -14.0% |
| Remuneration and social security | 454/9 | €77,706 | €64,084 | -€13,622 | -17.5% |
| Other amounts payable | 47/48 | €5,638 | €8,888 | +€3,250 | +57.6% |
| Accrued charges and deferred income | 492/3 | €28,312 | €480 | -€27,832 | -98.3% |
| Non-recurring operating income | 76A | €12,251 | €7,754 | -€4,497 | -36.7% |
| Remuneration, social security and pensions | 62 | €531,261 | €492,220 | -€39,041 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,001 | €71,064 | +€20,063 | +39.3% |
| Other operating charges | 640/8 | €1,153 | €1,033 | -€120 | -10.4% |
| Gross operating margin | 9900 | €739,178 | €840,402 | +€101,224 | +13.7% |
| Operating profit (loss) | 9901 | €155,763 | €276,085 | +€120,322 | +77.2% |
| Financial income | 75/76B | €1,263 | €1,378 | +€115 | +9.1% |
| Recurring financial income | 75 | €1,263 | €1,378 | +€115 | +9.1% |
| Financial charges | 65/66B | €5,662 | €6,583 | +€921 | +16.3% |
| Recurring financial charges | 65 | €5,662 | €6,583 | +€921 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €151,364 | €270,880 | +€119,516 | +79.0% |
| Income taxes | 67/77 | €45,287 | €75,365 | +€30,078 | +66.4% |
| Profit (loss) for the period | 9904 | €106,077 | €195,514 | +€89,438 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,077 | €195,514 | +€89,438 | +84.3% |
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 29 October 2026 via checked.be.