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
- Receivables within one year +€4,945
up €4,945 (+43.8%), from €11,293 to €16,238
of which Trade receivables: +€5,147
- Cash +€4,653
up €4,653 (+7.2%), from €64,409 to €69,062
mainly Net result for the year (+€15,410) and Depreciation (+€10,454)
- Tangible fixed assets -€4,453
down €4,453 (-1.9%), from €236,052 to €231,599
of which Land and buildings: -€7,321
- Debts after one year -€15,552
down €15,552 (-8.5%), from €182,460 to €166,908
- Reserves +€15,410
up €15,410 (+141%), from €10,964 to €26,374
- Other debts +€4,774
up €4,774 (+976%), from €489 to €5,263
- Gross operating margin +€19,563
up €19,563 (+47.3%), from €41,336 to €60,899
- Taxes +€5,829
up €5,829 (+1,264%), from €461 to €6,290
- Financial charges -€989
down €989 (-16.3%), from €6,060 to €5,071
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 | €318,187 | €321,323 | +€3,136 | +1.0% |
| Fixed assets | 21/28 | €236,452 | €231,840 | -€4,612 | -2.0% |
| Intangible fixed assets | 21 | €375 | €216 | -€159 | -42.4% |
| Tangible fixed assets | 22/27 | €236,052 | €231,599 | -€4,453 | -1.9% |
| Land and buildings | 22 | €232,002 | €224,681 | -€7,321 | -3.2% |
| Plant, machinery and equipment | 23 | €4,050 | €6,918 | +€2,868 | +70.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €81,735 | €89,483 | +€7,748 | +9.5% |
| Stocks and contracts in progress | 3 | €4,493 | €3,500 | -€993 | -22.1% |
| Stocks | 30/36 | €4,493 | €3,500 | -€993 | -22.1% |
| Amounts receivable within one year | 40/41 | €11,293 | €16,238 | +€4,945 | +43.8% |
| Trade receivables | 40 | €11,091 | €16,238 | +€5,147 | +46.4% |
| Other amounts receivable | 41 | €202 | - | -€202 | |
| Cash at bank and in hand | 54/58 | €64,409 | €69,062 | +€4,653 | +7.2% |
| Deferred charges and accrued income | 490/1 | €1,540 | €683 | -€857 | -55.6% |
| Total equity and liabilities | 10/49 | €318,187 | €321,323 | +€3,136 | +1.0% |
| Equity | 10/15 | €29,564 | €44,974 | +€15,410 | +52.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,964 | €26,374 | +€15,410 | +141% |
| Distributable reserves | 133 | €10,964 | €26,374 | +€15,410 | +141% |
| Amounts payable | 17/49 | €288,623 | €276,349 | -€12,274 | -4.3% |
| Amounts payable after more than one year | 17 | €182,460 | €166,908 | -€15,552 | -8.5% |
| Financial debts | 170/4 | €182,460 | €166,908 | -€15,552 | -8.5% |
| Amounts payable within one year | 42/48 | €105,776 | €109,042 | +€3,266 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €15,356 | €15,552 | +€196 | +1.3% |
| Financial debts | 43 | €70,000 | €70,000 | = | 0.0% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €3,802 | €3,911 | +€109 | +2.9% |
| Suppliers | 440/4 | €3,802 | €3,911 | +€109 | +2.9% |
| Taxes, remuneration and social security | 45 | €16,129 | €14,316 | -€1,813 | -11.2% |
| Taxes | 450/3 | €3,018 | €10,435 | +€7,417 | +246% |
| Remuneration and social security | 454/9 | €13,111 | €3,881 | -€9,230 | -70.4% |
| Other amounts payable | 47/48 | €489 | €5,263 | +€4,774 | +976% |
| Accrued charges and deferred income | 492/3 | €387 | €399 | +€12 | +3.1% |
| Remuneration, social security and pensions | 62 | €19,958 | €20,402 | +€444 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,576 | €10,454 | -€122 | -1.2% |
| Other operating charges | 640/8 | €2,895 | €3,272 | +€377 | +13.0% |
| Gross operating margin | 9900 | €41,336 | €60,899 | +€19,563 | +47.3% |
| Operating profit (loss) | 9901 | €7,907 | €26,771 | +€18,864 | +239% |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €6,060 | €5,071 | -€989 | -16.3% |
| Recurring financial charges | 65 | €6,060 | €5,071 | -€989 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €1,948 | €21,700 | +€19,752 | +1,014% |
| Income taxes | 67/77 | €461 | €6,290 | +€5,829 | +1,264% |
| Profit (loss) for the period | 9904 | €1,487 | €15,410 | +€13,923 | +936% |
| Profit (loss) for the period to be appropriated | 9905 | €1,487 | €15,410 | +€13,923 | +936% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.