VP SOLUTION: 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 SOLUTION
Largest movements
- Stocks and contracts +€74,310
up €74,310 (+58.4%), from €127,198 to €201,508
- Receivables within one year +€11,196
up €11,196 (+44.8%), from €25,000 to €36,196
of which Trade receivables: +€9,696
- Intangible fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Trade debts +€96,617
up €96,617 (+2,913%), from €3,316 to €99,933
- Profit (loss) carried forward -€12,466
down €12,466 (-19.2%), from -€64,820 to -€77,286
- Other debts -€10,156
down €10,156 (-6.0%), from €169,660 to €159,504
- Tax, wage and social debts +€8,565
up €8,565 (+38.9%), from €22,011 to €30,576
- Gross operating margin -€1,575
down €1,575 (-23.1%), from -€6,812 to -€8,387
- Financial charges -€251
down €251 (-97.7%), from €257 to €6
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 | €166,345 | €246,627 | +€80,282 | +48.3% |
| Fixed assets | 21/28 | €4,773 | €702 | -€4,071 | -85.3% |
| Intangible fixed assets | 21 | €3,000 | - | -€3,000 | |
| Tangible fixed assets | 22/27 | €1,773 | €702 | -€1,071 | -60.4% |
| Plant, machinery and equipment | 23 | €1,773 | €702 | -€1,071 | -60.4% |
| Current assets | 29/58 | €161,571 | €245,925 | +€84,354 | +52.2% |
| Stocks and contracts in progress | 3 | €127,198 | €201,508 | +€74,310 | +58.4% |
| Stocks | 30/36 | €127,198 | €201,508 | +€74,310 | +58.4% |
| Amounts receivable within one year | 40/41 | €25,000 | €36,196 | +€11,196 | +44.8% |
| Trade receivables | 40 | - | €9,696 | +€9,696 | |
| Other amounts receivable | 41 | €25,000 | €26,500 | +€1,500 | +6.0% |
| Cash at bank and in hand | 54/58 | €1,580 | €427 | -€1,153 | -73.0% |
| Deferred charges and accrued income | 490/1 | €7,794 | €7,794 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €166,345 | €246,627 | +€80,282 | +48.3% |
| Equity | 10/15 | -€34,820 | -€47,286 | -€12,466 | -35.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,820 | -€77,286 | -€12,466 | -19.2% |
| Amounts payable | 17/49 | €201,165 | €293,913 | +€92,748 | +46.1% |
| Amounts payable within one year | 42/48 | €198,887 | €293,913 | +€95,026 | +47.8% |
| Trade debts | 44 | €3,316 | €99,933 | +€96,617 | +2,913% |
| Suppliers | 440/4 | €3,316 | €99,933 | +€96,617 | +2,913% |
| Advances received on contracts in progress | 46 | €3,900 | €3,900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,011 | €30,576 | +€8,565 | +38.9% |
| Taxes | 450/3 | €22,011 | €30,576 | +€8,565 | +38.9% |
| Other amounts payable | 47/48 | €169,660 | €159,504 | -€10,156 | -6.0% |
| Accrued charges and deferred income | 492/3 | €2,278 | - | -€2,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,072 | €4,072 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€6,812 | -€8,387 | -€1,575 | -23.1% |
| Operating profit (loss) | 9901 | -€10,884 | -€12,459 | -€1,575 | -14.5% |
| Financial charges | 65/66B | €257 | €6 | -€251 | -97.7% |
| Recurring financial charges | 65 | €257 | €6 | -€251 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,140 | -€12,465 | -€1,325 | -11.9% |
| Profit (loss) for the period | 9904 | -€11,140 | -€12,465 | -€1,325 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,140 | -€12,465 | -€1,325 | -11.9% |
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.