VP-SP: 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-SP
Largest movements
- Tangible fixed assets +€30,259
up €30,259 (+452.4%), from €6,689 to €36,948
- Receivables within one year +€3,108
up €3,108 (+135.0%), from €2,302 to €5,410
of which Other amounts receivable: +€1,602
- Debts after one year +€33,177
up €33,177 (+1224.6%), from €2,709 to €35,886
- Profit (loss) carried forward +€2,096
up €2,096 (+19.1%), from -€10,949 to -€8,853
- Tax, wage and social debts -€657
down €657 (-100.0%), from €657 to €0
- Depreciation -€2,474
down €2,474 (-90.3%), from €2,740 to €266
- Other operating charges +€1,312
up €1,312 (+210.7%), from €623 to €1,935
- Gross operating margin -€410
down €410 (-7.3%), from €5,612 to €5,202
- Taxes +€205
up €205 (+31.9%), from €641 to €845
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 | €12,531 | €46,294 | +€33,763 | +269.4% |
| Fixed assets | 21/28 | €6,739 | €36,998 | +€30,259 | +449.0% |
| Tangible fixed assets | 22/27 | €6,689 | €36,948 | +€30,259 | +452.4% |
| Furniture and vehicles | 24 | €6,689 | €36,948 | +€30,259 | +452.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €5,792 | €9,296 | +€3,504 | +60.5% |
| Amounts receivable within one year | 40/41 | €2,302 | €5,410 | +€3,108 | +135.0% |
| Trade receivables | 40 | €2,302 | €3,808 | +€1,506 | +65.4% |
| Other amounts receivable | 41 | - | €1,602 | +€1,602 | |
| Cash at bank and in hand | 54/58 | €3,274 | €3,477 | +€203 | +6.2% |
| Deferred charges and accrued income | 490/1 | €216 | €409 | +€193 | +89.1% |
| Total equity and liabilities | 10/49 | €12,531 | €46,294 | +€33,763 | +269.4% |
| Equity | 10/15 | €7,713 | €9,809 | +€2,096 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62 | €62 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62 | €62 | = | 0.0% |
| Reserves not available under the articles | 1311 | €62 | €62 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,949 | -€8,853 | +€2,096 | +19.1% |
| Amounts payable | 17/49 | €4,818 | €36,485 | +€31,667 | +657.2% |
| Amounts payable after more than one year | 17 | €2,709 | €35,886 | +€33,177 | +1224.6% |
| Financial debts | 170/4 | €2,709 | €35,886 | +€33,177 | +1224.6% |
| Amounts payable within one year | 42/48 | €1,706 | €599 | -€1,107 | -64.9% |
| Trade debts | 44 | €999 | €549 | -€450 | -45.0% |
| Suppliers | 440/4 | €999 | €549 | -€450 | -45.0% |
| Taxes, remuneration and social security | 45 | €657 | €0 | -€657 | -100.0% |
| Taxes | 450/3 | €657 | €0 | -€657 | -100.0% |
| Other amounts payable | 47/48 | €50 | €50 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €403 | €0 | -€403 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,740 | €266 | -€2,474 | -90.3% |
| Other operating charges | 640/8 | €623 | €1,935 | +€1,312 | +210.7% |
| Gross operating margin | 9900 | €5,612 | €5,202 | -€410 | -7.3% |
| Operating profit (loss) | 9901 | €2,249 | €3,001 | +€752 | +33.4% |
| Financial income | 75/76B | €8 | €19 | +€10 | +122.6% |
| Recurring financial income | 75 | €8 | €19 | +€10 | +122.6% |
| Financial charges | 65/66B | €58 | €78 | +€20 | +34.8% |
| Recurring financial charges | 65 | €58 | €78 | +€20 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €2,199 | €2,941 | +€742 | +33.7% |
| Income taxes | 67/77 | €641 | €845 | +€205 | +31.9% |
| Profit (loss) for the period | 9904 | €1,559 | €2,096 | +€537 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,559 | €2,096 | +€537 | +34.5% |
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 3 October 2026 via checked.be.