VP Stars: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VP Stars
Largest movements
- Cash +€809,978
up €809,978 (+1,584%), from €51,140 to €861,118
mainly Net result for the year (+€910,799) and Stocks and contracts (+€287,250)
- Stocks and contracts -€287,250
down €287,250 (-57.8%), from €497,250 to €210,000
- Tangible fixed assets +€45,782
up €45,782 (+23.1%), from €197,964 to €243,746
of which Land and buildings: +€66,954
- Receivables within one year -€31,008
down €31,008 (-23.8%), from €130,309 to €99,301
of which Other amounts receivable: -€31,008
- Profit (loss) carried forward +€910,799
up €910,799, from -€651,788 to €259,011
- Other debts -€404,319
down €404,319 (-27.1%), from €1.5m to €1.1m
- Debts after one year +€46,864
new in 2025: €46,864
- Accrued charges and deferred income -€20,000
no longer reported in 2025 (was €20,000)
- Gross operating margin +€1.5m
up €1.5m, from -€178,068 to €1.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €877,936 | €1,415,186 | +€537,250 | +61.2% |
| Formation expenses | 20 | €1,274 | €1,019 | -€255 | -20.0% |
| Fixed assets | 21/28 | €197,964 | €243,746 | +€45,782 | +23.1% |
| Tangible fixed assets | 22/27 | €197,964 | €243,746 | +€45,782 | +23.1% |
| Land and buildings | 22 | - | €66,954 | +€66,954 | |
| Plant, machinery and equipment | 23 | €59,081 | €46,029 | -€13,052 | -22.1% |
| Furniture and vehicles | 24 | €124,000 | €123,316 | -€684 | -0.6% |
| Assets under construction and advance payments | 27 | €14,883 | €7,447 | -€7,436 | -50.0% |
| Current assets | 29/58 | €678,699 | €1,170,421 | +€491,722 | +72.5% |
| Stocks and contracts in progress | 3 | €497,250 | €210,000 | -€287,250 | -57.8% |
| Stocks | 30/36 | €497,250 | €210,000 | -€287,250 | -57.8% |
| Amounts receivable within one year | 40/41 | €130,309 | €99,301 | -€31,008 | -23.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €130,309 | €99,301 | -€31,008 | -23.8% |
| Cash at bank and in hand | 54/58 | €51,140 | €861,118 | +€809,978 | +1,584% |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €877,936 | €1,415,186 | +€537,250 | +61.2% |
| Equity | 10/15 | -€646,788 | €264,011 | +€910,799 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€651,788 | €259,011 | +€910,799 | |
| Amounts payable | 17/49 | €1,524,724 | €1,151,175 | -€373,549 | -24.5% |
| Amounts payable after more than one year | 17 | - | €46,864 | +€46,864 | |
| Financial debts | 170/4 | - | €46,864 | +€46,864 | |
| Amounts payable within one year | 42/48 | €1,504,724 | €1,104,311 | -€400,413 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,291 | +€11,291 | |
| Trade debts | 44 | €15,206 | €7,821 | -€7,385 | -48.6% |
| Suppliers | 440/4 | €15,206 | €7,821 | -€7,385 | -48.6% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,489,518 | €1,085,199 | -€404,319 | -27.1% |
| Accrued charges and deferred income | 492/3 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €44,879 | €36,370 | -€8,509 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,582 | €93,184 | +€11,602 | +14.2% |
| Other operating charges | 640/8 | €3,891 | €11,029 | +€7,138 | +183% |
| Non-recurring operating charges | 66A | - | €287,250 | +€287,250 | |
| Gross operating margin | 9900 | -€178,068 | €1,340,751 | +€1.5m | |
| Operating profit (loss) | 9901 | -€308,420 | €912,918 | +€1.2m | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €893 | €2,119 | +€1,226 | +137% |
| Recurring financial charges | 65 | €893 | €2,119 | +€1,226 | +137% |
| Profit (loss) for the period before taxes | 9903 | -€309,313 | €910,799 | +€1.2m | |
| Profit (loss) for the period | 9904 | -€309,313 | €910,799 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€309,313 | €910,799 | +€1.2m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.