VP VENTURES: 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 VENTURES
Largest movements
- Financial fixed assets -€1.9m
down €1.9m (-71.3%), from €2.6m to €761,737
- Current investments -€447,497
down €447,497 (-74.1%), from €604,285 to €156,788
- Revaluation surpluses -€2.2m
down €2.2m (-81.6%), from €2.7m to €499,639
- Reserves -€129,412
down €129,412 (-24.9%), from €519,418 to €390,006
of which Distributable reserves: -€129,412
- Financial income -€114,941
down €114,941 (-99.9%), from €115,031 to €90
of which Non-recurring financial income: -€114,204
- Financial charges +€111,148
up €111,148 (+717.8%), from €15,485 to €126,633
of which Non-recurring financial charges: +€125,265
- Gross operating margin +€1,423
up €1,423 (+46.0%), from -€3,093 to -€1,670
- Other operating charges -€183
down €183 (-13.3%), from €1,383 to €1,199
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 | €3,306,725 | €960,239 | -€2.3m | -71.0% |
| Fixed assets | 21/28 | €2,649,521 | €761,737 | -€1.9m | -71.3% |
| Financial fixed assets | 28 | €2,649,521 | €761,737 | -€1.9m | -71.3% |
| Current assets | 29/58 | €657,205 | €198,502 | -€458,703 | -69.8% |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Current investments | 50/53 | €604,285 | €156,788 | -€447,497 | -74.1% |
| Cash at bank and in hand | 54/58 | €52,919 | €39,213 | -€13,706 | -25.9% |
| Total equity and liabilities | 10/49 | €3,306,725 | €960,239 | -€2.3m | -71.0% |
| Equity | 10/15 | €3,305,990 | €959,645 | -€2.3m | -71.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,716,573 | €499,639 | -€2.2m | -81.6% |
| Reserves | 13 | €519,418 | €390,006 | -€129,412 | -24.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €512,418 | €383,006 | -€129,412 | -25.3% |
| Amounts payable | 17/49 | €735 | €594 | -€141 | -19.1% |
| Amounts payable within one year | 42/48 | €735 | €594 | -€141 | -19.1% |
| Trade debts | 44 | €141 | - | -€141 | |
| Suppliers | 440/4 | €141 | - | -€141 | |
| Other amounts payable | 47/48 | €594 | €594 | = | 0.0% |
| Other operating charges | 640/8 | €1,383 | €1,199 | -€183 | -13.3% |
| Gross operating margin | 9900 | -€3,093 | -€1,670 | +€1,423 | +46.0% |
| Operating profit (loss) | 9901 | -€4,476 | -€2,869 | +€1,607 | +35.9% |
| Financial income | 75/76B | €115,031 | €90 | -€114,941 | -99.9% |
| Recurring financial income | 75 | €827 | €90 | -€737 | -89.1% |
| Non-recurring financial income | 76B | €114,204 | - | -€114,204 | |
| Financial charges | 65/66B | €15,485 | €126,633 | +€111,148 | +717.8% |
| Recurring financial charges | 65 | €15,485 | €1,368 | -€14,117 | -91.2% |
| Non-recurring financial charges | 66B | - | €125,265 | +€125,265 | |
| Profit (loss) for the period before taxes | 9903 | €95,070 | -€129,412 | -€224,482 | |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | €95,070 | -€129,412 | -€224,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,070 | -€129,412 | -€224,482 |
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 11 October 2026 via checked.be.