VPA Service: what changed
VPA Service
Largest movements
- Tangible fixed assets +€35,669
up €35,669 (+59.5%), from €59,939 to €95,608
- Cash +€20,347
up €20,347 (+40.0%), from €50,920 to €71,267
mainly Debts after one year (+€69,550) and Net result for the year (+€30,110)
- Receivables within one year +€10,304
up €10,304 (+47.2%), from €21,849 to €32,153
of which Trade receivables: +€9,693
- Debts after one year +€69,550
up €69,550 (+100%), from €69,212 to €138,763
of which Other amounts payable: +€41,786
- Profit (loss) carried forward -€20,448
down €20,448 (-40.4%), from €50,558 to €30,110
- Current portion of long-term debt +€8,679
up €8,679 (+80.5%), from €10,782 to €19,461
- Trade debts +€3,583
up €3,583 (+62.0%), from €5,783 to €9,366
- Tax, wage and social debts +€2,424
up €2,424 (+343%), from €706 to €3,131
- Gross operating margin +€10,078
up €10,078 (+16.8%), from €59,979 to €70,057
- Taxes +€2,807
up €2,807 (+32.9%), from €8,535 to €11,342
- Depreciation -€2,617
down €2,617 (-9.5%), from €27,448 to €24,831
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 | €138,041 | €201,831 | +€63,790 | +46.2% |
| Fixed assets | 21/28 | €59,939 | €95,608 | +€35,669 | +59.5% |
| Tangible fixed assets | 22/27 | €59,939 | €95,608 | +€35,669 | +59.5% |
| Furniture and vehicles | 24 | €59,939 | €95,608 | +€35,669 | +59.5% |
| Current assets | 29/58 | €78,102 | €106,223 | +€28,120 | +36.0% |
| Stocks and contracts in progress | 3 | €3,566 | €2,803 | -€763 | -21.4% |
| Stocks | 30/36 | €3,566 | €2,803 | -€763 | -21.4% |
| Amounts receivable within one year | 40/41 | €21,849 | €32,153 | +€10,304 | +47.2% |
| Trade receivables | 40 | €17,349 | €27,042 | +€9,693 | +55.9% |
| Other amounts receivable | 41 | €4,500 | €5,111 | +€611 | +13.6% |
| Cash at bank and in hand | 54/58 | €50,920 | €71,267 | +€20,347 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,767 | - | -€1,767 | |
| Total equity and liabilities | 10/49 | €138,041 | €201,831 | +€63,790 | +46.2% |
| Equity | 10/15 | €51,558 | €31,110 | -€20,448 | -39.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,558 | €30,110 | -€20,448 | -40.4% |
| Amounts payable | 17/49 | €86,483 | €170,720 | +€84,237 | +97.4% |
| Amounts payable after more than one year | 17 | €69,212 | €138,763 | +€69,550 | +100% |
| Financial debts | 170/4 | €29,038 | €56,802 | +€27,764 | +95.6% |
| Other amounts payable | 178/9 | €40,174 | €81,960 | +€41,786 | +104% |
| Amounts payable within one year | 42/48 | €17,271 | €31,958 | +€14,687 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | €10,782 | €19,461 | +€8,679 | +80.5% |
| Trade debts | 44 | €5,783 | €9,366 | +€3,583 | +62.0% |
| Suppliers | 440/4 | €5,783 | €9,366 | +€3,583 | +62.0% |
| Taxes, remuneration and social security | 45 | €706 | €3,131 | +€2,424 | +343% |
| Taxes | 450/3 | €706 | €3,131 | +€2,424 | +343% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,448 | €24,831 | -€2,617 | -9.5% |
| Other operating charges | 640/8 | €1,423 | €1,416 | -€7 | -0.5% |
| Gross operating margin | 9900 | €59,979 | €70,057 | +€10,078 | +16.8% |
| Operating profit (loss) | 9901 | €31,108 | €43,810 | +€12,702 | +40.8% |
| Financial charges | 65/66B | €2,283 | €2,358 | +€75 | +3.3% |
| Recurring financial charges | 65 | €2,283 | €2,358 | +€75 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €28,825 | €41,452 | +€12,627 | +43.8% |
| Income taxes | 67/77 | €8,535 | €11,342 | +€2,807 | +32.9% |
| Profit (loss) for the period | 9904 | €20,290 | €30,110 | +€9,820 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,290 | €30,110 | +€9,820 | +48.4% |
Next steps
Calculation and sources
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 7 November 2026 via checked.be.