Vpattn: 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.
Vpattn
Largest movements
- Cash -€115,477
down €115,477 (-74.2%), from €155,689 to €40,213
mainly Contributions, distributions and other (-€82,350) and Investment in fixed assets (net) (-€81,182)
- Tangible fixed assets +€63,784
up €63,784 (+906.1%), from €7,040 to €70,824
- Deferred charges and accrued income +€46,237
up €46,237 (+663.8%), from €6,966 to €53,203
- Receivables within one year +€11,613
up €11,613, from €0 to €11,613
of which Other amounts receivable: +€11,613
- Other debts -€61,044
down €61,044 (-43.5%), from €140,293 to €79,249
- Debts after one year +€45,273
new in 2025: €45,273
- Current portion of long-term debt +€13,824
new in 2025: €13,824
- Tax, wage and social debts +€4,901
up €4,901 (+65.8%), from €7,451 to €12,352
of which Taxes: +€4,901
- Trade debts +€4,686
up €4,686 (+326.5%), from €1,435 to €6,121
- Gross operating margin -€68,528
down €68,528 (-35.9%), from €190,690 to €122,162
- Taxes -€24,064
down €24,064 (-56.7%), from €42,451 to €18,387
- Depreciation +€12,734
up €12,734 (+273.1%), from €4,663 to €17,398
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 | €169,695 | €175,853 | +€6,158 | +3.6% |
| Fixed assets | 21/28 | €7,040 | €70,824 | +€63,784 | +906.1% |
| Tangible fixed assets | 22/27 | €7,040 | €70,824 | +€63,784 | +906.1% |
| Furniture and vehicles | 24 | €7,040 | €70,824 | +€63,784 | +906.1% |
| Current assets | 29/58 | €162,655 | €105,029 | -€57,626 | -35.4% |
| Amounts receivable within one year | 40/41 | €0 | €11,613 | +€11,613 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €11,613 | +€11,613 | |
| Cash at bank and in hand | 54/58 | €155,689 | €40,213 | -€115,477 | -74.2% |
| Deferred charges and accrued income | 490/1 | €6,966 | €53,203 | +€46,237 | +663.8% |
| Total equity and liabilities | 10/49 | €169,695 | €175,853 | +€6,158 | +3.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €151,095 | €157,253 | +€6,158 | +4.1% |
| Amounts payable after more than one year | 17 | - | €45,273 | +€45,273 | |
| Financial debts | 170/4 | - | €45,273 | +€45,273 | |
| Amounts payable within one year | 42/48 | €151,095 | €111,981 | -€39,115 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,824 | +€13,824 | |
| Financial debts | 43 | €1,916 | €434 | -€1,482 | -77.3% |
| Credit institutions | 430/8 | €1,916 | €434 | -€1,482 | -77.3% |
| Trade debts | 44 | €1,435 | €6,121 | +€4,686 | +326.5% |
| Suppliers | 440/4 | €1,435 | €6,121 | +€4,686 | +326.5% |
| Taxes, remuneration and social security | 45 | €7,451 | €12,352 | +€4,901 | +65.8% |
| Taxes | 450/3 | €7,451 | €12,352 | +€4,901 | +65.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €140,293 | €79,249 | -€61,044 | -43.5% |
| Non-recurring operating income | 76A | - | €21,267 | +€21,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,663 | €17,398 | +€12,734 | +273.1% |
| Other operating charges | 640/8 | €420 | €1,625 | +€1,205 | +286.9% |
| Gross operating margin | 9900 | €190,690 | €122,162 | -€68,528 | -35.9% |
| Operating profit (loss) | 9901 | €185,606 | €103,139 | -€82,467 | -44.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,895 | €2,402 | -€1,493 | -38.3% |
| Recurring financial charges | 65 | €3,895 | €2,402 | -€1,493 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €181,711 | €100,737 | -€80,974 | -44.6% |
| Income taxes | 67/77 | €42,451 | €18,387 | -€24,064 | -56.7% |
| Profit (loss) for the period | 9904 | €139,260 | €82,350 | -€56,910 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €139,260 | €82,350 | -€56,910 | -40.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.