VPJ: 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.
VPJ
Largest movements
- Cash -€3,136
down €3,136 (-77.0%), from €4,073 to €938
mainly Other debts (-€8,959) and Trade debts (-€3,349)
- Deferred charges and accrued income -€1,198
no longer reported in 2024 (was €1,198)
- Receivables within one year -€612
down €612 (-1.4%), from €43,012 to €42,400
of which Other amounts receivable: -€763
- Other debts -€8,959
down €8,959 (-93.0%), from €9,629 to €670
- Profit (loss) carried forward +€4,189
up €4,189 (+1,270%), from €330 to €4,519
- Trade debts -€3,349
down €3,349 (-8.4%), from €39,635 to €36,286
- Tax, wage and social debts +€2,701
up €2,701 (+2,782%), from €97 to €2,798
- Gross operating margin +€3,808
up €3,808 (+134%), from €2,851 to €6,659
- Other operating charges -€971
down €971 (-58.2%), from €1,666 to €696
- Staff costs +€255
new in 2024: €255
- Financial charges +€235
up €235 (+48.7%), from €483 to €718
of which Financial charges: +€505
- Taxes -€97
no longer reported in 2024 (was €97)
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,941 | €44,522 | -€5,418 | -10.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,157 | €685 | -€472 | -40.8% |
| Tangible fixed assets | 22/27 | €1,157 | €685 | -€472 | -40.8% |
| Plant, machinery and equipment | 23 | €1,157 | €685 | -€472 | -40.8% |
| Current assets | 29/58 | €48,783 | €43,837 | -€4,946 | -10.1% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,012 | €42,400 | -€612 | -1.4% |
| Trade receivables | 40 | €41,807 | €41,958 | +€151 | +0.4% |
| Other amounts receivable | 41 | €1,205 | €441 | -€763 | -63.4% |
| Cash at bank and in hand | 54/58 | €4,073 | €938 | -€3,136 | -77.0% |
| Deferred charges and accrued income | 490/1 | €1,198 | - | -€1,198 | |
| Total equity and liabilities | 10/49 | €49,941 | €44,522 | -€5,418 | -10.8% |
| Equity | 10/15 | €580 | €4,769 | +€4,189 | +722% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Capital | 10 | €250 | €250 | = | 0.0% |
| Issued capital | 100 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330 | €4,519 | +€4,189 | +1,270% |
| Amounts payable | 17/49 | €49,361 | €39,754 | -€9,607 | -19.5% |
| Amounts payable within one year | 42/48 | €49,361 | €39,754 | -€9,607 | -19.5% |
| Trade debts | 44 | €39,635 | €36,286 | -€3,349 | -8.4% |
| Suppliers | 440/4 | €39,635 | €36,286 | -€3,349 | -8.4% |
| Taxes, remuneration and social security | 45 | €97 | €2,798 | +€2,701 | +2,782% |
| Taxes | 450/3 | €97 | €2,798 | +€2,701 | +2,782% |
| Other amounts payable | 47/48 | €9,629 | €670 | -€8,959 | -93.0% |
| Remuneration, social security and pensions | 62 | - | €255 | +€255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €472 | +€36 | +8.3% |
| Other operating charges | 640/8 | €1,666 | €696 | -€971 | -58.2% |
| Gross operating margin | 9900 | €2,851 | €6,659 | +€3,808 | +134% |
| Operating profit (loss) | 9901 | €749 | €5,236 | +€4,488 | +599% |
| Financial income | 75/76B | €90 | €0 | -€90 | -100.0% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100.0% |
| Financial charges | 65/66B | €483 | €718 | +€235 | +48.7% |
| Recurring financial charges | 65 | €149 | €654 | +€505 | +338% |
| Non-recurring financial charges | 66B | €333 | €63 | -€270 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €356 | €4,519 | +€4,162 | +1,168% |
| Income taxes | 67/77 | €97 | - | -€97 | |
| Profit (loss) for the period | 9904 | €259 | €4,519 | +€4,259 | +1,643% |
| Profit (loss) for the period to be appropriated | 9905 | €259 | €4,519 | +€4,259 | +1,643% |
Source: filed annual accounts (NBB), financial years ended 30 December 2023 and 30 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.