VPK BRUSSEL: 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.
VPK BRUSSEL
Largest movements
- Receivables after one year +€59,377
up €59,377 (+79.1%), from €75,038 to €134,415
- Deferred charges and accrued income +€50,035
up €50,035 (+3,515%), from €1,424 to €51,459
- Tangible fixed assets +€43,644
new in 2024: €43,644
- Cash -€40,253
down €40,253 (-77.8%), from €51,738 to €11,484
mainly Receivables after one year (-€59,377) and Investment in fixed assets (net) (-€51,515)
- Receivables within one year -€9,191
no longer reported in 2024 (was €9,191)
- Reserves +€118,639
up €118,639 (+6,378%), from €1,860 to €120,499
of which Tax-exempt reserves: +€118,639
- Profit (loss) carried forward -€88,744
down €88,744 (-76.9%), from €115,373 to €26,628
- Debts after one year +€31,296
new in 2024: €31,296
- Provisions +€23,728
new in 2024: €23,728
- Tax, wage and social debts +€17,911
up €17,911 (+13,619%), from €132 to €18,042
- Taxes +€17,782
up €17,782 (+11,407%), from €156 to €17,938
- Gross operating margin -€16,564
down €16,564 (-16.6%), from €99,975 to €83,411
- Depreciation +€7,871
up €7,871 (+4,016%), from €196 to €8,067
- Financial charges -€3,488
down €3,488 (-49.0%), from €7,116 to €3,628
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 | €138,661 | €242,077 | +€103,416 | +74.6% |
| Fixed assets | 21/28 | €1,271 | €44,719 | +€43,448 | +3,418% |
| Intangible fixed assets | 21 | €1,271 | €1,075 | -€196 | -15.4% |
| Tangible fixed assets | 22/27 | - | €43,644 | +€43,644 | |
| Furniture and vehicles | 24 | - | €43,644 | +€43,644 | |
| Current assets | 29/58 | €137,390 | €197,358 | +€59,968 | +43.6% |
| Amounts receivable after more than one year | 29 | €75,038 | €134,415 | +€59,377 | +79.1% |
| Other amounts receivable | 291 | €75,038 | €134,415 | +€59,377 | +79.1% |
| Amounts receivable within one year | 40/41 | €9,191 | - | -€9,191 | |
| Trade receivables | 40 | €9,191 | - | -€9,191 | |
| Cash at bank and in hand | 54/58 | €51,738 | €11,484 | -€40,253 | -77.8% |
| Deferred charges and accrued income | 490/1 | €1,424 | €51,459 | +€50,035 | +3,515% |
| Total equity and liabilities | 10/49 | €138,661 | €242,077 | +€103,416 | +74.6% |
| Equity | 10/15 | €129,633 | €159,527 | +€29,894 | +23.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €120,499 | +€118,639 | +6,378% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €118,639 | +€118,639 | |
| Profit (loss) carried forward | 14 | €115,373 | €26,628 | -€88,744 | -76.9% |
| Provisions and deferred taxes | 16 | - | €23,728 | +€23,728 | |
| Deferred taxes | 168 | - | €23,728 | +€23,728 | |
| Amounts payable | 17/49 | €9,029 | €58,822 | +€49,794 | +552% |
| Amounts payable after more than one year | 17 | - | €31,296 | +€31,296 | |
| Financial debts | 170/4 | - | €31,296 | +€31,296 | |
| Amounts payable within one year | 42/48 | €9,029 | €27,526 | +€18,498 | +205% |
| Current portion of amounts payable after more than one year | 42 | - | €6,615 | +€6,615 | |
| Trade debts | 44 | €8,897 | €2,869 | -€6,028 | -67.8% |
| Suppliers | 440/4 | €8,897 | €2,869 | -€6,028 | -67.8% |
| Taxes, remuneration and social security | 45 | €132 | €18,042 | +€17,911 | +13,619% |
| Taxes | 450/3 | €132 | €18,042 | +€17,911 | +13,619% |
| Non-recurring operating income | 76A | €112,089 | - | -€112,089 | |
| Remuneration, social security and pensions | 62 | €988 | - | -€988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196 | €8,067 | +€7,871 | +4,016% |
| Other operating charges | 640/8 | €3,171 | €2,757 | -€415 | -13.1% |
| Gross operating margin | 9900 | €99,975 | €83,411 | -€16,564 | -16.6% |
| Operating profit (loss) | 9901 | €95,620 | €72,588 | -€23,032 | -24.1% |
| Financial income | 75/76B | €3,040 | €2,600 | -€440 | -14.5% |
| Recurring financial income | 75 | €3,040 | €2,600 | -€440 | -14.5% |
| Financial charges | 65/66B | €7,116 | €3,628 | -€3,488 | -49.0% |
| Recurring financial charges | 65 | €7,116 | €3,628 | -€3,488 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €91,544 | €71,560 | -€19,984 | -21.8% |
| Income taxes | 67/77 | €156 | €17,938 | +€17,782 | +11,407% |
| Profit (loss) for the period | 9904 | €91,388 | €53,622 | -€37,766 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,388 | €53,622 | -€37,766 | -41.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.