VPL COMMUNICATION: 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.
VPL COMMUNICATION
Largest movements
- Intangible fixed assets -€7,500
down €7,500 (-12.5%), from €60,021 to €52,521
- Tangible fixed assets -€3,145
down €3,145 (-19.9%), from €15,774 to €12,630
of which Furniture and vehicles: -€3,099
- Receivables within one year -€2,638
down €2,638 (-22.2%), from €11,907 to €9,268
of which Other amounts receivable: -€2,738
- Debts after one year -€9,075
down €9,075 (-24.7%), from €36,683 to €27,608
- Other debts -€4,993
down €4,993 (-23.4%), from €21,322 to €16,329
- Current portion of long-term debt -€4,607
down €4,607 (-33.7%), from €13,682 to €9,075
- Tax, wage and social debts +€4,352
up €4,352 (+67.3%), from €6,466 to €10,818
of which Taxes: +€3,249
- Trade debts -€1,404
down €1,404 (-17.4%), from €8,049 to €6,646
- Staff costs -€2,600
down €2,600 (-20.4%), from €12,773 to €10,174
- Financial charges -€2,368
down €2,368 (-49.2%), from €4,818 to €2,450
- Depreciation +€1,687
up €1,687 (+15.9%), from €10,593 to €12,280
- Taxes +€1,290
up €1,290 (+104.9%), from €1,230 to €2,521
- Gross operating margin +€1,126
up €1,126 (+4.0%), from €28,488 to €29,614
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 | €90,728 | €76,183 | -€14,545 | -16.0% |
| Fixed assets | 21/28 | €76,795 | €66,150 | -€10,645 | -13.9% |
| Intangible fixed assets | 21 | €60,021 | €52,521 | -€7,500 | -12.5% |
| Tangible fixed assets | 22/27 | €15,774 | €12,630 | -€3,145 | -19.9% |
| Furniture and vehicles | 24 | €14,305 | €11,206 | -€3,099 | -21.7% |
| Other tangible fixed assets | 26 | €1,469 | €1,424 | -€45 | -3.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €13,933 | €10,033 | -€3,900 | -28.0% |
| Amounts receivable within one year | 40/41 | €11,907 | €9,268 | -€2,638 | -22.2% |
| Trade receivables | 40 | €5,567 | €5,666 | +€99 | +1.8% |
| Other amounts receivable | 41 | €6,340 | €3,602 | -€2,738 | -43.2% |
| Cash at bank and in hand | 54/58 | €671 | €52 | -€620 | -92.3% |
| Deferred charges and accrued income | 490/1 | €1,355 | €713 | -€642 | -47.4% |
| Total equity and liabilities | 10/49 | €90,728 | €76,183 | -€14,545 | -16.0% |
| Equity | 10/15 | €4,502 | €5,339 | +€837 | +18.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €750 | €1,800 | +€1,050 | +140.0% |
| Distributable reserves | 133 | €750 | €1,800 | +€1,050 | +140.0% |
| Profit (loss) carried forward | 14 | €252 | €39 | -€213 | -84.5% |
| Amounts payable | 17/49 | €86,226 | €70,844 | -€15,382 | -17.8% |
| Amounts payable after more than one year | 17 | €36,683 | €27,608 | -€9,075 | -24.7% |
| Financial debts | 170/4 | €36,683 | €27,608 | -€9,075 | -24.7% |
| Amounts payable within one year | 42/48 | €49,519 | €42,867 | -€6,652 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €13,682 | €9,075 | -€4,607 | -33.7% |
| Trade debts | 44 | €8,049 | €6,646 | -€1,404 | -17.4% |
| Suppliers | 440/4 | €8,049 | €6,646 | -€1,404 | -17.4% |
| Taxes, remuneration and social security | 45 | €6,466 | €10,818 | +€4,352 | +67.3% |
| Taxes | 450/3 | €3,019 | €6,269 | +€3,249 | +107.6% |
| Remuneration and social security | 454/9 | €3,447 | €4,549 | +€1,103 | +32.0% |
| Other amounts payable | 47/48 | €21,322 | €16,329 | -€4,993 | -23.4% |
| Accrued charges and deferred income | 492/3 | €24 | €369 | +€345 | +1447.1% |
| Non-recurring operating income | 76A | - | €86 | +€86 | |
| Remuneration, social security and pensions | 62 | €12,773 | €10,174 | -€2,600 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,593 | €12,280 | +€1,687 | +15.9% |
| Other operating charges | 640/8 | €1,061 | €914 | -€147 | -13.8% |
| Non-recurring operating charges | 66A | - | €442 | +€442 | |
| Gross operating margin | 9900 | €28,488 | €29,614 | +€1,126 | +4.0% |
| Operating profit (loss) | 9901 | €4,062 | €5,804 | +€1,743 | +42.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +893.8% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +893.8% |
| Financial charges | 65/66B | €4,818 | €2,450 | -€2,368 | -49.2% |
| Recurring financial charges | 65 | €4,818 | €2,450 | -€2,368 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | -€756 | €3,357 | +€4,114 | |
| Income taxes | 67/77 | €1,230 | €2,521 | +€1,290 | +104.9% |
| Profit (loss) for the period | 9904 | -€1,987 | €837 | +€2,823 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,987 | €837 | +€2,823 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.