VPLRB: 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.
VPLRB
Largest movements
- Receivables within one year -€16,031
down €16,031 (-64.8%), from €24,753 to €8,722
of which Other amounts receivable: -€15,965
- Tangible fixed assets +€14,466
up €14,466 (+131%), from €11,047 to €25,513
of which Plant, machinery and equipment: +€9,469
- Receivables after one year -€1,754
down €1,754 (-4.6%), from €38,272 to €36,518
- Accrued charges and deferred income +€5,000
new in 2025: €5,000
- Trade debts -€4,009
down €4,009 (-37.4%), from €10,707 to €6,698
- Short-term financial debts -€3,656
down €3,656 (-64.7%), from €5,652 to €1,996
- Current portion of long-term debt -€3,205
no longer reported in 2025 (was €3,205)
- Reserves +€3,000
up €3,000 (+5.8%), from €51,600 to €54,600
- Gross operating margin +€13,441
up €13,441 (+183%), from €7,357 to €20,798
- Depreciation +€9,534
up €9,534 (+212%), from €4,500 to €14,034
- Other operating charges -€1,588
down €1,588 (-49.6%), from €3,198 to €1,610
- Taxes +€1,530
up €1,530 (+294%), from €520 to €2,050
- Financial income -€1,252
down €1,252 (-47.2%), from €2,650 to €1,398
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,071 | €70,752 | -€3,319 | -4.5% |
| Fixed assets | 21/28 | €11,047 | €25,513 | +€14,466 | +131% |
| Tangible fixed assets | 22/27 | €11,047 | €25,513 | +€14,466 | +131% |
| Plant, machinery and equipment | 23 | €11,047 | €20,515 | +€9,469 | +85.7% |
| Furniture and vehicles | 24 | - | €4,997 | +€4,997 | |
| Current assets | 29/58 | €63,024 | €45,239 | -€17,785 | -28.2% |
| Amounts receivable after more than one year | 29 | €38,272 | €36,518 | -€1,754 | -4.6% |
| Other amounts receivable | 291 | €38,272 | €36,518 | -€1,754 | -4.6% |
| Amounts receivable within one year | 40/41 | €24,753 | €8,722 | -€16,031 | -64.8% |
| Trade receivables | 40 | €66 | - | -€66 | |
| Other amounts receivable | 41 | €24,686 | €8,722 | -€15,965 | -64.7% |
| Total equity and liabilities | 10/49 | €74,071 | €70,752 | -€3,319 | -4.5% |
| Equity | 10/15 | €51,790 | €54,877 | +€3,087 | +6.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €51,600 | €54,600 | +€3,000 | +5.8% |
| Distributable reserves | 133 | €51,600 | €54,600 | +€3,000 | +5.8% |
| Profit (loss) carried forward | 14 | €189 | €276 | +€87 | +45.9% |
| Amounts payable | 17/49 | €22,281 | €15,875 | -€6,406 | -28.7% |
| Amounts payable within one year | 42/48 | €22,281 | €10,875 | -€11,406 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €3,205 | - | -€3,205 | |
| Financial debts | 43 | €5,652 | €1,996 | -€3,656 | -64.7% |
| Credit institutions | 430/8 | €5,652 | €1,996 | -€3,656 | -64.7% |
| Trade debts | 44 | €10,707 | €6,698 | -€4,009 | -37.4% |
| Suppliers | 440/4 | €10,707 | €6,698 | -€4,009 | -37.4% |
| Taxes, remuneration and social security | 45 | €2,716 | €2,181 | -€535 | -19.7% |
| Taxes | 450/3 | €2,716 | €2,181 | -€535 | -19.7% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €14,034 | +€9,534 | +212% |
| Other operating charges | 640/8 | €3,198 | €1,610 | -€1,588 | -49.6% |
| Gross operating margin | 9900 | €7,357 | €20,798 | +€13,441 | +183% |
| Operating profit (loss) | 9901 | -€341 | €5,154 | +€5,494 | |
| Financial income | 75/76B | €2,650 | €1,398 | -€1,252 | -47.2% |
| Recurring financial income | 75 | €2,650 | €1,398 | -€1,252 | -47.2% |
| Financial charges | 65/66B | €1,187 | €1,415 | +€228 | +19.2% |
| Recurring financial charges | 65 | €1,187 | €1,415 | +€228 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €1,122 | €5,137 | +€4,015 | +358% |
| Income taxes | 67/77 | €520 | €2,050 | +€1,530 | +294% |
| Profit (loss) for the period | 9904 | €602 | €3,087 | +€2,485 | +413% |
| Profit (loss) for the period to be appropriated | 9905 | €602 | €3,087 | +€2,485 | +413% |
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 15 October 2026 via checked.be.