VPP 3.0: 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.
VPP 3.0
Largest movements
- Cash +€235,778
up €235,778 (+1215.0%), from €19,405 to €255,183
mainly Net result for the year (+€311,430) and Accrued charges and deferred income (+€3,467)
- Reserves +€311,430
up €311,430 (+615.0%), from €50,639 to €362,069
- Debts after one year -€75,318
down €75,318 (-11.6%), from €651,197 to €575,879
- Financial income +€201,703
up €201,703 (+258593.4%), from €78 to €201,781
- Gross operating margin +€83,177
up €83,177 (+100.1%), from €83,118 to €166,295
- Taxes +€17,605
up €17,605 (+136.8%), from €12,872 to €30,477
- Financial charges +€6,379
up €6,379 (+33.4%), from €19,100 to €25,479
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 | €1,055,630 | €1,288,877 | +€233,247 | +22.1% |
| Fixed assets | 21/28 | €1,030,030 | €1,030,030 | = | 0.0% |
| Financial fixed assets | 28 | €1,030,030 | €1,030,030 | = | 0.0% |
| Current assets | 29/58 | €25,600 | €258,847 | +€233,247 | +911.1% |
| Amounts receivable within one year | 40/41 | €6,140 | €3,664 | -€2,476 | -40.3% |
| Trade receivables | 40 | - | €1,453 | +€1,453 | |
| Other amounts receivable | 41 | €6,140 | €2,211 | -€3,929 | -64.0% |
| Current investments | 50/53 | €55 | - | -€55 | |
| Cash at bank and in hand | 54/58 | €19,405 | €255,183 | +€235,778 | +1215.0% |
| Total equity and liabilities | 10/49 | €1,055,630 | €1,288,877 | +€233,247 | +22.1% |
| Equity | 10/15 | €300,639 | €612,069 | +€311,430 | +103.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €50,639 | €362,069 | +€311,430 | +615.0% |
| Distributable reserves | 133 | €50,639 | €362,069 | +€311,430 | +615.0% |
| Amounts payable | 17/49 | €754,991 | €676,808 | -€78,183 | -10.4% |
| Amounts payable after more than one year | 17 | €651,197 | €575,879 | -€75,318 | -11.6% |
| Financial debts | 170/4 | €651,197 | €575,879 | -€75,318 | -11.6% |
| Amounts payable within one year | 42/48 | €98,240 | €91,908 | -€6,332 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €84,568 | €87,489 | +€2,921 | +3.5% |
| Financial debts | 43 | €1,292 | €0 | -€1,292 | -100.0% |
| Credit institutions | 430/8 | €1,292 | €0 | -€1,292 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,380 | €4,420 | +€2,040 | +85.7% |
| Taxes | 450/3 | €2,380 | €4,420 | +€2,040 | +85.7% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,554 | €9,021 | +€3,467 | +62.4% |
| Other operating charges | 640/8 | €585 | €690 | +€105 | +18.0% |
| Gross operating margin | 9900 | €83,118 | €166,295 | +€83,177 | +100.1% |
| Operating profit (loss) | 9901 | €82,533 | €165,605 | +€83,072 | +100.7% |
| Financial income | 75/76B | €78 | €201,781 | +€201,703 | +258593.4% |
| Recurring financial income | 75 | €78 | €201,781 | +€201,703 | +258593.4% |
| Financial charges | 65/66B | €19,100 | €25,479 | +€6,379 | +33.4% |
| Recurring financial charges | 65 | €19,100 | €25,479 | +€6,379 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €63,511 | €341,907 | +€278,396 | +438.3% |
| Income taxes | 67/77 | €12,872 | €30,477 | +€17,605 | +136.8% |
| Profit (loss) for the period | 9904 | €50,639 | €311,430 | +€260,791 | +515.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,639 | €311,430 | +€260,791 | +515.0% |
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 8 October 2026 via checked.be.