VPRE: what changed
VPRE
Largest movements
- Cash -€3,935
down €3,935 (-37.3%), from €10,555 to €6,620
mainly Net result for the year (-€5,369) and Tax, wage and social debts (-€287)
- Reserves -€5,369
down €5,369 (-28.3%), from €18,999 to €13,630
- Gross operating margin +€462
up €462 (+11.7%), from -€3,967 to -€3,505
- Financial income +€287
new in 2025: €287
- Other operating charges +€69
up €69 (+3.6%), from €1,931 to €2,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,221 | €238,566 | -€5,655 | -2.3% |
| Current assets | 29/58 | €244,221 | €238,566 | -€5,655 | -2.3% |
| Stocks and contracts in progress | 3 | €231,946 | €231,946 | = | 0.0% |
| Stocks | 30/36 | €231,946 | €231,946 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,720 | - | -€1,720 | |
| Trade receivables | 40 | €1,311 | - | -€1,311 | |
| Other amounts receivable | 41 | €409 | - | -€409 | |
| Cash at bank and in hand | 54/58 | €10,555 | €6,620 | -€3,935 | -37.3% |
| Total equity and liabilities | 10/49 | €244,221 | €238,566 | -€5,655 | -2.3% |
| Equity | 10/15 | €21,499 | €16,130 | -€5,369 | -25.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,999 | €13,630 | -€5,369 | -28.3% |
| Distributable reserves | 133 | €18,999 | €13,630 | -€5,369 | -28.3% |
| Amounts payable | 17/49 | €222,722 | €222,436 | -€287 | -0.1% |
| Amounts payable within one year | 42/48 | €213,850 | €213,563 | -€287 | -0.1% |
| Taxes, remuneration and social security | 45 | €2,350 | €2,063 | -€287 | -12.2% |
| Taxes | 450/3 | €2,350 | €2,063 | -€287 | -12.2% |
| Other amounts payable | 47/48 | €211,500 | €211,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,872 | €8,872 | = | 0.0% |
| Other operating charges | 640/8 | €1,931 | €2,000 | +€69 | +3.6% |
| Gross operating margin | 9900 | -€3,967 | -€3,505 | +€462 | +11.7% |
| Operating profit (loss) | 9901 | -€5,898 | -€5,505 | +€393 | +6.7% |
| Financial income | 75/76B | - | €287 | +€287 | |
| Recurring financial income | 75 | - | €287 | +€287 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,033 | -€5,369 | +€665 | +11.0% |
| Profit (loss) for the period | 9904 | -€6,033 | -€5,369 | +€665 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,033 | -€5,369 | +€665 | +11.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.