VPS Services: 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.
VPS Services
Largest movements
- Cash +€10,735
up €10,735 (+64.4%), from €16,670 to €27,405
mainly Depreciation (+€10,275) and Net result for the year (+€10,108)
- Receivables within one year +€2,229
up €2,229 (+33.6%), from €6,640 to €8,869
of which Trade receivables: +€1,851
- Tangible fixed assets +€1,779
up €1,779 (+14.4%), from €12,337 to €14,116
of which Furniture and vehicles: +€2,633
- Intangible fixed assets -€823
down €823 (-100.0%), from €823 to €0
- Deferred charges and accrued income +€584
up €584 (+29.3%), from €1,991 to €2,575
- Reserves +€10,108
up €10,108 (+31.0%), from €32,658 to €42,766
- Tax, wage and social debts +€2,628
up €2,628, from €0 to €2,628
- Advances received +€1,065
new in 2025: €1,065
- Trade debts +€797
up €797 (+210.8%), from €378 to €1,176
- Gross operating margin -€6,630
down €6,630 (-21.0%), from €31,516 to €24,886
- Depreciation +€2,129
up €2,129 (+26.1%), from €8,146 to €10,275
- Taxes -€1,532
down €1,532 (-34.9%), from €4,386 to €2,854
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 | €38,460 | €52,965 | +€14,505 | +37.7% |
| Fixed assets | 21/28 | €13,160 | €14,116 | +€956 | +7.3% |
| Intangible fixed assets | 21 | €823 | €0 | -€823 | -100.0% |
| Tangible fixed assets | 22/27 | €12,337 | €14,116 | +€1,779 | +14.4% |
| Plant, machinery and equipment | 23 | €7,566 | €6,712 | -€853 | -11.3% |
| Furniture and vehicles | 24 | €4,771 | €7,404 | +€2,633 | +55.2% |
| Current assets | 29/58 | €25,300 | €38,849 | +€13,549 | +53.6% |
| Amounts receivable within one year | 40/41 | €6,640 | €8,869 | +€2,229 | +33.6% |
| Trade receivables | 40 | €3,108 | €4,959 | +€1,851 | +59.6% |
| Other amounts receivable | 41 | €3,531 | €3,910 | +€378 | +10.7% |
| Cash at bank and in hand | 54/58 | €16,670 | €27,405 | +€10,735 | +64.4% |
| Deferred charges and accrued income | 490/1 | €1,991 | €2,575 | +€584 | +29.3% |
| Total equity and liabilities | 10/49 | €38,460 | €52,965 | +€14,505 | +37.7% |
| Equity | 10/15 | €35,658 | €45,766 | +€10,108 | +28.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,658 | €42,766 | +€10,108 | +31.0% |
| Distributable reserves | 133 | €32,658 | €42,766 | +€10,108 | +31.0% |
| Amounts payable | 17/49 | €2,803 | €7,200 | +€4,397 | +156.9% |
| Amounts payable within one year | 42/48 | €2,669 | €7,042 | +€4,373 | +163.8% |
| Trade debts | 44 | €378 | €1,176 | +€797 | +210.8% |
| Suppliers | 440/4 | €378 | €1,176 | +€797 | +210.8% |
| Advances received on contracts in progress | 46 | - | €1,065 | +€1,065 | |
| Taxes, remuneration and social security | 45 | €0 | €2,628 | +€2,628 | |
| Taxes | 450/3 | €0 | €2,628 | +€2,628 | |
| Other amounts payable | 47/48 | €2,291 | €2,174 | -€117 | -5.1% |
| Accrued charges and deferred income | 492/3 | €134 | €158 | +€24 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,146 | €10,275 | +€2,129 | +26.1% |
| Other operating charges | 640/8 | €682 | €756 | +€74 | +10.8% |
| Non-recurring operating charges | 66A | €102 | €0 | -€102 | -100.0% |
| Gross operating margin | 9900 | €31,516 | €24,886 | -€6,630 | -21.0% |
| Operating profit (loss) | 9901 | €22,586 | €13,855 | -€8,731 | -38.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +133.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +133.3% |
| Financial charges | 65/66B | €1,204 | €893 | -€311 | -25.8% |
| Recurring financial charges | 65 | €1,204 | €893 | -€311 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €21,382 | €12,962 | -€8,420 | -39.4% |
| Income taxes | 67/77 | €4,386 | €2,854 | -€1,532 | -34.9% |
| Profit (loss) for the period | 9904 | €16,997 | €10,108 | -€6,888 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,997 | €10,108 | -€6,888 | -40.5% |
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 29 September 2026 via checked.be.