VPS Support: what changed
What changed
VPS Support
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€35,954
2023 · €41,037-€5,083
Equity
€222,573
2023 · €202,408+€20,165
Cash
€111,748
2023 · €78,542+€33,206
Balance sheet total
€368,451
2023 · €364,028+€4,423
Largest movements
Assets
- Cash +€33,206
up €33,206 (+42.3%), from €78,542 to €111,748
mainly Depreciation (+€39,878) and Net result for the year (+€35,954)
- Tangible fixed assets -€31,216
down €31,216 (-20.6%), from €151,187 to €119,970
of which Furniture and vehicles: -€29,064
- Receivables within one year +€10,732
up €10,732 (+17.8%), from €60,224 to €70,957
of which Trade receivables: +€8,533
- Stocks and contracts -€7,390
down €7,390 (-11.3%), from €65,659 to €58,268
Equity and liabilities
- Debts after one year -€24,405
down €24,405 (-37.2%), from €65,519 to €41,114
- Reserves +€20,165
up €20,165 (+11.4%), from €177,408 to €197,573
- Accrued charges and deferred income +€8,019
up €8,019 (+197%), from €4,072 to €12,090
- Other debts +€7,970
up €7,970 (+83.4%), from €9,556 to €17,527
- Trade debts -€4,964
down €4,964 (-15.3%), from €32,351 to €27,387
Income statement
- Gross operating margin +€45,380
up €45,380 (+29.6%), from €153,158 to €198,538
- Staff costs +€38,126
up €38,126 (+59.6%), from €63,949 to €102,075
- Depreciation +€12,492
up €12,492 (+45.6%), from €27,385 to €39,878
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€41,037
Gross operating margin
+€45,380
Staff costs
-€38,126
Depreciation
-€12,492
Other operating charges
+€502
Other operating items
-€175
Financial income
+€14
Financial charges
-€72
Taxes
-€114
Result 2024
€35,954
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,160
Investment
-€7,251
Financing
-€39,703
Cash 2023
€78,542
From operations (derived)
+€80,160
Net result for the year
+€35,954
Depreciation
+€39,878
Stocks and contracts
+€7,390
Receivables within one year
-€10,732
Deferred charges and accrued income
-€501
Trade debts
-€4,964
Tax, wage and social debts
-€2,854
Other debts
+€7,970
Accrued charges and deferred income
+€8,019
Investment (derived)
-€7,251
Investment in fixed assets (net)
-€7,251
Financing
-€39,703
Debts after one year
-€24,405
Current portion of long-term debt
-€1,085
Short-term financial debts
+€1,577
Contributions, distributions and other
-€15,789
Cash 2024
€111,748
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,028 | €368,451 | +€4,423 | +1.2% |
| Fixed assets | 21/28 | €155,274 | €122,648 | -€32,626 | -21.0% |
| Intangible fixed assets | 21 | €2,652 | €1,242 | -€1,410 | -53.2% |
| Tangible fixed assets | 22/27 | €151,187 | €119,970 | -€31,216 | -20.6% |
| Plant, machinery and equipment | 23 | €15,761 | €15,976 | +€215 | +1.4% |
| Furniture and vehicles | 24 | €124,206 | €95,142 | -€29,064 | -23.4% |
| Other tangible fixed assets | 26 | €11,220 | €8,851 | -€2,368 | -21.1% |
| Financial fixed assets | 28 | €1,436 | €1,436 | = | 0.0% |
| Current assets | 29/58 | €208,754 | €245,803 | +€37,049 | +17.7% |
| Stocks and contracts in progress | 3 | €65,659 | €58,268 | -€7,390 | -11.3% |
| Stocks | 30/36 | €65,659 | €58,268 | -€7,390 | -11.3% |
| Amounts receivable within one year | 40/41 | €60,224 | €70,957 | +€10,732 | +17.8% |
| Trade receivables | 40 | €30,562 | €39,095 | +€8,533 | +27.9% |
| Other amounts receivable | 41 | €29,662 | €31,862 | +€2,199 | +7.4% |
| Cash at bank and in hand | 54/58 | €78,542 | €111,748 | +€33,206 | +42.3% |
| Deferred charges and accrued income | 490/1 | €4,329 | €4,829 | +€501 | +11.6% |
| Total equity and liabilities | 10/49 | €364,028 | €368,451 | +€4,423 | +1.2% |
| Equity | 10/15 | €202,408 | €222,573 | +€20,165 | +10.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €177,408 | €197,573 | +€20,165 | +11.4% |
| Distributable reserves | 133 | €177,408 | €197,573 | +€20,165 | +11.4% |
| Amounts payable | 17/49 | €161,620 | €145,878 | -€15,742 | -9.7% |
| Amounts payable after more than one year | 17 | €65,519 | €41,114 | -€24,405 | -37.2% |
| Financial debts | 170/4 | €65,519 | €41,114 | -€24,405 | -37.2% |
| Amounts payable within one year | 42/48 | €92,030 | €92,674 | +€644 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €25,490 | €24,405 | -€1,085 | -4.3% |
| Financial debts | 43 | €10,179 | €11,756 | +€1,577 | +15.5% |
| Credit institutions | 430/8 | €10,179 | €11,756 | +€1,577 | +15.5% |
| Trade debts | 44 | €32,351 | €27,387 | -€4,964 | -15.3% |
| Suppliers | 440/4 | €32,351 | €27,387 | -€4,964 | -15.3% |
| Taxes, remuneration and social security | 45 | €14,454 | €11,600 | -€2,854 | -19.7% |
| Taxes | 450/3 | €1,056 | €789 | -€266 | -25.2% |
| Remuneration and social security | 454/9 | €13,398 | €10,810 | -€2,588 | -19.3% |
| Other amounts payable | 47/48 | €9,556 | €17,527 | +€7,970 | +83.4% |
| Accrued charges and deferred income | 492/3 | €4,072 | €12,090 | +€8,019 | +197% |
| Remuneration, social security and pensions | 62 | €63,949 | €102,075 | +€38,126 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,385 | €39,878 | +€12,492 | +45.6% |
| Other operating charges | 640/8 | €3,512 | €3,011 | -€502 | -14.3% |
| Non-recurring operating charges | 66A | - | €175 | +€175 | |
| Gross operating margin | 9900 | €153,158 | €198,538 | +€45,380 | +29.6% |
| Operating profit (loss) | 9901 | €58,312 | €53,400 | -€4,912 | -8.4% |
| Financial income | 75/76B | €307 | €321 | +€14 | +4.6% |
| Recurring financial income | 75 | €307 | €321 | +€14 | +4.6% |
| Financial charges | 65/66B | €2,954 | €3,026 | +€72 | +2.4% |
| Recurring financial charges | 65 | €2,954 | €3,026 | +€72 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €55,664 | €50,695 | -€4,969 | -8.9% |
| Income taxes | 67/77 | €14,627 | €14,741 | +€114 | +0.8% |
| Profit (loss) for the period | 9904 | €41,037 | €35,954 | -€5,083 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,037 | €35,954 | -€5,083 | -12.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.