VPS TERRASSEMENTS: what changed
VPS TERRASSEMENTS
Largest movements
- Tangible fixed assets +€33,058
up €33,058 (+12,109%), from €273 to €33,331
- Receivables within one year +€13,513
up €13,513 (+38.3%), from €35,264 to €48,777
of which Trade receivables: +€20,298
- Cash +€10,369
up €10,369 (+192%), from €5,409 to €15,778
mainly Debts after one year (+€20,313) and Net result for the year (+€19,682)
- Deferred charges and accrued income -€2,964
no longer reported in 2025 (was €2,964)
- Debts after one year +€20,313
new in 2025: €20,313
- Profit (loss) carried forward +€19,682
up €19,682 (+673%), from €2,926 to €22,608
- Trade debts +€10,891
up €10,891 (+202%), from €5,389 to €16,280
- Current portion of long-term debt +€7,257
up €7,257 (+121%), from €6,000 to €13,257
- Tax, wage and social debts -€4,000
down €4,000 (-55.9%), from €7,155 to €3,155
of which Remuneration and social security: -€5,700
- Gross operating margin +€59,609
up €59,609 (+351%), from €16,973 to €76,582
- Staff costs +€37,880
new in 2025: €37,880
- Provisions +€28,210
no longer reported in 2025 (was -€28,210)
- Depreciation -€6,928
down €6,928 (-61.1%), from €11,346 to €4,418
- Taxes +€3,436
up €3,436 (+103%), from €3,321 to €6,757
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 | €43,910 | €97,886 | +€53,976 | +123% |
| Fixed assets | 21/28 | €273 | €33,331 | +€33,058 | +12,109% |
| Tangible fixed assets | 22/27 | €273 | €33,331 | +€33,058 | +12,109% |
| Plant, machinery and equipment | 23 | €273 | €33,331 | +€33,058 | +12,109% |
| Current assets | 29/58 | €43,637 | €64,555 | +€20,918 | +47.9% |
| Amounts receivable within one year | 40/41 | €35,264 | €48,777 | +€13,513 | +38.3% |
| Trade receivables | 40 | €15,073 | €35,371 | +€20,298 | +135% |
| Other amounts receivable | 41 | €20,191 | €13,406 | -€6,785 | -33.6% |
| Cash at bank and in hand | 54/58 | €5,409 | €15,778 | +€10,369 | +192% |
| Deferred charges and accrued income | 490/1 | €2,964 | - | -€2,964 | |
| Total equity and liabilities | 10/49 | €43,910 | €97,886 | +€53,976 | +123% |
| Equity | 10/15 | €24,626 | €44,308 | +€19,682 | +79.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €15,200 | €15,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Distributable reserves | 133 | €14,550 | €14,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,926 | €22,608 | +€19,682 | +673% |
| Amounts payable | 17/49 | €19,284 | €53,578 | +€34,294 | +178% |
| Amounts payable after more than one year | 17 | - | €20,313 | +€20,313 | |
| Financial debts | 170/4 | - | €20,313 | +€20,313 | |
| Amounts payable within one year | 42/48 | €19,284 | €33,265 | +€13,981 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €13,257 | +€7,257 | +121% |
| Trade debts | 44 | €5,389 | €16,280 | +€10,891 | +202% |
| Suppliers | 440/4 | €5,389 | €16,280 | +€10,891 | +202% |
| Taxes, remuneration and social security | 45 | €7,155 | €3,155 | -€4,000 | -55.9% |
| Taxes | 450/3 | €1,455 | €3,155 | +€1,700 | +117% |
| Remuneration and social security | 454/9 | €5,700 | - | -€5,700 | |
| Other amounts payable | 47/48 | €740 | €573 | -€167 | -22.6% |
| Remuneration, social security and pensions | 62 | - | €37,880 | +€37,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,346 | €4,418 | -€6,928 | -61.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,210 | - | +€28,210 | |
| Other operating charges | 640/8 | €3,932 | €6,124 | +€2,192 | +55.7% |
| Gross operating margin | 9900 | €16,973 | €76,582 | +€59,609 | +351% |
| Operating profit (loss) | 9901 | €29,905 | €28,160 | -€1,745 | -5.8% |
| Financial income | 75/76B | €7 | €9 | +€2 | +28.6% |
| Recurring financial income | 75 | €7 | €9 | +€2 | +28.6% |
| Financial charges | 65/66B | €1,291 | €1,730 | +€439 | +34.0% |
| Recurring financial charges | 65 | €1,291 | €1,730 | +€439 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €28,621 | €26,439 | -€2,182 | -7.6% |
| Income taxes | 67/77 | €3,321 | €6,757 | +€3,436 | +103% |
| Profit (loss) for the period | 9904 | €25,300 | €19,682 | -€5,618 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,300 | €19,682 | -€5,618 | -22.2% |
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 2 November 2026 via checked.be.