VPT: 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.
VPT
Largest movements
- Current investments -€130,000
down €130,000 (-100.0%), from €130,000 to €0
- Cash +€35,963
up €35,963 (+400.0%), from €8,991 to €44,954
mainly Current investments (+€130,000) and Net result for the year (+€37,411)
- Receivables within one year -€3,638
down €3,638 (-100.0%), from €3,638 to €0
- Other debts -€66,463
down €66,463 (-64.0%), from €103,874 to €37,411
- Reserves -€31,548
down €31,548 (-100.0%), from €31,548 to €0
- Taxes +€7,568
up €7,568 (+86.0%), from €8,797 to €16,365
- Gross operating margin +€6,549
up €6,549 (+12.8%), from €51,001 to €57,550
- Financial charges +€2,809
up €2,809 (+696.4%), from €403 to €3,212
- Financial income -€582
down €582 (-40.2%), from €1,449 to €867
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 | €144,150 | €45,923 | -€98,227 | -68.1% |
| Fixed assets | 21/28 | €1,245 | €873 | -€371 | -29.8% |
| Tangible fixed assets | 22/27 | €1,245 | €873 | -€371 | -29.8% |
| Plant, machinery and equipment | 23 | €1,245 | €873 | -€371 | -29.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €142,905 | €45,049 | -€97,856 | -68.5% |
| Amounts receivable within one year | 40/41 | €3,638 | €0 | -€3,638 | -100.0% |
| Other amounts receivable | 41 | €3,638 | €0 | -€3,638 | -100.0% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,991 | €44,954 | +€35,963 | +400.0% |
| Deferred charges and accrued income | 490/1 | €277 | €95 | -€182 | -65.7% |
| Total equity and liabilities | 10/49 | €144,150 | €45,923 | -€98,227 | -68.1% |
| Equity | 10/15 | €35,548 | €4,000 | -€31,548 | -88.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €31,548 | €0 | -€31,548 | -100.0% |
| Distributable reserves | 133 | €31,548 | €0 | -€31,548 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,602 | €41,923 | -€66,680 | -61.4% |
| Amounts payable within one year | 42/48 | €108,602 | €41,923 | -€66,680 | -61.4% |
| Trade debts | 44 | €1,743 | €806 | -€937 | -53.8% |
| Suppliers | 440/4 | €1,743 | €806 | -€937 | -53.8% |
| Taxes, remuneration and social security | 45 | €2,985 | €3,705 | +€720 | +24.1% |
| Taxes | 450/3 | €2,985 | €3,705 | +€720 | +24.1% |
| Other amounts payable | 47/48 | €103,874 | €37,411 | -€66,463 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €371 | -€367 | -49.7% |
| Other operating charges | 640/8 | €964 | €1,057 | +€93 | +9.7% |
| Gross operating margin | 9900 | €51,001 | €57,550 | +€6,549 | +12.8% |
| Operating profit (loss) | 9901 | €49,299 | €56,122 | +€6,822 | +13.8% |
| Financial income | 75/76B | €1,449 | €867 | -€582 | -40.2% |
| Recurring financial income | 75 | €1,449 | €867 | -€582 | -40.2% |
| Financial charges | 65/66B | €403 | €3,212 | +€2,809 | +696.4% |
| Recurring financial charges | 65 | €403 | €3,212 | +€2,809 | +696.4% |
| Profit (loss) for the period before taxes | 9903 | €50,345 | €53,777 | +€3,432 | +6.8% |
| Income taxes | 67/77 | €8,797 | €16,365 | +€7,568 | +86.0% |
| Profit (loss) for the period | 9904 | €41,548 | €37,411 | -€4,136 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,548 | €37,411 | -€4,136 | -10.0% |
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 5 October 2026 via checked.be.