VS and Co: 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.
VS and Co
Largest movements
- Receivables within one year +€411,690
up €411,690 (+615.3%), from €66,909 to €478,599
- Cash -€23,066
down €23,066 (-88.0%), from €26,204 to €3,137
mainly Receivables within one year (-€411,690) and Net result for the year (-€6,376)
- Other debts +€395,000
up €395,000 (+790.0%), from €50,000 to €445,000
- Profit (loss) carried forward -€6,376
down €6,376 (-337.7%), from -€1,888 to -€8,264
- Gross operating margin -€3,430
down €3,430 (-202.0%), from -€1,697 to -€5,127
- Financial charges +€834
up €834 (+2384.4%), from €35 to €869
- Other operating charges +€225
up €225 (+144.4%), from €156 to €380
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 | €123,112 | €511,736 | +€388,624 | +315.7% |
| Fixed assets | 21/28 | €30,000 | €30,000 | = | 0.0% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €93,112 | €481,736 | +€388,624 | +417.4% |
| Amounts receivable within one year | 40/41 | €66,909 | €478,599 | +€411,690 | +615.3% |
| Other amounts receivable | 41 | €66,909 | €478,599 | +€411,690 | +615.3% |
| Cash at bank and in hand | 54/58 | €26,204 | €3,137 | -€23,066 | -88.0% |
| Total equity and liabilities | 10/49 | €123,112 | €511,736 | +€388,624 | +315.7% |
| Equity | 10/15 | €73,112 | €66,736 | -€6,376 | -8.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,888 | -€8,264 | -€6,376 | -337.7% |
| Amounts payable | 17/49 | €50,000 | €445,000 | +€395,000 | +790.0% |
| Amounts payable within one year | 42/48 | €50,000 | €445,000 | +€395,000 | +790.0% |
| Other amounts payable | 47/48 | €50,000 | €445,000 | +€395,000 | +790.0% |
| Other operating charges | 640/8 | €156 | €380 | +€225 | +144.4% |
| Gross operating margin | 9900 | -€1,697 | -€5,127 | -€3,430 | -202.0% |
| Operating profit (loss) | 9901 | -€1,853 | -€5,507 | -€3,654 | -197.2% |
| Financial charges | 65/66B | €35 | €869 | +€834 | +2384.4% |
| Recurring financial charges | 65 | €35 | €869 | +€834 | +2384.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,888 | -€6,376 | -€4,488 | -237.7% |
| Profit (loss) for the period | 9904 | -€1,888 | -€6,376 | -€4,488 | -237.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,888 | -€6,376 | -€4,488 | -237.7% |
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 8 October 2026 via checked.be.