VS AND VJ: what changed
Two financial 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 VJ
Largest movements
- Tangible fixed assets -€8,176
down €8,176 (-4.7%), from €172,557 to €164,381
- Receivables within one year -€2,136
down €2,136 (-14.0%), from €15,279 to €13,143
of which Other amounts receivable: -€1,701
- Profit (loss) carried forward -€7,417
down €7,417 (-18.5%), from -€40,184 to -€47,600
- Debts after one year -€6,064
down €6,064 (-3.3%), from €181,671 to €175,607
- Gross operating margin +€2,487
up €2,487 (+92.9%), from €2,677 to €5,164
- Financial charges -€221
down €221 (-6.0%), from €3,704 to €3,483
- Other operating charges +€84
up €84 (+10.0%), from €837 to €921
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.
Derived cash bridge
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 | €190,371 | €178,114 | -€12,258 | -6.4% |
| Fixed assets | 21/28 | €172,557 | €164,381 | -€8,176 | -4.7% |
| Tangible fixed assets | 22/27 | €172,557 | €164,381 | -€8,176 | -4.7% |
| Land and buildings | 22 | €172,557 | €164,381 | -€8,176 | -4.7% |
| Current assets | 29/58 | €17,814 | €13,733 | -€4,081 | -22.9% |
| Amounts receivable within one year | 40/41 | €15,279 | €13,143 | -€2,136 | -14.0% |
| Trade receivables | 40 | €835 | €400 | -€435 | -52.1% |
| Other amounts receivable | 41 | €14,444 | €12,743 | -€1,701 | -11.8% |
| Cash at bank and in hand | 54/58 | €2,235 | €590 | -€1,646 | -73.6% |
| Deferred charges and accrued income | 490/1 | €300 | - | -€300 | |
| Total equity and liabilities | 10/49 | €190,371 | €178,114 | -€12,258 | -6.4% |
| Equity | 10/15 | -€184 | -€7,600 | -€7,417 | -4,036% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,184 | -€47,600 | -€7,417 | -18.5% |
| Amounts payable | 17/49 | €190,555 | €185,714 | -€4,841 | -2.5% |
| Amounts payable after more than one year | 17 | €181,671 | €175,607 | -€6,064 | -3.3% |
| Financial debts | 170/4 | €181,671 | €175,607 | -€6,064 | -3.3% |
| Amounts payable within one year | 42/48 | €7,805 | €8,297 | +€492 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €6,149 | €6,364 | +€215 | +3.5% |
| Trade debts | 44 | €1,197 | €791 | -€406 | -33.9% |
| Suppliers | 440/4 | €1,197 | €791 | -€406 | -33.9% |
| Taxes, remuneration and social security | 45 | €459 | €840 | +€381 | +82.8% |
| Taxes | 450/3 | €459 | €840 | +€381 | +82.8% |
| Other amounts payable | 47/48 | - | €303 | +€303 | |
| Accrued charges and deferred income | 492/3 | €1,079 | €1,810 | +€731 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,176 | €8,176 | = | 0.0% |
| Other operating charges | 640/8 | €837 | €921 | +€84 | +10.0% |
| Gross operating margin | 9900 | €2,677 | €5,164 | +€2,487 | +92.9% |
| Operating profit (loss) | 9901 | -€6,337 | -€3,934 | +€2,403 | +37.9% |
| Financial charges | 65/66B | €3,704 | €3,483 | -€221 | -6.0% |
| Recurring financial charges | 65 | €3,704 | €3,483 | -€221 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,041 | -€7,417 | +€2,624 | +26.1% |
| Profit (loss) for the period | 9904 | -€10,041 | -€7,417 | +€2,624 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,041 | -€7,417 | +€2,624 | +26.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.