VS SUPPORT: 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 SUPPORT
Largest movements
- Cash -€68,299
down €68,299 (-77.1%), from €88,547 to €20,248
mainly Contributions, distributions and other (-€85,000) and Receivables within one year (-€22,550)
- Receivables within one year +€22,550
up €22,550 (+46.3%), from €48,669 to €71,219
of which Trade receivables: +€13,028
- Tangible fixed assets -€7,712
down €7,712 (-23.7%), from €32,482 to €24,770
of which Leasing and similar rights: -€7,921
- Reserves -€53,996
down €53,996 (-40.9%), from €132,082 to €78,086
- Current portion of long-term debt -€10,862
down €10,862 (-61.3%), from €17,733 to €6,871
- Trade debts +€7,906
up €7,906 (+923.6%), from €856 to €8,762
- Advances received +€4,222
up €4,222 (+495.5%), from €852 to €5,074
- Tax, wage and social debts -€2,157
down €2,157 (-13.0%), from €16,627 to €14,470
- Gross operating margin -€27,216
down €27,216 (-29.1%), from €93,539 to €66,322
- Taxes -€5,795
down €5,795 (-34.9%), from €16,589 to €10,793
- Depreciation -€5,606
down €5,606 (-28.9%), from €19,429 to €13,823
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 | €170,812 | €117,698 | -€53,114 | -31.1% |
| Fixed assets | 21/28 | €32,482 | €24,770 | -€7,712 | -23.7% |
| Tangible fixed assets | 22/27 | €32,482 | €24,770 | -€7,712 | -23.7% |
| Furniture and vehicles | 24 | €24,561 | €24,770 | +€209 | +0.9% |
| Leasing and similar rights | 25 | €7,921 | €0 | -€7,921 | -100.0% |
| Current assets | 29/58 | €138,330 | €92,927 | -€45,402 | -32.8% |
| Amounts receivable within one year | 40/41 | €48,669 | €71,219 | +€22,550 | +46.3% |
| Trade receivables | 40 | €48,669 | €61,696 | +€13,028 | +26.8% |
| Other amounts receivable | 41 | - | €9,522 | +€9,522 | |
| Cash at bank and in hand | 54/58 | €88,547 | €20,248 | -€68,299 | -77.1% |
| Deferred charges and accrued income | 490/1 | €1,114 | €1,460 | +€347 | +31.1% |
| Total equity and liabilities | 10/49 | €170,812 | €117,698 | -€53,114 | -31.1% |
| Equity | 10/15 | €133,582 | €79,586 | -€53,996 | -40.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €132,082 | €78,086 | -€53,996 | -40.9% |
| Distributable reserves | 133 | €132,082 | €78,086 | -€53,996 | -40.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,230 | €38,112 | +€882 | +2.4% |
| Amounts payable after more than one year | 17 | €1,139 | €2,936 | +€1,797 | +157.8% |
| Financial debts | 170/4 | €1,139 | €2,936 | +€1,797 | +157.8% |
| Amounts payable within one year | 42/48 | €36,091 | €35,176 | -€914 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €17,733 | €6,871 | -€10,862 | -61.3% |
| Trade debts | 44 | €856 | €8,762 | +€7,906 | +923.6% |
| Suppliers | 440/4 | €856 | €8,762 | +€7,906 | +923.6% |
| Advances received on contracts in progress | 46 | €852 | €5,074 | +€4,222 | +495.5% |
| Taxes, remuneration and social security | 45 | €16,627 | €14,470 | -€2,157 | -13.0% |
| Taxes | 450/3 | €16,627 | €14,470 | -€2,157 | -13.0% |
| Other amounts payable | 47/48 | €23 | €0 | -€23 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,429 | €13,823 | -€5,606 | -28.9% |
| Other operating charges | 640/8 | €2,681 | €1,955 | -€726 | -27.1% |
| Non-recurring operating charges | 66A | - | €7,921 | +€7,921 | |
| Gross operating margin | 9900 | €93,539 | €66,322 | -€27,216 | -29.1% |
| Operating profit (loss) | 9901 | €71,429 | €42,624 | -€28,806 | -40.3% |
| Financial income | 75/76B | - | €245 | +€245 | |
| Recurring financial income | 75 | - | €245 | +€245 | |
| Financial charges | 65/66B | €639 | €1,072 | +€432 | +67.7% |
| Recurring financial charges | 65 | €639 | €1,072 | +€432 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | €70,790 | €41,797 | -€28,993 | -41.0% |
| Income taxes | 67/77 | €16,589 | €10,793 | -€5,795 | -34.9% |
| Profit (loss) for the period | 9904 | €54,201 | €31,004 | -€23,198 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,201 | €31,004 | -€23,198 | -42.8% |
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 7 October 2026 via checked.be.