VSA SERVICE: 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.
VSA SERVICE
Largest movements
- Stocks and contracts +€31,308
up €31,308 (+237%), from €13,192 to €44,500
of which Contracts in progress: +€30,000
- Receivables within one year -€29,972
down €29,972 (-44.6%), from €67,277 to €37,305
of which Trade receivables: -€29,391
- Intangible fixed assets -€12,000
down €12,000 (-34.5%), from €34,800 to €22,800
- Deferred charges and accrued income -€7,956
down €7,956 (-79.7%), from €9,987 to €2,031
- Tangible fixed assets -€7,772
down €7,772 (-22.5%), from €34,517 to €26,745
of which Furniture and vehicles: -€7,042
- Other debts -€36,574
down €36,574 (-37.1%), from €98,525 to €61,951
- Trade debts +€26,043
up €26,043 (+58.0%), from €44,920 to €70,963
- Profit (loss) carried forward -€17,027
down €17,027 (-55.1%), from -€30,916 to -€47,943
- Accrued charges and deferred income +€7,481
up €7,481 (+7,558%), from €99 to €7,580
- Debts after one year -€6,536
down €6,536 (-31.4%), from €20,839 to €14,303
- Depreciation +€11,694
up €11,694 (+119%), from €9,838 to €21,532
- Financial charges +€2,851
up €2,851 (+90.0%), from €3,167 to €6,019
- Staff costs -€2,728
down €2,728 (-100%), from €2,728 to €0
- Write-downs +€426
up €426, from -€243 to €183
- Other operating charges -€255
down €255 (-9.6%), from €2,667 to €2,412
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,909 | €134,864 | -€26,044 | -16.2% |
| Fixed assets | 21/28 | €70,037 | €50,265 | -€19,772 | -28.2% |
| Intangible fixed assets | 21 | €34,800 | €22,800 | -€12,000 | -34.5% |
| Tangible fixed assets | 22/27 | €34,517 | €26,745 | -€7,772 | -22.5% |
| Land and buildings | 22 | €2,304 | €2,066 | -€239 | -10.4% |
| Plant, machinery and equipment | 23 | €5,357 | €4,866 | -€491 | -9.2% |
| Furniture and vehicles | 24 | €26,856 | €19,814 | -€7,042 | -26.2% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €90,872 | €84,600 | -€6,272 | -6.9% |
| Stocks and contracts in progress | 3 | €13,192 | €44,500 | +€31,308 | +237% |
| Stocks | 30/36 | €13,192 | €14,500 | +€1,308 | +9.9% |
| Contracts in progress | 37 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €67,277 | €37,305 | -€29,972 | -44.6% |
| Trade receivables | 40 | €63,130 | €33,739 | -€29,391 | -46.6% |
| Other amounts receivable | 41 | €4,147 | €3,566 | -€580 | -14.0% |
| Cash at bank and in hand | 54/58 | €416 | €763 | +€347 | +83.5% |
| Deferred charges and accrued income | 490/1 | €9,987 | €2,031 | -€7,956 | -79.7% |
| Total equity and liabilities | 10/49 | €160,909 | €134,864 | -€26,044 | -16.2% |
| Equity | 10/15 | -€10,834 | -€27,862 | -€17,027 | -157% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,489 | €1,489 | = | 0.0% |
| Distributable reserves | 133 | €1,489 | €1,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,916 | -€47,943 | -€17,027 | -55.1% |
| Amounts payable | 17/49 | €171,743 | €162,726 | -€9,017 | -5.3% |
| Amounts payable after more than one year | 17 | €20,839 | €14,303 | -€6,536 | -31.4% |
| Financial debts | 170/4 | €20,839 | €14,303 | -€6,536 | -31.4% |
| Amounts payable within one year | 42/48 | €150,804 | €140,843 | -€9,962 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €5,972 | €6,536 | +€564 | +9.5% |
| Trade debts | 44 | €44,920 | €70,963 | +€26,043 | +58.0% |
| Suppliers | 440/4 | €44,920 | €70,963 | +€26,043 | +58.0% |
| Taxes, remuneration and social security | 45 | €1,388 | €1,393 | +€5 | +0.3% |
| Taxes | 450/3 | €1,388 | €1,393 | +€5 | +0.3% |
| Other amounts payable | 47/48 | €98,525 | €61,951 | -€36,574 | -37.1% |
| Accrued charges and deferred income | 492/3 | €99 | €7,580 | +€7,481 | +7,558% |
| Non-recurring operating income | 76A | €250 | €207 | -€43 | -17.4% |
| Remuneration, social security and pensions | 62 | €2,728 | €0 | -€2,728 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,838 | €21,532 | +€11,694 | +119% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€243 | €183 | +€426 | |
| Other operating charges | 640/8 | €2,667 | €2,412 | -€255 | -9.6% |
| Gross operating margin | 9900 | €13,211 | €13,260 | +€50 | +0.4% |
| Operating profit (loss) | 9901 | -€1,779 | -€10,867 | -€9,087 | -511% |
| Financial income | 75/76B | €276 | €37 | -€238 | -86.5% |
| Recurring financial income | 75 | €276 | €37 | -€238 | -86.5% |
| Financial charges | 65/66B | €3,167 | €6,019 | +€2,851 | +90.0% |
| Recurring financial charges | 65 | €3,167 | €6,019 | +€2,851 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,671 | -€16,848 | -€12,177 | -261% |
| Income taxes | 67/77 | €281 | €179 | -€102 | -36.3% |
| Profit (loss) for the period | 9904 | -€4,952 | -€17,027 | -€12,075 | -244% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,952 | -€17,027 | -€12,075 | -244% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.