VSI PLANNING: 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.
VSI PLANNING
Largest movements
- Current investments +€984,641
new in 2024: €984,641
- Receivables within one year +€946,823
up €946,823 (+137.7%), from €687,771 to €1.6m
of which Trade receivables: +€703,391
- Cash -€881,317
down €881,317 (-66.1%), from €1.3m to €452,136
mainly Current investments (-€984,641) and Receivables within one year (-€946,823)
- Reserves +€750,622
up €750,622 (+55.4%), from €1.4m to €2.1m
of which Distributable reserves: +€750,622
- Tax, wage and social debts +€244,116
up €244,116 (+134.3%), from €181,825 to €425,941
of which Taxes: +€244,116
- Other debts +€37,948
up €37,948 (+1052.7%), from €3,605 to €41,553
- Financial income +€202,737
up €202,737 (+709.9%), from €28,559 to €231,296
- Gross operating margin +€60,850
up €60,850 (+8.6%), from €710,288 to €771,138
- Taxes +€22,437
up €22,437 (+12.1%), from €185,027 to €207,464
- Financial charges -€20,793
down €20,793 (-59.5%), from €34,920 to €14,127
- Staff costs +€17,370
new in 2024: €17,370
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.
Cash bridge derived
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 | €2,044,600 | €3,078,081 | +€1.0m | +50.5% |
| Fixed assets | 21/28 | €20,465 | €4,113 | -€16,353 | -79.9% |
| Tangible fixed assets | 22/27 | €12,190 | €4,113 | -€8,078 | -66.3% |
| Furniture and vehicles | 24 | €12,190 | €4,113 | -€8,078 | -66.3% |
| Financial fixed assets | 28 | €8,275 | €0 | -€8,275 | -100.0% |
| Current assets | 29/58 | €2,024,135 | €3,073,969 | +€1.0m | +51.9% |
| Amounts receivable within one year | 40/41 | €687,771 | €1,634,594 | +€946,823 | +137.7% |
| Trade receivables | 40 | €244,408 | €947,799 | +€703,391 | +287.8% |
| Other amounts receivable | 41 | €443,363 | €686,794 | +€243,432 | +54.9% |
| Current investments | 50/53 | - | €984,641 | +€984,641 | |
| Cash at bank and in hand | 54/58 | €1,333,453 | €452,136 | -€881,317 | -66.1% |
| Deferred charges and accrued income | 490/1 | €2,911 | €2,598 | -€314 | -10.8% |
| Total equity and liabilities | 10/49 | €2,044,600 | €3,078,081 | +€1.0m | +50.5% |
| Equity | 10/15 | €1,373,648 | €2,124,270 | +€750,622 | +54.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,355,048 | €2,105,670 | +€750,622 | +55.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €17,988 | €17,988 | = | 0.0% |
| Distributable reserves | 133 | €1,337,060 | €2,087,682 | +€750,622 | +56.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €670,952 | €953,811 | +€282,859 | +42.2% |
| Amounts payable within one year | 42/48 | €667,456 | €953,811 | +€286,355 | +42.9% |
| Trade debts | 44 | €482,026 | €486,316 | +€4,290 | +0.9% |
| Suppliers | 440/4 | €482,026 | €486,316 | +€4,290 | +0.9% |
| Taxes, remuneration and social security | 45 | €181,825 | €425,941 | +€244,116 | +134.3% |
| Taxes | 450/3 | €181,825 | €425,941 | +€244,116 | +134.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,605 | €41,553 | +€37,948 | +1052.7% |
| Accrued charges and deferred income | 492/3 | €3,496 | €0 | -€3,496 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €17,370 | +€17,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,898 | €8,078 | -€5,821 | -41.9% |
| Other operating charges | 640/8 | €2,348 | €4,772 | +€2,424 | +103.2% |
| Gross operating margin | 9900 | €710,288 | €771,138 | +€60,850 | +8.6% |
| Operating profit (loss) | 9901 | €694,041 | €740,917 | +€46,876 | +6.8% |
| Financial income | 75/76B | €28,559 | €231,296 | +€202,737 | +709.9% |
| Recurring financial income | 75 | €28,559 | €231,296 | +€202,737 | +709.9% |
| Financial charges | 65/66B | €34,920 | €14,127 | -€20,793 | -59.5% |
| Recurring financial charges | 65 | €34,920 | €14,127 | -€20,793 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €687,680 | €958,087 | +€270,406 | +39.3% |
| Income taxes | 67/77 | €185,027 | €207,464 | +€22,437 | +12.1% |
| Profit (loss) for the period | 9904 | €502,653 | €750,622 | +€247,969 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €502,653 | €750,622 | +€247,969 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.