VSOLUTION: 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.
VSOLUTION
Largest movements
- Receivables within one year +€45,784
up €45,784 (+336%), from €13,642 to €59,426
of which Trade receivables: +€39,149
- Tangible fixed assets -€9,058
down €9,058 (-16.3%), from €55,407 to €46,350
- Advances received +€21,858
new in 2025: €21,858
- Trade debts +€21,081
up €21,081 (+139%), from €15,189 to €36,270
- Debts after one year -€13,888
down €13,888 (-32.7%), from €42,521 to €28,634
- Tax, wage and social debts +€7,681
up €7,681 (+169%), from €4,547 to €12,228
of which Remuneration and social security: +€6,206
- Staff costs +€29,823
up €29,823 (+139%), from €21,410 to €51,232
- Gross operating margin +€18,438
up €18,438 (+37.0%), from €49,801 to €68,238
- Other operating charges -€4,813
down €4,813 (-84.6%), from €5,689 to €877
- Depreciation +€2,969
up €2,969 (+26.4%), from €11,236 to €14,204
- Taxes -€948
down €948 (-39.9%), from €2,374 to €1,426
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 | €92,062 | €128,120 | +€36,058 | +39.2% |
| Formation expenses | 20 | €125 | - | -€125 | |
| Fixed assets | 21/28 | €55,407 | €46,350 | -€9,058 | -16.3% |
| Tangible fixed assets | 22/27 | €55,407 | €46,350 | -€9,058 | -16.3% |
| Furniture and vehicles | 24 | €55,407 | €46,350 | -€9,058 | -16.3% |
| Current assets | 29/58 | €36,530 | €81,771 | +€45,241 | +124% |
| Amounts receivable within one year | 40/41 | €13,642 | €59,426 | +€45,784 | +336% |
| Trade receivables | 40 | €8,697 | €47,845 | +€39,149 | +450% |
| Other amounts receivable | 41 | €4,945 | €11,581 | +€6,636 | +134% |
| Cash at bank and in hand | 54/58 | €20,461 | €19,377 | -€1,084 | -5.3% |
| Deferred charges and accrued income | 490/1 | €2,427 | €2,968 | +€541 | +22.3% |
| Total equity and liabilities | 10/49 | €92,062 | €128,120 | +€36,058 | +39.2% |
| Equity | 10/15 | €16,518 | €15,243 | -€1,275 | -7.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,518 | €5,243 | -€1,275 | -19.6% |
| Distributable reserves | 133 | €6,518 | €5,243 | -€1,275 | -19.6% |
| Amounts payable | 17/49 | €75,544 | €112,877 | +€37,334 | +49.4% |
| Amounts payable after more than one year | 17 | €42,521 | €28,634 | -€13,888 | -32.7% |
| Financial debts | 170/4 | €42,521 | €28,634 | -€13,888 | -32.7% |
| Amounts payable within one year | 42/48 | €33,022 | €84,244 | +€51,221 | +155% |
| Current portion of amounts payable after more than one year | 42 | €13,287 | €13,888 | +€601 | +4.5% |
| Trade debts | 44 | €15,189 | €36,270 | +€21,081 | +139% |
| Suppliers | 440/4 | €15,189 | €36,270 | +€21,081 | +139% |
| Advances received on contracts in progress | 46 | - | €21,858 | +€21,858 | |
| Taxes, remuneration and social security | 45 | €4,547 | €12,228 | +€7,681 | +169% |
| Taxes | 450/3 | €3,921 | €5,396 | +€1,474 | +37.6% |
| Remuneration and social security | 454/9 | €626 | €6,832 | +€6,206 | +992% |
| Remuneration, social security and pensions | 62 | €21,410 | €51,232 | +€29,823 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,236 | €14,204 | +€2,969 | +26.4% |
| Other operating charges | 640/8 | €5,689 | €877 | -€4,813 | -84.6% |
| Gross operating margin | 9900 | €49,801 | €68,238 | +€18,438 | +37.0% |
| Operating profit (loss) | 9901 | €11,466 | €1,925 | -€9,541 | -83.2% |
| Financial income | 75/76B | €177 | €586 | +€409 | +232% |
| Recurring financial income | 75 | €177 | €586 | +€409 | +232% |
| Financial charges | 65/66B | €2,751 | €2,360 | -€391 | -14.2% |
| Recurring financial charges | 65 | €2,751 | €2,360 | -€391 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €8,892 | €151 | -€8,741 | -98.3% |
| Income taxes | 67/77 | €2,374 | €1,426 | -€948 | -39.9% |
| Profit (loss) for the period | 9904 | €6,518 | -€1,275 | -€7,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,518 | -€1,275 | -€7,793 |
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 17 October 2026 via checked.be.