VSP Hasselt: what changed
What changed
VSP Hasselt
filed annual accounts (NBB)
Net result for the year
€151,214
2024 · €152,622-€1,408
Equity
€19,374
2024 · €1.0m-€1.0m
Cash
€15
2024 · €2,490-€2,475
Balance sheet total
€3.4m
2024 · €1.8m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+2,597%), from €65,570 to €1.8m
of which Other amounts receivable: +€1.7m
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+552%), from €321,064 to €2.1m
- Reserves -€1.0m
down €1.0m (-99.9%), from €1.0m to €774
- Other debts +€856,166
up €856,166 (+277%), from €308,834 to €1.2m
- Current portion of long-term debt +€83,122
up €83,122 (+131%), from €63,638 to €146,760
Income statement
- Financial charges +€12,976
up €12,976 (+44.2%), from €29,339 to €42,315
- Gross operating margin +€6,226
up €6,226 (+2.5%), from €252,294 to €258,520
- Financial income +€4,906
new in 2025: €4,906
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€152,622
Gross operating margin
+€6,226
Other operating charges
-€33
Financial income
+€4,906
Financial charges
-€12,976
Taxes
+€469
Result 2025
€151,214
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€695,440
Investment
€0
Financing
+€692,965
Cash 2024
€2,490
From operations (derived)
-€695,440
Net result for the year
+€151,214
Depreciation
+€18,373
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€4,906
Trade debts
-€1,114
Tax, wage and social debts
-€5,391
Other debts
+€856,166
Accrued charges and deferred income
-€6,660
Financing
+€692,965
Debts after one year
+€1.8m
Current portion of long-term debt
+€83,122
Short-term financial debts
+€1,603
Contributions, distributions and other
-€1.2m
Cash 2025
€15
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,760,194 | €3,447,374 | +€1.7m | +95.9% |
| Fixed assets | 21/28 | €1,692,134 | €1,673,760 | -€18,373 | -1.1% |
| Tangible fixed assets | 22/27 | €1,692,134 | €1,673,760 | -€18,373 | -1.1% |
| Land and buildings | 22 | €1,692,134 | €1,673,760 | -€18,373 | -1.1% |
| Current assets | 29/58 | €68,060 | €1,773,614 | +€1.7m | +2,506% |
| Amounts receivable within one year | 40/41 | €65,570 | €1,768,693 | +€1.7m | +2,597% |
| Trade receivables | 40 | €65,570 | €66,932 | +€1,362 | +2.1% |
| Other amounts receivable | 41 | - | €1,701,761 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €2,490 | €15 | -€2,475 | -99.4% |
| Deferred charges and accrued income | 490/1 | - | €4,906 | +€4,906 | |
| Total equity and liabilities | 10/49 | €1,760,194 | €3,447,374 | +€1.7m | +95.9% |
| Equity | 10/15 | €1,033,160 | €19,374 | -€1.0m | -98.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,014,560 | €774 | -€1.0m | -99.9% |
| Distributable reserves | 133 | €1,014,560 | €774 | -€1.0m | -99.9% |
| Amounts payable | 17/49 | €727,034 | €3,428,001 | +€2.7m | +372% |
| Amounts payable after more than one year | 17 | €321,064 | €2,094,304 | +€1.8m | +552% |
| Financial debts | 170/4 | €321,064 | €2,094,304 | +€1.8m | +552% |
| Amounts payable within one year | 42/48 | €399,310 | €1,333,697 | +€934,387 | +234% |
| Current portion of amounts payable after more than one year | 42 | €63,638 | €146,760 | +€83,122 | +131% |
| Financial debts | 43 | €16,904 | €18,507 | +€1,603 | +9.5% |
| Credit institutions | 430/8 | €16,904 | €18,507 | +€1,603 | +9.5% |
| Trade debts | 44 | €4,139 | €3,025 | -€1,114 | -26.9% |
| Suppliers | 440/4 | €4,139 | €3,025 | -€1,114 | -26.9% |
| Taxes, remuneration and social security | 45 | €5,796 | €405 | -€5,391 | -93.0% |
| Taxes | 450/3 | €5,796 | €405 | -€5,391 | -93.0% |
| Other amounts payable | 47/48 | €308,834 | €1,165,000 | +€856,166 | +277% |
| Accrued charges and deferred income | 492/3 | €6,660 | - | -€6,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,373 | €18,373 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €252,294 | €258,520 | +€6,226 | +2.5% |
| Operating profit (loss) | 9901 | €232,835 | €239,028 | +€6,193 | +2.7% |
| Financial income | 75/76B | - | €4,906 | +€4,906 | |
| Recurring financial income | 75 | - | €4,906 | +€4,906 | |
| Financial charges | 65/66B | €29,339 | €42,315 | +€12,976 | +44.2% |
| Recurring financial charges | 65 | €29,339 | €42,315 | +€12,976 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €203,496 | €201,619 | -€1,877 | -0.9% |
| Income taxes | 67/77 | €50,874 | €50,405 | -€469 | -0.9% |
| Profit (loss) for the period | 9904 | €152,622 | €151,214 | -€1,408 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,622 | €151,214 | -€1,408 | -0.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.