VSummit: 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.
VSummit
Largest movements
- Cash +€43,109
up €43,109 (+137.7%), from €31,316 to €74,425
mainly Net result for the year (+€55,802) and Trade debts (+€20,245)
- Tangible fixed assets +€23,189
up €23,189 (+1352.9%), from €1,714 to €24,903
of which Furniture and vehicles: +€17,339
- Receivables within one year +€6,660
up €6,660 (+25.0%), from €26,663 to €33,323
of which Trade receivables: +€6,660
- Reserves +€55,802
up €55,802 (+178.4%), from €31,280 to €87,081
- Trade debts +€20,245
up €20,245 (+1792.3%), from €1,130 to €21,374
- Other debts -€2,363
down €2,363 (-75.4%), from €3,133 to €769
- Gross operating margin +€24,851
up €24,851 (+50.8%), from €48,966 to €73,817
- Taxes -€1,184
down €1,184 (-7.0%), from €16,930 to €15,747
- Depreciation +€1,133
up €1,133 (+301.0%), from €376 to €1,509
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 | €59,693 | €132,651 | +€72,958 | +122.2% |
| Fixed assets | 21/28 | €1,714 | €24,903 | +€23,189 | +1352.9% |
| Tangible fixed assets | 22/27 | €1,714 | €24,903 | +€23,189 | +1352.9% |
| Furniture and vehicles | 24 | €1,714 | €19,053 | +€17,339 | +1011.6% |
| Other tangible fixed assets | 26 | - | €5,850 | +€5,850 | |
| Current assets | 29/58 | €57,979 | €107,748 | +€49,769 | +85.8% |
| Amounts receivable within one year | 40/41 | €26,663 | €33,323 | +€6,660 | +25.0% |
| Trade receivables | 40 | €26,620 | €33,280 | +€6,660 | +25.0% |
| Other amounts receivable | 41 | €43 | €43 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,316 | €74,425 | +€43,109 | +137.7% |
| Total equity and liabilities | 10/49 | €59,693 | €132,651 | +€72,958 | +122.2% |
| Equity | 10/15 | €32,280 | €87,181 | +€54,902 | +170.1% |
| Contributions | 10/11 | €1,000 | €100 | -€900 | -90.0% |
| Reserves | 13 | €31,280 | €87,081 | +€55,802 | +178.4% |
| Distributable reserves | 133 | €31,280 | €87,081 | +€55,802 | +178.4% |
| Amounts payable | 17/49 | €27,413 | €45,470 | +€18,056 | +65.9% |
| Amounts payable within one year | 42/48 | €27,413 | €45,470 | +€18,056 | +65.9% |
| Trade debts | 44 | €1,130 | €21,374 | +€20,245 | +1792.3% |
| Suppliers | 440/4 | €1,130 | €21,374 | +€20,245 | +1792.3% |
| Taxes, remuneration and social security | 45 | €23,151 | €23,326 | +€175 | +0.8% |
| Taxes | 450/3 | €23,151 | €23,326 | +€175 | +0.8% |
| Other amounts payable | 47/48 | €3,133 | €769 | -€2,363 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €1,509 | +€1,133 | +301.0% |
| Other operating charges | 640/8 | €379 | €725 | +€346 | +91.3% |
| Gross operating margin | 9900 | €48,966 | €73,817 | +€24,851 | +50.8% |
| Operating profit (loss) | 9901 | €48,210 | €71,582 | +€23,372 | +48.5% |
| Financial income | 75/76B | €8 | €216 | +€207 | +2487.9% |
| Recurring financial income | 75 | €8 | €216 | +€207 | +2487.9% |
| Financial charges | 65/66B | €8 | €249 | +€241 | +2900.5% |
| Recurring financial charges | 65 | €8 | €249 | +€241 | +2900.5% |
| Profit (loss) for the period before taxes | 9903 | €48,210 | €71,549 | +€23,339 | +48.4% |
| Income taxes | 67/77 | €16,930 | €15,747 | -€1,184 | -7.0% |
| Profit (loss) for the period | 9904 | €31,280 | €55,802 | +€24,522 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,280 | €55,802 | +€24,522 | +78.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.