VTELLIGENCE: 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.
VTELLIGENCE
Largest movements
- Current investments +€53,000
up €53,000 (+58.6%), from €90,420 to €143,420
- Tangible fixed assets -€17,663
down €17,663 (-2.9%), from €599,096 to €581,433
of which Land and buildings: -€30,367
- Debts after one year -€28,306
down €28,306 (-14.0%), from €201,747 to €173,440
- Trade debts +€16,965
up €16,965 (+283.3%), from €5,987 to €22,953
- Provisions +€15,000
up €15,000 (+54.5%), from €27,500 to €42,500
- Reserves +€12,127
up €12,127 (+3.3%), from €371,370 to €383,497
of which Distributable reserves: +€12,127
- Tax, wage and social debts +€11,634
up €11,634 (+141.6%), from €8,218 to €19,852
- Gross operating margin +€27,760
up €27,760 (+36.1%), from €76,842 to €104,602
- Provisions +€15,000
new in 2025: €15,000
- Other operating charges +€7,805
up €7,805 (+598.1%), from €1,305 to €9,109
- Depreciation +€2,981
up €2,981 (+9.0%), from €33,019 to €36,000
- Taxes +€2,129
up €2,129 (+25.3%), from €8,405 to €10,534
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 | €822,801 | €856,429 | +€33,628 | +4.1% |
| Fixed assets | 21/28 | €599,696 | €581,433 | -€18,263 | -3.0% |
| Tangible fixed assets | 22/27 | €599,096 | €581,433 | -€17,663 | -2.9% |
| Land and buildings | 22 | €595,606 | €565,239 | -€30,367 | -5.1% |
| Plant, machinery and equipment | 23 | €398 | €0 | -€398 | -100.0% |
| Furniture and vehicles | 24 | €3,091 | €16,194 | +€13,103 | +423.8% |
| Financial fixed assets | 28 | €600 | €0 | -€600 | -100.0% |
| Current assets | 29/58 | €223,105 | €274,996 | +€51,891 | +23.3% |
| Amounts receivable within one year | 40/41 | €37,187 | €32,808 | -€4,378 | -11.8% |
| Trade receivables | 40 | €27,924 | €29,251 | +€1,326 | +4.8% |
| Other amounts receivable | 41 | €9,262 | €3,558 | -€5,705 | -61.6% |
| Current investments | 50/53 | €90,420 | €143,420 | +€53,000 | +58.6% |
| Cash at bank and in hand | 54/58 | €93,367 | €96,545 | +€3,178 | +3.4% |
| Deferred charges and accrued income | 490/1 | €2,131 | €2,222 | +€91 | +4.3% |
| Total equity and liabilities | 10/49 | €822,801 | €856,429 | +€33,628 | +4.1% |
| Equity | 10/15 | €377,570 | €389,697 | +€12,127 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €371,370 | €383,497 | +€12,127 | +3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €369,510 | €381,637 | +€12,127 | +3.3% |
| Provisions and deferred taxes | 16 | €27,500 | €42,500 | +€15,000 | +54.5% |
| Provisions for liabilities and charges | 160/5 | €27,500 | €42,500 | +€15,000 | +54.5% |
| Pensions and similar obligations | 160 | €27,500 | €27,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | - | €15,000 | +€15,000 | |
| Amounts payable | 17/49 | €417,731 | €424,233 | +€6,502 | +1.6% |
| Amounts payable after more than one year | 17 | €201,747 | €173,440 | -€28,306 | -14.0% |
| Financial debts | 170/4 | €201,747 | €173,440 | -€28,306 | -14.0% |
| Amounts payable within one year | 42/48 | €204,983 | €238,929 | +€33,946 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €27,334 | €28,306 | +€972 | +3.6% |
| Financial debts | 43 | - | €3,713 | +€3,713 | |
| Credit institutions | 430/8 | - | €3,713 | +€3,713 | |
| Trade debts | 44 | €5,987 | €22,953 | +€16,965 | +283.3% |
| Suppliers | 440/4 | €5,987 | €22,953 | +€16,965 | +283.3% |
| Taxes, remuneration and social security | 45 | €8,218 | €19,852 | +€11,634 | +141.6% |
| Taxes | 450/3 | €8,218 | €19,852 | +€11,634 | +141.6% |
| Other amounts payable | 47/48 | €163,443 | €164,105 | +€662 | +0.4% |
| Accrued charges and deferred income | 492/3 | €11,001 | €11,863 | +€862 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,019 | €36,000 | +€2,981 | +9.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €1,305 | €9,109 | +€7,805 | +598.1% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €76,842 | €104,602 | +€27,760 | +36.1% |
| Operating profit (loss) | 9901 | €42,519 | €43,893 | +€1,375 | +3.2% |
| Financial income | 75/76B | €743 | €0 | -€743 | -100.0% |
| Recurring financial income | 75 | €743 | €0 | -€743 | -100.0% |
| Financial charges | 65/66B | €20,908 | €21,232 | +€325 | +1.6% |
| Recurring financial charges | 65 | €20,908 | €21,232 | +€325 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €22,353 | €22,661 | +€308 | +1.4% |
| Income taxes | 67/77 | €8,405 | €10,534 | +€2,129 | +25.3% |
| Profit (loss) for the period | 9904 | €13,948 | €12,127 | -€1,821 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,948 | €12,127 | -€1,821 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.