Vulpia Finishing: 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.
Vulpia Finishing
Largest movements
- Cash +€599,048
new in 2025: €599,048
mainly Debts after one year (+€382,976) and Receivables after one year (+€341,827)
- Receivables after one year -€341,827
no longer reported in 2025 (was €341,827)
- Receivables within one year +€27,017
up €27,017 (+4,054%), from €666 to €27,684
of which Other amounts receivable: +€24,521
- Stocks and contracts +€12,338
new in 2025: €12,338
- Debts after one year +€382,976
new in 2025: €382,976
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward +€7,377
up €7,377 (+3.4%), from €219,298 to €226,675
- Gross operating margin -€411,268
down €411,268 (-98.4%), from €417,834 to €6,566
- Taxes -€73,375
down €73,375 (-96.8%), from €75,834 to €2,459
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 | €342,493 | €639,070 | +€296,577 | +86.6% |
| Current assets | 29/58 | €342,493 | €639,070 | +€296,577 | +86.6% |
| Amounts receivable after more than one year | 29 | €341,827 | - | -€341,827 | |
| Other amounts receivable | 291 | €341,827 | - | -€341,827 | |
| Stocks and contracts in progress | 3 | - | €12,338 | +€12,338 | |
| Stocks | 30/36 | - | €12,338 | +€12,338 | |
| Amounts receivable within one year | 40/41 | €666 | €27,684 | +€27,017 | +4,054% |
| Trade receivables | 40 | - | €2,496 | +€2,496 | |
| Other amounts receivable | 41 | €666 | €25,188 | +€24,521 | +3,680% |
| Cash at bank and in hand | 54/58 | - | €599,048 | +€599,048 | |
| Total equity and liabilities | 10/49 | €342,493 | €639,070 | +€296,577 | +86.6% |
| Equity | 10/15 | €237,898 | €245,275 | +€7,377 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,298 | €226,675 | +€7,377 | +3.4% |
| Amounts payable | 17/49 | €104,595 | €393,795 | +€289,200 | +276% |
| Amounts payable after more than one year | 17 | - | €382,976 | +€382,976 | |
| Financial debts | 170/4 | - | €382,976 | +€382,976 | |
| Amounts payable within one year | 42/48 | €104,595 | €10,819 | -€93,776 | -89.7% |
| Trade debts | 44 | €4,595 | €10,819 | +€6,224 | +135% |
| Suppliers | 440/4 | €4,595 | €10,819 | +€6,224 | +135% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | €435,500 | - | -€435,500 | |
| Other operating charges | 640/8 | €528 | €878 | +€350 | +66.2% |
| Gross operating margin | 9900 | €417,834 | €6,566 | -€411,268 | -98.4% |
| Operating profit (loss) | 9901 | €417,305 | €5,688 | -€411,618 | -98.6% |
| Financial income | 75/76B | €1,186 | €4,206 | +€3,020 | +255% |
| Recurring financial income | 75 | €1,186 | €4,206 | +€3,020 | +255% |
| Financial charges | 65/66B | - | €57 | +€57 | |
| Recurring financial charges | 65 | - | €57 | +€57 | |
| Profit (loss) for the period before taxes | 9903 | €418,491 | €9,836 | -€408,655 | -97.6% |
| Income taxes | 67/77 | €75,834 | €2,459 | -€73,375 | -96.8% |
| Profit (loss) for the period | 9904 | €342,658 | €7,377 | -€335,280 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €342,658 | €7,377 | -€335,280 | -97.8% |
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 30 October 2026 via checked.be.