VULPIA WALLONIE: 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.
What changed
VULPIA WALLONIE
NACE 87.101, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€622,108
2024 · €75,244-€697,352
Equity
€971,599
2024 · €1.6m-€622,108
Cash
€770,749
2024 · €2.0m-€1.3m
Balance sheet total
€19.0m
2024 · €21.5m-€2.5m
Largest movements
Assets
- Receivables after one year -€2.8m
no longer reported in 2025 (was €2.8m)
- Receivables within one year +€2.2m
up €2.2m (+24.0%), from €9.0m to €11.1m
of which Other amounts receivable: +€1.3m
- Cash -€1.3m
down €1.3m (-62.0%), from €2.0m to €770,749
mainly Debts within one year (-€3.0m) and Receivables within one year (-€2.2m)
- Intangible fixed assets -€1.0m
down €1.0m (-37.5%), from €2.8m to €1.7m
- Tangible fixed assets +€613,235
up €613,235 (+13.2%), from €4.6m to €5.3m
of which Other tangible fixed assets: +€979,118
Equity and liabilities
- Debts within one year -€3.0m
down €3.0m (-18.6%), from €15.9m to €12.9m
- Debts after one year +€941,598
up €941,598 (+37.0%), from €2.5m to €3.5m
- Profit (loss) carried forward -€622,108
down €622,108 (-39.0%), from €1.6m to €971,599
Income statement
- Staff costs +€1.4m
up €1.4m (+5.1%), from €26.6m to €28.0m
- Turnover +€1.3m
up €1.3m (+3.4%), from €37.2m to €38.4m
- Services and other goods +€786,646
up €786,646 (+6.9%), from €11.4m to €12.2m
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.
Result 2024
€75,244
Turnover
+€1.3m
Other operating income
-€217,873
Goods and materials
+€16,837
Services and other goods
-€786,646
Staff costs
-€1.4m
Depreciation
-€87,255
Write-downs
+€41,770
Other operating charges
+€248,972
Other operating items
+€295,063
Financial income
-€112,764
Financial charges
+€8,199
Taxes
-€2,550
Result 2025
-€622,108
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.0m
Investment
-€1.2m
Financing
+€941,598
Cash 2024
€2.0m
From operations (derived)
-€1.0m
Net result for the year
-€622,108
Depreciation
+€1.7m
Receivables after one year
+€2.8m
Receivables within one year
-€2.2m
Deferred charges and accrued income
+€134,783
Debts within one year
-€3.0m
Accrued charges and deferred income
+€142,203
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Current investments
+€60,000
Financing
+€941,598
Debts after one year
+€941,598
Cash 2025
€770,749
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,493,997 | €19,003,313 | -€2.5m | -11.6% |
| Fixed assets | 21/28 | €7,412,707 | €6,987,657 | -€425,050 | -5.7% |
| Intangible fixed assets | 21 | €2,767,668 | €1,729,382 | -€1.0m | -37.5% |
| Tangible fixed assets | 22/27 | €4,645,040 | €5,258,275 | +€613,235 | +13.2% |
| Plant, machinery and equipment | 23 | €681,164 | €552,826 | -€128,338 | -18.8% |
| Furniture and vehicles | 24 | €1,239,671 | €1,002,127 | -€237,545 | -19.2% |
| Other tangible fixed assets | 26 | €2,724,205 | €3,703,322 | +€979,118 | +35.9% |
| Current assets | 29/58 | €14,081,289 | €12,015,656 | -€2.1m | -14.7% |
| Amounts receivable after more than one year | 29 | €2,766,276 | - | -€2.8m | |
| Other amounts receivable | 291 | €2,766,276 | - | -€2.8m | |
| Amounts receivable within one year | 40/41 | €8,974,118 | €11,127,868 | +€2.2m | +24.0% |
| Trade receivables | 40 | €7,272,449 | €8,151,415 | +€878,966 | +12.1% |
| Other amounts receivable | 41 | €1,701,669 | €2,976,453 | +€1.3m | +74.9% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €2,029,073 | €770,749 | -€1.3m | -62.0% |
| Deferred charges and accrued income | 490/1 | €251,822 | €117,039 | -€134,783 | -53.5% |
| Total equity and liabilities | 10/49 | €21,493,997 | €19,003,313 | -€2.5m | -11.6% |
| Equity | 10/15 | €1,593,707 | €971,599 | -€622,108 | -39.0% |
| Profit (loss) carried forward | 14 | €1,593,707 | €971,599 | -€622,108 | -39.0% |
| Amounts payable | 17/49 | €19,900,290 | €18,031,714 | -€1.9m | -9.4% |
| Amounts payable after more than one year | 17 | €2,544,726 | €3,486,324 | +€941,598 | +37.0% |
| Financial debts | 170/4 | €2,544,726 | €3,486,324 | +€941,598 | +37.0% |
| Leasing and similar obligations | 172 | €8,909 | €4,480 | -€4,429 | -49.7% |
| Credit institutions | 173 | €1,380,891 | €1,098,153 | -€282,738 | -20.5% |
| Other loans | 174 | €1,154,926 | €2,383,692 | +€1.2m | +106% |
| Amounts payable within one year | 42/48 | €15,865,756 | €12,913,380 | -€3.0m | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €447,635 | €380,754 | -€66,881 | -14.9% |
| Financial debts | 43 | €2,330,936 | €1,812,946 | -€517,990 | -22.2% |
| Credit institutions | 430/8 | €1,786,458 | €1,812,946 | +€26,487 | +1.5% |
| Other loans | 439 | €544,478 | - | -€544,478 | |
| Trade debts | 44 | €2,757,983 | €1,560,907 | -€1.2m | -43.4% |
| Suppliers | 440/4 | €2,757,983 | €1,560,907 | -€1.2m | -43.4% |
| Advances received on contracts in progress | 46 | €2,298,175 | €2,242,754 | -€55,421 | -2.4% |
| Taxes, remuneration and social security | 45 | €7,911,135 | €6,794,386 | -€1.1m | -14.1% |
| Taxes | 450/3 | €1,480,975 | €1,899,356 | +€418,382 | +28.3% |
| Remuneration and social security | 454/9 | €6,430,160 | €4,895,030 | -€1.5m | -23.9% |
| Accrued charges and deferred income | 492/3 | €1,489,807 | €1,632,010 | +€142,203 | +9.5% |
| Operating income | 70/76A | €43,866,159 | €45,405,136 | +€1.5m | +3.5% |
| Turnover | 70 | €37,180,260 | €38,438,571 | +€1.3m | +3.4% |
| Membership fees, donations, legacies and grants | 73 | €6,274,136 | €6,739,856 | +€465,720 | +7.4% |
| Other operating income | 74 | €409,887 | €192,014 | -€217,873 | -53.2% |
| Non-recurring operating income | 76A | €1,875 | €34,695 | +€32,820 | +1,750% |
| Operating charges | 60/66A | €43,654,538 | €45,783,752 | +€2.1m | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €3,694,747 | €3,677,910 | -€16,837 | -0.5% |
| Purchases | 600/8 | €3,694,747 | €3,677,910 | -€16,837 | -0.5% |
| Services and other goods | 61 | €11,438,819 | €12,225,465 | +€786,646 | +6.9% |
| Remuneration, social security and pensions | 62 | €26,607,612 | €27,967,027 | +€1.4m | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,579,649 | €1,666,905 | +€87,255 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,927 | -€30,843 | -€41,770 | |
| Other operating charges | 640/8 | €322,784 | €73,812 | -€248,972 | -77.1% |
| Non-recurring operating charges | 66A | - | €203,477 | +€203,477 | |
| Operating profit (loss) | 9901 | €211,621 | -€378,617 | -€590,238 | |
| Financial income | 75/76B | €172,022 | €59,258 | -€112,764 | -65.6% |
| Recurring financial income | 75 | €172,022 | €59,258 | -€112,764 | -65.6% |
| Income from current assets | 751 | €163,291 | €51,128 | -€112,163 | -68.7% |
| Other financial income | 752/9 | €8,731 | €8,130 | -€600 | -6.9% |
| Financial charges | 65/66B | €308,399 | €300,199 | -€8,199 | -2.7% |
| Recurring financial charges | 65 | €308,399 | €300,199 | -€8,199 | -2.7% |
| Debt charges | 650 | €136,527 | €106,558 | -€29,969 | -22.0% |
| Other financial charges | 652/9 | €171,872 | €193,641 | +€21,770 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €75,244 | -€619,558 | -€694,802 | |
| Income taxes | 67/77 | - | €2,550 | +€2,550 | |
| Taxes | 670/3 | - | €2,550 | +€2,550 | |
| Profit (loss) for the period | 9904 | €75,244 | -€622,108 | -€697,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,244 | -€622,108 | -€697,352 |
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 26 October 2026 via checked.be.