VULPOINT: 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.
VULPOINT
Largest movements
- Cash +€48,381
new in 2024: €48,381
mainly Net result for the year (+€51,865) and Debts after one year (+€29,021)
- Tangible fixed assets +€37,597
up €37,597 (+459.7%), from €8,178 to €45,775
- Current investments -€24,723
down €24,723 (-56.6%), from €43,710 to €18,987
- Receivables within one year +€18,832
up €18,832 (+30.2%), from €62,455 to €81,287
of which Trade receivables: +€13,817
- Deferred charges and accrued income +€3,758
new in 2024: €3,758
- Reserves +€51,865
up €51,865 (+550.7%), from €9,418 to €61,283
of which Distributable reserves: +€51,865
- Debts after one year +€29,021
new in 2024: €29,021
- Current portion of long-term debt +€8,181
new in 2024: €8,181
- Tax, wage and social debts -€7,461
down €7,461 (-25.1%), from €29,683 to €22,222
- Gross operating margin +€9,231
up €9,231 (+12.0%), from €77,221 to €86,452
- Financial charges -€7,589
down €7,589 (-77.9%), from €9,741 to €2,152
- Depreciation +€6,171
up €6,171 (+399.4%), from €1,545 to €7,716
- Taxes -€2,596
down €2,596 (-10.7%), from €24,169 to €21,573
- Other operating charges +€2,417
up €2,417 (+331.6%), from €729 to €3,146
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,343 | €198,188 | +€83,845 | +73.3% |
| Fixed assets | 21/28 | €8,178 | €45,775 | +€37,597 | +459.7% |
| Tangible fixed assets | 22/27 | €8,178 | €45,775 | +€37,597 | +459.7% |
| Furniture and vehicles | 24 | €8,178 | €45,775 | +€37,597 | +459.7% |
| Current assets | 29/58 | €106,165 | €152,413 | +€46,248 | +43.6% |
| Amounts receivable within one year | 40/41 | €62,455 | €81,287 | +€18,832 | +30.2% |
| Trade receivables | 40 | €28,189 | €42,006 | +€13,817 | +49.0% |
| Other amounts receivable | 41 | €34,266 | €39,281 | +€5,015 | +14.6% |
| Current investments | 50/53 | €43,710 | €18,987 | -€24,723 | -56.6% |
| Cash at bank and in hand | 54/58 | - | €48,381 | +€48,381 | |
| Deferred charges and accrued income | 490/1 | - | €3,758 | +€3,758 | |
| Total equity and liabilities | 10/49 | €114,343 | €198,188 | +€83,845 | +73.3% |
| Equity | 10/15 | €82,544 | €134,409 | +€51,865 | +62.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,418 | €61,283 | +€51,865 | +550.7% |
| Non-distributable reserves | 130/1 | €9,418 | €9,418 | = | 0.0% |
| Legal reserve | 130 | €9,418 | €9,418 | = | 0.0% |
| Distributable reserves | 133 | - | €51,865 | +€51,865 | |
| Profit (loss) carried forward | 14 | €68,126 | €68,126 | = | 0.0% |
| Amounts payable | 17/49 | €31,799 | €63,779 | +€31,980 | +100.6% |
| Amounts payable after more than one year | 17 | - | €29,021 | +€29,021 | |
| Financial debts | 170/4 | - | €29,021 | +€29,021 | |
| Amounts payable within one year | 42/48 | €30,224 | €31,352 | +€1,128 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,181 | +€8,181 | |
| Trade debts | 44 | €541 | €949 | +€408 | +75.4% |
| Suppliers | 440/4 | €541 | €949 | +€408 | +75.4% |
| Taxes, remuneration and social security | 45 | €29,683 | €22,222 | -€7,461 | -25.1% |
| Taxes | 450/3 | €29,683 | €22,222 | -€7,461 | -25.1% |
| Accrued charges and deferred income | 492/3 | €1,575 | €3,406 | +€1,831 | +116.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €7,716 | +€6,171 | +399.4% |
| Other operating charges | 640/8 | €729 | €3,146 | +€2,417 | +331.6% |
| Gross operating margin | 9900 | €77,221 | €86,452 | +€9,231 | +12.0% |
| Operating profit (loss) | 9901 | €74,947 | €75,590 | +€643 | +0.9% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €9,741 | €2,152 | -€7,589 | -77.9% |
| Recurring financial charges | 65 | €9,741 | €2,152 | -€7,589 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €65,213 | €73,438 | +€8,225 | +12.6% |
| Income taxes | 67/77 | €24,169 | €21,573 | -€2,596 | -10.7% |
| Profit (loss) for the period | 9904 | €41,044 | €51,865 | +€10,821 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,044 | €51,865 | +€10,821 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.