VV: 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.
VV
Largest movements
- Receivables within one year +€107,274
up €107,274 (+168.9%), from €63,520 to €170,794
of which Trade receivables: +€57,388
- Cash -€6,164
no longer reported in 2025 (was €6,164)
mainly Receivables within one year (-€107,274) and Other debts (-€20,359)
- Trade debts +€88,793
up €88,793 (+5653.8%), from €1,571 to €90,364
- Other debts -€20,359
no longer reported in 2025 (was €20,359)
- Profit (loss) carried forward +€13,231
up €13,231 (+21.5%), from €61,554 to €74,785
- Short-term financial debts +€9,906
new in 2025: €9,906
- Tax, wage and social debts +€6,484
up €6,484 (+280.1%), from €2,315 to €8,799
- Purchases and services +€251,304
up €251,304 (+479.2%), from €52,443 to €303,747
- Staff costs +€61,892
new in 2025: €61,892
- Gross operating margin +€19,559
up €19,559 (+26.3%), from €74,482 to €94,041
- Depreciation +€5,578
up €5,578 (+190.0%), from €2,936 to €8,514
- Taxes +€4,630
new in 2025: €4,630
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 | €104,399 | €205,454 | +€101,056 | +96.8% |
| Fixed assets | 21/28 | €34,715 | €34,660 | -€55 | -0.2% |
| Tangible fixed assets | 22/27 | €34,715 | €34,660 | -€55 | -0.2% |
| Plant, machinery and equipment | 23 | €1,115 | €520 | -€595 | -53.4% |
| Furniture and vehicles | 24 | €33,600 | €34,140 | +€540 | +1.6% |
| Current assets | 29/58 | €69,684 | €170,794 | +€101,110 | +145.1% |
| Amounts receivable within one year | 40/41 | €63,520 | €170,794 | +€107,274 | +168.9% |
| Trade receivables | 40 | €55,520 | €112,908 | +€57,388 | +103.4% |
| Other amounts receivable | 41 | €8,000 | €57,886 | +€49,886 | +623.6% |
| Cash at bank and in hand | 54/58 | €6,164 | - | -€6,164 | |
| Total equity and liabilities | 10/49 | €104,399 | €205,454 | +€101,056 | +96.8% |
| Equity | 10/15 | €80,154 | €96,385 | +€16,231 | +20.2% |
| Contributions | 10/11 | €18,600 | €21,600 | +€3,000 | +16.1% |
| Profit (loss) carried forward | 14 | €61,554 | €74,785 | +€13,231 | +21.5% |
| Amounts payable | 17/49 | €24,244 | €109,069 | +€84,825 | +349.9% |
| Amounts payable within one year | 42/48 | €24,244 | €109,069 | +€84,825 | +349.9% |
| Financial debts | 43 | - | €9,906 | +€9,906 | |
| Credit institutions | 430/8 | - | €9,906 | +€9,906 | |
| Trade debts | 44 | €1,571 | €90,364 | +€88,793 | +5653.8% |
| Suppliers | 440/4 | €1,571 | €90,364 | +€88,793 | +5653.8% |
| Taxes, remuneration and social security | 45 | €2,315 | €8,799 | +€6,484 | +280.1% |
| Taxes | 450/3 | €2,315 | €8,799 | +€6,484 | +280.1% |
| Other amounts payable | 47/48 | €20,359 | - | -€20,359 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,443 | €303,747 | +€251,304 | +479.2% |
| Remuneration, social security and pensions | 62 | - | €61,892 | +€61,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,936 | €8,514 | +€5,578 | +190.0% |
| Other operating charges | 640/8 | €1,019 | €4,334 | +€3,315 | +325.2% |
| Gross operating margin | 9900 | €74,482 | €94,041 | +€19,559 | +26.3% |
| Operating profit (loss) | 9901 | €70,527 | €19,301 | -€51,226 | -72.6% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €4,956 | €1,494 | -€3,462 | -69.9% |
| Recurring financial charges | 65 | €332 | €1,494 | +€1,162 | +350.4% |
| Non-recurring financial charges | 66B | €4,624 | - | -€4,624 | |
| Profit (loss) for the period before taxes | 9903 | €65,571 | €17,861 | -€47,710 | -72.8% |
| Income taxes | 67/77 | - | €4,630 | +€4,630 | |
| Profit (loss) for the period | 9904 | €65,571 | €13,231 | -€52,340 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,571 | €13,231 | -€52,340 | -79.8% |
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 6 October 2026 via checked.be.