VV FINANCE: 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.
VV FINANCE
Largest movements
- Receivables within one year +€209,850
new in 2025: €209,850
- Cash +€149,955
up €149,955 (+187%), from €79,982 to €229,937
mainly Other debts (+€525,611) and Net result for the year (+€504,552)
- Tangible fixed assets -€18,757
down €18,757 (-54.3%), from €34,563 to €15,807
of which Furniture and vehicles: -€22,451
- Other debts +€525,611
up €525,611 (+308%), from €170,848 to €696,459
- Debts after one year -€146,973
down €146,973 (-31.5%), from €467,291 to €320,318
- Profit (loss) carried forward -€45,448
down €45,448 (-89.7%), from €50,676 to €5,227
- Financial income +€480,176
up €480,176 (+170,899%), from €281 to €480,457
- Financial charges +€22,409
up €22,409 (+732%), from €3,061 to €25,470
- Taxes -€5,338
down €5,338 (-36.0%), from €14,819 to €9,481
- Gross operating margin +€1,208
up €1,208 (+1.5%), from €81,121 to €82,328
- Depreciation +€844
up €844 (+3.8%), from €22,438 to €23,283
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 | €787,469 | €1,128,078 | +€340,609 | +43.3% |
| Fixed assets | 21/28 | €704,563 | €685,807 | -€18,757 | -2.7% |
| Tangible fixed assets | 22/27 | €34,563 | €15,807 | -€18,757 | -54.3% |
| Plant, machinery and equipment | 23 | €1,969 | €1,250 | -€719 | -36.5% |
| Furniture and vehicles | 24 | €32,594 | €10,144 | -€22,451 | -68.9% |
| Other tangible fixed assets | 26 | - | €4,413 | +€4,413 | |
| Financial fixed assets | 28 | €670,000 | €670,000 | = | 0.0% |
| Current assets | 29/58 | €82,905 | €442,271 | +€359,366 | +433% |
| Amounts receivable within one year | 40/41 | - | €209,850 | +€209,850 | |
| Other amounts receivable | 41 | - | €209,850 | +€209,850 | |
| Cash at bank and in hand | 54/58 | €79,982 | €229,937 | +€149,955 | +187% |
| Deferred charges and accrued income | 490/1 | €2,924 | €2,484 | -€439 | -15.0% |
| Total equity and liabilities | 10/49 | €787,469 | €1,128,078 | +€340,609 | +43.3% |
| Equity | 10/15 | €51,676 | €6,227 | -€45,448 | -87.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,676 | €5,227 | -€45,448 | -89.7% |
| Amounts payable | 17/49 | €735,793 | €1,121,850 | +€386,057 | +52.5% |
| Amounts payable after more than one year | 17 | €467,291 | €320,318 | -€146,973 | -31.5% |
| Financial debts | 170/4 | €467,291 | €320,318 | -€146,973 | -31.5% |
| Amounts payable within one year | 42/48 | €268,502 | €801,532 | +€533,030 | +199% |
| Current portion of amounts payable after more than one year | 42 | €75,924 | €81,148 | +€5,223 | +6.9% |
| Trade debts | 44 | €567 | €2,016 | +€1,450 | +256% |
| Suppliers | 440/4 | €567 | €2,016 | +€1,450 | +256% |
| Taxes, remuneration and social security | 45 | €21,163 | €21,909 | +€746 | +3.5% |
| Taxes | 450/3 | €21,163 | €21,909 | +€746 | +3.5% |
| Other amounts payable | 47/48 | €170,848 | €696,459 | +€525,611 | +308% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,438 | €23,283 | +€844 | +3.8% |
| Gross operating margin | 9900 | €81,121 | €82,328 | +€1,208 | +1.5% |
| Operating profit (loss) | 9901 | €58,682 | €59,046 | +€363 | +0.6% |
| Financial income | 75/76B | €281 | €480,457 | +€480,176 | +170,899% |
| Recurring financial income | 75 | €281 | €480,457 | +€480,176 | +170,899% |
| Financial charges | 65/66B | €3,061 | €25,470 | +€22,409 | +732% |
| Recurring financial charges | 65 | €3,061 | €25,470 | +€22,409 | +732% |
| Profit (loss) for the period before taxes | 9903 | €55,902 | €514,033 | +€458,130 | +820% |
| Income taxes | 67/77 | €14,819 | €9,481 | -€5,338 | -36.0% |
| Profit (loss) for the period | 9904 | €41,083 | €504,552 | +€463,468 | +1,128% |
| Profit (loss) for the period to be appropriated | 9905 | €41,083 | €504,552 | +€463,468 | +1,128% |
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 29 October 2026 via checked.be.