VVAL: 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.
VVAL
Largest movements
- Tangible fixed assets +€83,000
up €83,000 (+8596.9%), from €965 to €83,965
of which Furniture and vehicles: +€80,961
- Cash +€4,081
up €4,081 (+48.5%), from €8,409 to €12,490
mainly Debts after one year (+€72,057) and Depreciation (+€18,362)
- Receivables within one year -€3,418
down €3,418 (-26.3%), from €13,000 to €9,582
of which Trade receivables: -€5,682
- Debts after one year +€72,057
new in 2024: €72,057
- Current portion of long-term debt +€12,771
new in 2024: €12,771
- Tax, wage and social debts +€2,621
up €2,621 (+46.7%), from €5,608 to €8,229
of which Taxes: +€2,360
- Profit (loss) carried forward -€1,862
new in 2024: -€1,862
- Depreciation +€18,359
up €18,359 (+518611.6%), from €4 to €18,362
- Taxes -€4,571
down €4,571 (-81.5%), from €5,608 to €1,037
- Gross operating margin +€4,057
up €4,057 (+20.8%), from €19,467 to €23,523
- Other operating charges +€3,051
new in 2024: €3,051
- Financial charges +€2,915
up €2,915 (+14572.6%), from €20 to €2,935
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 | €27,884 | €112,415 | +€84,531 | +303.1% |
| Fixed assets | 21/28 | €6,475 | €89,475 | +€83,000 | +1281.8% |
| Tangible fixed assets | 22/27 | €965 | €83,965 | +€83,000 | +8596.9% |
| Furniture and vehicles | 24 | €965 | €81,926 | +€80,961 | +8385.7% |
| Other tangible fixed assets | 26 | - | €2,039 | +€2,039 | |
| Financial fixed assets | 28 | €5,510 | €5,510 | = | 0.0% |
| Current assets | 29/58 | €21,409 | €22,940 | +€1,531 | +7.2% |
| Amounts receivable within one year | 40/41 | €13,000 | €9,582 | -€3,418 | -26.3% |
| Trade receivables | 40 | €13,000 | €7,318 | -€5,682 | -43.7% |
| Other amounts receivable | 41 | - | €2,264 | +€2,264 | |
| Cash at bank and in hand | 54/58 | €8,409 | €12,490 | +€4,081 | +48.5% |
| Deferred charges and accrued income | 490/1 | - | €867 | +€867 | |
| Total equity and liabilities | 10/49 | €27,884 | €112,415 | +€84,531 | +303.1% |
| Equity | 10/15 | €16,836 | €14,974 | -€1,862 | -11.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,836 | €13,836 | = | 0.0% |
| Distributable reserves | 133 | €13,836 | €13,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,862 | -€1,862 | |
| Amounts payable | 17/49 | €11,049 | €97,441 | +€86,392 | +781.9% |
| Amounts payable after more than one year | 17 | - | €72,057 | +€72,057 | |
| Financial debts | 170/4 | - | €72,057 | +€72,057 | |
| Amounts payable within one year | 42/48 | €11,049 | €25,384 | +€14,335 | +129.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,771 | +€12,771 | |
| Trade debts | 44 | €969 | - | -€969 | |
| Suppliers | 440/4 | €969 | - | -€969 | |
| Taxes, remuneration and social security | 45 | €5,608 | €8,229 | +€2,621 | +46.7% |
| Taxes | 450/3 | €5,608 | €7,967 | +€2,360 | +42.1% |
| Remuneration and social security | 454/9 | - | €262 | +€262 | |
| Other amounts payable | 47/48 | €4,472 | €4,384 | -€88 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €18,362 | +€18,359 | +518611.6% |
| Other operating charges | 640/8 | - | €3,051 | +€3,051 | |
| Gross operating margin | 9900 | €19,467 | €23,523 | +€4,057 | +20.8% |
| Operating profit (loss) | 9901 | €19,463 | €2,110 | -€17,354 | -89.2% |
| Financial charges | 65/66B | €20 | €2,935 | +€2,915 | +14572.6% |
| Recurring financial charges | 65 | €20 | €2,935 | +€2,915 | +14572.6% |
| Profit (loss) for the period before taxes | 9903 | €19,443 | -€825 | -€20,268 | |
| Income taxes | 67/77 | €5,608 | €1,037 | -€4,571 | -81.5% |
| Profit (loss) for the period | 9904 | €13,836 | -€1,862 | -€15,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,836 | -€1,862 | -€15,697 |
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 1 October 2026 via checked.be.