VVC SERVICE: 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.
VVC SERVICE
Largest movements
- Tangible fixed assets -€9,821
down €9,821 (-25.6%), from €38,419 to €28,598
of which Furniture and vehicles: -€11,181
- Stocks and contracts +€7,364
up €7,364 (+14.0%), from €52,781 to €60,145
- Receivables within one year -€2,044
down €2,044 (-15.6%), from €13,135 to €11,091
of which Other amounts receivable: -€5,394
- Cash -€1,392
down €1,392 (-10.0%), from €13,926 to €12,534
mainly Contributions, distributions and other (-€35,960) and Debts after one year (-€10,318)
- Reserves -€31,941
down €31,941 (-64.2%), from €49,760 to €17,819
- Other debts +€25,811
up €25,811 (+13,607%), from €190 to €26,001
- Contributions +€13,800
up €13,800 (+223%), from €6,200 to €20,000
- Debts after one year -€10,318
down €10,318 (-51.6%), from €20,015 to €9,697
- Tax, wage and social debts +€5,417
up €5,417 (+136%), from €3,987 to €9,403
- Gross operating margin +€25,459
up €25,459 (+153%), from €16,610 to €42,069
- Taxes +€2,101
up €2,101 (+88.8%), from €2,368 to €4,469
- Depreciation +€872
up €872 (+6.4%), from €13,610 to €14,482
- Financial charges +€793
up €793 (+37.1%), from €2,141 to €2,935
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 | €118,880 | €113,010 | -€5,870 | -4.9% |
| Fixed assets | 21/28 | €38,419 | €28,598 | -€9,821 | -25.6% |
| Tangible fixed assets | 22/27 | €38,419 | €28,598 | -€9,821 | -25.6% |
| Plant, machinery and equipment | 23 | €13,397 | €14,757 | +€1,360 | +10.2% |
| Furniture and vehicles | 24 | €25,022 | €13,840 | -€11,181 | -44.7% |
| Current assets | 29/58 | €80,461 | €84,412 | +€3,951 | +4.9% |
| Stocks and contracts in progress | 3 | €52,781 | €60,145 | +€7,364 | +14.0% |
| Stocks | 30/36 | €52,781 | €60,145 | +€7,364 | +14.0% |
| Amounts receivable within one year | 40/41 | €13,135 | €11,091 | -€2,044 | -15.6% |
| Trade receivables | 40 | €7,741 | €11,091 | +€3,350 | +43.3% |
| Other amounts receivable | 41 | €5,394 | - | -€5,394 | |
| Cash at bank and in hand | 54/58 | €13,926 | €12,534 | -€1,392 | -10.0% |
| Deferred charges and accrued income | 490/1 | €619 | €642 | +€23 | +3.8% |
| Total equity and liabilities | 10/49 | €118,880 | €113,010 | -€5,870 | -4.9% |
| Equity | 10/15 | €55,960 | €37,819 | -€18,141 | -32.4% |
| Contributions | 10/11 | €6,200 | €20,000 | +€13,800 | +223% |
| Reserves | 13 | €49,760 | €17,819 | -€31,941 | -64.2% |
| Distributable reserves | 133 | €49,760 | €17,819 | -€31,941 | -64.2% |
| Amounts payable | 17/49 | €62,920 | €75,191 | +€12,271 | +19.5% |
| Amounts payable after more than one year | 17 | €20,015 | €9,697 | -€10,318 | -51.6% |
| Financial debts | 170/4 | €20,015 | €9,697 | -€10,318 | -51.6% |
| Amounts payable within one year | 42/48 | €42,906 | €65,495 | +€22,589 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €13,643 | €10,318 | -€3,324 | -24.4% |
| Financial debts | 43 | €2,098 | €2,036 | -€62 | -3.0% |
| Credit institutions | 430/8 | €2,098 | €2,036 | -€62 | -3.0% |
| Trade debts | 44 | €22,989 | €17,736 | -€5,253 | -22.8% |
| Suppliers | 440/4 | €22,989 | €17,736 | -€5,253 | -22.8% |
| Taxes, remuneration and social security | 45 | €3,987 | €9,403 | +€5,417 | +136% |
| Taxes | 450/3 | €3,987 | €9,403 | +€5,417 | +136% |
| Other amounts payable | 47/48 | €190 | €26,001 | +€25,811 | +13,607% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,610 | €14,482 | +€872 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €807 | €598 | -€209 | -25.9% |
| Other operating charges | 640/8 | €1,354 | €1,388 | +€34 | +2.5% |
| Non-recurring operating charges | 66A | - | €378 | +€378 | |
| Gross operating margin | 9900 | €16,610 | €42,069 | +€25,459 | +153% |
| Operating profit (loss) | 9901 | €839 | €25,223 | +€24,384 | +2,905% |
| Financial charges | 65/66B | €2,141 | €2,935 | +€793 | +37.1% |
| Recurring financial charges | 65 | €2,141 | €2,935 | +€793 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,302 | €22,288 | +€23,590 | |
| Income taxes | 67/77 | €2,368 | €4,469 | +€2,101 | +88.8% |
| Profit (loss) for the period | 9904 | -€3,670 | €17,819 | +€21,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,670 | €17,819 | +€21,489 |
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.