VVI: 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.
VVI
Largest movements
- Tangible fixed assets +€52,562
up €52,562 (+24.8%), from €212,019 to €264,580
of which Land and buildings: +€30,020
- Receivables within one year -€40,645
down €40,645 (-36.2%), from €112,343 to €71,698
of which Trade receivables: -€42,343
- Cash +€11,299
up €11,299 (+232%), from €4,863 to €16,162
mainly Receivables within one year (+€40,645) and Other debts (+€38,265)
- Other debts +€38,265
up €38,265 (+17.4%), from €219,687 to €257,951
- Profit (loss) carried forward -€35,130
no longer reported in 2025 (was €35,130)
- Reserves +€31,132
up €31,132 (+58.7%), from €53,000 to €84,132
- Trade debts -€8,843
down €8,843 (-93.7%), from €9,441 to €597
- Depreciation +€4,518
up €4,518 (+97.5%), from €4,636 to €9,154
- Financial income +€3,111
new in 2025: €3,111
- Gross operating margin +€2,331
up €2,331 (+84.9%), from €2,745 to €5,076
- Other operating charges +€1,225
up €1,225 (+77.8%), from €1,575 to €2,800
- Financial charges +€103
up €103 (+80.3%), from €128 to €230
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 | €340,026 | €362,681 | +€22,654 | +6.7% |
| Fixed assets | 21/28 | €221,319 | €273,880 | +€52,562 | +23.7% |
| Tangible fixed assets | 22/27 | €212,019 | €264,580 | +€52,562 | +24.8% |
| Land and buildings | 22 | €212,019 | €242,038 | +€30,020 | +14.2% |
| Furniture and vehicles | 24 | €0 | €22,542 | +€22,542 | |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €118,708 | €88,800 | -€29,907 | -25.2% |
| Amounts receivable within one year | 40/41 | €112,343 | €71,698 | -€40,645 | -36.2% |
| Trade receivables | 40 | €42,343 | - | -€42,343 | |
| Other amounts receivable | 41 | €70,000 | €71,698 | +€1,698 | +2.4% |
| Cash at bank and in hand | 54/58 | €4,863 | €16,162 | +€11,299 | +232% |
| Deferred charges and accrued income | 490/1 | €1,502 | €940 | -€562 | -37.4% |
| Total equity and liabilities | 10/49 | €340,026 | €362,681 | +€22,654 | +6.7% |
| Equity | 10/15 | €108,130 | €104,132 | -€3,998 | -3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €84,132 | +€31,132 | +58.7% |
| Distributable reserves | 133 | €53,000 | €84,132 | +€31,132 | +58.7% |
| Profit (loss) carried forward | 14 | €35,130 | - | -€35,130 | |
| Amounts payable | 17/49 | €231,897 | €258,548 | +€26,652 | +11.5% |
| Amounts payable within one year | 42/48 | €231,897 | €258,548 | +€26,652 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,441 | €597 | -€8,843 | -93.7% |
| Suppliers | 440/4 | €9,441 | €597 | -€8,843 | -93.7% |
| Taxes, remuneration and social security | 45 | €2,769 | €0 | -€2,769 | -100% |
| Taxes | 450/3 | €2,769 | €0 | -€2,769 | -100% |
| Other amounts payable | 47/48 | €219,687 | €257,951 | +€38,265 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,636 | €9,154 | +€4,518 | +97.5% |
| Other operating charges | 640/8 | €1,575 | €2,800 | +€1,225 | +77.8% |
| Gross operating margin | 9900 | €2,745 | €5,076 | +€2,331 | +84.9% |
| Operating profit (loss) | 9901 | -€3,466 | -€6,878 | -€3,412 | -98.4% |
| Financial income | 75/76B | - | €3,111 | +€3,111 | |
| Recurring financial income | 75 | - | €3,111 | +€3,111 | |
| Financial charges | 65/66B | €128 | €230 | +€103 | +80.3% |
| Recurring financial charges | 65 | €128 | €230 | +€103 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,594 | -€3,998 | -€404 | -11.2% |
| Profit (loss) for the period | 9904 | -€3,594 | -€3,998 | -€404 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,594 | -€3,998 | -€404 | -11.2% |
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 18 October 2026 via checked.be.