VVK: 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.
VVK
Largest movements
- Receivables within one year +€6,609
up €6,609 (+129.5%), from €5,102 to €11,711
of which Other amounts receivable: +€7,196
- Cash +€1,797
up €1,797 (+364.5%), from €493 to €2,290
mainly Net result for the year (+€15,509) and Depreciation (+€2,839)
- Profit (loss) carried forward +€15,509
up €15,509, from -€4,061 to €11,448
- Other debts -€4,780
no longer reported in 2025 (was €4,780)
- Debts after one year -€2,875
down €2,875 (-21.1%), from €13,635 to €10,760
- Gross operating margin +€12,182
up €12,182 (+149.5%), from €8,150 to €20,332
- Other operating charges -€2,150
down €2,150 (-69.5%), from €3,093 to €943
- Depreciation +€1,195
up €1,195 (+72.7%), from €1,644 to €2,839
- Financial charges -€596
down €596 (-32.0%), from €1,860 to €1,264
- Financial income +€223
new in 2025: €223
of which Financial income: +€223
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 | €26,894 | €35,151 | +€8,257 | +30.7% |
| Fixed assets | 21/28 | €21,299 | €21,150 | -€149 | -0.7% |
| Tangible fixed assets | 22/27 | €20,989 | €21,150 | +€161 | +0.8% |
| Land and buildings | 22 | €19,600 | €18,900 | -€700 | -3.6% |
| Furniture and vehicles | 24 | €1,389 | €2,250 | +€861 | +62.0% |
| Financial fixed assets | 28 | €310 | - | -€310 | |
| Current assets | 29/58 | €5,595 | €14,001 | +€8,406 | +150.2% |
| Amounts receivable within one year | 40/41 | €5,102 | €11,711 | +€6,609 | +129.5% |
| Trade receivables | 40 | €3,270 | €2,683 | -€587 | -18.0% |
| Other amounts receivable | 41 | €1,832 | €9,028 | +€7,196 | +392.8% |
| Cash at bank and in hand | 54/58 | €493 | €2,290 | +€1,797 | +364.5% |
| Total equity and liabilities | 10/49 | €26,894 | €35,151 | +€8,257 | +30.7% |
| Equity | 10/15 | €3,999 | €19,508 | +€15,509 | +387.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,061 | €11,448 | +€15,509 | |
| Amounts payable | 17/49 | €22,895 | €15,643 | -€7,252 | -31.7% |
| Amounts payable after more than one year | 17 | €13,635 | €10,760 | -€2,875 | -21.1% |
| Financial debts | 170/4 | €13,635 | €10,760 | -€2,875 | -21.1% |
| Amounts payable within one year | 42/48 | €9,260 | €4,883 | -€4,377 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €4,333 | €4,412 | +€79 | +1.8% |
| Trade debts | 44 | €143 | €378 | +€235 | +164.3% |
| Suppliers | 440/4 | €143 | €378 | +€235 | +164.3% |
| Taxes, remuneration and social security | 45 | €4 | €93 | +€89 | +2225.0% |
| Taxes | 450/3 | €4 | €93 | +€89 | +2225.0% |
| Other amounts payable | 47/48 | €4,780 | - | -€4,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,644 | €2,839 | +€1,195 | +72.7% |
| Other operating charges | 640/8 | €3,093 | €943 | -€2,150 | -69.5% |
| Gross operating margin | 9900 | €8,150 | €20,332 | +€12,182 | +149.5% |
| Operating profit (loss) | 9901 | €3,413 | €16,550 | +€13,137 | +384.9% |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Non-recurring financial income | 76B | - | €223 | +€223 | |
| Financial charges | 65/66B | €1,860 | €1,264 | -€596 | -32.0% |
| Recurring financial charges | 65 | €1,860 | €1,264 | -€596 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €1,553 | €15,509 | +€13,956 | +898.6% |
| Profit (loss) for the period | 9904 | €1,553 | €15,509 | +€13,956 | +898.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,553 | €15,509 | +€13,956 | +898.6% |
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 4 October 2026 via checked.be.