VVK PROTECT: 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.
VVK PROTECT
Largest movements
- Stocks and contracts -€32,798
down €32,798 (-33.0%), from €99,446 to €66,648
- Receivables within one year -€7,403
down €7,403 (-54.3%), from €13,634 to €6,231
of which Trade receivables: -€3,709
- Tangible fixed assets -€6,652
down €6,652 (-14.8%), from €45,047 to €38,395
of which Furniture and vehicles: -€9,180
- Profit (loss) carried forward -€48,756
down €48,756 (-15.6%), from -€313,321 to -€362,077
- Trade debts +€2,576
up €2,576 (+61.1%), from €4,218 to €6,794
- Other debts -€1,711
down €1,711 (-0.8%), from €205,118 to €203,407
- Gross operating margin -€29,653
down €29,653 (-370%), from -€8,019 to -€37,672
- Depreciation +€8,435
up €8,435 (+986%), from €855 to €9,290
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.
Derived cash bridge
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 | €164,741 | €116,854 | -€47,888 | -29.1% |
| Fixed assets | 21/28 | €45,047 | €38,395 | -€6,652 | -14.8% |
| Tangible fixed assets | 22/27 | €45,047 | €38,395 | -€6,652 | -14.8% |
| Plant, machinery and equipment | 23 | - | €2,528 | +€2,528 | |
| Furniture and vehicles | 24 | €45,047 | €35,866 | -€9,180 | -20.4% |
| Current assets | 29/58 | €119,695 | €78,459 | -€41,236 | -34.5% |
| Stocks and contracts in progress | 3 | €99,446 | €66,648 | -€32,798 | -33.0% |
| Stocks | 30/36 | €99,446 | €66,648 | -€32,798 | -33.0% |
| Amounts receivable within one year | 40/41 | €13,634 | €6,231 | -€7,403 | -54.3% |
| Trade receivables | 40 | €8,549 | €4,840 | -€3,709 | -43.4% |
| Other amounts receivable | 41 | €5,085 | €1,391 | -€3,694 | -72.7% |
| Cash at bank and in hand | 54/58 | €1,519 | €189 | -€1,330 | -87.6% |
| Deferred charges and accrued income | 490/1 | €5,096 | €5,392 | +€296 | +5.8% |
| Total equity and liabilities | 10/49 | €164,741 | €116,854 | -€47,888 | -29.1% |
| Equity | 10/15 | -€44,721 | -€93,477 | -€48,756 | -109% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€313,321 | -€362,077 | -€48,756 | -15.6% |
| Amounts payable | 17/49 | €209,462 | €210,331 | +€869 | +0.4% |
| Amounts payable within one year | 42/48 | €209,462 | €210,331 | +€869 | +0.4% |
| Trade debts | 44 | €4,218 | €6,794 | +€2,576 | +61.1% |
| Suppliers | 440/4 | €4,218 | €6,794 | +€2,576 | +61.1% |
| Taxes, remuneration and social security | 45 | €126 | €130 | +€4 | +3.3% |
| Taxes | 450/3 | €126 | €130 | +€4 | +3.3% |
| Other amounts payable | 47/48 | €205,118 | €203,407 | -€1,711 | -0.8% |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €9,290 | +€8,435 | +986% |
| Other operating charges | 640/8 | €1,773 | €1,504 | -€269 | -15.2% |
| Gross operating margin | 9900 | -€8,019 | -€37,672 | -€29,653 | -370% |
| Operating profit (loss) | 9901 | -€10,648 | -€48,466 | -€37,818 | -355% |
| Financial charges | 65/66B | €155 | €160 | +€5 | +2.9% |
| Recurring financial charges | 65 | €155 | €160 | +€5 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,803 | -€48,626 | -€37,823 | -350% |
| Income taxes | 67/77 | €126 | €130 | +€4 | +3.3% |
| Profit (loss) for the period | 9904 | -€10,929 | -€48,756 | -€37,827 | -346% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,929 | -€48,756 | -€37,827 | -346% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.