VVLaw: 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.
VVLaw
Largest movements
- Receivables within one year +€69,280
up €69,280 (+49.7%), from €139,529 to €208,809
of which Trade receivables: +€66,988
- Cash +€3,904
up €3,904 (+13.1%), from €29,887 to €33,792
mainly Net result for the year (+€219,161) and Other debts (+€55,801)
- Other debts +€55,801
up €55,801 (+35.0%), from €159,592 to €215,393
- Reserves +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€8,224
up €8,224 (+63.4%), from €12,980 to €21,204
- Gross operating margin +€88,305
up €88,305 (+43.1%), from €204,881 to €293,186
- Taxes +€21,386
up €21,386 (+46.2%), from €46,259 to €67,645
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 | €194,708 | €269,119 | +€74,411 | +38.2% |
| Fixed assets | 21/28 | €23,955 | €25,175 | +€1,220 | +5.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €20,844 | €22,064 | +€1,220 | +5.9% |
| Furniture and vehicles | 24 | €6,907 | €3,899 | -€3,008 | -43.6% |
| Other tangible fixed assets | 26 | €13,938 | €18,166 | +€4,228 | +30.3% |
| Financial fixed assets | 28 | €3,111 | €3,111 | = | 0.0% |
| Current assets | 29/58 | €170,752 | €243,944 | +€73,191 | +42.9% |
| Amounts receivable within one year | 40/41 | €139,529 | €208,809 | +€69,280 | +49.7% |
| Trade receivables | 40 | €139,529 | €206,517 | +€66,988 | +48.0% |
| Other amounts receivable | 41 | - | €2,292 | +€2,292 | |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,887 | €33,792 | +€3,904 | +13.1% |
| Deferred charges and accrued income | 490/1 | €336 | €342 | +€6 | +1.9% |
| Total equity and liabilities | 10/49 | €194,708 | €269,119 | +€74,411 | +38.2% |
| Equity | 10/15 | €21,431 | €30,592 | +€9,161 | +42.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €971 | €132 | -€839 | -86.4% |
| Amounts payable | 17/49 | €173,277 | €238,527 | +€65,249 | +37.7% |
| Amounts payable within one year | 42/48 | €173,190 | €238,422 | +€65,233 | +37.7% |
| Financial debts | 43 | €109 | €738 | +€629 | +579% |
| Credit institutions | 430/8 | €109 | €738 | +€629 | +579% |
| Trade debts | 44 | €508 | €1,087 | +€579 | +114% |
| Suppliers | 440/4 | €508 | €1,087 | +€579 | +114% |
| Taxes, remuneration and social security | 45 | €12,980 | €21,204 | +€8,224 | +63.4% |
| Taxes | 450/3 | €12,980 | €21,204 | +€8,224 | +63.4% |
| Other amounts payable | 47/48 | €159,592 | €215,393 | +€55,801 | +35.0% |
| Accrued charges and deferred income | 492/3 | €88 | €104 | +€17 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,268 | €4,500 | +€1,232 | +37.7% |
| Other operating charges | 640/8 | €699 | €794 | +€95 | +13.6% |
| Gross operating margin | 9900 | €204,881 | €293,186 | +€88,305 | +43.1% |
| Operating profit (loss) | 9901 | €200,914 | €287,892 | +€86,978 | +43.3% |
| Financial charges | 65/66B | €862 | €1,085 | +€223 | +25.9% |
| Recurring financial charges | 65 | €862 | €1,085 | +€223 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €200,052 | €286,807 | +€86,755 | +43.4% |
| Income taxes | 67/77 | €46,259 | €67,645 | +€21,386 | +46.2% |
| Profit (loss) for the period | 9904 | €153,793 | €219,161 | +€65,369 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €153,793 | €219,161 | +€65,369 | +42.5% |
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 23 October 2026 via checked.be.