VW Pro: 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.
VW Pro
Largest movements
- Current investments +€56,699
up €56,699 (+12.7%), from €447,497 to €504,196
- Tangible fixed assets -€33,738
down €33,738 (-42.2%), from €80,017 to €46,279
of which Furniture and vehicles: -€32,966
- Receivables within one year +€28,568
up €28,568 (+11.1%), from €258,446 to €287,014
of which Trade receivables: +€27,225
- Reserves +€78,054
up €78,054 (+9.8%), from €799,998 to €878,052
of which Distributable reserves: +€78,054
- Other debts -€20,262
down €20,262 (-40.3%), from €50,262 to €30,000
- Gross operating margin +€6,705
up €6,705 (+3.9%), from €172,068 to €178,773
- Financial income +€5,704
up €5,704 (+51.8%), from €11,004 to €16,708
- Taxes +€2,066
up €2,066 (+4.6%), from €44,636 to €46,702
- Financial charges +€1,878
up €1,878 (+174%), from €1,076 to €2,954
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 | €879,564 | €931,445 | +€51,881 | +5.9% |
| Fixed assets | 21/28 | €80,017 | €46,279 | -€33,738 | -42.2% |
| Tangible fixed assets | 22/27 | €80,017 | €46,279 | -€33,738 | -42.2% |
| Furniture and vehicles | 24 | €78,475 | €45,509 | -€32,966 | -42.0% |
| Other tangible fixed assets | 26 | €1,542 | €770 | -€772 | -50.1% |
| Current assets | 29/58 | €799,547 | €885,166 | +€85,620 | +10.7% |
| Amounts receivable within one year | 40/41 | €258,446 | €287,014 | +€28,568 | +11.1% |
| Trade receivables | 40 | €8,446 | €35,671 | +€27,225 | +322% |
| Other amounts receivable | 41 | €250,000 | €251,343 | +€1,343 | +0.5% |
| Current investments | 50/53 | €447,497 | €504,196 | +€56,699 | +12.7% |
| Cash at bank and in hand | 54/58 | €92,506 | €92,842 | +€336 | +0.4% |
| Deferred charges and accrued income | 490/1 | €1,098 | €1,114 | +€16 | +1.5% |
| Total equity and liabilities | 10/49 | €879,564 | €931,445 | +€51,881 | +5.9% |
| Equity | 10/15 | €800,248 | €878,302 | +€78,054 | +9.8% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €799,998 | €878,052 | +€78,054 | +9.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €781,248 | €859,302 | +€78,054 | +10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,316 | €53,143 | -€26,173 | -33.0% |
| Amounts payable within one year | 42/48 | €77,316 | €51,143 | -€26,173 | -33.9% |
| Trade debts | 44 | €3,905 | €2,711 | -€1,194 | -30.6% |
| Suppliers | 440/4 | €3,905 | €2,711 | -€1,194 | -30.6% |
| Taxes, remuneration and social security | 45 | €23,149 | €18,431 | -€4,717 | -20.4% |
| Taxes | 450/3 | €23,149 | €18,431 | -€4,717 | -20.4% |
| Other amounts payable | 47/48 | €50,262 | €30,000 | -€20,262 | -40.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,790 | €33,406 | -€385 | -1.1% |
| Other operating charges | 640/8 | €2,087 | €2,454 | +€367 | +17.6% |
| Non-recurring operating charges | 66A | €0 | €333 | +€333 | |
| Gross operating margin | 9900 | €172,068 | €178,773 | +€6,705 | +3.9% |
| Operating profit (loss) | 9901 | €136,191 | €142,581 | +€6,391 | +4.7% |
| Financial income | 75/76B | €11,004 | €16,708 | +€5,704 | +51.8% |
| Recurring financial income | 75 | €11,004 | €16,708 | +€5,704 | +51.8% |
| Financial charges | 65/66B | €1,076 | €2,954 | +€1,878 | +174% |
| Recurring financial charges | 65 | €1,076 | €2,954 | +€1,878 | +174% |
| Profit (loss) for the period before taxes | 9903 | €146,118 | €156,335 | +€10,216 | +7.0% |
| Income taxes | 67/77 | €44,636 | €46,702 | +€2,066 | +4.6% |
| Profit (loss) for the period | 9904 | €101,482 | €109,633 | +€8,150 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,482 | €109,633 | +€8,150 | +8.0% |
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 30 October 2026 via checked.be.