VZW OUTER: 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.
VZW OUTER
Largest movements
- Tangible fixed assets -€2,640
down €2,640 (-46.7%), from €5,650 to €3,010
of which Plant, machinery and equipment: -€2,099
- Receivables within one year -€2,333
down €2,333 (-23.0%), from €10,136 to €7,803
of which Trade receivables: -€2,493
- Profit (loss) carried forward -€8,950
down €8,950 (-31.6%), from €28,280 to €19,330
- Accrued charges and deferred income +€3,687
up €3,687 (+4,474%), from €82 to €3,770
- Tax, wage and social debts -€818
down €818 (-6.6%), from €12,455 to €11,637
of which Taxes: -€1,793
- Purchases and services +€10,572
up €10,572 (+115%), from €9,180 to €19,752
- Gross operating margin -€5,153
down €5,153 (-14.0%), from €36,737 to €31,584
- Turnover -€3,115
down €3,115 (-6.8%), from €45,771 to €42,655
- Staff costs +€1,189
up €1,189 (+3.3%), from €36,035 to €37,224
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 | €40,817 | €35,108 | -€5,709 | -14.0% |
| Fixed assets | 21/28 | €5,650 | €3,010 | -€2,640 | -46.7% |
| Tangible fixed assets | 22/27 | €5,650 | €3,010 | -€2,640 | -46.7% |
| Plant, machinery and equipment | 23 | €4,568 | €2,469 | -€2,099 | -45.9% |
| Other tangible fixed assets | 26 | €1,082 | €541 | -€541 | -50.0% |
| Current assets | 29/58 | €35,167 | €32,098 | -€3,069 | -8.7% |
| Stocks and contracts in progress | 3 | €537 | €523 | -€14 | -2.7% |
| Stocks | 30/36 | €537 | €523 | -€14 | -2.7% |
| Amounts receivable within one year | 40/41 | €10,136 | €7,803 | -€2,333 | -23.0% |
| Trade receivables | 40 | €9,182 | €6,689 | -€2,493 | -27.1% |
| Other amounts receivable | 41 | €954 | €1,114 | +€160 | +16.7% |
| Cash at bank and in hand | 54/58 | €22,333 | €21,961 | -€372 | -1.7% |
| Deferred charges and accrued income | 490/1 | €2,161 | €1,811 | -€350 | -16.2% |
| Total equity and liabilities | 10/49 | €40,817 | €35,108 | -€5,709 | -14.0% |
| Equity | 10/15 | €28,280 | €19,330 | -€8,950 | -31.6% |
| Profit (loss) carried forward | 14 | €28,280 | €19,330 | -€8,950 | -31.6% |
| Amounts payable | 17/49 | €12,537 | €15,778 | +€3,241 | +25.8% |
| Amounts payable within one year | 42/48 | €12,455 | €12,008 | -€446 | -3.6% |
| Trade debts | 44 | - | €371 | +€371 | |
| Suppliers | 440/4 | - | €371 | +€371 | |
| Taxes, remuneration and social security | 45 | €12,455 | €11,637 | -€818 | -6.6% |
| Taxes | 450/3 | €3,617 | €1,824 | -€1,793 | -49.6% |
| Remuneration and social security | 454/9 | €8,838 | €9,813 | +€975 | +11.0% |
| Accrued charges and deferred income | 492/3 | €82 | €3,770 | +€3,687 | +4,474% |
| Turnover | 70 | €45,771 | €42,655 | -€3,115 | -6.8% |
| Membership fees, donations, legacies and grants | 73 | - | €8,534 | +€8,534 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,180 | €19,752 | +€10,572 | +115% |
| Remuneration, social security and pensions | 62 | €36,035 | €37,224 | +€1,189 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,849 | €2,640 | -€209 | -7.3% |
| Other operating charges | 640/8 | €88 | €510 | +€422 | +481% |
| Gross operating margin | 9900 | €36,737 | €31,584 | -€5,153 | -14.0% |
| Operating profit (loss) | 9901 | -€2,235 | -€8,790 | -€6,555 | -293% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €48 | €160 | +€112 | +231% |
| Recurring financial charges | 65 | €48 | €160 | +€112 | +231% |
| Profit (loss) for the period before taxes | 9903 | -€2,284 | -€8,950 | -€6,667 | -292% |
| Profit (loss) for the period | 9904 | -€2,284 | -€8,950 | -€6,667 | -292% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,284 | -€8,950 | -€6,667 | -292% |
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 17 October 2026 via checked.be.