VWINDOWS: 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.
VWINDOWS
Largest movements
- Current investments +€83,205
new in 2025: €83,205
- Cash -€77,671
no longer reported in 2025 (was €77,671)
mainly Current investments (-€83,205) and Net result for the year (-€12,061)
- Receivables within one year -€11,192
down €11,192 (-44.1%), from €25,402 to €14,211
of which Trade receivables: -€10,083
- Deferred charges and accrued income -€2,483
no longer reported in 2025 (was €2,483)
- Profit (loss) carried forward -€12,061
down €12,061 (-50.8%), from €23,732 to €11,671
- Trade debts +€3,921
new in 2025: €3,921
- Gross operating margin -€12,585
down €12,585, from €523 to -€12,061
- Other operating charges -€281
no longer reported in 2025 (was €281)
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 | €105,556 | €97,416 | -€8,140 | -7.7% |
| Current assets | 29/58 | €105,556 | €97,416 | -€8,140 | -7.7% |
| Amounts receivable within one year | 40/41 | €25,402 | €14,211 | -€11,192 | -44.1% |
| Trade receivables | 40 | €17,510 | €7,427 | -€10,083 | -57.6% |
| Other amounts receivable | 41 | €7,893 | €6,784 | -€1,109 | -14.1% |
| Current investments | 50/53 | - | €83,205 | +€83,205 | |
| Cash at bank and in hand | 54/58 | €77,671 | - | -€77,671 | |
| Deferred charges and accrued income | 490/1 | €2,483 | - | -€2,483 | |
| Total equity and liabilities | 10/49 | €105,556 | €97,416 | -€8,140 | -7.7% |
| Equity | 10/15 | €31,966 | €19,905 | -€12,061 | -37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,034 | €2,034 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,034 | €2,034 | = | 0.0% |
| Legal reserve | 130 | €2,034 | €2,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,732 | €11,671 | -€12,061 | -50.8% |
| Amounts payable | 17/49 | €73,590 | €77,511 | +€3,921 | +5.3% |
| Amounts payable within one year | 42/48 | €73,590 | €77,511 | +€3,921 | +5.3% |
| Trade debts | 44 | - | €3,921 | +€3,921 | |
| Suppliers | 440/4 | - | €3,921 | +€3,921 | |
| Other amounts payable | 47/48 | €73,590 | €73,590 | = | 0.0% |
| Other operating charges | 640/8 | €281 | - | -€281 | |
| Gross operating margin | 9900 | €523 | -€12,061 | -€12,585 | |
| Operating profit (loss) | 9901 | €242 | -€12,061 | -€12,303 | |
| Profit (loss) for the period before taxes | 9903 | €242 | -€12,061 | -€12,303 | |
| Profit (loss) for the period | 9904 | €242 | -€12,061 | -€12,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €242 | -€12,061 | -€12,303 |
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 19 October 2026 via checked.be.