VP CONCEPT: 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.
VP CONCEPT
Largest movements
- Receivables within one year +€15,436
up €15,436 (+11.5%), from €133,967 to €149,403
of which Other amounts receivable: +€14,452
- Tangible fixed assets -€7,948
down €7,948 (-3.5%), from €225,637 to €217,689
of which Land and buildings: -€6,307
- Cash -€6,689
down €6,689 (-83.8%), from €7,985 to €1,296
mainly Receivables within one year (-€15,436) and Debts after one year (-€11,266)
- Profit (loss) carried forward +€15,779
up €15,779 (+65.5%), from -€24,093 to -€8,314
- Debts after one year -€11,266
down €11,266 (-7.5%), from €149,286 to €138,020
- Trade debts -€6,403
down €6,403 (-53.4%), from €11,980 to €5,577
- Other debts +€4,031
up €4,031 (+50.9%), from €7,912 to €11,943
- Gross operating margin +€36,360
up €36,360, from -€15,774 to €20,586
- Financial income -€34,875
down €34,875 (-88.3%), from €39,505 to €4,630
of which Non-recurring financial income: -€35,394
- Financial charges -€5,149
down €5,149 (-84.0%), from €6,132 to €983
- Other operating charges -€2,071
down €2,071 (-80.4%), from €2,577 to €506
- Taxes -€1,146
no longer reported in 2025 (was €1,146)
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 | €368,689 | €369,253 | +€564 | +0.2% |
| Fixed assets | 21/28 | €226,256 | €218,308 | -€7,948 | -3.5% |
| Tangible fixed assets | 22/27 | €225,637 | €217,689 | -€7,948 | -3.5% |
| Land and buildings | 22 | €220,976 | €214,669 | -€6,307 | -2.9% |
| Plant, machinery and equipment | 23 | €4,661 | - | -€4,661 | |
| Furniture and vehicles | 24 | - | €3,020 | +€3,020 | |
| Financial fixed assets | 28 | €619 | €619 | = | 0.0% |
| Current assets | 29/58 | €142,433 | €150,945 | +€8,512 | +6.0% |
| Amounts receivable within one year | 40/41 | €133,967 | €149,403 | +€15,436 | +11.5% |
| Trade receivables | 40 | - | €984 | +€984 | |
| Other amounts receivable | 41 | €133,967 | €148,419 | +€14,452 | +10.8% |
| Cash at bank and in hand | 54/58 | €7,985 | €1,296 | -€6,689 | -83.8% |
| Deferred charges and accrued income | 490/1 | €481 | €246 | -€235 | -48.9% |
| Total equity and liabilities | 10/49 | €368,689 | €369,253 | +€564 | +0.2% |
| Equity | 10/15 | €188,504 | €204,283 | +€15,779 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,397 | €206,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €204,537 | €204,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,093 | -€8,314 | +€15,779 | +65.5% |
| Amounts payable | 17/49 | €180,185 | €164,970 | -€15,215 | -8.4% |
| Amounts payable after more than one year | 17 | €149,286 | €138,020 | -€11,266 | -7.5% |
| Financial debts | 170/4 | €149,286 | €138,020 | -€11,266 | -7.5% |
| Amounts payable within one year | 42/48 | €30,899 | €26,950 | -€3,949 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €11,007 | €7,646 | -€3,361 | -30.5% |
| Trade debts | 44 | €11,980 | €5,577 | -€6,403 | -53.4% |
| Suppliers | 440/4 | €11,980 | €5,577 | -€6,403 | -53.4% |
| Taxes, remuneration and social security | 45 | - | €1,784 | +€1,784 | |
| Remuneration and social security | 454/9 | - | €1,784 | +€1,784 | |
| Other amounts payable | 47/48 | €7,912 | €11,943 | +€4,031 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,420 | €7,948 | -€472 | -5.6% |
| Other operating charges | 640/8 | €2,577 | €506 | -€2,071 | -80.4% |
| Gross operating margin | 9900 | -€15,774 | €20,586 | +€36,360 | |
| Operating profit (loss) | 9901 | -€26,771 | €12,132 | +€38,903 | |
| Financial income | 75/76B | €39,505 | €4,630 | -€34,875 | -88.3% |
| Recurring financial income | 75 | €4,111 | €4,630 | +€519 | +12.6% |
| Non-recurring financial income | 76B | €35,394 | - | -€35,394 | |
| Financial charges | 65/66B | €6,132 | €983 | -€5,149 | -84.0% |
| Recurring financial charges | 65 | €6,132 | €983 | -€5,149 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €6,602 | €15,779 | +€9,177 | +139% |
| Income taxes | 67/77 | €1,146 | - | -€1,146 | |
| Profit (loss) for the period | 9904 | €5,456 | €15,779 | +€10,323 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €5,456 | €15,779 | +€10,323 | +189% |
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 26 October 2026 via checked.be.