VCPRO: what changed
VCPRO
Largest movements
- Receivables within one year -€10,666
down €10,666 (-34.8%), from €30,689 to €20,022
of which Trade receivables: -€9,177
- Cash +€3,631
up €3,631 (+14.1%), from €25,819 to €29,450
mainly Net result for the year (+€11,232) and Receivables within one year (+€10,666)
- Current portion of long-term debt -€5,588
down €5,588 (-93.1%), from €6,000 to €412
- Profit (loss) carried forward -€2,086
down €2,086, from €539 to -€1,547
- Tax, wage and social debts +€746
up €746 (+7.7%), from €9,662 to €10,408
of which Taxes: +€4,574
- Gross operating margin -€8,478
down €8,478 (-27.4%), from €30,959 to €22,481
- Taxes +€1,799
up €1,799 (+24.6%), from €7,327 to €9,126
- Financial charges +€746
up €746, from -€168 to €577
- Other operating charges +€340
up €340 (+29.9%), from €1,139 to €1,479
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,507 | €49,992 | -€6,515 | -11.5% |
| Fixed assets | 21/28 | - | €520 | +€520 | |
| Tangible fixed assets | 22/27 | - | €520 | +€520 | |
| Furniture and vehicles | 24 | - | €520 | +€520 | |
| Current assets | 29/58 | €56,507 | €49,472 | -€7,035 | -12.4% |
| Amounts receivable within one year | 40/41 | €30,689 | €20,022 | -€10,666 | -34.8% |
| Trade receivables | 40 | €21,178 | €12,001 | -€9,177 | -43.3% |
| Other amounts receivable | 41 | €9,511 | €8,021 | -€1,490 | -15.7% |
| Cash at bank and in hand | 54/58 | €25,819 | €29,450 | +€3,631 | +14.1% |
| Total equity and liabilities | 10/49 | €56,507 | €49,992 | -€6,515 | -11.5% |
| Equity | 10/15 | €39,539 | €37,453 | -€2,086 | -5.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €539 | -€1,547 | -€2,086 | |
| Amounts payable | 17/49 | €16,968 | €12,539 | -€4,429 | -26.1% |
| Amounts payable within one year | 42/48 | €16,968 | €12,539 | -€4,429 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €412 | -€5,588 | -93.1% |
| Trade debts | 44 | €1,306 | €1,719 | +€413 | +31.6% |
| Suppliers | 440/4 | €1,306 | €1,719 | +€413 | +31.6% |
| Taxes, remuneration and social security | 45 | €9,662 | €10,408 | +€746 | +7.7% |
| Taxes | 450/3 | €5,834 | €10,408 | +€4,574 | +78.4% |
| Remuneration and social security | 454/9 | €3,828 | €0 | -€3,828 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €67 | +€67 | |
| Other operating charges | 640/8 | €1,139 | €1,479 | +€340 | +29.9% |
| Gross operating margin | 9900 | €30,959 | €22,481 | -€8,478 | -27.4% |
| Operating profit (loss) | 9901 | €29,820 | €20,935 | -€8,885 | -29.8% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Financial charges | 65/66B | -€168 | €577 | +€746 | |
| Recurring financial charges | 65 | -€168 | €577 | +€746 | |
| Profit (loss) for the period before taxes | 9903 | €30,013 | €20,358 | -€9,655 | -32.2% |
| Income taxes | 67/77 | €7,327 | €9,126 | +€1,799 | +24.6% |
| Profit (loss) for the period | 9904 | €22,686 | €11,232 | -€11,453 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,686 | €11,232 | -€11,453 | -50.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.