VC Projects: what changed
VC Projects
Largest movements
- Cash -€5,632
down €5,632 (-11.7%), from €48,274 to €42,641
mainly Investment in fixed assets (net) (-€2,500) and Net result for the year (-€2,350)
- Financial fixed assets +€2,500
new in 2025: €2,500
- Receivables within one year +€586
up €586 (+7.5%), from €7,845 to €8,431
of which Other amounts receivable: +€586
- Reserves -€2,350
down €2,350 (-5.6%), from €41,990 to €39,639
- Tax, wage and social debts -€699
down €699 (-40.4%), from €1,729 to €1,030
- Gross operating margin -€12,129
down €12,129, from €9,920 to -€2,209
- Taxes -€885
down €885 (-100%), from €885 to €0
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 | €56,119 | €53,572 | -€2,546 | -4.5% |
| Fixed assets | 21/28 | - | €2,500 | +€2,500 | |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €56,119 | €51,072 | -€5,046 | -9.0% |
| Amounts receivable within one year | 40/41 | €7,845 | €8,431 | +€586 | +7.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,845 | €8,431 | +€586 | +7.5% |
| Cash at bank and in hand | 54/58 | €48,274 | €42,641 | -€5,632 | -11.7% |
| Total equity and liabilities | 10/49 | €56,119 | €53,572 | -€2,546 | -4.5% |
| Equity | 10/15 | €54,390 | €52,039 | -€2,350 | -4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,990 | €39,639 | -€2,350 | -5.6% |
| Distributable reserves | 133 | €41,990 | €39,639 | -€2,350 | -5.6% |
| Amounts payable | 17/49 | €1,729 | €1,533 | -€196 | -11.3% |
| Amounts payable within one year | 42/48 | €1,729 | €1,533 | -€196 | -11.3% |
| Trade debts | 44 | - | €503 | +€503 | |
| Suppliers | 440/4 | - | €503 | +€503 | |
| Taxes, remuneration and social security | 45 | €1,729 | €1,030 | -€699 | -40.4% |
| Taxes | 450/3 | €1,729 | €1,030 | -€699 | -40.4% |
| Other operating charges | 640/8 | €513 | €465 | -€48 | -9.3% |
| Gross operating margin | 9900 | €9,920 | -€2,209 | -€12,129 | |
| Operating profit (loss) | 9901 | €9,406 | -€2,675 | -€12,081 | |
| Financial income | 75/76B | €469 | €535 | +€66 | +14.2% |
| Recurring financial income | 75 | €469 | €535 | +€66 | +14.2% |
| Financial charges | 65/66B | €145 | €211 | +€66 | +45.5% |
| Recurring financial charges | 65 | €145 | €211 | +€66 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €9,730 | -€2,350 | -€12,081 | |
| Income taxes | 67/77 | €885 | €0 | -€885 | -100% |
| Profit (loss) for the period | 9904 | €8,846 | -€2,350 | -€11,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,846 | -€2,350 | -€11,196 |
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 2 November 2026 via checked.be.