Belgium-Vending: 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.
Belgium-Vending
Largest movements
- Cash -€17,294
down €17,294 (-47.6%), from €36,319 to €19,025
mainly Deferred charges and accrued income (-€8,361) and Net result for the year (-€6,599)
- Deferred charges and accrued income +€8,361
up €8,361 (+305%), from €2,744 to €11,105
- Tangible fixed assets -€6,607
down €6,607 (-17.2%), from €38,491 to €31,885
of which Other tangible fixed assets: -€4,504
- Stocks and contracts +€5,678
up €5,678 (+58.2%), from €9,753 to €15,431
- Receivables within one year +€2,628
new in 2025: €2,628
- Reserves -€6,599
down €6,599 (-22.1%), from €29,896 to €23,298
- Trade debts +€2,157
up €2,157 (+21.0%), from €10,251 to €12,408
- Other debts -€1,980
down €1,980 (-21.0%), from €9,445 to €7,465
- Accrued charges and deferred income -€1,137
no longer reported in 2025 (was €1,137)
- Staff costs +€33,206
up €33,206 (+14.0%), from €237,308 to €270,514
- Gross operating margin +€13,918
up €13,918 (+5.3%), from €261,880 to €275,798
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 | €87,307 | €80,073 | -€7,233 | -8.3% |
| Fixed assets | 21/28 | €38,491 | €31,885 | -€6,607 | -17.2% |
| Tangible fixed assets | 22/27 | €38,491 | €31,885 | -€6,607 | -17.2% |
| Plant, machinery and equipment | 23 | €10,678 | €9,497 | -€1,181 | -11.1% |
| Furniture and vehicles | 24 | €4,610 | €3,688 | -€922 | -20.0% |
| Other tangible fixed assets | 26 | €23,203 | €18,699 | -€4,504 | -19.4% |
| Current assets | 29/58 | €48,816 | €48,189 | -€627 | -1.3% |
| Stocks and contracts in progress | 3 | €9,753 | €15,431 | +€5,678 | +58.2% |
| Stocks | 30/36 | €9,753 | €15,431 | +€5,678 | +58.2% |
| Amounts receivable within one year | 40/41 | - | €2,628 | +€2,628 | |
| Trade receivables | 40 | - | €2,628 | +€2,628 | |
| Cash at bank and in hand | 54/58 | €36,319 | €19,025 | -€17,294 | -47.6% |
| Deferred charges and accrued income | 490/1 | €2,744 | €11,105 | +€8,361 | +305% |
| Total equity and liabilities | 10/49 | €87,307 | €80,073 | -€7,233 | -8.3% |
| Equity | 10/15 | €31,896 | €25,298 | -€6,599 | -20.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,896 | €23,298 | -€6,599 | -22.1% |
| Distributable reserves | 133 | €29,896 | €23,298 | -€6,599 | -22.1% |
| Amounts payable | 17/49 | €55,411 | €54,776 | -€635 | -1.1% |
| Amounts payable within one year | 42/48 | €54,274 | €54,776 | +€502 | +0.9% |
| Financial debts | 43 | - | €121 | +€121 | |
| Credit institutions | 430/8 | - | €121 | +€121 | |
| Trade debts | 44 | €10,251 | €12,408 | +€2,157 | +21.0% |
| Suppliers | 440/4 | €10,251 | €12,408 | +€2,157 | +21.0% |
| Taxes, remuneration and social security | 45 | €34,578 | €34,782 | +€204 | +0.6% |
| Taxes | 450/3 | €7,961 | €7,127 | -€833 | -10.5% |
| Remuneration and social security | 454/9 | €26,618 | €27,655 | +€1,037 | +3.9% |
| Other amounts payable | 47/48 | €9,445 | €7,465 | -€1,980 | -21.0% |
| Accrued charges and deferred income | 492/3 | €1,137 | - | -€1,137 | |
| Remuneration, social security and pensions | 62 | €237,308 | €270,514 | +€33,206 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,639 | €9,502 | -€1,137 | -10.7% |
| Other operating charges | 640/8 | €1,656 | €1,177 | -€479 | -28.9% |
| Gross operating margin | 9900 | €261,880 | €275,798 | +€13,918 | +5.3% |
| Operating profit (loss) | 9901 | €12,277 | -€5,395 | -€17,672 | |
| Financial income | 75/76B | €7 | €5 | -€2 | -27.5% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -27.5% |
| Financial charges | 65/66B | €72 | €756 | +€684 | +954% |
| Recurring financial charges | 65 | €72 | €756 | +€684 | +954% |
| Profit (loss) for the period before taxes | 9903 | €12,212 | -€6,146 | -€18,358 | |
| Income taxes | 67/77 | €464 | €452 | -€11 | -2.4% |
| Profit (loss) for the period | 9904 | €11,748 | -€6,599 | -€18,347 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,748 | -€6,599 | -€18,347 |
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 29 October 2026 via checked.be.