FIDUCIAIRE VBMG: 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.
FIDUCIAIRE VBMG
Largest movements
- Cash +€48,657
up €48,657 (+49.3%), from €98,626 to €147,283
mainly Net result for the year (+€56,587) and Tax, wage and social debts (+€9,473)
- Tangible fixed assets -€7,402
down €7,402 (-40.2%), from €18,404 to €11,002
of which Furniture and vehicles: -€5,159
- Reserves +€41,500
up €41,500 (+37.8%), from €109,900 to €151,400
of which Distributable reserves: +€41,500
- Tax, wage and social debts +€9,473
up €9,473 (+83.8%), from €11,304 to €20,776
of which Taxes: +€8,473
- Other debts -€5,545
down €5,545 (-12.3%), from €45,132 to €39,587
- Gross operating margin +€32,726
up €32,726 (+54.9%), from €59,640 to €92,365
- Staff costs +€5,029
up €5,029 (+160%), from €3,142 to €8,170
- Taxes +€3,728
up €3,728 (+26.6%), from €14,014 to €17,742
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 | €213,594 | €256,957 | +€43,364 | +20.3% |
| Fixed assets | 21/28 | €18,404 | €11,002 | -€7,402 | -40.2% |
| Tangible fixed assets | 22/27 | €18,404 | €11,002 | -€7,402 | -40.2% |
| Furniture and vehicles | 24 | €15,266 | €10,106 | -€5,159 | -33.8% |
| Other tangible fixed assets | 26 | €3,138 | €895 | -€2,243 | -71.5% |
| Current assets | 29/58 | €195,190 | €245,956 | +€50,766 | +26.0% |
| Amounts receivable within one year | 40/41 | €11,412 | €13,968 | +€2,556 | +22.4% |
| Trade receivables | 40 | €6,093 | €12,462 | +€6,369 | +105% |
| Other amounts receivable | 41 | €5,319 | €1,506 | -€3,814 | -71.7% |
| Current investments | 50/53 | €82,613 | €80,942 | -€1,671 | -2.0% |
| Cash at bank and in hand | 54/58 | €98,626 | €147,283 | +€48,657 | +49.3% |
| Deferred charges and accrued income | 490/1 | €2,538 | €3,762 | +€1,224 | +48.2% |
| Total equity and liabilities | 10/49 | €213,594 | €256,957 | +€43,364 | +20.3% |
| Equity | 10/15 | €153,101 | €194,688 | +€41,587 | +27.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €109,900 | €151,400 | +€41,500 | +37.8% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €107,700 | €149,200 | +€41,500 | +38.5% |
| Profit (loss) carried forward | 14 | €3,201 | €3,288 | +€87 | +2.7% |
| Amounts payable | 17/49 | €60,493 | €62,270 | +€1,777 | +2.9% |
| Amounts payable within one year | 42/48 | €60,493 | €62,270 | +€1,777 | +2.9% |
| Trade debts | 44 | €4,057 | €1,906 | -€2,151 | -53.0% |
| Suppliers | 440/4 | €4,057 | €1,906 | -€2,151 | -53.0% |
| Taxes, remuneration and social security | 45 | €11,304 | €20,776 | +€9,473 | +83.8% |
| Taxes | 450/3 | €11,304 | €19,776 | +€8,473 | +75.0% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €45,132 | €39,587 | -€5,545 | -12.3% |
| Remuneration, social security and pensions | 62 | €3,142 | €8,170 | +€5,029 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,927 | €7,402 | -€525 | -6.6% |
| Other operating charges | 640/8 | €628 | €648 | +€20 | +3.2% |
| Gross operating margin | 9900 | €59,640 | €92,365 | +€32,726 | +54.9% |
| Operating profit (loss) | 9901 | €47,944 | €76,145 | +€28,201 | +58.8% |
| Financial income | 75/76B | €1,734 | €871 | -€864 | -49.8% |
| Recurring financial income | 75 | €1,734 | €871 | -€864 | -49.8% |
| Financial charges | 65/66B | €3,542 | €2,687 | -€855 | -24.2% |
| Recurring financial charges | 65 | €3,542 | €2,687 | -€855 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €46,136 | €74,329 | +€28,193 | +61.1% |
| Income taxes | 67/77 | €14,014 | €17,742 | +€3,728 | +26.6% |
| Profit (loss) for the period | 9904 | €32,122 | €56,587 | +€24,465 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,122 | €56,587 | +€24,465 | +76.2% |
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 31 October 2026 via checked.be.