NEW VEBO: 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.
NEW VEBO
Largest movements
- Receivables within one year -€2,207
down €2,207 (-6.8%), from €32,622 to €30,415
- Profit (loss) carried forward -€2,217
down €2,217 (-2.1%), from -€103,606 to -€105,823
- Gross operating margin +€33,480
no longer reported in 2025 (was -€33,480)
- Financial charges -€19,898
down €19,898 (-90.0%), from €22,116 to €2,217
of which Non-recurring financial charges: -€20,764
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,622 | €30,415 | -€2,207 | -6.8% |
| Current assets | 29/58 | €32,622 | €30,415 | -€2,207 | -6.8% |
| Amounts receivable within one year | 40/41 | €32,622 | €30,415 | -€2,207 | -6.8% |
| Other amounts receivable | 41 | €32,622 | €30,415 | -€2,207 | -6.8% |
| Total equity and liabilities | 10/49 | €32,622 | €30,415 | -€2,207 | -6.8% |
| Equity | 10/15 | €22,646 | €20,429 | -€2,217 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,652 | €107,652 | = | 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 | €105,792 | €105,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,606 | -€105,823 | -€2,217 | -2.1% |
| Amounts payable | 17/49 | €9,975 | €9,986 | +€10 | +0.1% |
| Amounts payable within one year | 42/48 | €9,975 | €9,986 | +€10 | +0.1% |
| Financial debts | 43 | €9,975 | €9,986 | +€10 | +0.1% |
| Credit institutions | 430/8 | €9,975 | €9,986 | +€10 | +0.1% |
| Other operating charges | 640/8 | €197 | - | -€197 | |
| Gross operating margin | 9900 | -€33,480 | - | +€33,480 | |
| Operating profit (loss) | 9901 | -€33,678 | - | +€33,678 | |
| Financial charges | 65/66B | €22,116 | €2,217 | -€19,898 | -90.0% |
| Recurring financial charges | 65 | €1,352 | €2,217 | +€866 | +64.1% |
| Non-recurring financial charges | 66B | €20,764 | - | -€20,764 | |
| Profit (loss) for the period before taxes | 9903 | -€55,793 | -€2,217 | +€53,576 | +96.0% |
| Profit (loss) for the period | 9904 | -€55,793 | -€2,217 | +€53,576 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,793 | -€2,217 | +€53,576 | +96.0% |
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 18 October 2026 via checked.be.