V.B.M. -: 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.
V.B.M. -
Largest movements
- Cash +€2,826
up €2,826 (+3.5%), from €81,567 to €84,393
mainly Net result for the year (+€5,573) and Deferred charges and accrued income (+€1,286)
- Receivables within one year +€1,807
up €1,807 (+22.9%), from €7,886 to €9,693
- Deferred charges and accrued income -€1,286
down €1,286 (-33.3%), from €3,858 to €2,572
- Reserves +€5,573
up €5,573 (+407%), from €1,368 to €6,941
of which Distributable reserves: +€5,573
- Tax, wage and social debts -€1,198
down €1,198 (-24.1%), from €4,976 to €3,778
- Turnover -€1,642
down €1,642 (-5.0%), from €33,130 to €31,488
- Purchases and services -€1,095
down €1,095 (-4.7%), from €23,098 to €22,003
- Gross operating margin -€547
down €547 (-5.5%), from €10,032 to €9,485
- Taxes +€487
up €487 (+18.5%), from €2,635 to €3,122
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 | €93,311 | €96,658 | +€3,347 | +3.6% |
| Current assets | 29/58 | €93,311 | €96,658 | +€3,347 | +3.6% |
| Amounts receivable within one year | 40/41 | €7,886 | €9,693 | +€1,807 | +22.9% |
| Trade receivables | 40 | €7,886 | €9,693 | +€1,807 | +22.9% |
| Cash at bank and in hand | 54/58 | €81,567 | €84,393 | +€2,826 | +3.5% |
| Deferred charges and accrued income | 490/1 | €3,858 | €2,572 | -€1,286 | -33.3% |
| Total equity and liabilities | 10/49 | €93,311 | €96,658 | +€3,347 | +3.6% |
| Equity | 10/15 | €81,163 | €86,736 | +€5,573 | +6.9% |
| Contributions | 10/11 | €40,981 | €40,981 | -€0 | 0.0% |
| Capital | 10 | €40,981 | €40,981 | -€0 | 0.0% |
| Issued capital | 100 | €40,981 | €40,981 | -€0 | 0.0% |
| Reserves | 13 | €1,368 | €6,941 | +€5,573 | +407% |
| Non-distributable reserves | 130/1 | €1,368 | €1,368 | -€0 | 0.0% |
| Legal reserve | 130 | €1,368 | €1,368 | -€0 | 0.0% |
| Distributable reserves | 133 | - | €5,573 | +€5,573 | |
| Profit (loss) carried forward | 14 | €38,814 | €38,814 | = | 0.0% |
| Amounts payable | 17/49 | €12,148 | €9,922 | -€2,226 | -18.3% |
| Amounts payable within one year | 42/48 | €12,148 | €9,922 | -€2,226 | -18.3% |
| Trade debts | 44 | €3,473 | €2,657 | -€816 | -23.5% |
| Suppliers | 440/4 | €3,473 | €2,657 | -€816 | -23.5% |
| Taxes, remuneration and social security | 45 | €4,976 | €3,778 | -€1,198 | -24.1% |
| Taxes | 450/3 | €4,976 | €3,778 | -€1,198 | -24.1% |
| Other amounts payable | 47/48 | €3,699 | €3,487 | -€212 | -5.7% |
| Turnover | 70 | €33,130 | €31,488 | -€1,642 | -5.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,098 | €22,003 | -€1,095 | -4.7% |
| Remuneration, social security and pensions | 62 | €190 | - | -€190 | |
| Other operating charges | 640/8 | €1,199 | €1,238 | +€39 | +3.2% |
| Gross operating margin | 9900 | €10,032 | €9,485 | -€547 | -5.5% |
| Operating profit (loss) | 9901 | €8,643 | €8,247 | -€396 | -4.6% |
| Financial income | 75/76B | €462 | €512 | +€50 | +10.9% |
| Recurring financial income | 75 | €462 | €512 | +€50 | +10.9% |
| Financial charges | 65/66B | €42 | €65 | +€23 | +53.9% |
| Recurring financial charges | 65 | €42 | €65 | +€23 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €9,063 | €8,695 | -€368 | -4.1% |
| Income taxes | 67/77 | €2,635 | €3,122 | +€487 | +18.5% |
| Profit (loss) for the period | 9904 | €6,428 | €5,573 | -€855 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,428 | €5,573 | -€855 | -13.3% |
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 23 October 2026 via checked.be.