V.B.M.: what changed
Two fiscal 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
- Tangible fixed assets -€5,190
down €5,190 (-18.7%), from €27,753 to €22,563
of which Furniture and vehicles: -€3,761
- Stocks and contracts -€840
down €840 (-12.0%), from €6,988 to €6,148
- Formation expenses +€778
up €778 (+74.6%), from €1,042 to €1,820
- Deferred charges and accrued income -€710
down €710 (-5.7%), from €12,550 to €11,840
- Profit (loss) carried forward -€4,080
down €4,080 (-14.2%), from €28,775 to €24,695
- Short-term financial debts +€3,993
new in 2024: €3,993
- Tax, wage and social debts -€3,507
down €3,507 (-92.7%), from €3,783 to €275
of which Taxes: -€2,507
- Debts after one year -€1,640
down €1,640 (-38.4%), from €4,274 to €2,634
- Gross operating margin +€2,800
up €2,800 (+120.4%), from €2,326 to €5,125
- Depreciation +€478
up €478 (+7.4%), from €6,447 to €6,925
- Financial charges +€295
up €295 (+46.3%), from €638 to €933
- Other operating charges +€139
up €139 (+11.5%), from €1,210 to €1,349
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,492 | €52,034 | -€5,459 | -9.5% |
| Formation expenses | 20 | €1,042 | €1,820 | +€778 | +74.6% |
| Fixed assets | 21/28 | €27,765 | €22,575 | -€5,190 | -18.7% |
| Tangible fixed assets | 22/27 | €27,753 | €22,563 | -€5,190 | -18.7% |
| Plant, machinery and equipment | 23 | €2,576 | €1,846 | -€729 | -28.3% |
| Furniture and vehicles | 24 | €12,829 | €9,068 | -€3,761 | -29.3% |
| Other tangible fixed assets | 26 | €12,348 | €11,649 | -€700 | -5.7% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €28,685 | €27,639 | -€1,046 | -3.6% |
| Stocks and contracts in progress | 3 | €6,988 | €6,148 | -€840 | -12.0% |
| Stocks | 30/36 | €6,988 | €6,148 | -€840 | -12.0% |
| Amounts receivable within one year | 40/41 | €6,026 | €6,014 | -€13 | -0.2% |
| Trade receivables | 40 | - | €507 | +€507 | |
| Other amounts receivable | 41 | €6,026 | €5,507 | -€520 | -8.6% |
| Cash at bank and in hand | 54/58 | €3,120 | €3,638 | +€518 | +16.6% |
| Deferred charges and accrued income | 490/1 | €12,550 | €11,840 | -€710 | -5.7% |
| Total equity and liabilities | 10/49 | €57,492 | €52,034 | -€5,459 | -9.5% |
| Equity | 10/15 | €45,319 | €41,239 | -€4,080 | -9.0% |
| Contributions | 10/11 | €14,685 | €14,685 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,775 | €24,695 | -€4,080 | -14.2% |
| Amounts payable | 17/49 | €12,173 | €10,795 | -€1,378 | -11.3% |
| Amounts payable after more than one year | 17 | €4,274 | €2,634 | -€1,640 | -38.4% |
| Financial debts | 170/4 | €4,274 | €2,634 | -€1,640 | -38.4% |
| Amounts payable within one year | 42/48 | €7,899 | €8,064 | +€165 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €1,684 | €1,715 | +€32 | +1.9% |
| Financial debts | 43 | - | €3,993 | +€3,993 | |
| Credit institutions | 430/8 | - | €3,993 | +€3,993 | |
| Trade debts | 44 | €2,433 | €2,081 | -€352 | -14.5% |
| Suppliers | 440/4 | €2,433 | €2,081 | -€352 | -14.5% |
| Taxes, remuneration and social security | 45 | €3,783 | €275 | -€3,507 | -92.7% |
| Taxes | 450/3 | €2,783 | €275 | -€2,507 | -90.1% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | - | €97 | +€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,447 | €6,925 | +€478 | +7.4% |
| Other operating charges | 640/8 | €1,210 | €1,349 | +€139 | +11.5% |
| Gross operating margin | 9900 | €2,326 | €5,125 | +€2,800 | +120.4% |
| Operating profit (loss) | 9901 | -€5,332 | -€3,149 | +€2,182 | +40.9% |
| Financial income | 75/76B | €1 | €1 | +€1 | +97.2% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +97.2% |
| Financial charges | 65/66B | €638 | €933 | +€295 | +46.3% |
| Recurring financial charges | 65 | €638 | €933 | +€295 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,969 | -€4,080 | +€1,888 | +31.6% |
| Profit (loss) for the period | 9904 | -€5,969 | -€4,080 | +€1,888 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,969 | -€4,080 | +€1,888 | +31.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.