V B N C: 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 N C
Largest movements
- Cash -€8,445
down €8,445 (-13.2%), from €63,788 to €55,342
mainly Other debts (-€69,673) and Tax, wage and social debts (-€2,509)
- Receivables within one year +€1,839
up €1,839 (+5.3%), from €34,945 to €36,784
- Other debts -€69,673
down €69,673 (-100.0%), from €69,694 to €21
- Profit (loss) carried forward +€64,912
new in 2025: €64,912
- Tax, wage and social debts -€2,509
down €2,509 (-18.1%), from €13,869 to €11,359
of which Taxes: -€2,526
- Gross operating margin -€6,210
down €6,210 (-6.8%), from €91,948 to €85,738
- Taxes -€1,046
down €1,046 (-5.7%), from €18,335 to €17,289
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 | €105,567 | €98,341 | -€7,226 | -6.8% |
| Fixed assets | 21/28 | €5,733 | €5,086 | -€647 | -11.3% |
| Tangible fixed assets | 22/27 | €5,733 | €5,086 | -€647 | -11.3% |
| Furniture and vehicles | 24 | €5,623 | €5,086 | -€537 | -9.5% |
| Other tangible fixed assets | 26 | €110 | - | -€110 | |
| Current assets | 29/58 | €99,834 | €93,255 | -€6,579 | -6.6% |
| Amounts receivable within one year | 40/41 | €34,945 | €36,784 | +€1,839 | +5.3% |
| Trade receivables | 40 | €34,945 | €36,784 | +€1,839 | +5.3% |
| Cash at bank and in hand | 54/58 | €63,788 | €55,342 | -€8,445 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,101 | €1,129 | +€27 | +2.5% |
| Total equity and liabilities | 10/49 | €105,567 | €98,341 | -€7,226 | -6.8% |
| Equity | 10/15 | €20,460 | €85,372 | +€64,912 | +317% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €64,912 | +€64,912 | |
| Amounts payable | 17/49 | €85,107 | €12,969 | -€72,138 | -84.8% |
| Amounts payable within one year | 42/48 | €85,107 | €12,969 | -€72,138 | -84.8% |
| Trade debts | 44 | €1,544 | €1,589 | +€44 | +2.9% |
| Suppliers | 440/4 | €1,544 | €1,589 | +€44 | +2.9% |
| Taxes, remuneration and social security | 45 | €13,869 | €11,359 | -€2,509 | -18.1% |
| Taxes | 450/3 | €12,378 | €9,851 | -€2,526 | -20.4% |
| Remuneration and social security | 454/9 | €1,491 | €1,508 | +€17 | +1.1% |
| Other amounts payable | 47/48 | €69,694 | €21 | -€69,673 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,477 | €2,878 | -€599 | -17.2% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €91,948 | €85,738 | -€6,210 | -6.8% |
| Operating profit (loss) | 9901 | €87,572 | €81,932 | -€5,641 | -6.4% |
| Financial income | 75/76B | €593 | €362 | -€231 | -39.0% |
| Recurring financial income | 75 | €593 | €362 | -€231 | -39.0% |
| Financial charges | 65/66B | €136 | €92 | -€45 | -32.7% |
| Recurring financial charges | 65 | €136 | €92 | -€45 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €88,029 | €82,202 | -€5,827 | -6.6% |
| Income taxes | 67/77 | €18,335 | €17,289 | -€1,046 | -5.7% |
| Profit (loss) for the period | 9904 | €69,694 | €64,912 | -€4,781 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,694 | €64,912 | -€4,781 | -6.9% |
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 25 October 2026 via checked.be.