V.B.S.+: 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.S.+
Largest movements
- Receivables within one year -€563,613
down €563,613 (-61.0%), from €923,443 to €359,830
of which Other amounts receivable: -€612,013
- Other debts -€600,000
no longer reported in 2025 (was €600,000)
- Financial income -€600,016
no longer reported in 2025 (was €600,016)
- Gross operating margin +€34,815
up €34,815 (+4,844%), from €719 to €35,534
- Taxes +€8,871
up €8,871 (+6,965%), from €127 to €8,999
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 | €6,179,865 | €5,611,331 | -€568,534 | -9.2% |
| Fixed assets | 21/28 | €5,204,960 | €5,204,960 | = | 0.0% |
| Financial fixed assets | 28 | €5,204,960 | €5,204,960 | = | 0.0% |
| Current assets | 29/58 | €974,905 | €406,371 | -€568,534 | -58.3% |
| Amounts receivable within one year | 40/41 | €923,443 | €359,830 | -€563,613 | -61.0% |
| Trade receivables | 40 | €72,600 | €121,000 | +€48,400 | +66.7% |
| Other amounts receivable | 41 | €850,843 | €238,830 | -€612,013 | -71.9% |
| Cash at bank and in hand | 54/58 | €49,004 | €44,917 | -€4,087 | -8.3% |
| Deferred charges and accrued income | 490/1 | €2,458 | €1,624 | -€834 | -33.9% |
| Total equity and liabilities | 10/49 | €6,179,865 | €5,611,331 | -€568,534 | -9.2% |
| Equity | 10/15 | €5,505,060 | €5,531,213 | +€26,153 | +0.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €5,205,060 | €5,231,213 | +€26,153 | +0.5% |
| Distributable reserves | 133 | €5,205,060 | €5,231,213 | +€26,153 | +0.5% |
| Amounts payable | 17/49 | €674,805 | €80,118 | -€594,687 | -88.1% |
| Amounts payable within one year | 42/48 | €674,805 | €80,118 | -€594,687 | -88.1% |
| Trade debts | 44 | €74,241 | €75,678 | +€1,437 | +1.9% |
| Suppliers | 440/4 | €74,241 | €75,678 | +€1,437 | +1.9% |
| Taxes, remuneration and social security | 45 | €564 | €4,439 | +€3,875 | +687% |
| Taxes | 450/3 | €564 | €4,439 | +€3,875 | +687% |
| Other amounts payable | 47/48 | €600,000 | - | -€600,000 | |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | €719 | €35,534 | +€34,815 | +4,844% |
| Operating profit (loss) | 9901 | €719 | €35,384 | +€34,665 | +4,823% |
| Financial income | 75/76B | €600,016 | - | -€600,016 | |
| Recurring financial income | 75 | €600,016 | - | -€600,016 | |
| Financial charges | 65/66B | €225 | €232 | +€6 | +2.9% |
| Recurring financial charges | 65 | €225 | €232 | +€6 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €600,509 | €35,152 | -€565,358 | -94.1% |
| Income taxes | 67/77 | €127 | €8,999 | +€8,871 | +6,965% |
| Profit (loss) for the period | 9904 | €600,382 | €26,153 | -€574,229 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €600,382 | €26,153 | -€574,229 | -95.6% |
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 20 October 2026 via checked.be.