V-Bio Ventures: 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-Bio Ventures
Largest movements
- Cash +€1.2m
up €1.2m (+94.5%), from €1.3m to €2.5m
mainly Net result for the year (+€733,934) and Receivables within one year (+€471,509)
- Receivables within one year -€471,509
down €471,509 (-83.4%), from €565,145 to €93,636
of which Trade receivables: -€466,824
- Reserves +€373,934
up €373,934 (+29.7%), from €1.3m to €1.6m
- Accrued charges and deferred income +€333,777
new in 2025: €333,777
- Tax, wage and social debts +€38,886
up €38,886 (+24.5%), from €158,520 to €197,406
of which Taxes: +€57,345
- Staff costs +€236,401
up €236,401 (+20.6%), from €1.1m to €1.4m
- Taxes -€65,197
down €65,197 (-21.3%), from €306,054 to €240,857
- Turnover +€60,663
up €60,663 (+2.1%), from €2.9m to €3.0m
- Purchases and services +€48,988
up €48,988 (+8.7%), from €561,443 to €610,431
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 | €1,850,298 | €2,591,071 | +€740,773 | +40.0% |
| Fixed assets | 21/28 | €11,240 | €19,360 | +€8,120 | +72.2% |
| Tangible fixed assets | 22/27 | €11,240 | €19,360 | +€8,120 | +72.2% |
| Plant, machinery and equipment | 23 | €10,331 | €9,421 | -€910 | -8.8% |
| Furniture and vehicles | 24 | €909 | €77 | -€832 | -91.5% |
| Other tangible fixed assets | 26 | - | €9,862 | +€9,862 | |
| Current assets | 29/58 | €1,839,058 | €2,571,711 | +€732,653 | +39.8% |
| Amounts receivable within one year | 40/41 | €565,145 | €93,636 | -€471,509 | -83.4% |
| Trade receivables | 40 | €522,775 | €55,951 | -€466,824 | -89.3% |
| Other amounts receivable | 41 | €42,370 | €37,685 | -€4,685 | -11.1% |
| Cash at bank and in hand | 54/58 | €1,273,913 | €2,478,075 | +€1.2m | +94.5% |
| Total equity and liabilities | 10/49 | €1,850,298 | €2,591,071 | +€740,773 | +40.0% |
| Equity | 10/15 | €1,289,449 | €1,663,383 | +€373,934 | +29.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,259,449 | €1,633,383 | +€373,934 | +29.7% |
| Distributable reserves | 133 | €1,259,449 | €1,633,383 | +€373,934 | +29.7% |
| Amounts payable | 17/49 | €560,849 | €927,688 | +€366,839 | +65.4% |
| Amounts payable within one year | 42/48 | €560,849 | €593,911 | +€33,062 | +5.9% |
| Trade debts | 44 | €42,053 | €36,505 | -€5,548 | -13.2% |
| Suppliers | 440/4 | €42,053 | €36,505 | -€5,548 | -13.2% |
| Taxes, remuneration and social security | 45 | €158,520 | €197,406 | +€38,886 | +24.5% |
| Taxes | 450/3 | €69,878 | €127,223 | +€57,345 | +82.1% |
| Remuneration and social security | 454/9 | €88,642 | €70,183 | -€18,459 | -20.8% |
| Other amounts payable | 47/48 | €360,276 | €360,000 | -€276 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €333,777 | +€333,777 | |
| Turnover | 70 | €2,910,389 | €2,971,052 | +€60,663 | +2.1% |
| Non-recurring operating income | 76A | €1,349 | €1,515 | +€166 | +12.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €561,443 | €610,431 | +€48,988 | +8.7% |
| Remuneration, social security and pensions | 62 | €1,147,163 | €1,383,564 | +€236,401 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,325 | €5,731 | +€406 | +7.6% |
| Other operating charges | 640/8 | €7,078 | €7,006 | -€72 | -1.0% |
| Gross operating margin | 9900 | €2,350,295 | €2,362,136 | +€11,841 | +0.5% |
| Operating profit (loss) | 9901 | €1,190,729 | €965,835 | -€224,894 | -18.9% |
| Financial income | 75/76B | €32,022 | €8,956 | -€23,066 | -72.0% |
| Recurring financial income | 75 | €32,022 | €8,956 | -€23,066 | -72.0% |
| Non-recurring financial income | 76B | €32,022 | €8,956 | -€23,066 | -72.0% |
| Financial charges | 65/66B | €5,527 | - | -€5,527 | |
| Recurring financial charges | 65 | €5,527 | - | -€5,527 | |
| Non-recurring financial charges | 66B | €5,527 | - | -€5,527 | |
| Profit (loss) for the period before taxes | 9903 | €1,217,224 | €974,791 | -€242,433 | -19.9% |
| Income taxes | 67/77 | €306,054 | €240,857 | -€65,197 | -21.3% |
| Profit (loss) for the period | 9904 | €911,170 | €733,934 | -€177,236 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €911,170 | €733,934 | -€177,236 | -19.5% |
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 27 October 2026 via checked.be.