V-BUILDING: 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-BUILDING
Largest movements
- Cash +€98,165
up €98,165 (+128.6%), from €76,333 to €174,498
mainly Current investments (+€69,042) and Net result for the year (+€47,671)
- Current investments -€69,042
down €69,042 (-25.3%), from €273,156 to €204,114
- Stocks and contracts +€33,039
up €33,039 (+4.1%), from €810,103 to €843,142
- Receivables within one year -€14,208
down €14,208 (-79.0%), from €17,977 to €3,769
of which Other amounts receivable: -€17,026
- Reserves +€47,671
up €47,671 (+32.9%), from €144,730 to €192,401
of which Distributable reserves: +€47,671
- Gross operating margin +€28,518
up €28,518 (+81.6%), from €34,948 to €63,466
- Taxes +€7,693
up €7,693 (+93.9%), from €8,197 to €15,890
- Other operating charges -€1,961
down €1,961 (-59.5%), from €3,297 to €1,336
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.
Cash bridge derived
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 | €1,177,569 | €1,225,523 | +€47,954 | +4.1% |
| Current assets | 29/58 | €1,177,569 | €1,225,523 | +€47,954 | +4.1% |
| Stocks and contracts in progress | 3 | €810,103 | €843,142 | +€33,039 | +4.1% |
| Stocks | 30/36 | €810,103 | €843,142 | +€33,039 | +4.1% |
| Amounts receivable within one year | 40/41 | €17,977 | €3,769 | -€14,208 | -79.0% |
| Trade receivables | 40 | - | €2,818 | +€2,818 | |
| Other amounts receivable | 41 | €17,977 | €951 | -€17,026 | -94.7% |
| Current investments | 50/53 | €273,156 | €204,114 | -€69,042 | -25.3% |
| Cash at bank and in hand | 54/58 | €76,333 | €174,498 | +€98,165 | +128.6% |
| Total equity and liabilities | 10/49 | €1,177,569 | €1,225,523 | +€47,954 | +4.1% |
| Equity | 10/15 | €194,730 | €242,401 | +€47,671 | +24.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €144,730 | €192,401 | +€47,671 | +32.9% |
| Non-distributable reserves | 130/1 | €3,039 | €3,039 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,039 | €3,039 | = | 0.0% |
| Distributable reserves | 133 | €141,691 | €189,362 | +€47,671 | +33.6% |
| Amounts payable | 17/49 | €982,839 | €983,122 | +€283 | 0.0% |
| Amounts payable within one year | 42/48 | €982,839 | €983,122 | +€283 | 0.0% |
| Taxes, remuneration and social security | 45 | €244 | €527 | +€283 | +116.0% |
| Taxes | 450/3 | €244 | €527 | +€283 | +116.0% |
| Other amounts payable | 47/48 | €982,595 | €982,595 | = | 0.0% |
| Other operating charges | 640/8 | €3,297 | €1,336 | -€1,961 | -59.5% |
| Gross operating margin | 9900 | €34,948 | €63,466 | +€28,518 | +81.6% |
| Operating profit (loss) | 9901 | €31,651 | €62,130 | +€30,479 | +96.3% |
| Financial income | 75/76B | €1,319 | €1,616 | +€297 | +22.5% |
| Recurring financial income | 75 | €1,319 | €1,616 | +€297 | +22.5% |
| Financial charges | 65/66B | €181 | €185 | +€4 | +2.2% |
| Recurring financial charges | 65 | €181 | €185 | +€4 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €32,789 | €63,561 | +€30,772 | +93.8% |
| Income taxes | 67/77 | €8,197 | €15,890 | +€7,693 | +93.9% |
| Profit (loss) for the period | 9904 | €24,592 | €47,671 | +€23,079 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,592 | €47,671 | +€23,079 | +93.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.