V-CAB: 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-CAB
Largest movements
- Tangible fixed assets +€67,058
up €67,058 (+51.1%), from €131,213 to €198,271
of which Furniture and vehicles: +€47,111
- Deferred charges and accrued income +€3,333
up €3,333 (+203.5%), from €1,638 to €4,972
- Profit (loss) carried forward +€55,622
up €55,622, from -€48,792 to €6,830
- Other debts +€12,311
up €12,311 (+7.3%), from €168,942 to €181,252
- Short-term financial debts +€9,397
up €9,397 (+211.8%), from €4,436 to €13,832
- Debts after one year -€3,963
down €3,963 (-30.1%), from €13,172 to €9,209
- Gross operating margin +€16,598
up €16,598 (+12.5%), from €132,756 to €149,354
- Depreciation +€15,915
up €15,915 (+56.5%), from €28,156 to €44,071
- Staff costs -€7,725
down €7,725 (-15.8%), from €48,785 to €41,060
- Financial income +€2,967
up €2,967 (+445.5%), from €666 to €3,633
- Other operating charges +€1,983
up €1,983 (+125.2%), from €1,584 to €3,567
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 | €170,774 | €242,240 | +€71,466 | +41.8% |
| Fixed assets | 21/28 | €135,845 | €202,023 | +€66,178 | +48.7% |
| Intangible fixed assets | 21 | €2,982 | €2,102 | -€880 | -29.5% |
| Tangible fixed assets | 22/27 | €131,213 | €198,271 | +€67,058 | +51.1% |
| Land and buildings | 22 | €26,825 | €46,772 | +€19,947 | +74.4% |
| Furniture and vehicles | 24 | €104,387 | €151,498 | +€47,111 | +45.1% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €34,929 | €40,217 | +€5,288 | +15.1% |
| Amounts receivable within one year | 40/41 | €32,974 | €34,923 | +€1,949 | +5.9% |
| Trade receivables | 40 | €21,333 | €29,568 | +€8,235 | +38.6% |
| Other amounts receivable | 41 | €11,641 | €5,354 | -€6,286 | -54.0% |
| Cash at bank and in hand | 54/58 | €317 | €323 | +€6 | +2.0% |
| Deferred charges and accrued income | 490/1 | €1,638 | €4,972 | +€3,333 | +203.5% |
| Total equity and liabilities | 10/49 | €170,774 | €242,240 | +€71,466 | +41.8% |
| Equity | 10/15 | -€28,332 | €27,290 | +€55,622 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,792 | €6,830 | +€55,622 | |
| Amounts payable | 17/49 | €199,106 | €214,949 | +€15,844 | +8.0% |
| Amounts payable after more than one year | 17 | €13,172 | €9,209 | -€3,963 | -30.1% |
| Financial debts | 170/4 | €13,172 | €9,209 | -€3,963 | -30.1% |
| Amounts payable within one year | 42/48 | €185,933 | €205,740 | +€19,807 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €3,792 | €3,963 | +€171 | +4.5% |
| Financial debts | 43 | €4,436 | €13,832 | +€9,397 | +211.8% |
| Credit institutions | 430/8 | €4,436 | €13,832 | +€9,397 | +211.8% |
| Trade debts | 44 | €5,059 | €3,741 | -€1,317 | -26.0% |
| Suppliers | 440/4 | €5,059 | €3,741 | -€1,317 | -26.0% |
| Taxes, remuneration and social security | 45 | €3,705 | €2,951 | -€754 | -20.3% |
| Remuneration and social security | 454/9 | €3,705 | €2,951 | -€754 | -20.3% |
| Other amounts payable | 47/48 | €168,942 | €181,252 | +€12,311 | +7.3% |
| Non-recurring operating income | 76A | €1,653 | €7,858 | +€6,205 | +375.4% |
| Remuneration, social security and pensions | 62 | €48,785 | €41,060 | -€7,725 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,156 | €44,071 | +€15,915 | +56.5% |
| Other operating charges | 640/8 | €1,584 | €3,567 | +€1,983 | +125.2% |
| Non-recurring operating charges | 66A | €1,074 | €4,735 | +€3,662 | +341.1% |
| Gross operating margin | 9900 | €132,756 | €149,354 | +€16,598 | +12.5% |
| Operating profit (loss) | 9901 | €53,157 | €55,921 | +€2,763 | +5.2% |
| Financial income | 75/76B | €666 | €3,633 | +€2,967 | +445.5% |
| Recurring financial income | 75 | €666 | €3,633 | +€2,967 | +445.5% |
| Financial charges | 65/66B | €3,338 | €3,931 | +€593 | +17.8% |
| Recurring financial charges | 65 | €3,338 | €3,931 | +€593 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €50,485 | €55,622 | +€5,137 | +10.2% |
| Profit (loss) for the period | 9904 | €50,485 | €55,622 | +€5,137 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,485 | €55,622 | +€5,137 | +10.2% |
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 12 October 2026 via checked.be.