V.J.B. MANAGEMENT: 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.J.B. MANAGEMENT
Largest movements
- Cash +€8,581
up €8,581 (+64.2%), from €13,369 to €21,950
mainly Net result for the year (+€69,524) and Trade debts (+€5,009)
- Profit (loss) carried forward +€69,524
up €69,524 (+17.4%), from €398,526 to €468,049
- Debts after one year -€67,358
down €67,358 (-32.5%), from €207,552 to €140,194
- Financial charges -€2,523
down €2,523 (-18.4%), from €13,746 to €11,224
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 | €715,681 | €724,262 | +€8,581 | +1.2% |
| Fixed assets | 21/28 | €679,763 | €679,763 | = | 0.0% |
| Financial fixed assets | 28 | €679,763 | €679,763 | = | 0.0% |
| Current assets | 29/58 | €35,918 | €44,499 | +€8,581 | +23.9% |
| Amounts receivable within one year | 40/41 | €22,548 | €22,548 | = | 0.0% |
| Trade receivables | 40 | €22,548 | €22,548 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,369 | €21,950 | +€8,581 | +64.2% |
| Total equity and liabilities | 10/49 | €715,681 | €724,262 | +€8,581 | +1.2% |
| Equity | 10/15 | €406,586 | €476,109 | +€69,524 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €398,526 | €468,049 | +€69,524 | +17.4% |
| Amounts payable | 17/49 | €309,095 | €248,153 | -€60,942 | -19.7% |
| Amounts payable after more than one year | 17 | €207,552 | €140,194 | -€67,358 | -32.5% |
| Financial debts | 170/4 | €207,552 | €140,194 | -€67,358 | -32.5% |
| Amounts payable within one year | 42/48 | €101,543 | €107,958 | +€6,416 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €51,493 | €52,406 | +€913 | +1.8% |
| Trade debts | 44 | €5,128 | €10,137 | +€5,009 | +97.7% |
| Suppliers | 440/4 | €5,128 | €10,137 | +€5,009 | +97.7% |
| Taxes, remuneration and social security | 45 | €24,922 | €25,416 | +€494 | +2.0% |
| Taxes | 450/3 | €19,634 | €20,043 | +€409 | +2.1% |
| Remuneration and social security | 454/9 | €5,288 | €5,373 | +€85 | +1.6% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Non-recurring operating income | 76A | €19,459 | €18,723 | -€736 | -3.8% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €105,407 | €104,676 | -€732 | -0.7% |
| Operating profit (loss) | 9901 | €104,958 | €104,214 | -€744 | -0.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €13,746 | €11,224 | -€2,523 | -18.4% |
| Recurring financial charges | 65 | €13,746 | €11,224 | -€2,523 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €91,212 | €92,990 | +€1,779 | +1.9% |
| Income taxes | 67/77 | €23,055 | €23,467 | +€412 | +1.8% |
| Profit (loss) for the period | 9904 | €68,157 | €69,524 | +€1,367 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,157 | €69,524 | +€1,367 | +2.0% |
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.