V2B Invest: what changed
V2B Invest
Largest movements
- Financial fixed assets +€20,000
up €20,000 (+1.3%), from €1.6m to €1.6m
- Reserves +€169,317
up €169,317 (+15.5%), from €1.1m to €1.3m
of which Distributable reserves: +€169,317
- Current portion of long-term debt -€95,237
down €95,237 (-62.5%), from €152,381 to €57,144
- Debts after one year -€47,620
down €47,620 (-31.9%), from €149,343 to €101,723
of which Financial debts: -€47,620
- Gross operating margin +€5,360
up €5,360 (+69.0%), from -€7,767 to -€2,407
- Financial charges -€1,949
down €1,949 (-42.0%), from €4,638 to €2,690
- Financial income -€665
down €665 (-0.4%), from €176,172 to €175,507
- Other operating charges -€132
down €132 (-10.8%), from €1,225 to €1,094
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,596,504 | €1,624,734 | +€28,230 | +1.8% |
| Fixed assets | 21/28 | €1,568,320 | €1,588,320 | +€20,000 | +1.3% |
| Financial fixed assets | 28 | €1,568,320 | €1,588,320 | +€20,000 | +1.3% |
| Current assets | 29/58 | €28,184 | €36,414 | +€8,230 | +29.2% |
| Amounts receivable after more than one year | 29 | €1,144 | €1,144 | = | 0.0% |
| Other amounts receivable | 291 | €1,144 | €1,144 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,040 | €35,270 | +€8,230 | +30.4% |
| Total equity and liabilities | 10/49 | €1,596,504 | €1,624,734 | +€28,230 | +1.8% |
| Equity | 10/15 | €1,294,231 | €1,463,548 | +€169,317 | +13.1% |
| Contributions | 10/11 | €200,250 | €200,250 | = | 0.0% |
| Capital | 10 | €200,250 | €200,250 | = | 0.0% |
| Issued capital | 100 | €200,250 | €200,250 | = | 0.0% |
| Reserves | 13 | €1,093,981 | €1,263,298 | +€169,317 | +15.5% |
| Non-distributable reserves | 130/1 | €20,025 | €20,025 | = | 0.0% |
| Legal reserve | 130 | €20,025 | €20,025 | = | 0.0% |
| Distributable reserves | 133 | €1,073,956 | €1,243,273 | +€169,317 | +15.8% |
| Amounts payable | 17/49 | €302,273 | €161,186 | -€141,087 | -46.7% |
| Amounts payable after more than one year | 17 | €149,343 | €101,723 | -€47,620 | -31.9% |
| Financial debts | 170/4 | €47,620 | €0 | -€47,620 | -100% |
| Other amounts payable | 178/9 | €101,723 | €101,723 | = | 0.0% |
| Amounts payable within one year | 42/48 | €152,930 | €59,463 | -€93,467 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €152,381 | €57,144 | -€95,237 | -62.5% |
| Trade debts | 44 | €549 | €2,319 | +€1,770 | +322% |
| Suppliers | 440/4 | €549 | €2,319 | +€1,770 | +322% |
| Other operating charges | 640/8 | €1,225 | €1,094 | -€132 | -10.8% |
| Gross operating margin | 9900 | -€7,767 | -€2,407 | +€5,360 | +69.0% |
| Operating profit (loss) | 9901 | -€8,992 | -€3,501 | +€5,492 | +61.1% |
| Financial income | 75/76B | €176,172 | €175,507 | -€665 | -0.4% |
| Recurring financial income | 75 | €176,172 | €175,507 | -€665 | -0.4% |
| Financial charges | 65/66B | €4,638 | €2,690 | -€1,949 | -42.0% |
| Recurring financial charges | 65 | €4,638 | €2,690 | -€1,949 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €162,541 | €169,317 | +€6,776 | +4.2% |
| Profit (loss) for the period | 9904 | €162,541 | €169,317 | +€6,776 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,541 | €169,317 | +€6,776 | +4.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.