VB AUTOMOBILES: 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.
VB AUTOMOBILES
Largest movements
- Stocks and contracts +€57,317
up €57,317 (+71.6%), from €80,097 to €137,413
- Cash -€41,325
down €41,325 (-29.6%), from €139,816 to €98,491
mainly Stocks and contracts (-€57,317) and Trade debts (-€27,928)
- Tangible fixed assets -€19,612
down €19,612 (-38.8%), from €50,605 to €30,992
of which Furniture and vehicles: -€14,733
- Receivables within one year -€4,624
down €4,624 (-6.8%), from €67,638 to €63,014
of which Other amounts receivable: -€3,261
- Trade debts -€27,928
down €27,928 (-92.5%), from €30,203 to €2,274
- Advances received +€22,208
new in 2025: €22,208
- Gross operating margin -€12,973
down €12,973 (-39.5%), from €32,838 to €19,866
- Depreciation -€8,638
down €8,638 (-46.5%), from €18,583 to €9,945
- Write-downs +€1,797
no longer reported in 2025 (was -€1,797)
- Taxes -€1,498
down €1,498 (-43.5%), from €3,439 to €1,942
- Other operating charges +€1,312
up €1,312 (+49.8%), from €2,633 to €3,945
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 | €342,262 | €335,744 | -€6,517 | -1.9% |
| Fixed assets | 21/28 | €50,605 | €30,992 | -€19,612 | -38.8% |
| Tangible fixed assets | 22/27 | €50,605 | €30,992 | -€19,612 | -38.8% |
| Land and buildings | 22 | €24,252 | €20,669 | -€3,583 | -14.8% |
| Plant, machinery and equipment | 23 | €4,122 | €2,825 | -€1,297 | -31.5% |
| Furniture and vehicles | 24 | €22,231 | €7,498 | -€14,733 | -66.3% |
| Current assets | 29/58 | €291,657 | €304,752 | +€13,095 | +4.5% |
| Stocks and contracts in progress | 3 | €80,097 | €137,413 | +€57,317 | +71.6% |
| Stocks | 30/36 | €80,097 | €137,413 | +€57,317 | +71.6% |
| Amounts receivable within one year | 40/41 | €67,638 | €63,014 | -€4,624 | -6.8% |
| Trade receivables | 40 | €36,139 | €34,776 | -€1,363 | -3.8% |
| Other amounts receivable | 41 | €31,499 | €28,239 | -€3,261 | -10.4% |
| Cash at bank and in hand | 54/58 | €139,816 | €98,491 | -€41,325 | -29.6% |
| Deferred charges and accrued income | 490/1 | €4,106 | €5,833 | +€1,727 | +42.1% |
| Total equity and liabilities | 10/49 | €342,262 | €335,744 | -€6,517 | -1.9% |
| Equity | 10/15 | €233,597 | €236,799 | +€3,202 | +1.4% |
| Contributions | 10/11 | €13,407 | €13,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,190 | €223,392 | +€3,202 | +1.5% |
| Amounts payable | 17/49 | €108,664 | €98,945 | -€9,719 | -8.9% |
| Amounts payable after more than one year | 17 | €76,653 | €73,346 | -€3,307 | -4.3% |
| Other amounts payable | 178/9 | €76,653 | €73,346 | -€3,307 | -4.3% |
| Amounts payable within one year | 42/48 | €32,011 | €25,599 | -€6,412 | -20.0% |
| Trade debts | 44 | €30,203 | €2,274 | -€27,928 | -92.5% |
| Suppliers | 440/4 | €30,203 | €2,274 | -€27,928 | -92.5% |
| Advances received on contracts in progress | 46 | - | €22,208 | +€22,208 | |
| Taxes, remuneration and social security | 45 | €1,809 | €1,117 | -€692 | -38.3% |
| Taxes | 450/3 | €1,809 | €1,117 | -€692 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,583 | €9,945 | -€8,638 | -46.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,797 | - | +€1,797 | |
| Other operating charges | 640/8 | €2,633 | €3,945 | +€1,312 | +49.8% |
| Gross operating margin | 9900 | €32,838 | €19,866 | -€12,973 | -39.5% |
| Operating profit (loss) | 9901 | €13,420 | €5,977 | -€7,444 | -55.5% |
| Financial income | 75/76B | €11 | €78 | +€67 | +609% |
| Recurring financial income | 75 | €11 | €78 | +€67 | +609% |
| Financial charges | 65/66B | €1,117 | €911 | -€206 | -18.4% |
| Recurring financial charges | 65 | €1,117 | €911 | -€206 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €12,315 | €5,144 | -€7,171 | -58.2% |
| Income taxes | 67/77 | €3,439 | €1,942 | -€1,498 | -43.5% |
| Profit (loss) for the period | 9904 | €8,875 | €3,202 | -€5,673 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,875 | €3,202 | -€5,673 | -63.9% |
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 17 October 2026 via checked.be.