VB COMPANY: 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 COMPANY
Largest movements
- Stocks and contracts +€249,799
up €249,799 (+324%), from €77,110 to €326,908
of which Stocks: +€305,599
- Cash +€101,506
up €101,506 (+160%), from €63,390 to €164,896
mainly Short-term financial debts (+€450,000) and Net result for the year (+€10,010)
- Tangible fixed assets -€9,129
down €9,129 (-29.8%), from €30,594 to €21,465
of which Plant, machinery and equipment: -€9,129
- Short-term financial debts +€450,000
new in 2025: €450,000
- Other debts -€95,162
down €95,162 (-54.9%), from €173,431 to €78,269
- Reserves -€10,911
down €10,911 (-12.6%), from €86,776 to €75,865
- Trade debts +€7,580
up €7,580 (+43.0%), from €17,629 to €25,210
- Gross operating margin +€4,116
up €4,116 (+17.6%), from €23,360 to €27,476
- Financial charges +€1,870
up €1,870 (+929%), from €201 to €2,071
- Taxes +€1,603
up €1,603 (+42.8%), from €3,743 to €5,346
- Other operating charges +€1,029
up €1,029 (+161%), from €638 to €1,667
- Financial income +€687
up €687 (+1,140%), from €60 to €748
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 | €288,638 | €641,511 | +€352,873 | +122% |
| Fixed assets | 21/28 | €30,594 | €21,465 | -€9,129 | -29.8% |
| Tangible fixed assets | 22/27 | €30,594 | €21,465 | -€9,129 | -29.8% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,594 | €1,465 | -€9,129 | -86.2% |
| Current assets | 29/58 | €258,044 | €620,046 | +€362,002 | +140% |
| Stocks and contracts in progress | 3 | €77,110 | €326,908 | +€249,799 | +324% |
| Stocks | 30/36 | €21,310 | €326,908 | +€305,599 | +1,434% |
| Contracts in progress | 37 | €55,800 | - | -€55,800 | |
| Amounts receivable within one year | 40/41 | €117,544 | €123,845 | +€6,301 | +5.4% |
| Trade receivables | 40 | €96,606 | €85,698 | -€10,908 | -11.3% |
| Other amounts receivable | 41 | €20,938 | €38,147 | +€17,209 | +82.2% |
| Cash at bank and in hand | 54/58 | €63,390 | €164,896 | +€101,506 | +160% |
| Deferred charges and accrued income | 490/1 | - | €4,396 | +€4,396 | |
| Total equity and liabilities | 10/49 | €288,638 | €641,511 | +€352,873 | +122% |
| Equity | 10/15 | €97,578 | €86,667 | -€10,911 | -11.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €86,776 | €75,865 | -€10,911 | -12.6% |
| Distributable reserves | 133 | €86,776 | €75,865 | -€10,911 | -12.6% |
| Profit (loss) carried forward | 14 | €803 | €803 | = | 0.0% |
| Amounts payable | 17/49 | €191,060 | €554,843 | +€363,783 | +190% |
| Amounts payable within one year | 42/48 | €191,060 | €554,843 | +€363,783 | +190% |
| Financial debts | 43 | - | €450,000 | +€450,000 | |
| Credit institutions | 430/8 | - | €450,000 | +€450,000 | |
| Trade debts | 44 | €17,629 | €25,210 | +€7,580 | +43.0% |
| Suppliers | 440/4 | €17,629 | €25,210 | +€7,580 | +43.0% |
| Taxes, remuneration and social security | 45 | - | €1,365 | +€1,365 | |
| Taxes | 450/3 | - | €1,365 | +€1,365 | |
| Other amounts payable | 47/48 | €173,431 | €78,269 | -€95,162 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,977 | €9,129 | +€152 | +1.7% |
| Other operating charges | 640/8 | €638 | €1,667 | +€1,029 | +161% |
| Gross operating margin | 9900 | €23,360 | €27,476 | +€4,116 | +17.6% |
| Operating profit (loss) | 9901 | €13,745 | €16,680 | +€2,935 | +21.4% |
| Financial income | 75/76B | €60 | €748 | +€687 | +1,140% |
| Recurring financial income | 75 | €60 | €748 | +€687 | +1,140% |
| Financial charges | 65/66B | €201 | €2,071 | +€1,870 | +929% |
| Recurring financial charges | 65 | €201 | €2,071 | +€1,870 | +929% |
| Profit (loss) for the period before taxes | 9903 | €13,604 | €15,356 | +€1,752 | +12.9% |
| Income taxes | 67/77 | €3,743 | €5,346 | +€1,603 | +42.8% |
| Profit (loss) for the period | 9904 | €9,861 | €10,010 | +€149 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,861 | €10,010 | +€149 | +1.5% |
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 13 October 2026 via checked.be.