VB Group: what changed
Two fiscal 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 Group
Largest movements
- Cash -€1,181
no longer reported in 2025 (was €1,181)
mainly Other debts (-€7,060) and Contributions, distributions and other (-€0)
- Receivables within one year -€879
down €879 (-2.9%), from €30,812 to €29,933
of which Other amounts receivable: -€5,879
- Other debts -€7,060
down €7,060 (-15.7%), from €44,857 to €37,797
- Profit (loss) carried forward +€3,063
up €3,063 (+6.4%), from -€48,003 to -€44,939
- Trade debts +€1,936
up €1,936 (+21.3%), from €9,075 to €11,011
- Gross operating margin +€7,396
up €7,396, from -€4,332 to €3,064
- Turnover +€5,000
new in 2025: €5,000
- Financial charges -€2,198
no longer reported in 2025 (was €2,198)
- Purchases and services +€1,936
new in 2025: €1,936
- Taxes -€1,199
no longer reported in 2025 (was €1,199)
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 | €31,993 | €29,933 | -€2,060 | -6.4% |
| Current assets | 29/58 | €31,993 | €29,933 | -€2,060 | -6.4% |
| Amounts receivable within one year | 40/41 | €30,812 | €29,933 | -€879 | -2.9% |
| Trade receivables | 40 | €24,933 | €29,933 | +€5,000 | +20.1% |
| Other amounts receivable | 41 | €5,879 | - | -€5,879 | |
| Cash at bank and in hand | 54/58 | €1,181 | - | -€1,181 | |
| Total equity and liabilities | 10/49 | €31,993 | €29,933 | -€2,060 | -6.4% |
| Equity | 10/15 | -€23,138 | -€20,074 | +€3,063 | +13.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €6,115 | €6,115 | +€0 | 0.0% |
| Distributable reserves | 133 | €6,115 | €6,115 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€48,003 | -€44,939 | +€3,063 | +6.4% |
| Amounts payable | 17/49 | €55,131 | €50,007 | -€5,124 | -9.3% |
| Amounts payable within one year | 42/48 | €55,131 | €50,007 | -€5,124 | -9.3% |
| Trade debts | 44 | €9,075 | €11,011 | +€1,936 | +21.3% |
| Suppliers | 440/4 | €9,075 | €11,011 | +€1,936 | +21.3% |
| Taxes, remuneration and social security | 45 | €1,199 | €1,199 | +€0 | 0.0% |
| Taxes | 450/3 | €1,199 | €1,199 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €44,857 | €37,797 | -€7,060 | -15.7% |
| Turnover | 70 | - | €5,000 | +€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,936 | +€1,936 | |
| Remuneration, social security and pensions | 62 | €91 | - | -€91 | |
| Other operating charges | 640/8 | €419 | - | -€419 | |
| Gross operating margin | 9900 | -€4,332 | €3,064 | +€7,396 | |
| Operating profit (loss) | 9901 | -€4,843 | €3,064 | +€7,906 | |
| Financial charges | 65/66B | €2,198 | - | -€2,198 | |
| Recurring financial charges | 65 | €2,198 | - | -€2,198 | |
| Profit (loss) for the period before taxes | 9903 | -€7,040 | €3,064 | +€10,104 | |
| Income taxes | 67/77 | €1,199 | - | -€1,199 | |
| Profit (loss) for the period | 9904 | -€8,239 | €3,064 | +€11,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,239 | €3,064 | +€11,303 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.