VB Infi: 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 Infi
Largest movements
- Receivables within one year -€106,804
down €106,804 (-62.9%), from €169,729 to €62,925
of which Other amounts receivable: -€105,959
- Tangible fixed assets +€38,062
up €38,062 (+836.1%), from €4,552 to €42,614
of which Furniture and vehicles: +€37,823
- Cash -€30,491
down €30,491 (-60.0%), from €50,784 to €20,292
mainly Contributions, distributions and other (-€224,389) and Investment in fixed assets (net) (-€43,363)
- Deferred charges and accrued income +€2,595
up €2,595 (+26.6%), from €9,739 to €12,334
- Reserves -€224,389
no longer reported in 2025 (was €224,389)
- Profit (loss) carried forward +€85,443
new in 2025: €85,443
- Debts after one year +€32,263
new in 2025: €32,263
- Current portion of long-term debt +€11,144
new in 2025: €11,144
- Tax, wage and social debts -€2,750
down €2,750 (-57.9%), from €4,750 to €2,000
of which Remuneration and social security: -€2,750
- Gross operating margin +€21,248
up €21,248 (+23.1%), from €91,914 to €113,162
- Depreciation +€2,937
up €2,937 (+124.2%), from €2,364 to €5,301
- Financial income -€2,480
down €2,480 (-26.3%), from €9,414 to €6,934
- Other operating charges +€1,411
up €1,411 (+398.3%), from €354 to €1,765
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 | €234,804 | €138,166 | -€96,638 | -41.2% |
| Fixed assets | 21/28 | €4,552 | €42,614 | +€38,062 | +836.1% |
| Tangible fixed assets | 22/27 | €4,552 | €42,614 | +€38,062 | +836.1% |
| Plant, machinery and equipment | 23 | €1,823 | €2,062 | +€239 | +13.1% |
| Furniture and vehicles | 24 | €2,729 | €40,552 | +€37,823 | +1386.0% |
| Current assets | 29/58 | €230,252 | €95,552 | -€134,700 | -58.5% |
| Amounts receivable within one year | 40/41 | €169,729 | €62,925 | -€106,804 | -62.9% |
| Trade receivables | 40 | €8,760 | €7,915 | -€845 | -9.6% |
| Other amounts receivable | 41 | €160,969 | €55,010 | -€105,959 | -65.8% |
| Cash at bank and in hand | 54/58 | €50,784 | €20,292 | -€30,491 | -60.0% |
| Deferred charges and accrued income | 490/1 | €9,739 | €12,334 | +€2,595 | +26.6% |
| Total equity and liabilities | 10/49 | €234,804 | €138,166 | -€96,638 | -41.2% |
| Equity | 10/15 | €228,389 | €89,443 | -€138,945 | -60.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €224,389 | - | -€224,389 | |
| Distributable reserves | 133 | €224,389 | - | -€224,389 | |
| Profit (loss) carried forward | 14 | - | €85,443 | +€85,443 | |
| Amounts payable | 17/49 | €6,415 | €48,723 | +€42,308 | +659.5% |
| Amounts payable after more than one year | 17 | - | €32,263 | +€32,263 | |
| Financial debts | 170/4 | - | €32,263 | +€32,263 | |
| Amounts payable within one year | 42/48 | €6,077 | €16,460 | +€10,383 | +170.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,144 | +€11,144 | |
| Trade debts | 44 | €1,327 | €3,316 | +€1,989 | +149.9% |
| Suppliers | 440/4 | €1,327 | €3,316 | +€1,989 | +149.9% |
| Taxes, remuneration and social security | 45 | €4,750 | €2,000 | -€2,750 | -57.9% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Accrued charges and deferred income | 492/3 | €339 | - | -€339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,364 | €5,301 | +€2,937 | +124.2% |
| Other operating charges | 640/8 | €354 | €1,765 | +€1,411 | +398.3% |
| Non-recurring operating charges | 66A | - | €2,429 | +€2,429 | |
| Gross operating margin | 9900 | €91,914 | €113,162 | +€21,248 | +23.1% |
| Operating profit (loss) | 9901 | €89,196 | €103,668 | +€14,472 | +16.2% |
| Financial income | 75/76B | €9,414 | €6,934 | -€2,480 | -26.3% |
| Recurring financial income | 75 | €9,414 | €6,934 | -€2,480 | -26.3% |
| Financial charges | 65/66B | €391 | €706 | +€315 | +80.5% |
| Recurring financial charges | 65 | €391 | €706 | +€315 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €98,219 | €109,896 | +€11,677 | +11.9% |
| Income taxes | 67/77 | €24,118 | €24,452 | +€335 | +1.4% |
| Profit (loss) for the period | 9904 | €74,101 | €85,443 | +€11,342 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,101 | €85,443 | +€11,342 | +15.3% |
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 8 October 2026 via checked.be.