VB-IT: 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-IT
Largest movements
- Receivables within one year +€29,876
up €29,876 (+8267.6%), from €361 to €30,237
of which Trade receivables: +€26,636
- Cash +€7,829
up €7,829 (+23.1%), from €33,888 to €41,716
mainly Net result for the year (+€28,632) and Tax, wage and social debts (+€10,542)
- Tangible fixed assets -€2,126
down €2,126 (-24.4%), from €8,697 to €6,571
of which Furniture and vehicles: -€1,404
- Reserves +€28,632
up €28,632 (+63.1%), from €45,358 to €73,990
- Tax, wage and social debts +€10,542
up €10,542 (+137.7%), from €7,654 to €18,196
- Current portion of long-term debt -€3,352
no longer reported in 2025 (was €3,352)
- Gross operating margin +€4,787
up €4,787 (+12.8%), from €37,541 to €42,327
- Taxes +€1,620
up €1,620 (+23.5%), from €6,887 to €8,507
- Financial charges -€478
down €478 (-34.1%), from €1,404 to €926
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 | €57,320 | €92,983 | +€35,664 | +62.2% |
| Fixed assets | 21/28 | €8,697 | €6,571 | -€2,126 | -24.4% |
| Tangible fixed assets | 22/27 | €8,697 | €6,571 | -€2,126 | -24.4% |
| Furniture and vehicles | 24 | €3,214 | €1,810 | -€1,404 | -43.7% |
| Other tangible fixed assets | 26 | €5,483 | €4,762 | -€722 | -13.2% |
| Current assets | 29/58 | €48,622 | €86,412 | +€37,790 | +77.7% |
| Amounts receivable within one year | 40/41 | €361 | €30,237 | +€29,876 | +8267.6% |
| Trade receivables | 40 | €174 | €26,810 | +€26,636 | +15300.0% |
| Other amounts receivable | 41 | €187 | €3,427 | +€3,240 | +1730.1% |
| Current investments | 50/53 | €13,200 | €13,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,888 | €41,716 | +€7,829 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,174 | €1,259 | +€85 | +7.3% |
| Total equity and liabilities | 10/49 | €57,320 | €92,983 | +€35,664 | +62.2% |
| Equity | 10/15 | €45,358 | €73,990 | +€28,632 | +63.1% |
| Reserves | 13 | €45,358 | €73,990 | +€28,632 | +63.1% |
| Distributable reserves | 133 | €45,358 | €73,990 | +€28,632 | +63.1% |
| Amounts payable | 17/49 | €11,962 | €18,993 | +€7,031 | +58.8% |
| Amounts payable within one year | 42/48 | €11,962 | €18,993 | +€7,031 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €3,352 | - | -€3,352 | |
| Trade debts | 44 | €956 | €797 | -€159 | -16.6% |
| Suppliers | 440/4 | €956 | €797 | -€159 | -16.6% |
| Taxes, remuneration and social security | 45 | €7,654 | €18,196 | +€10,542 | +137.7% |
| Taxes | 450/3 | €7,654 | €18,196 | +€10,542 | +137.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,323 | €3,256 | -€67 | -2.0% |
| Other operating charges | 640/8 | €726 | €1,102 | +€376 | +51.8% |
| Gross operating margin | 9900 | €37,541 | €42,327 | +€4,787 | +12.8% |
| Operating profit (loss) | 9901 | €33,492 | €37,969 | +€4,477 | +13.4% |
| Financial income | 75/76B | €0 | €95 | +€95 | +477350.0% |
| Recurring financial income | 75 | €0 | €95 | +€95 | +477350.0% |
| Financial charges | 65/66B | €1,404 | €926 | -€478 | -34.1% |
| Recurring financial charges | 65 | €1,404 | €926 | -€478 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €32,088 | €37,139 | +€5,051 | +15.7% |
| Income taxes | 67/77 | €6,887 | €8,507 | +€1,620 | +23.5% |
| Profit (loss) for the period | 9904 | €25,201 | €28,632 | +€3,431 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,201 | €28,632 | +€3,431 | +13.6% |
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 5 October 2026 via checked.be.