VB Med: 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 Med
Largest movements
- Tangible fixed assets -€8,063
down €8,063 (-36.0%), from €22,392 to €14,329
of which Other tangible fixed assets: -€5,437
- Cash -€2,168
down €2,168 (-3.2%), from €68,253 to €66,085
mainly Net result for the year (-€10,199) and Investment in fixed assets (net) (-€1,552)
- Receivables within one year -€1,877
down €1,877 (-3.7%), from €50,436 to €48,559
of which Other amounts receivable: -€1,877
- Profit (loss) carried forward -€10,289
down €10,289 (-9.9%), from €103,896 to €93,607
- Gross operating margin -€7,859
down €7,859 (-90.7%), from €8,664 to €805
- Other operating charges -€111
down €111 (-15.0%), from €743 to €632
- Financial charges -€90
down €90 (-10.6%), from €847 to €757
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 | €142,109 | €130,885 | -€11,225 | -7.9% |
| Fixed assets | 21/28 | €22,392 | €14,329 | -€8,063 | -36.0% |
| Tangible fixed assets | 22/27 | €22,392 | €14,329 | -€8,063 | -36.0% |
| Furniture and vehicles | 24 | €9,830 | €7,205 | -€2,625 | -26.7% |
| Other tangible fixed assets | 26 | €12,562 | €7,124 | -€5,437 | -43.3% |
| Current assets | 29/58 | €119,718 | €116,556 | -€3,162 | -2.6% |
| Amounts receivable within one year | 40/41 | €50,436 | €48,559 | -€1,877 | -3.7% |
| Trade receivables | 40 | €21,217 | €21,217 | = | 0.0% |
| Other amounts receivable | 41 | €29,219 | €27,342 | -€1,877 | -6.4% |
| Cash at bank and in hand | 54/58 | €68,253 | €66,085 | -€2,168 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,912 | +€883 | +85.8% |
| Total equity and liabilities | 10/49 | €142,109 | €130,885 | -€11,225 | -7.9% |
| Equity | 10/15 | €118,156 | €107,867 | -€10,289 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,896 | €93,607 | -€10,289 | -9.9% |
| Amounts payable | 17/49 | €23,953 | €23,018 | -€936 | -3.9% |
| Amounts payable within one year | 42/48 | €23,953 | €23,018 | -€936 | -3.9% |
| Trade debts | 44 | €20,276 | €19,340 | -€936 | -4.6% |
| Suppliers | 440/4 | €20,276 | €19,340 | -€936 | -4.6% |
| Taxes, remuneration and social security | 45 | €3,678 | €3,678 | = | 0.0% |
| Taxes | 450/3 | €3,678 | €3,678 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,561 | €9,615 | +€54 | +0.6% |
| Other operating charges | 640/8 | €743 | €632 | -€111 | -15.0% |
| Non-recurring operating charges | 66A | €605 | - | -€605 | |
| Gross operating margin | 9900 | €8,664 | €805 | -€7,859 | -90.7% |
| Operating profit (loss) | 9901 | -€2,245 | -€9,442 | -€7,197 | -320.6% |
| Financial charges | 65/66B | €847 | €757 | -€90 | -10.6% |
| Recurring financial charges | 65 | €847 | €757 | -€90 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,091 | -€10,199 | -€7,107 | -229.9% |
| Profit (loss) for the period | 9904 | -€3,091 | -€10,199 | -€7,107 | -229.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,091 | -€10,199 | -€7,107 | -229.9% |
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.