VB PRODUCTIONS: 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 PRODUCTIONS
Largest movements
- Tangible fixed assets +€16,660
up €16,660 (+76.5%), from €21,784 to €38,444
- Cash -€12,282
down €12,282 (-47.3%), from €25,980 to €13,698
mainly Investment in fixed assets (net) (-€26,951) and Trade debts (-€17,028)
- Receivables within one year +€6,321
up €6,321 (+70.9%), from €8,920 to €15,241
of which Trade receivables: +€4,779
- Profit (loss) carried forward +€24,101
up €24,101 (+85.4%), from €28,237 to €52,338
- Trade debts -€17,028
down €17,028 (-92.3%), from €18,440 to €1,412
- Other debts +€5,389
new in 2025: €5,389
- Tax, wage and social debts -€1,699
down €1,699 (-33.6%), from €5,050 to €3,351
- Depreciation +€7,691
up €7,691 (+296%), from €2,600 to €10,291
- Gross operating margin +€2,876
up €2,876 (+7.5%), from €38,404 to €41,279
- Taxes -€1,643
down €1,643 (-21.8%), from €7,551 to €5,908
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 | €56,727 | €67,490 | +€10,763 | +19.0% |
| Fixed assets | 21/28 | €21,784 | €38,444 | +€16,660 | +76.5% |
| Tangible fixed assets | 22/27 | €21,784 | €38,444 | +€16,660 | +76.5% |
| Plant, machinery and equipment | 23 | €21,784 | €38,444 | +€16,660 | +76.5% |
| Current assets | 29/58 | €34,943 | €29,045 | -€5,897 | -16.9% |
| Amounts receivable within one year | 40/41 | €8,920 | €15,241 | +€6,321 | +70.9% |
| Trade receivables | 40 | €8,870 | €13,649 | +€4,779 | +53.9% |
| Other amounts receivable | 41 | €49 | €1,592 | +€1,542 | +3,117% |
| Cash at bank and in hand | 54/58 | €25,980 | €13,698 | -€12,282 | -47.3% |
| Deferred charges and accrued income | 490/1 | €43 | €106 | +€63 | +146% |
| Total equity and liabilities | 10/49 | €56,727 | €67,490 | +€10,763 | +19.0% |
| Equity | 10/15 | €33,237 | €57,338 | +€24,101 | +72.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,237 | €52,338 | +€24,101 | +85.4% |
| Amounts payable | 17/49 | €23,490 | €10,151 | -€13,338 | -56.8% |
| Amounts payable within one year | 42/48 | €23,490 | €10,151 | -€13,338 | -56.8% |
| Trade debts | 44 | €18,440 | €1,412 | -€17,028 | -92.3% |
| Suppliers | 440/4 | €18,440 | €1,412 | -€17,028 | -92.3% |
| Taxes, remuneration and social security | 45 | €5,050 | €3,351 | -€1,699 | -33.6% |
| Taxes | 450/3 | €5,050 | €3,351 | -€1,699 | -33.6% |
| Other amounts payable | 47/48 | - | €5,389 | +€5,389 | |
| Non-recurring operating income | 76A | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,600 | €10,291 | +€7,691 | +296% |
| Non-recurring operating charges | 66A | - | €943 | +€943 | |
| Gross operating margin | 9900 | €38,404 | €41,279 | +€2,876 | +7.5% |
| Operating profit (loss) | 9901 | €35,804 | €30,046 | -€5,758 | -16.1% |
| Financial income | 75/76B | €30 | €21 | -€10 | -32.1% |
| Recurring financial income | 75 | €30 | €21 | -€10 | -32.1% |
| Financial charges | 65/66B | €46 | €57 | +€11 | +22.9% |
| Recurring financial charges | 65 | €46 | €57 | +€11 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €35,788 | €30,009 | -€5,779 | -16.1% |
| Income taxes | 67/77 | €7,551 | €5,908 | -€1,643 | -21.8% |
| Profit (loss) for the period | 9904 | €28,237 | €24,101 | -€4,136 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,237 | €24,101 | -€4,136 | -14.6% |
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 15 October 2026 via checked.be.