VB TECHNICS: 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 TECHNICS
Largest movements
- Cash +€32,033
up €32,033 (+79.8%), from €40,124 to €72,157
mainly Depreciation (+€24,214) and Net result for the year (+€18,542)
- Tangible fixed assets -€14,500
down €14,500 (-24.4%), from €59,314 to €44,813
of which Furniture and vehicles: -€10,993
- Stocks and contracts +€2,547
up €2,547 (+11.7%), from €21,782 to €24,329
- Receivables within one year -€2,368
down €2,368 (-7.6%), from €30,960 to €28,593
of which Other amounts receivable: -€2,711
- Reserves +€18,542
up €18,542 (+36.3%), from €51,126 to €69,668
of which Distributable reserves: +€18,542
- Tax, wage and social debts +€10,742
up €10,742 (+70.0%), from €15,351 to €26,093
of which Taxes: +€8,866
- Other debts -€8,912
down €8,912 (-15.6%), from €57,173 to €48,261
- Trade debts -€2,526
down €2,526 (-17.3%), from €14,640 to €12,114
- Staff costs -€15,644
no longer reported in 2025 (was €15,644)
- Gross operating margin +€9,322
up €9,322 (+19.5%), from €47,806 to €57,128
- Taxes +€9,163
up €9,163 (+275.5%), from €3,326 to €12,489
- Depreciation +€3,055
up €3,055 (+14.4%), from €21,160 to €24,214
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 | €153,484 | €171,677 | +€18,194 | +11.9% |
| Fixed assets | 21/28 | €59,314 | €44,813 | -€14,500 | -24.4% |
| Tangible fixed assets | 22/27 | €59,314 | €44,813 | -€14,500 | -24.4% |
| Plant, machinery and equipment | 23 | €8,823 | €5,315 | -€3,507 | -39.8% |
| Furniture and vehicles | 24 | €50,491 | €39,498 | -€10,993 | -21.8% |
| Current assets | 29/58 | €94,170 | €126,864 | +€32,694 | +34.7% |
| Stocks and contracts in progress | 3 | €21,782 | €24,329 | +€2,547 | +11.7% |
| Stocks | 30/36 | €21,782 | €24,329 | +€2,547 | +11.7% |
| Amounts receivable within one year | 40/41 | €30,960 | €28,593 | -€2,368 | -7.6% |
| Trade receivables | 40 | €3,497 | €3,841 | +€343 | +9.8% |
| Other amounts receivable | 41 | €27,463 | €24,752 | -€2,711 | -9.9% |
| Cash at bank and in hand | 54/58 | €40,124 | €72,157 | +€32,033 | +79.8% |
| Deferred charges and accrued income | 490/1 | €1,304 | €1,786 | +€482 | +37.0% |
| Total equity and liabilities | 10/49 | €153,484 | €171,677 | +€18,194 | +11.9% |
| Equity | 10/15 | €63,526 | €82,068 | +€18,542 | +29.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,126 | €69,668 | +€18,542 | +36.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,266 | €67,808 | +€18,542 | +37.6% |
| Amounts payable | 17/49 | €89,958 | €89,610 | -€348 | -0.4% |
| Amounts payable within one year | 42/48 | €89,958 | €89,610 | -€348 | -0.4% |
| Financial debts | 43 | €2,794 | €3,142 | +€348 | +12.5% |
| Credit institutions | 430/8 | €2,794 | €3,142 | +€348 | +12.5% |
| Trade debts | 44 | €14,640 | €12,114 | -€2,526 | -17.3% |
| Suppliers | 440/4 | €14,640 | €12,114 | -€2,526 | -17.3% |
| Taxes, remuneration and social security | 45 | €15,351 | €26,093 | +€10,742 | +70.0% |
| Taxes | 450/3 | €15,351 | €24,217 | +€8,866 | +57.8% |
| Remuneration and social security | 454/9 | - | €1,876 | +€1,876 | |
| Other amounts payable | 47/48 | €57,173 | €48,261 | -€8,912 | -15.6% |
| Remuneration, social security and pensions | 62 | €15,644 | - | -€15,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,160 | €24,214 | +€3,055 | +14.4% |
| Other operating charges | 640/8 | €1,178 | €1,265 | +€87 | +7.4% |
| Gross operating margin | 9900 | €47,806 | €57,128 | +€9,322 | +19.5% |
| Operating profit (loss) | 9901 | €9,824 | €31,649 | +€21,825 | +222.2% |
| Financial income | 75/76B | €575 | €567 | -€8 | -1.4% |
| Recurring financial income | 75 | €575 | €567 | -€8 | -1.4% |
| Financial charges | 65/66B | €1,629 | €1,185 | -€444 | -27.2% |
| Recurring financial charges | 65 | €1,629 | €1,185 | -€444 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €8,770 | €31,031 | +€22,261 | +253.8% |
| Income taxes | 67/77 | €3,326 | €12,489 | +€9,163 | +275.5% |
| Profit (loss) for the period | 9904 | €5,444 | €18,542 | +€13,098 | +240.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,444 | €18,542 | +€13,098 | +240.6% |
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 11 October 2026 via checked.be.