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 +€31,314
up €31,314 (+26.3%), from €119,205 to €150,519
mainly Net result for the year (+€27,993) and Depreciation (+€15,237)
- Tangible fixed assets -€14,250
down €14,250 (-38.2%), from €37,287 to €23,036
of which Furniture and vehicles: -€12,418
- Receivables within one year -€5,645
down €5,645 (-12.8%), from €44,004 to €38,359
of which Trade receivables: -€13,432
- Reserves +€23,029
up €23,029 (+12.9%), from €178,990 to €202,019
of which Distributable reserves: +€44,083
- Debts after one year -€8,721
down €8,721 (-92.3%), from €9,450 to €729
of which Financial debts: -€8,721
- Contributions -€2,750
down €2,750 (-91.7%), from €3,000 to €250
- Gross operating margin +€3,936
up €3,936 (+6.9%), from €57,413 to €61,349
- Taxes +€1,142
up €1,142 (+7.4%), from €15,490 to €16,632
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 | €215,564 | €225,255 | +€9,691 | +4.5% |
| Fixed assets | 21/28 | €37,297 | €23,046 | -€14,250 | -38.2% |
| Tangible fixed assets | 22/27 | €37,287 | €23,036 | -€14,250 | -38.2% |
| Land and buildings | 22 | €6,918 | €5,840 | -€1,077 | -15.6% |
| Plant, machinery and equipment | 23 | €3,897 | €3,142 | -€756 | -19.4% |
| Furniture and vehicles | 24 | €26,472 | €14,054 | -€12,418 | -46.9% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €178,267 | €202,209 | +€23,942 | +13.4% |
| Stocks and contracts in progress | 3 | €12,752 | €12,377 | -€374 | -2.9% |
| Stocks | 30/36 | €12,752 | €12,377 | -€374 | -2.9% |
| Amounts receivable within one year | 40/41 | €44,004 | €38,359 | -€5,645 | -12.8% |
| Trade receivables | 40 | €38,494 | €25,062 | -€13,432 | -34.9% |
| Other amounts receivable | 41 | €5,510 | €13,297 | +€7,787 | +141% |
| Cash at bank and in hand | 54/58 | €119,205 | €150,519 | +€31,314 | +26.3% |
| Deferred charges and accrued income | 490/1 | €2,307 | €953 | -€1,354 | -58.7% |
| Total equity and liabilities | 10/49 | €215,564 | €225,255 | +€9,691 | +4.5% |
| Equity | 10/15 | €181,990 | €202,269 | +€20,279 | +11.1% |
| Contributions | 10/11 | €3,000 | €250 | -€2,750 | -91.7% |
| Reserves | 13 | €178,990 | €202,019 | +€23,029 | +12.9% |
| Tax-exempt reserves | 132 | €42,108 | €21,054 | -€21,054 | -50.0% |
| Distributable reserves | 133 | €136,882 | €180,964 | +€44,083 | +32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,574 | €22,986 | -€10,587 | -31.5% |
| Amounts payable after more than one year | 17 | €9,450 | €729 | -€8,721 | -92.3% |
| Financial debts | 170/4 | €9,450 | €729 | -€8,721 | -92.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,124 | €22,257 | -€1,867 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €8,663 | €8,721 | +€58 | +0.7% |
| Financial debts | 43 | €132 | €21 | -€111 | -84.0% |
| Credit institutions | 430/8 | €132 | €21 | -€111 | -84.0% |
| Trade debts | 44 | €9,050 | €8,424 | -€627 | -6.9% |
| Suppliers | 440/4 | €9,050 | €8,424 | -€627 | -6.9% |
| Taxes, remuneration and social security | 45 | €1,798 | €0 | -€1,798 | -100% |
| Taxes | 450/3 | €1,798 | €0 | -€1,798 | -100% |
| Other amounts payable | 47/48 | €4,481 | €5,091 | +€610 | +13.6% |
| Remuneration, social security and pensions | 62 | €410 | €0 | -€410 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,009 | €15,237 | +€227 | +1.5% |
| Other operating charges | 640/8 | €1,489 | €1,254 | -€235 | -15.8% |
| Gross operating margin | 9900 | €57,413 | €61,349 | +€3,936 | +6.9% |
| Operating profit (loss) | 9901 | €40,504 | €44,858 | +€4,355 | +10.8% |
| Financial income | 75/76B | €607 | €21 | -€586 | -96.5% |
| Recurring financial income | 75 | €607 | €21 | -€586 | -96.5% |
| Financial charges | 65/66B | €316 | €255 | -€62 | -19.6% |
| Recurring financial charges | 65 | €316 | €255 | -€62 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €40,795 | €44,625 | +€3,830 | +9.4% |
| Income taxes | 67/77 | €15,490 | €16,632 | +€1,142 | +7.4% |
| Profit (loss) for the period | 9904 | €25,305 | €27,993 | +€2,689 | +10.6% |
| Transfer from tax-exempt reserves | 789 | €21,054 | €21,054 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €46,359 | €49,047 | +€2,689 | +5.8% |
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 14 October 2026 via checked.be.