VB2P: 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.
VB2P
Largest movements
- Receivables within one year -€39,554
down €39,554 (-45.8%), from €86,407 to €46,853
of which Trade receivables: -€47,685
- Stocks and contracts +€24,008
up €24,008 (+33.9%), from €70,744 to €94,752
- Cash -€5,792
down €5,792 (-6.0%), from €96,584 to €90,792
mainly Stocks and contracts (-€24,008) and Net result for the year (-€18,094)
- Profit (loss) carried forward -€18,094
down €18,094 (-12.8%), from -€141,409 to -€159,503
- Trade debts -€3,401
down €3,401 (-42.5%), from €8,003 to €4,602
- Other operating charges +€41,202
up €41,202 (+1287.3%), from €3,201 to €44,402
- Gross operating margin +€20,558
up €20,558 (+364.7%), from €5,637 to €26,195
- Financial income +€521
new in 2026: €521
- Financial charges -€386
down €386 (-60.5%), from €638 to €252
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,999 | €232,504 | -€21,495 | -8.5% |
| Fixed assets | 21/28 | €264 | €108 | -€156 | -59.2% |
| Tangible fixed assets | 22/27 | €264 | €108 | -€156 | -59.2% |
| Plant, machinery and equipment | 23 | €264 | €108 | -€156 | -59.2% |
| Current assets | 29/58 | €253,735 | €232,396 | -€21,339 | -8.4% |
| Stocks and contracts in progress | 3 | €70,744 | €94,752 | +€24,008 | +33.9% |
| Stocks | 30/36 | €70,744 | €94,752 | +€24,008 | +33.9% |
| Amounts receivable within one year | 40/41 | €86,407 | €46,853 | -€39,554 | -45.8% |
| Trade receivables | 40 | €84,421 | €36,736 | -€47,685 | -56.5% |
| Other amounts receivable | 41 | €1,986 | €10,117 | +€8,131 | +409.4% |
| Cash at bank and in hand | 54/58 | €96,584 | €90,792 | -€5,792 | -6.0% |
| Total equity and liabilities | 10/49 | €253,999 | €232,504 | -€21,495 | -8.5% |
| Equity | 10/15 | -€135,109 | -€153,203 | -€18,094 | -13.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | €6,300 | €6,300 | = | 0.0% |
| Issued capital | 100 | €18,900 | €18,900 | = | 0.0% |
| Uncalled capital | 101 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,409 | -€159,503 | -€18,094 | -12.8% |
| Amounts payable | 17/49 | €389,108 | €385,707 | -€3,401 | -0.9% |
| Amounts payable within one year | 42/48 | €389,108 | €385,707 | -€3,401 | -0.9% |
| Trade debts | 44 | €8,003 | €4,602 | -€3,401 | -42.5% |
| Suppliers | 440/4 | €8,003 | €4,602 | -€3,401 | -42.5% |
| Other amounts payable | 47/48 | €381,105 | €381,105 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €156 | = | 0.0% |
| Other operating charges | 640/8 | €3,201 | €44,402 | +€41,202 | +1287.3% |
| Gross operating margin | 9900 | €5,637 | €26,195 | +€20,558 | +364.7% |
| Operating profit (loss) | 9901 | €2,281 | -€18,363 | -€20,644 | |
| Financial income | 75/76B | - | €521 | +€521 | |
| Recurring financial income | 75 | - | €521 | +€521 | |
| Financial charges | 65/66B | €638 | €252 | -€386 | -60.5% |
| Recurring financial charges | 65 | €638 | €252 | -€386 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €1,643 | -€18,094 | -€19,736 | |
| Profit (loss) for the period | 9904 | €1,643 | -€18,094 | -€19,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,643 | -€18,094 | -€19,736 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.