VBANE: 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.
VBANE
Largest movements
- Deferred charges and accrued income +€56,423
up €56,423 (+45.4%), from €124,412 to €180,835
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash +€38,119
up €38,119 (+23.5%), from €162,235 to €200,355
mainly Net result for the year (+€204,258) and Current investments (+€50,000)
- Tangible fixed assets -€11,439
down €11,439 (-58.6%), from €19,525 to €8,086
- Receivables within one year +€5,900
up €5,900 (+11800.0%), from €50 to €5,950
- Accrued charges and deferred income +€48,655
new in 2025: €48,655
- Other debts -€14,937
down €14,937 (-11.3%), from €132,686 to €117,748
- Reserves +€4,300
up €4,300 (+2.1%), from €204,860 to €209,160
- Gross operating margin +€3,362
up €3,362 (+1.2%), from €275,652 to €279,014
- Financial income -€2,971
down €2,971 (-65.0%), from €4,572 to €1,601
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 | €356,223 | €395,226 | +€39,003 | +10.9% |
| Fixed assets | 21/28 | €19,525 | €8,086 | -€11,439 | -58.6% |
| Tangible fixed assets | 22/27 | €19,525 | €8,086 | -€11,439 | -58.6% |
| Furniture and vehicles | 24 | €19,525 | €8,086 | -€11,439 | -58.6% |
| Current assets | 29/58 | €336,697 | €387,140 | +€50,442 | +15.0% |
| Amounts receivable within one year | 40/41 | €50 | €5,950 | +€5,900 | +11800.0% |
| Other amounts receivable | 41 | €50 | €5,950 | +€5,900 | +11800.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €162,235 | €200,355 | +€38,119 | +23.5% |
| Deferred charges and accrued income | 490/1 | €124,412 | €180,835 | +€56,423 | +45.4% |
| Total equity and liabilities | 10/49 | €356,223 | €395,226 | +€39,003 | +10.9% |
| Equity | 10/15 | €223,537 | €227,795 | +€4,258 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,860 | €209,160 | +€4,300 | +2.1% |
| Distributable reserves | 133 | €204,860 | €209,160 | +€4,300 | +2.1% |
| Profit (loss) carried forward | 14 | €77 | €35 | -€42 | -55.2% |
| Amounts payable | 17/49 | €132,686 | €167,431 | +€34,746 | +26.2% |
| Amounts payable within one year | 42/48 | €132,686 | €118,777 | -€13,909 | -10.5% |
| Trade debts | 44 | €0 | €1,028 | +€1,028 | |
| Suppliers | 440/4 | €0 | €1,028 | +€1,028 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,686 | €117,748 | -€14,937 | -11.3% |
| Accrued charges and deferred income | 492/3 | - | €48,655 | +€48,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,599 | €11,439 | -€160 | -1.4% |
| Other operating charges | 640/8 | €690 | €712 | +€22 | +3.2% |
| Gross operating margin | 9900 | €275,652 | €279,014 | +€3,362 | +1.2% |
| Operating profit (loss) | 9901 | €263,363 | €266,862 | +€3,500 | +1.3% |
| Financial income | 75/76B | €4,572 | €1,601 | -€2,971 | -65.0% |
| Recurring financial income | 75 | €4,572 | €1,601 | -€2,971 | -65.0% |
| Financial charges | 65/66B | €213 | €106 | -€107 | -50.4% |
| Recurring financial charges | 65 | €213 | €106 | -€107 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €267,721 | €268,358 | +€636 | +0.2% |
| Income taxes | 67/77 | €63,780 | €64,100 | +€320 | +0.5% |
| Profit (loss) for the period | 9904 | €203,941 | €204,258 | +€316 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €203,941 | €204,258 | +€316 | +0.2% |
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 8 October 2026 via checked.be.