VBC IMMO: 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.
VBC IMMO
Largest movements
- Receivables within one year -€8,550
down €8,550 (-8.7%), from €98,724 to €90,174
of which Other amounts receivable: -€20,550
- Trade debts -€15,996
down €15,996 (-70.8%), from €22,580 to €6,584
- Profit (loss) carried forward +€11,501
up €11,501 (+158%), from €7,281 to €18,782
- Debts after one year -€6,606
down €6,606 (-13.2%), from €50,109 to €43,503
- Tax, wage and social debts +€2,835
new in 2025: €2,835
- Depreciation -€7,967
no longer reported in 2025 (was €7,967)
- Taxes +€2,835
new in 2025: €2,835
- Gross operating margin -€605
down €605 (-2.5%), from €24,000 to €23,395
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 | €116,430 | €107,880 | -€8,550 | -7.3% |
| Fixed assets | 21/28 | €17,706 | €17,706 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,706 | €17,706 | = | 0.0% |
| Land and buildings | 22 | €17,706 | €17,706 | = | 0.0% |
| Current assets | 29/58 | €98,724 | €90,174 | -€8,550 | -8.7% |
| Amounts receivable within one year | 40/41 | €98,724 | €90,174 | -€8,550 | -8.7% |
| Trade receivables | 40 | €36,385 | €48,385 | +€12,000 | +33.0% |
| Other amounts receivable | 41 | €62,339 | €41,789 | -€20,550 | -33.0% |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €116,430 | €107,880 | -€8,550 | -7.3% |
| Equity | 10/15 | €36,852 | €48,352 | +€11,501 | +31.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €14,570 | €14,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €12,070 | €12,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,281 | €18,782 | +€11,501 | +158% |
| Amounts payable | 17/49 | €79,578 | €59,528 | -€20,051 | -25.2% |
| Amounts payable after more than one year | 17 | €50,109 | €43,503 | -€6,606 | -13.2% |
| Financial debts | 170/4 | €50,109 | €43,503 | -€6,606 | -13.2% |
| Amounts payable within one year | 42/48 | €29,469 | €16,025 | -€13,444 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €6,134 | €6,606 | +€473 | +7.7% |
| Financial debts | 43 | €756 | - | -€756 | |
| Credit institutions | 430/8 | €756 | - | -€756 | |
| Trade debts | 44 | €22,580 | €6,584 | -€15,996 | -70.8% |
| Suppliers | 440/4 | €22,580 | €6,584 | -€15,996 | -70.8% |
| Taxes, remuneration and social security | 45 | - | €2,835 | +€2,835 | |
| Taxes | 450/3 | - | €2,835 | +€2,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,967 | - | -€7,967 | |
| Other operating charges | 640/8 | €5,500 | €5,675 | +€175 | +3.2% |
| Gross operating margin | 9900 | €24,000 | €23,395 | -€605 | -2.5% |
| Operating profit (loss) | 9901 | €10,533 | €17,720 | +€7,187 | +68.2% |
| Financial charges | 65/66B | €3,252 | €3,384 | +€133 | +4.1% |
| Recurring financial charges | 65 | €3,252 | €3,384 | +€133 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €7,281 | €14,335 | +€7,054 | +96.9% |
| Income taxes | 67/77 | - | €2,835 | +€2,835 | |
| Profit (loss) for the period | 9904 | €7,281 | €11,501 | +€4,219 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,281 | €11,501 | +€4,219 | +57.9% |
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.