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VBF.BV: 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.

What changed

VBF.BV

BE 1008.284.316
NACE 43.230, Insulation installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,790
2024 · €3,257-€10,047
Equity
-€1,533
2024 · €5,257-€6,790
Cash
€8
2024 · €6,071-€6,063
Balance sheet total
€316
2024 · €6,071-€5,755

Largest movements

2024 to 2025
Assets
  • Cash -€6,063

    down €6,063 (-99.9%), from €6,071 to €8

    mainly Net result for the year (-€6,790) and Receivables within one year (-€308)

  • Receivables within one year +€308

    new in 2025: €308

Equity and liabilities
  • Profit (loss) carried forward -€6,790

    down €6,790, from €3,257 to -€3,533

  • Trade debts +€1,035

    new in 2025: €1,035

Income statement
  • Gross operating margin -€11,263

    down €11,263, from €4,493 to -€6,770

  • Taxes -€814

    no longer reported in 2025 (was €814)

  • Other operating charges -€387

    no longer reported in 2025 (was €387)

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €3,257
Gross operating margin -€11,263
Other operating charges +€387
Financial charges +€15
Taxes +€814
Result 2025 -€6,790

Cash bridge derived

cash 2024 to 2025

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.

From operations -€6,063
Investment €0
Financing +€0
Cash 2024 €6,071
Net result for the year -€6,790
Receivables within one year -€308
Trade debts +€1,035
Tax, wage and social debts -€0
Contributions, distributions and other +€0
Cash 2025 €8
Every line side by side 24 lines
Line Code 2024 2025 Change %
Total assets 20/58 €6,071 €316 -€5,755 -94.8%
Current assets 29/58 €6,071 €316 -€5,755 -94.8%
Amounts receivable within one year 40/41 - €308 +€308
Other amounts receivable 41 - €308 +€308
Cash at bank and in hand 54/58 €6,071 €8 -€6,063 -99.9%
Total equity and liabilities 10/49 €6,071 €316 -€5,755 -94.8%
Equity 10/15 €5,257 -€1,533 -€6,790
Contributions 10/11 €2,000 €2,000 = 0.0%
Profit (loss) carried forward 14 €3,257 -€3,533 -€6,790
Amounts payable 17/49 €814 €1,849 +€1,035 +127.1%
Amounts payable within one year 42/48 €814 €1,849 +€1,035 +127.1%
Trade debts 44 - €1,035 +€1,035
Suppliers 440/4 - €1,035 +€1,035
Taxes, remuneration and social security 45 €814 €814 -€0 0.0%
Taxes 450/3 €814 €814 -€0 0.0%
Other operating charges 640/8 €387 - -€387
Gross operating margin 9900 €4,493 -€6,770 -€11,263
Operating profit (loss) 9901 €4,106 -€6,770 -€10,876
Financial charges 65/66B €35 €20 -€15 -42.9%
Recurring financial charges 65 €35 €20 -€15 -42.9%
Profit (loss) for the period before taxes 9903 €4,071 -€6,790 -€10,861
Income taxes 67/77 €814 - -€814
Profit (loss) for the period 9904 €3,257 -€6,790 -€10,047
Profit (loss) for the period to be appropriated 9905 €3,257 -€6,790 -€10,047

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 9 October 2026 via checked.be.