VBfininvest: 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.
VBfininvest
Largest movements
- Cash +€510,882
up €510,882 (+1,080%), from €47,301 to €558,183
mainly Investment in fixed assets (net) (+€288,275) and Net result for the year (+€247,297)
- Financial fixed assets -€380,775
down €380,775 (-100%), from €380,775 to €0
- Receivables within one year +€240,147
up €240,147 (+2,437%), from €9,853 to €250,000
of which Other amounts receivable: +€240,147
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Tangible fixed assets +€61,084
up €61,084 (+12.1%), from €505,869 to €566,953
of which Furniture and vehicles: +€79,677
- Reserves +€205,218
up €205,218 (+18.2%), from €1.1m to €1.3m
of which Distributable reserves: +€205,218
- Tax, wage and social debts +€20,094
up €20,094 (+462%), from €4,351 to €24,445
- Financial income +€264,837
up €264,837 (+4,021%), from €6,586 to €271,423
- Gross operating margin -€23,627
down €23,627 (-40.2%), from €58,833 to €35,206
- Taxes +€19,124
up €19,124 (+320%), from €5,973 to €25,096
- Depreciation +€6,881
up €6,881 (+28.0%), from €24,535 to €31,416
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 | €1,149,233 | €1,376,400 | +€227,167 | +19.8% |
| Fixed assets | 21/28 | €886,644 | €566,953 | -€319,691 | -36.1% |
| Tangible fixed assets | 22/27 | €505,869 | €566,953 | +€61,084 | +12.1% |
| Land and buildings | 22 | €505,131 | €486,719 | -€18,413 | -3.6% |
| Plant, machinery and equipment | 23 | €738 | €557 | -€180 | -24.4% |
| Furniture and vehicles | 24 | €0 | €79,677 | +€79,677 | |
| Financial fixed assets | 28 | €380,775 | €0 | -€380,775 | -100% |
| Current assets | 29/58 | €262,589 | €809,447 | +€546,858 | +208% |
| Amounts receivable within one year | 40/41 | €9,853 | €250,000 | +€240,147 | +2,437% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,853 | €250,000 | +€240,147 | +2,437% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €47,301 | €558,183 | +€510,882 | +1,080% |
| Deferred charges and accrued income | 490/1 | €5,435 | €1,264 | -€4,171 | -76.8% |
| Total equity and liabilities | 10/49 | €1,149,233 | €1,376,400 | +€227,167 | +19.8% |
| Equity | 10/15 | €1,143,209 | €1,348,427 | +€205,218 | +18.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,124,659 | €1,329,877 | +€205,218 | +18.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,124,659 | €1,329,877 | +€205,218 | +18.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,024 | €27,973 | +€21,948 | +364% |
| Amounts payable within one year | 42/48 | €4,578 | €25,283 | +€20,706 | +452% |
| Trade debts | 44 | €227 | €195 | -€32 | -13.9% |
| Suppliers | 440/4 | €227 | €195 | -€32 | -13.9% |
| Taxes, remuneration and social security | 45 | €4,351 | €24,445 | +€20,094 | +462% |
| Taxes | 450/3 | €4,351 | €24,445 | +€20,094 | +462% |
| Other amounts payable | 47/48 | €0 | €643 | +€643 | |
| Accrued charges and deferred income | 492/3 | €1,447 | €2,689 | +€1,243 | +85.9% |
| Non-recurring operating income | 76A | €62,982 | €0 | -€62,982 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,535 | €31,416 | +€6,881 | +28.0% |
| Other operating charges | 640/8 | €2,310 | €2,699 | +€389 | +16.8% |
| Gross operating margin | 9900 | €58,833 | €35,206 | -€23,627 | -40.2% |
| Operating profit (loss) | 9901 | €31,987 | €1,090 | -€30,897 | -96.6% |
| Financial income | 75/76B | €6,586 | €271,423 | +€264,837 | +4,021% |
| Recurring financial income | 75 | €6,586 | €271,423 | +€264,837 | +4,021% |
| Financial charges | 65/66B | €117 | €120 | +€3 | +2.3% |
| Recurring financial charges | 65 | €117 | €120 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €38,457 | €272,393 | +€233,937 | +608% |
| Income taxes | 67/77 | €5,973 | €25,096 | +€19,124 | +320% |
| Profit (loss) for the period | 9904 | €32,484 | €247,297 | +€214,813 | +661% |
| Profit (loss) for the period to be appropriated | 9905 | €32,484 | €247,297 | +€214,813 | +661% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.