VBG SERVICES: 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.
VBG SERVICES
Largest movements
- Tangible fixed assets -€10,391
down €10,391 (-16.6%), from €62,598 to €52,208
of which Furniture and vehicles: -€10,044
- Cash -€10,110
down €10,110 (-35.4%), from €28,598 to €18,488
mainly Debts after one year (-€8,416) and Net result for the year (-€7,732)
- Receivables within one year -€3,412
down €3,412 (-17.9%), from €19,058 to €15,645
- Debts after one year -€8,416
down €8,416 (-31.3%), from €26,923 to €18,508
- Reserves -€7,732
down €7,732 (-20.5%), from €37,647 to €29,915
- Tax, wage and social debts -€7,330
down €7,330 (-52.9%), from €13,868 to €6,539
- Current portion of long-term debt -€2,349
down €2,349 (-21.8%), from €10,764 to €8,416
- Trade debts +€1,913
up €1,913 (+78.0%), from €2,452 to €4,364
- Gross operating margin -€46,977
down €46,977 (-79.9%), from €58,820 to €11,843
- Taxes -€10,321
down €10,321 (-94.4%), from €10,930 to €610
- Depreciation +€7,817
up €7,817 (+82.7%), from €9,453 to €17,270
- Financial charges +€889
up €889 (+402%), from €221 to €1,110
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 | €110,254 | €86,341 | -€23,913 | -21.7% |
| Fixed assets | 21/28 | €62,598 | €52,208 | -€10,391 | -16.6% |
| Tangible fixed assets | 22/27 | €62,598 | €52,208 | -€10,391 | -16.6% |
| Plant, machinery and equipment | 23 | €1,560 | €1,214 | -€346 | -22.2% |
| Furniture and vehicles | 24 | €61,038 | €50,994 | -€10,044 | -16.5% |
| Current assets | 29/58 | €47,656 | €34,133 | -€13,522 | -28.4% |
| Amounts receivable within one year | 40/41 | €19,058 | €15,645 | -€3,412 | -17.9% |
| Trade receivables | 40 | €19,058 | €15,645 | -€3,412 | -17.9% |
| Cash at bank and in hand | 54/58 | €28,598 | €18,488 | -€10,110 | -35.4% |
| Total equity and liabilities | 10/49 | €110,254 | €86,341 | -€23,913 | -21.7% |
| Equity | 10/15 | €56,247 | €48,515 | -€7,732 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,647 | €29,915 | -€7,732 | -20.5% |
| Distributable reserves | 133 | €37,647 | €29,915 | -€7,732 | -20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,007 | €37,826 | -€16,181 | -30.0% |
| Amounts payable after more than one year | 17 | €26,923 | €18,508 | -€8,416 | -31.3% |
| Financial debts | 170/4 | €26,923 | €18,508 | -€8,416 | -31.3% |
| Amounts payable within one year | 42/48 | €27,084 | €19,318 | -€7,766 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €10,764 | €8,416 | -€2,349 | -21.8% |
| Trade debts | 44 | €2,452 | €4,364 | +€1,913 | +78.0% |
| Suppliers | 440/4 | €2,452 | €4,364 | +€1,913 | +78.0% |
| Taxes, remuneration and social security | 45 | €13,868 | €6,539 | -€7,330 | -52.9% |
| Taxes | 450/3 | €13,868 | €6,539 | -€7,330 | -52.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,312 | €0 | -€11,312 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,453 | €17,270 | +€7,817 | +82.7% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €58,820 | €11,843 | -€46,977 | -79.9% |
| Operating profit (loss) | 9901 | €48,798 | -€6,012 | -€54,810 | |
| Financial charges | 65/66B | €221 | €1,110 | +€889 | +402% |
| Recurring financial charges | 65 | €221 | €1,110 | +€889 | +402% |
| Profit (loss) for the period before taxes | 9903 | €48,577 | -€7,122 | -€55,699 | |
| Income taxes | 67/77 | €10,930 | €610 | -€10,321 | -94.4% |
| Profit (loss) for the period | 9904 | €37,647 | -€7,732 | -€45,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,647 | -€7,732 | -€45,379 |
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 16 October 2026 via checked.be.