VBK - Afrasteringen: 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.
VBK - Afrasteringen
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€54,852
down €54,852 (-38.8%), from €141,497 to €86,645
mainly Current investments (-€150,000) and Investment in fixed assets (net) (-€25,782)
- Stocks and contracts -€44,250
down €44,250 (-10.2%), from €434,211 to €389,961
- Receivables within one year -€17,747
down €17,747 (-23.3%), from €76,222 to €58,475
of which Other amounts receivable: -€18,373
- Reserves +€18,170
up €18,170 (+4.5%), from €401,774 to €419,945
- Trade debts +€9,820
up €9,820 (+28.1%), from €34,893 to €44,713
- Financial charges -€14,473
down €14,473 (-69.1%), from €20,956 to €6,482
- Staff costs -€8,102
down €8,102 (-11.3%), from €71,978 to €63,877
- Taxes +€3,250
up €3,250 (+42.3%), from €7,691 to €10,941
- Depreciation +€2,206
up €2,206 (+8.0%), from €27,512 to €29,718
- Financial income -€1,591
down €1,591 (-13.2%), from €12,051 to €10,460
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 | €725,325 | €753,504 | +€28,179 | +3.9% |
| Fixed assets | 21/28 | €68,274 | €64,338 | -€3,936 | -5.8% |
| Tangible fixed assets | 22/27 | €68,274 | €64,338 | -€3,936 | -5.8% |
| Plant, machinery and equipment | 23 | €5,797 | €22,031 | +€16,234 | +280.0% |
| Furniture and vehicles | 24 | €61,408 | €35,981 | -€25,427 | -41.4% |
| Other tangible fixed assets | 26 | €1,069 | €6,326 | +€5,257 | +491.7% |
| Current assets | 29/58 | €657,051 | €689,166 | +€32,115 | +4.9% |
| Stocks and contracts in progress | 3 | €434,211 | €389,961 | -€44,250 | -10.2% |
| Stocks | 30/36 | €434,211 | €389,961 | -€44,250 | -10.2% |
| Amounts receivable within one year | 40/41 | €76,222 | €58,475 | -€17,747 | -23.3% |
| Trade receivables | 40 | €27,849 | €28,475 | +€626 | +2.2% |
| Other amounts receivable | 41 | €48,373 | €30,000 | -€18,373 | -38.0% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €141,497 | €86,645 | -€54,852 | -38.8% |
| Deferred charges and accrued income | 490/1 | €5,121 | €4,085 | -€1,036 | -20.2% |
| Total equity and liabilities | 10/49 | €725,325 | €753,504 | +€28,179 | +3.9% |
| Equity | 10/15 | €424,085 | €442,255 | +€18,170 | +4.3% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €401,774 | €419,945 | +€18,170 | +4.5% |
| Distributable reserves | 133 | €401,774 | €419,945 | +€18,170 | +4.5% |
| Amounts payable | 17/49 | €301,240 | €311,248 | +€10,009 | +3.3% |
| Amounts payable within one year | 42/48 | €301,240 | €311,248 | +€10,009 | +3.3% |
| Trade debts | 44 | €34,893 | €44,713 | +€9,820 | +28.1% |
| Suppliers | 440/4 | €34,893 | €44,713 | +€9,820 | +28.1% |
| Taxes, remuneration and social security | 45 | €22,423 | €18,026 | -€4,397 | -19.6% |
| Taxes | 450/3 | €10,249 | €7,727 | -€2,522 | -24.6% |
| Remuneration and social security | 454/9 | €12,174 | €10,299 | -€1,875 | -15.4% |
| Other amounts payable | 47/48 | €243,924 | €248,509 | +€4,586 | +1.9% |
| Non-recurring operating income | 76A | - | €2,962 | +€2,962 | |
| Remuneration, social security and pensions | 62 | €71,978 | €63,877 | -€8,102 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,512 | €29,718 | +€2,206 | +8.0% |
| Other operating charges | 640/8 | €7,994 | €8,206 | +€212 | +2.7% |
| Gross operating margin | 9900 | €136,245 | €136,934 | +€689 | +0.5% |
| Operating profit (loss) | 9901 | €28,761 | €35,134 | +€6,372 | +22.2% |
| Financial income | 75/76B | €12,051 | €10,460 | -€1,591 | -13.2% |
| Recurring financial income | 75 | €12,051 | €10,460 | -€1,591 | -13.2% |
| Financial charges | 65/66B | €20,956 | €6,482 | -€14,473 | -69.1% |
| Recurring financial charges | 65 | €20,956 | €6,482 | -€14,473 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €19,856 | €39,111 | +€19,255 | +97.0% |
| Income taxes | 67/77 | €7,691 | €10,941 | +€3,250 | +42.3% |
| Profit (loss) for the period | 9904 | €12,166 | €28,170 | +€16,005 | +131.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,166 | €28,170 | +€16,005 | +131.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.