VBK Motion: 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 Motion
Largest movements
- Receivables within one year +€83,107
up €83,107 (+40,322%), from €206 to €83,313
of which Other amounts receivable: +€82,936
- Cash -€45,949
down €45,949 (-50.8%), from €90,438 to €44,489
mainly Receivables within one year (-€83,107) and Deferred charges and accrued income (-€8,253)
- Deferred charges and accrued income +€8,253
up €8,253 (+1,681%), from €491 to €8,744
- Financial fixed assets +€2,500
new in 2025: €2,500
- Reserves +€52,440
up €52,440 (+83.5%), from €62,830 to €115,270
- Tax, wage and social debts -€2,382
down €2,382 (-14.6%), from €16,261 to €13,879
- Trade debts -€1,896
down €1,896 (-30.1%), from €6,297 to €4,401
- Gross operating margin -€13,358
down €13,358 (-16.2%), from €82,431 to €69,074
- Taxes -€2,382
down €2,382 (-14.6%), from €16,261 to €13,879
- Other operating charges -€1,086
down €1,086 (-57.7%), from €1,881 to €795
- Financial charges +€915
up €915 (+91.3%), from €1,002 to €1,917
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 | €91,178 | €139,047 | +€47,869 | +52.5% |
| Fixed assets | 21/28 | €42 | €2,500 | +€2,458 | +5,803% |
| Tangible fixed assets | 22/27 | €42 | €0 | -€42 | -100% |
| Furniture and vehicles | 24 | €42 | €0 | -€42 | -100% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €91,135 | €136,547 | +€45,411 | +49.8% |
| Amounts receivable within one year | 40/41 | €206 | €83,313 | +€83,107 | +40,322% |
| Trade receivables | 40 | €206 | €377 | +€171 | +82.9% |
| Other amounts receivable | 41 | - | €82,936 | +€82,936 | |
| Cash at bank and in hand | 54/58 | €90,438 | €44,489 | -€45,949 | -50.8% |
| Deferred charges and accrued income | 490/1 | €491 | €8,744 | +€8,253 | +1,681% |
| Total equity and liabilities | 10/49 | €91,178 | €139,047 | +€47,869 | +52.5% |
| Equity | 10/15 | €67,830 | €120,270 | +€52,440 | +77.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,830 | €115,270 | +€52,440 | +83.5% |
| Distributable reserves | 133 | €62,830 | €115,270 | +€52,440 | +83.5% |
| Amounts payable | 17/49 | €23,348 | €18,777 | -€4,571 | -19.6% |
| Amounts payable within one year | 42/48 | €23,348 | €18,700 | -€4,648 | -19.9% |
| Trade debts | 44 | €6,297 | €4,401 | -€1,896 | -30.1% |
| Suppliers | 440/4 | €6,297 | €4,401 | -€1,896 | -30.1% |
| Taxes, remuneration and social security | 45 | €16,261 | €13,879 | -€2,382 | -14.6% |
| Taxes | 450/3 | €16,261 | €13,879 | -€2,382 | -14.6% |
| Other amounts payable | 47/48 | €790 | €420 | -€370 | -46.8% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Non-recurring operating income | 76A | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458 | €42 | -€415 | -90.7% |
| Other operating charges | 640/8 | €1,881 | €795 | -€1,086 | -57.7% |
| Gross operating margin | 9900 | €82,431 | €69,074 | -€13,358 | -16.2% |
| Operating profit (loss) | 9901 | €80,093 | €68,236 | -€11,857 | -14.8% |
| Financial charges | 65/66B | €1,002 | €1,917 | +€915 | +91.3% |
| Recurring financial charges | 65 | €1,002 | €1,917 | +€915 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €79,091 | €66,319 | -€12,772 | -16.1% |
| Income taxes | 67/77 | €16,261 | €13,879 | -€2,382 | -14.6% |
| Profit (loss) for the period | 9904 | €62,830 | €52,440 | -€10,390 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,830 | €52,440 | -€10,390 | -16.5% |
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 14 October 2026 via checked.be.