VBK Renting: 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 Renting
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+19.4%), from €9.6m to €11.5m
of which Furniture and vehicles: +€1.9m
- Cash +€223,370
up €223,370 (+37.0%), from €603,227 to €826,598
mainly Depreciation (+€2.9m) and Other debts (+€1.6m)
- Other debts +€1.6m
up €1.6m (+23.5%), from €6.8m to €8.4m
- Trade debts +€323,068
up €323,068 (+331%), from €97,710 to €420,778
- Reserves +€230,324
up €230,324 (+14.1%), from €1.6m to €1.9m
- Gross operating margin +€700,770
up €700,770 (+25.1%), from €2.8m to €3.5m
- Depreciation +€491,674
up €491,674 (+20.1%), from €2.4m to €2.9m
- Taxes +€45,560
up €45,560 (+145%), from €31,354 to €76,914
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 | €10,451,814 | €12,631,208 | +€2.2m | +20.9% |
| Fixed assets | 21/28 | €9,618,065 | €11,487,349 | +€1.9m | +19.4% |
| Tangible fixed assets | 22/27 | €9,618,065 | €11,487,349 | +€1.9m | +19.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,618,065 | €11,487,349 | +€1.9m | +19.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €833,749 | €1,143,859 | +€310,110 | +37.2% |
| Amounts receivable within one year | 40/41 | €230,522 | €317,261 | +€86,739 | +37.6% |
| Trade receivables | 40 | €95,664 | €239,984 | +€144,320 | +151% |
| Other amounts receivable | 41 | €134,858 | €77,277 | -€57,581 | -42.7% |
| Cash at bank and in hand | 54/58 | €603,227 | €826,598 | +€223,370 | +37.0% |
| Total equity and liabilities | 10/49 | €10,451,814 | €12,631,208 | +€2.2m | +20.9% |
| Equity | 10/15 | €3,333,704 | €3,564,028 | +€230,324 | +6.9% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Reserves | 13 | €1,633,704 | €1,864,028 | +€230,324 | +14.1% |
| Distributable reserves | 133 | €1,633,704 | €1,864,028 | +€230,324 | +14.1% |
| Amounts payable | 17/49 | €7,118,110 | €9,067,179 | +€1.9m | +27.4% |
| Amounts payable within one year | 42/48 | €6,898,761 | €8,820,637 | +€1.9m | +27.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €97,710 | €420,778 | +€323,068 | +331% |
| Suppliers | 440/4 | €97,710 | €420,778 | +€323,068 | +331% |
| Taxes, remuneration and social security | 45 | - | €1,914 | +€1,914 | |
| Taxes | 450/3 | - | €1,914 | +€1,914 | |
| Other amounts payable | 47/48 | €6,801,051 | €8,397,946 | +€1.6m | +23.5% |
| Accrued charges and deferred income | 492/3 | €219,349 | €246,542 | +€27,193 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,446,685 | €2,938,359 | +€491,674 | +20.1% |
| Other operating charges | 640/8 | €4,870 | €5,018 | +€148 | +3.0% |
| Gross operating margin | 9900 | €2,796,595 | €3,497,365 | +€700,770 | +25.1% |
| Operating profit (loss) | 9901 | €345,040 | €553,988 | +€208,948 | +60.6% |
| Financial income | 75/76B | €928 | €108 | -€820 | -88.4% |
| Recurring financial income | 75 | €928 | €108 | -€820 | -88.4% |
| Financial charges | 65/66B | €221,382 | €246,857 | +€25,475 | +11.5% |
| Recurring financial charges | 65 | €221,382 | €246,857 | +€25,475 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €124,586 | €307,238 | +€182,652 | +147% |
| Income taxes | 67/77 | €31,354 | €76,914 | +€45,560 | +145% |
| Profit (loss) for the period | 9904 | €93,232 | €230,324 | +€137,093 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €93,232 | €230,324 | +€137,093 | +147% |
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 14 October 2026 via checked.be.