VBL Drilling: 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.
VBL Drilling
Largest movements
- Cash +€186,061
up €186,061 (+22.4%), from €830,472 to €1.0m
mainly Other debts (+€1.9m) and Net result for the year (+€391,329)
- Receivables within one year -€58,418
down €58,418 (-28.2%), from €206,962 to €148,544
of which Trade receivables: -€54,880
- Deferred charges and accrued income +€45,000
new in 2025: €45,000
- Other debts +€1.9m
up €1.9m (+12924.4%), from €14,503 to €1.9m
- Reserves -€1.8m
down €1.8m (-61.7%), from €2.9m to €1.1m
of which Distributable reserves: -€1.7m
- Tax, wage and social debts +€106,797
up €106,797 (+2701.5%), from €3,953 to €110,750
- Gross operating margin -€130,429
down €130,429 (-20.5%), from €635,688 to €505,259
- Taxes -€28,023
down €28,023 (-18.5%), from €151,799 to €123,776
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 | €2,999,034 | €3,171,677 | +€172,643 | +5.8% |
| Fixed assets | 21/28 | €1,661,600 | €1,661,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,661,600 | €1,661,600 | = | 0.0% |
| Current assets | 29/58 | €1,337,434 | €1,510,077 | +€172,643 | +12.9% |
| Amounts receivable within one year | 40/41 | €206,962 | €148,544 | -€58,418 | -28.2% |
| Trade receivables | 40 | €200,100 | €145,220 | -€54,880 | -27.4% |
| Other amounts receivable | 41 | €6,862 | €3,324 | -€3,538 | -51.6% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €830,472 | €1,016,532 | +€186,061 | +22.4% |
| Deferred charges and accrued income | 490/1 | - | €45,000 | +€45,000 | |
| Total equity and liabilities | 10/49 | €2,999,034 | €3,171,677 | +€172,643 | +5.8% |
| Equity | 10/15 | €2,979,987 | €1,171,316 | -€1.8m | -60.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,929,987 | €1,121,316 | -€1.8m | -61.7% |
| Tax-exempt reserves | 132 | €421,000 | €294,700 | -€126,300 | -30.0% |
| Distributable reserves | 133 | €2,508,987 | €826,616 | -€1.7m | -67.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,047 | €2,000,360 | +€2.0m | +10402.2% |
| Amounts payable within one year | 42/48 | €19,047 | €2,000,360 | +€2.0m | +10402.2% |
| Trade debts | 44 | €591 | €715 | +€124 | +21.0% |
| Suppliers | 440/4 | €591 | €715 | +€124 | +21.0% |
| Taxes, remuneration and social security | 45 | €3,953 | €110,750 | +€106,797 | +2701.5% |
| Taxes | 450/3 | €3,953 | €110,750 | +€106,797 | +2701.5% |
| Other amounts payable | 47/48 | €14,503 | €1,888,895 | +€1.9m | +12924.4% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €635,688 | €505,259 | -€130,429 | -20.5% |
| Operating profit (loss) | 9901 | €635,562 | €505,131 | -€130,431 | -20.5% |
| Financial income | 75/76B | €13,746 | €10,204 | -€3,541 | -25.8% |
| Recurring financial income | 75 | €13,746 | €10,204 | -€3,541 | -25.8% |
| Financial charges | 65/66B | €362 | €230 | -€132 | -36.5% |
| Recurring financial charges | 65 | €362 | €230 | -€132 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €648,946 | €515,106 | -€133,841 | -20.6% |
| Income taxes | 67/77 | €151,799 | €123,776 | -€28,023 | -18.5% |
| Profit (loss) for the period | 9904 | €497,147 | €391,329 | -€105,818 | -21.3% |
| Transfer from tax-exempt reserves | 789 | €168,400 | €126,300 | -€42,100 | -25.0% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €455,047 | €517,629 | +€62,582 | +13.8% |
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 9 October 2026 via checked.be.