VBL Services: what changed
Two fiscal 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 Services
Largest movements
- Receivables within one year +€21,610
up €21,610 (+25.9%), from €83,468 to €105,077
of which Trade receivables: +€22,876
- Cash -€4,349
down €4,349 (-65.5%), from €6,639 to €2,290
mainly Net result for the year (-€29,537) and Receivables within one year (-€21,610)
- Trade debts +€23,588
up €23,588 (+34.2%), from €69,054 to €92,642
- Profit (loss) carried forward -€10,997
down €10,997, from €517 to -€10,479
- Other debts +€5,897
up €5,897 (+110.0%), from €5,361 to €11,258
- Tax, wage and social debts -€1,696
down €1,696 (-25.7%), from €6,596 to €4,900
of which Remuneration and social security: -€2,096
- Gross operating margin -€20,437
down €20,437 (-325.6%), from -€6,276 to -€26,713
- Taxes +€2,377
new in 2025: €2,377
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 | €90,958 | €107,751 | +€16,793 | +18.5% |
| Fixed assets | 21/28 | €852 | €384 | -€468 | -55.0% |
| Tangible fixed assets | 22/27 | €852 | €384 | -€468 | -55.0% |
| Furniture and vehicles | 24 | €852 | €384 | -€468 | -55.0% |
| Current assets | 29/58 | €90,106 | €107,367 | +€17,261 | +19.2% |
| Amounts receivable within one year | 40/41 | €83,468 | €105,077 | +€21,610 | +25.9% |
| Trade receivables | 40 | €81,926 | €104,802 | +€22,876 | +27.9% |
| Other amounts receivable | 41 | €1,542 | €276 | -€1,266 | -82.1% |
| Cash at bank and in hand | 54/58 | €6,639 | €2,290 | -€4,349 | -65.5% |
| Total equity and liabilities | 10/49 | €90,958 | €107,751 | +€16,793 | +18.5% |
| Equity | 10/15 | €9,948 | -€1,049 | -€10,997 | |
| Contributions | 10/11 | €9,430 | €9,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | €517 | -€10,479 | -€10,997 | |
| Amounts payable | 17/49 | €81,010 | €108,800 | +€27,789 | +34.3% |
| Amounts payable within one year | 42/48 | €81,010 | €108,800 | +€27,789 | +34.3% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €69,054 | €92,642 | +€23,588 | +34.2% |
| Suppliers | 440/4 | €69,054 | €92,642 | +€23,588 | +34.2% |
| Taxes, remuneration and social security | 45 | €6,596 | €4,900 | -€1,696 | -25.7% |
| Taxes | 450/3 | - | €400 | +€400 | |
| Remuneration and social security | 454/9 | €6,596 | €4,500 | -€2,096 | -31.8% |
| Other amounts payable | 47/48 | €5,361 | €11,258 | +€5,897 | +110.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €468 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€6,276 | -€26,713 | -€20,437 | -325.6% |
| Operating profit (loss) | 9901 | -€6,744 | -€27,181 | -€20,437 | -303.0% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €310 | €83 | -€227 | -73.3% |
| Recurring financial charges | 65 | €310 | €83 | -€227 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,055 | -€27,160 | -€20,105 | -285.0% |
| Income taxes | 67/77 | - | €2,377 | +€2,377 | |
| Profit (loss) for the period | 9904 | -€7,055 | -€29,537 | -€22,482 | -318.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,055 | -€29,537 | -€22,482 | -318.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.