VBM HOLDING: 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.
VBM HOLDING
Largest movements
- Cash +€3,354
up €3,354 (+27.9%), from €12,028 to €15,383
mainly Net result for the year (+€2,949) and Tax, wage and social debts (+€391)
- Reserves +€2,949
up €2,949 (+1.4%), from €212,152 to €215,100
of which Distributable reserves: +€2,949
- Gross operating margin +€1,382
up €1,382 (+46.8%), from €2,953 to €4,335
- Purchases and services -€1,382
down €1,382 (-74.8%), from €1,847 to €465
- Taxes +€391
up €391 (+54.8%), from €713 to €1,105
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 | €249,528 | €252,883 | +€3,354 | +1.3% |
| Fixed assets | 21/28 | €237,500 | €237,500 | = | 0.0% |
| Financial fixed assets | 28 | €237,500 | €237,500 | = | 0.0% |
| Current assets | 29/58 | €12,028 | €15,383 | +€3,354 | +27.9% |
| Cash at bank and in hand | 54/58 | €12,028 | €15,383 | +€3,354 | +27.9% |
| Total equity and liabilities | 10/49 | €249,528 | €252,883 | +€3,354 | +1.3% |
| Equity | 10/15 | €224,552 | €227,500 | +€2,949 | +1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €212,152 | €215,100 | +€2,949 | +1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €210,292 | €213,240 | +€2,949 | +1.4% |
| Amounts payable | 17/49 | €24,977 | €25,382 | +€405 | +1.6% |
| Amounts payable within one year | 42/48 | €24,463 | €24,855 | +€391 | +1.6% |
| Financial debts | 43 | €23,750 | €23,750 | = | 0.0% |
| Other loans | 439 | €23,750 | €23,750 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €713 | €1,105 | +€391 | +54.8% |
| Taxes | 450/3 | €713 | €1,105 | +€391 | +54.8% |
| Accrued charges and deferred income | 492/3 | €513 | €528 | +€14 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,847 | €465 | -€1,382 | -74.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €2,953 | €4,335 | +€1,382 | +46.8% |
| Operating profit (loss) | 9901 | €2,827 | €4,207 | +€1,380 | +48.8% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,673 | €4,053 | +€1,380 | +51.6% |
| Income taxes | 67/77 | €713 | €1,105 | +€391 | +54.8% |
| Profit (loss) for the period | 9904 | €1,960 | €2,949 | +€989 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,960 | €2,949 | +€989 | +50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.