VBM Sales & Consult: 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 Sales & Consult
Largest movements
- Stocks and contracts -€89,625
down €89,625 (-72.7%), from €123,300 to €33,675
- Cash -€31,498
down €31,498 (-89.5%), from €35,213 to €3,715
mainly Short-term financial debts (-€52,500) and Other debts (-€46,693)
- Receivables within one year -€2,321
down €2,321 (-69.7%), from €3,327 to €1,007
of which Trade receivables: -€2,246
- Short-term financial debts -€52,500
no longer reported in 2025 (was €52,500)
- Other debts -€46,693
down €46,693 (-32.2%), from €144,998 to €98,305
- Profit (loss) carried forward -€23,284
down €23,284 (-49.9%), from -€46,624 to -€69,909
- Gross operating margin -€19,611
down €19,611 (-827%), from -€2,371 to -€21,982
- Financial charges -€3,859
down €3,859 (-74.5%), from €5,182 to €1,323
- Other operating charges -€1,181
no longer reported in 2025 (was €1,181)
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 | €161,840 | €38,396 | -€123,444 | -76.3% |
| Current assets | 29/58 | €161,840 | €38,396 | -€123,444 | -76.3% |
| Stocks and contracts in progress | 3 | €123,300 | €33,675 | -€89,625 | -72.7% |
| Stocks | 30/36 | €123,300 | €33,675 | -€89,625 | -72.7% |
| Amounts receivable within one year | 40/41 | €3,327 | €1,007 | -€2,321 | -69.7% |
| Trade receivables | 40 | €2,300 | €54 | -€2,246 | -97.6% |
| Other amounts receivable | 41 | €1,027 | €952 | -€75 | -7.3% |
| Cash at bank and in hand | 54/58 | €35,213 | €3,715 | -€31,498 | -89.5% |
| Total equity and liabilities | 10/49 | €161,840 | €38,396 | -€123,444 | -76.3% |
| Equity | 10/15 | -€36,624 | -€59,909 | -€23,284 | -63.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,624 | -€69,909 | -€23,284 | -49.9% |
| Amounts payable | 17/49 | €198,464 | €98,305 | -€100,159 | -50.5% |
| Amounts payable within one year | 42/48 | €198,464 | €98,305 | -€100,159 | -50.5% |
| Financial debts | 43 | €52,500 | - | -€52,500 | |
| Credit institutions | 430/8 | €52,500 | - | -€52,500 | |
| Trade debts | 44 | €959 | - | -€959 | |
| Suppliers | 440/4 | €959 | - | -€959 | |
| Taxes, remuneration and social security | 45 | €7 | - | -€7 | |
| Taxes | 450/3 | €7 | - | -€7 | |
| Other amounts payable | 47/48 | €144,998 | €98,305 | -€46,693 | -32.2% |
| Other operating charges | 640/8 | €1,181 | - | -€1,181 | |
| Gross operating margin | 9900 | -€2,371 | -€21,982 | -€19,611 | -827% |
| Operating profit (loss) | 9901 | -€3,552 | -€21,982 | -€18,430 | -519% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €5,182 | €1,323 | -€3,859 | -74.5% |
| Recurring financial charges | 65 | €5,182 | €1,323 | -€3,859 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,734 | -€23,284 | -€14,550 | -167% |
| Profit (loss) for the period | 9904 | -€8,734 | -€23,284 | -€14,550 | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,734 | -€23,284 | -€14,550 | -167% |
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 30 October 2026 via checked.be.