VBM Technics: 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 Technics
Largest movements
- Receivables within one year +€46,344
up €46,344 (+305.8%), from €15,155 to €61,499
of which Trade receivables: +€47,900
- Cash -€19,130
down €19,130 (-73.6%), from €26,009 to €6,879
mainly Receivables within one year (-€46,344) and Deferred charges and accrued income (-€1,352)
- Tangible fixed assets -€15,454
down €15,454 (-100.0%), from €15,454 to €0
- Deferred charges and accrued income +€1,352
up €1,352 (+913.2%), from €148 to €1,500
- Reserves +€9,715
up €9,715 (+105.0%), from €9,249 to €18,964
- Tax, wage and social debts +€2,521
up €2,521 (+69.0%), from €3,652 to €6,173
of which Remuneration and social security: +€2,140
- Gross operating margin +€21,956
up €21,956 (+246.7%), from €8,900 to €30,856
- Depreciation -€5,546
down €5,546 (-100.0%), from €5,546 to €0
- Taxes +€2,946
up €2,946 (+828.1%), from €356 to €3,301
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 | €56,765 | €69,878 | +€13,112 | +23.1% |
| Fixed assets | 21/28 | €15,454 | €0 | -€15,454 | -100.0% |
| Tangible fixed assets | 22/27 | €15,454 | €0 | -€15,454 | -100.0% |
| Furniture and vehicles | 24 | €15,454 | €0 | -€15,454 | -100.0% |
| Current assets | 29/58 | €41,312 | €69,878 | +€28,566 | +69.1% |
| Amounts receivable within one year | 40/41 | €15,155 | €61,499 | +€46,344 | +305.8% |
| Trade receivables | 40 | €13,400 | €61,300 | +€47,900 | +357.5% |
| Other amounts receivable | 41 | €1,754 | €199 | -€1,556 | -88.7% |
| Cash at bank and in hand | 54/58 | €26,009 | €6,879 | -€19,130 | -73.6% |
| Deferred charges and accrued income | 490/1 | €148 | €1,500 | +€1,352 | +913.2% |
| Total equity and liabilities | 10/49 | €56,765 | €69,878 | +€13,112 | +23.1% |
| Equity | 10/15 | €11,749 | €21,464 | +€9,715 | +82.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,249 | €18,964 | +€9,715 | +105.0% |
| Distributable reserves | 133 | €9,249 | €18,964 | +€9,715 | +105.0% |
| Amounts payable | 17/49 | €45,017 | €48,414 | +€3,397 | +7.5% |
| Amounts payable within one year | 42/48 | €45,017 | €48,414 | +€3,397 | +7.5% |
| Trade debts | 44 | €234 | €914 | +€680 | +290.0% |
| Suppliers | 440/4 | €234 | €914 | +€680 | +290.0% |
| Taxes, remuneration and social security | 45 | €3,652 | €6,173 | +€2,521 | +69.0% |
| Taxes | 450/3 | €3,652 | €4,034 | +€381 | +10.4% |
| Remuneration and social security | 454/9 | - | €2,140 | +€2,140 | |
| Other amounts payable | 47/48 | €41,130 | €41,326 | +€196 | +0.5% |
| Non-recurring operating income | 76A | - | €401 | +€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,546 | €0 | -€5,546 | -100.0% |
| Other operating charges | 640/8 | €530 | €404 | -€125 | -23.7% |
| Non-recurring operating charges | 66A | - | €15,204 | +€15,204 | |
| Gross operating margin | 9900 | €8,900 | €30,856 | +€21,956 | +246.7% |
| Operating profit (loss) | 9901 | €2,824 | €15,248 | +€12,424 | +440.0% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €2,152 | €2,332 | +€180 | +8.4% |
| Recurring financial charges | 65 | €2,152 | €2,332 | +€180 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €672 | €13,016 | +€12,344 | +1836.8% |
| Income taxes | 67/77 | €356 | €3,301 | +€2,946 | +828.1% |
| Profit (loss) for the period | 9904 | €316 | €9,715 | +€9,399 | +2970.8% |
| Profit (loss) for the period to be appropriated | 9905 | €316 | €9,715 | +€9,399 | +2970.8% |
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 11 October 2026 via checked.be.