VBMC: 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.
VBMC
Largest movements
- Receivables within one year +€48,878
up €48,878 (+2623.3%), from €1,863 to €50,741
of which Trade receivables: +€45,076
- Cash -€29,505
down €29,505 (-74.4%), from €39,673 to €10,168
mainly Receivables within one year (-€48,878) and Contributions, distributions and other (-€44,817)
- Tangible fixed assets -€4,067
down €4,067 (-17.2%), from €23,591 to €19,525
- Receivables after one year -€3,316
down €3,316 (-46.7%), from €7,104 to €3,787
- Other debts +€4,932
up €4,932 (+12.2%), from €40,337 to €45,270
- Reserves +€3,324
new in 2026: €3,324
- Trade debts +€2,199
up €2,199 (+175.9%), from €1,250 to €3,449
- Tax, wage and social debts +€1,603
up €1,603 (+10.7%), from €15,027 to €16,630
- Gross operating margin +€3,555
up €3,555 (+5.4%), from €65,536 to €69,091
- Taxes -€2,116
down €2,116 (-14.3%), from €14,814 to €12,698
- Financial charges -€916
down €916 (-23.6%), from €3,888 to €2,972
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,214 | €87,273 | +€12,058 | +16.0% |
| Fixed assets | 21/28 | €23,591 | €19,525 | -€4,067 | -17.2% |
| Tangible fixed assets | 22/27 | €23,591 | €19,525 | -€4,067 | -17.2% |
| Furniture and vehicles | 24 | €23,591 | €19,525 | -€4,067 | -17.2% |
| Current assets | 29/58 | €51,623 | €67,748 | +€16,125 | +31.2% |
| Amounts receivable after more than one year | 29 | €7,104 | €3,787 | -€3,316 | -46.7% |
| Other amounts receivable | 291 | €7,104 | €3,787 | -€3,316 | -46.7% |
| Amounts receivable within one year | 40/41 | €1,863 | €50,741 | +€48,878 | +2623.3% |
| Trade receivables | 40 | €1,863 | €46,939 | +€45,076 | +2419.2% |
| Other amounts receivable | 41 | €0 | €3,802 | +€3,802 | |
| Cash at bank and in hand | 54/58 | €39,673 | €10,168 | -€29,505 | -74.4% |
| Deferred charges and accrued income | 490/1 | €2,983 | €3,052 | +€69 | +2.3% |
| Total equity and liabilities | 10/49 | €75,214 | €87,273 | +€12,058 | +16.0% |
| Equity | 10/15 | €18,600 | €21,924 | +€3,324 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €3,324 | +€3,324 | |
| Distributable reserves | 133 | - | €3,324 | +€3,324 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,614 | €65,349 | +€8,734 | +15.4% |
| Amounts payable within one year | 42/48 | €56,614 | €65,349 | +€8,734 | +15.4% |
| Trade debts | 44 | €1,250 | €3,449 | +€2,199 | +175.9% |
| Suppliers | 440/4 | €1,250 | €3,449 | +€2,199 | +175.9% |
| Taxes, remuneration and social security | 45 | €15,027 | €16,630 | +€1,603 | +10.7% |
| Taxes | 450/3 | €15,027 | €16,630 | +€1,603 | +10.7% |
| Other amounts payable | 47/48 | €40,337 | €45,270 | +€4,932 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,911 | €4,898 | -€13 | -0.3% |
| Other operating charges | 640/8 | €639 | €665 | +€25 | +3.9% |
| Gross operating margin | 9900 | €65,536 | €69,091 | +€3,555 | +5.4% |
| Operating profit (loss) | 9901 | €59,986 | €63,528 | +€3,542 | +5.9% |
| Financial income | 75/76B | €404 | €284 | -€120 | -29.8% |
| Recurring financial income | 75 | €404 | €284 | -€120 | -29.8% |
| Financial charges | 65/66B | €3,888 | €2,972 | -€916 | -23.6% |
| Recurring financial charges | 65 | €3,888 | €2,972 | -€916 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €56,501 | €60,839 | +€4,338 | +7.7% |
| Income taxes | 67/77 | €14,814 | €12,698 | -€2,116 | -14.3% |
| Profit (loss) for the period | 9904 | €41,688 | €48,141 | +€6,454 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,688 | €48,141 | +€6,454 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.