VBN-IT: 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.
VBN-IT
Largest movements
- Cash +€18,315
up €18,315 (+47.3%), from €38,743 to €57,058
mainly Net result for the year (+€53,770) and Other debts (+€39,176)
- Receivables within one year +€11,175
up €11,175 (+29.2%), from €38,238 to €49,412
of which Other amounts receivable: +€10,500
- Tangible fixed assets -€10,907
down €10,907 (-4.8%), from €226,145 to €215,238
of which Land and buildings: -€9,231
- Deferred charges and accrued income -€3,654
down €3,654 (-50.9%), from €7,184 to €3,530
- Other debts +€39,176
up €39,176 (+268.4%), from €14,594 to €53,770
- Debts after one year -€13,728
down €13,728 (-11.6%), from €118,069 to €104,342
- Trade debts -€7,877
down €7,877 (-50.8%), from €15,520 to €7,643
- Tax, wage and social debts -€5,203
down €5,203 (-21.6%), from €24,073 to €18,871
of which Remuneration and social security: -€2,790
- Short-term financial debts +€4,167
new in 2025: €4,167
- Gross operating margin +€14,002
up €14,002 (+19.4%), from €72,274 to €86,276
- Taxes +€2,591
up €2,591 (+21.6%), from €12,001 to €14,592
- Staff costs +€1,165
new in 2025: €1,165
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 | €325,178 | €342,469 | +€17,292 | +5.3% |
| Fixed assets | 21/28 | €226,145 | €215,238 | -€10,907 | -4.8% |
| Tangible fixed assets | 22/27 | €226,145 | €215,238 | -€10,907 | -4.8% |
| Land and buildings | 22 | €215,887 | €206,656 | -€9,231 | -4.3% |
| Furniture and vehicles | 24 | €5,088 | €4,177 | -€911 | -17.9% |
| Other tangible fixed assets | 26 | €5,170 | €4,405 | -€765 | -14.8% |
| Current assets | 29/58 | €99,033 | €127,231 | +€28,199 | +28.5% |
| Amounts receivable within one year | 40/41 | €38,238 | €49,412 | +€11,175 | +29.2% |
| Trade receivables | 40 | €34,472 | €35,147 | +€675 | +2.0% |
| Other amounts receivable | 41 | €3,766 | €14,265 | +€10,500 | +278.8% |
| Current investments | 50/53 | €14,868 | €17,231 | +€2,363 | +15.9% |
| Cash at bank and in hand | 54/58 | €38,743 | €57,058 | +€18,315 | +47.3% |
| Deferred charges and accrued income | 490/1 | €7,184 | €3,530 | -€3,654 | -50.9% |
| Total equity and liabilities | 10/49 | €325,178 | €342,469 | +€17,292 | +5.3% |
| Equity | 10/15 | €138,179 | €138,179 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,579 | €119,579 | = | 0.0% |
| Distributable reserves | 133 | €119,579 | €119,579 | = | 0.0% |
| Amounts payable | 17/49 | €186,998 | €204,290 | +€17,292 | +9.2% |
| Amounts payable after more than one year | 17 | €118,069 | €104,342 | -€13,728 | -11.6% |
| Financial debts | 170/4 | €118,069 | €104,342 | -€13,728 | -11.6% |
| Amounts payable within one year | 42/48 | €67,363 | €98,177 | +€30,814 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €13,176 | €13,728 | +€551 | +4.2% |
| Financial debts | 43 | - | €4,167 | +€4,167 | |
| Credit institutions | 430/8 | - | €4,167 | +€4,167 | |
| Trade debts | 44 | €15,520 | €7,643 | -€7,877 | -50.8% |
| Suppliers | 440/4 | €15,520 | €7,643 | -€7,877 | -50.8% |
| Taxes, remuneration and social security | 45 | €24,073 | €18,871 | -€5,203 | -21.6% |
| Taxes | 450/3 | €21,165 | €18,752 | -€2,413 | -11.4% |
| Remuneration and social security | 454/9 | €2,908 | €118 | -€2,790 | -95.9% |
| Other amounts payable | 47/48 | €14,594 | €53,770 | +€39,176 | +268.4% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,771 | +€205 | +13.1% |
| Remuneration, social security and pensions | 62 | - | €1,165 | +€1,165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,406 | €11,801 | +€396 | +3.5% |
| Other operating charges | 640/8 | €1,353 | €1,872 | +€519 | +38.4% |
| Gross operating margin | 9900 | €72,274 | €86,276 | +€14,002 | +19.4% |
| Operating profit (loss) | 9901 | €59,516 | €71,438 | +€11,923 | +20.0% |
| Financial income | 75/76B | €4,007 | €4,380 | +€373 | +9.3% |
| Recurring financial income | 75 | €4,007 | €4,380 | +€373 | +9.3% |
| Financial charges | 65/66B | €7,465 | €7,456 | -€9 | -0.1% |
| Recurring financial charges | 65 | €8,523 | €6,343 | -€2,180 | -25.6% |
| Non-recurring financial charges | 66B | -€1,058 | €1,113 | +€2,171 | |
| Profit (loss) for the period before taxes | 9903 | €56,057 | €68,362 | +€12,305 | +22.0% |
| Income taxes | 67/77 | €12,001 | €14,592 | +€2,591 | +21.6% |
| Profit (loss) for the period | 9904 | €44,056 | €53,770 | +€9,714 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,056 | €53,770 | +€9,714 | +22.0% |
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 9 October 2026 via checked.be.