VBNetwork: what changed
Two fiscal 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.
VBNetwork
Largest movements
- Tangible fixed assets +€5,776
up €5,776 (+231.6%), from €2,494 to €8,270
of which Furniture and vehicles: +€2,897
- Cash +€4,425
up €4,425 (+953.3%), from €464 to €4,889
mainly Net result for the year (+€19,948) and Depreciation (+€2,246)
- Receivables within one year +€2,132
up €2,132 (+7.3%), from €29,314 to €31,446
of which Other amounts receivable: +€5,993
- Profit (loss) carried forward +€19,948
up €19,948 (+208.4%), from €9,574 to €29,523
- Trade debts -€8,197
down €8,197 (-82.0%), from €10,002 to €1,804
- Gross operating margin +€14,826
up €14,826 (+111.8%), from €13,266 to €28,092
- Taxes +€2,799
up €2,799 (+98.5%), from €2,841 to €5,640
- Depreciation +€1,508
up €1,508 (+204.4%), from €738 to €2,246
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 | €33,871 | €45,956 | +€12,084 | +35.7% |
| Fixed assets | 21/28 | €2,494 | €8,270 | +€5,776 | +231.6% |
| Tangible fixed assets | 22/27 | €2,494 | €8,270 | +€5,776 | +231.6% |
| Plant, machinery and equipment | 23 | €2,090 | €4,968 | +€2,879 | +137.7% |
| Furniture and vehicles | 24 | €404 | €3,302 | +€2,897 | +716.4% |
| Current assets | 29/58 | €31,377 | €37,685 | +€6,308 | +20.1% |
| Amounts receivable within one year | 40/41 | €29,314 | €31,446 | +€2,132 | +7.3% |
| Trade receivables | 40 | €29,314 | €25,453 | -€3,861 | -13.2% |
| Other amounts receivable | 41 | - | €5,993 | +€5,993 | |
| Cash at bank and in hand | 54/58 | €464 | €4,889 | +€4,425 | +953.3% |
| Deferred charges and accrued income | 490/1 | €1,599 | €1,351 | -€248 | -15.5% |
| Total equity and liabilities | 10/49 | €33,871 | €45,956 | +€12,084 | +35.7% |
| Equity | 10/15 | €12,074 | €32,023 | +€19,948 | +165.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,574 | €29,523 | +€19,948 | +208.4% |
| Amounts payable | 17/49 | €21,797 | €13,933 | -€7,864 | -36.1% |
| Amounts payable within one year | 42/48 | €21,797 | €13,933 | -€7,864 | -36.1% |
| Trade debts | 44 | €10,002 | €1,804 | -€8,197 | -82.0% |
| Suppliers | 440/4 | €10,002 | €1,804 | -€8,197 | -82.0% |
| Taxes, remuneration and social security | 45 | €11,715 | €12,129 | +€414 | +3.5% |
| Taxes | 450/3 | €11,715 | €12,129 | +€414 | +3.5% |
| Other amounts payable | 47/48 | €80 | €0 | -€80 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €2,246 | +€1,508 | +204.4% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €13,266 | €28,092 | +€14,826 | +111.8% |
| Operating profit (loss) | 9901 | €12,528 | €25,783 | +€13,255 | +105.8% |
| Financial income | 75/76B | - | €64 | +€64 | |
| Recurring financial income | 75 | - | €64 | +€64 | |
| Financial charges | 65/66B | €113 | €259 | +€146 | +130.1% |
| Recurring financial charges | 65 | €113 | €259 | +€146 | +130.1% |
| Profit (loss) for the period before taxes | 9903 | €12,415 | €25,588 | +€13,173 | +106.1% |
| Income taxes | 67/77 | €2,841 | €5,640 | +€2,799 | +98.5% |
| Profit (loss) for the period | 9904 | €9,574 | €19,948 | +€10,374 | +108.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,574 | €19,948 | +€10,374 | +108.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.