VBrep: 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.
VBrep
Largest movements
- Tangible fixed assets +€233,650
up €233,650 (+1362.2%), from €17,152 to €250,802
of which Land and buildings: +€236,000
- Receivables within one year +€44,650
up €44,650 (+91.4%), from €48,830 to €93,480
of which Trade receivables: +€39,839
- Intangible fixed assets -€16,700
down €16,700 (-80.0%), from €20,875 to €4,175
- Debts after one year +€251,395
up €251,395 (+16073.9%), from €1,564 to €252,959
- Profit (loss) carried forward -€60,879
down €60,879 (-197.5%), from -€30,822 to -€91,701
- Trade debts +€52,912
up €52,912 (+848.2%), from €6,238 to €59,149
- Current portion of long-term debt +€9,690
up €9,690 (+152.5%), from €6,353 to €16,042
- Tax, wage and social debts +€5,223
up €5,223 (+59.9%), from €8,716 to €13,939
of which Remuneration and social security: +€4,400
- Depreciation +€38,550
up €38,550 (+179.9%), from €21,429 to €59,979
- Gross operating margin -€11,573
down €11,573 (-68.5%), from €16,899 to €5,326
- Financial charges +€5,107
up €5,107 (+297.2%), from €1,719 to €6,826
- Other operating charges -€477
down €477 (-24.5%), from €1,945 to €1,468
- Financial income +€387
up €387 (+20.0%), from €1,939 to €2,326
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,011 | €355,162 | +€259,151 | +269.9% |
| Fixed assets | 21/28 | €40,302 | €257,252 | +€216,950 | +538.3% |
| Intangible fixed assets | 21 | €20,875 | €4,175 | -€16,700 | -80.0% |
| Tangible fixed assets | 22/27 | €17,152 | €250,802 | +€233,650 | +1362.2% |
| Land and buildings | 22 | - | €236,000 | +€236,000 | |
| Plant, machinery and equipment | 23 | €5,154 | €5,135 | -€20 | -0.4% |
| Furniture and vehicles | 24 | €11,998 | €9,668 | -€2,330 | -19.4% |
| Financial fixed assets | 28 | €2,275 | €2,275 | = | 0.0% |
| Current assets | 29/58 | €55,708 | €97,909 | +€42,201 | +75.8% |
| Amounts receivable within one year | 40/41 | €48,830 | €93,480 | +€44,650 | +91.4% |
| Trade receivables | 40 | €14,115 | €53,954 | +€39,839 | +282.2% |
| Other amounts receivable | 41 | €34,714 | €39,526 | +€4,811 | +13.9% |
| Cash at bank and in hand | 54/58 | €1,586 | €68 | -€1,518 | -95.7% |
| Deferred charges and accrued income | 490/1 | €5,293 | €4,362 | -€931 | -17.6% |
| Total equity and liabilities | 10/49 | €96,011 | €355,162 | +€259,151 | +269.9% |
| Equity | 10/15 | €69,178 | €8,299 | -€60,879 | -88.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,822 | -€91,701 | -€60,879 | -197.5% |
| Amounts payable | 17/49 | €26,833 | €346,863 | +€320,030 | +1192.7% |
| Amounts payable after more than one year | 17 | €1,564 | €252,959 | +€251,395 | +16073.9% |
| Financial debts | 170/4 | €1,564 | €252,959 | +€251,395 | +16073.9% |
| Amounts payable within one year | 42/48 | €25,269 | €93,904 | +€68,635 | +271.6% |
| Current portion of amounts payable after more than one year | 42 | €6,353 | €16,042 | +€9,690 | +152.5% |
| Financial debts | 43 | - | €1,163 | +€1,163 | |
| Credit institutions | 430/8 | - | €1,163 | +€1,163 | |
| Trade debts | 44 | €6,238 | €59,149 | +€52,912 | +848.2% |
| Suppliers | 440/4 | €6,238 | €59,149 | +€52,912 | +848.2% |
| Advances received on contracts in progress | 46 | €3,012 | - | -€3,012 | |
| Taxes, remuneration and social security | 45 | €8,716 | €13,939 | +€5,223 | +59.9% |
| Taxes | 450/3 | €6,216 | €7,039 | +€823 | +13.2% |
| Remuneration and social security | 454/9 | €2,500 | €6,900 | +€4,400 | +176.0% |
| Other amounts payable | 47/48 | €950 | €3,610 | +€2,660 | +280.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,429 | €59,979 | +€38,550 | +179.9% |
| Other operating charges | 640/8 | €1,945 | €1,468 | -€477 | -24.5% |
| Gross operating margin | 9900 | €16,899 | €5,326 | -€11,573 | -68.5% |
| Operating profit (loss) | 9901 | -€6,475 | -€56,121 | -€49,646 | -766.7% |
| Financial income | 75/76B | €1,939 | €2,326 | +€387 | +20.0% |
| Recurring financial income | 75 | €1,939 | €2,326 | +€387 | +20.0% |
| Financial charges | 65/66B | €1,719 | €6,826 | +€5,107 | +297.2% |
| Recurring financial charges | 65 | €1,719 | €6,826 | +€5,107 | +297.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,254 | -€60,621 | -€54,366 | -869.2% |
| Income taxes | 67/77 | €270 | €258 | -€12 | -4.3% |
| Profit (loss) for the period | 9904 | -€6,524 | -€60,879 | -€54,355 | -833.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,524 | -€60,879 | -€54,355 | -833.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.