VBS Electro: 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.
VBS Electro
Largest movements
- Receivables within one year +€23,610
up €23,610 (+139.5%), from €16,923 to €40,533
of which Other amounts receivable: +€30,384
- Tangible fixed assets -€7,435
down €7,435 (-36.7%), from €20,271 to €12,836
- Cash +€2,214
up €2,214 (+16415.2%), from €13 to €2,228
mainly Net result for the year (+€23,686) and Depreciation (+€7,435)
- Deferred charges and accrued income +€1,110
up €1,110 (+92.9%), from €1,195 to €2,305
- Reserves +€23,686
up €23,686 (+113.6%), from €20,853 to €44,538
- Trade debts -€4,943
down €4,943 (-89.3%), from €5,535 to €592
- Tax, wage and social debts +€1,616
up €1,616 (+22.6%), from €7,156 to €8,772
- Other debts -€859
down €859 (-100.0%), from €859 to €0
- Gross operating margin +€24,469
up €24,469 (+202.8%), from €12,063 to €36,532
- Taxes +€5,504
up €5,504 (+1251.3%), from €440 to €5,944
- Depreciation -€2,027
down €2,027 (-21.4%), from €9,462 to €7,435
- Financial income +€1,244
up €1,244, from €0 to €1,244
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 | €38,403 | €57,902 | +€19,499 | +50.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €20,271 | €12,836 | -€7,435 | -36.7% |
| Tangible fixed assets | 22/27 | €20,271 | €12,836 | -€7,435 | -36.7% |
| Furniture and vehicles | 24 | €20,271 | €12,836 | -€7,435 | -36.7% |
| Current assets | 29/58 | €18,132 | €45,066 | +€26,935 | +148.6% |
| Amounts receivable within one year | 40/41 | €16,923 | €40,533 | +€23,610 | +139.5% |
| Trade receivables | 40 | €9,400 | €2,626 | -€6,774 | -72.1% |
| Other amounts receivable | 41 | €7,523 | €37,907 | +€30,384 | +403.9% |
| Cash at bank and in hand | 54/58 | €13 | €2,228 | +€2,214 | +16415.2% |
| Deferred charges and accrued income | 490/1 | €1,195 | €2,305 | +€1,110 | +92.9% |
| Total equity and liabilities | 10/49 | €38,403 | €57,902 | +€19,499 | +50.8% |
| Equity | 10/15 | €24,853 | €48,538 | +€23,686 | +95.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,853 | €44,538 | +€23,686 | +113.6% |
| Distributable reserves | 133 | €20,853 | €44,538 | +€23,686 | +113.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,550 | €9,364 | -€4,186 | -30.9% |
| Amounts payable within one year | 42/48 | €13,550 | €9,364 | -€4,186 | -30.9% |
| Trade debts | 44 | €5,535 | €592 | -€4,943 | -89.3% |
| Suppliers | 440/4 | €5,535 | €592 | -€4,943 | -89.3% |
| Taxes, remuneration and social security | 45 | €7,156 | €8,772 | +€1,616 | +22.6% |
| Taxes | 450/3 | €7,156 | €8,772 | +€1,616 | +22.6% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,462 | €7,435 | -€2,027 | -21.4% |
| Other operating charges | 640/8 | €180 | €293 | +€113 | +62.7% |
| Gross operating margin | 9900 | €12,063 | €36,532 | +€24,469 | +202.8% |
| Operating profit (loss) | 9901 | €2,420 | €28,803 | +€26,383 | +1090.1% |
| Financial income | 75/76B | €0 | €1,244 | +€1,244 | |
| Recurring financial income | 75 | €0 | €1,244 | +€1,244 | |
| Financial charges | 65/66B | €241 | €418 | +€177 | +73.5% |
| Recurring financial charges | 65 | €241 | €418 | +€177 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | €2,179 | €29,629 | +€27,450 | +1259.6% |
| Income taxes | 67/77 | €440 | €5,944 | +€5,504 | +1251.3% |
| Profit (loss) for the period | 9904 | €1,739 | €23,686 | +€21,946 | +1261.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,739 | €23,686 | +€21,946 | +1261.7% |
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 3 October 2026 via checked.be.