VBS SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€27,515
up €27,515 (+239.8%), from €11,475 to €38,989
of which Other amounts receivable: +€14,788
- Cash +€23,658
up €23,658 (+48.3%), from €48,947 to €72,606
mainly Net result for the year (+€54,748) and Tax, wage and social debts (+€7,345)
- Tangible fixed assets +€1,906
up €1,906 (+29.0%), from €6,571 to €8,477
of which Furniture and vehicles: +€2,817
- Deferred charges and accrued income +€1,642
up €1,642 (+7052.3%), from €23 to €1,665
- Profit (loss) carried forward +€54,748
up €54,748 (+152.1%), from €36,006 to €90,754
- Tax, wage and social debts +€7,345
up €7,345 (+45.0%), from €16,331 to €23,676
- Other debts -€4,323
no longer reported in 2025 (was €4,323)
- Trade debts -€3,049
down €3,049 (-56.9%), from €5,356 to €2,308
- Gross operating margin +€21,587
up €21,587 (+43.9%), from €49,161 to €70,748
- Taxes +€2,531
up €2,531 (+24.3%), from €10,400 to €12,931
- Depreciation +€1,045
up €1,045 (+54.2%), from €1,928 to €2,973
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 | €67,016 | €121,737 | +€54,721 | +81.7% |
| Fixed assets | 21/28 | €6,571 | €8,477 | +€1,906 | +29.0% |
| Tangible fixed assets | 22/27 | €6,571 | €8,477 | +€1,906 | +29.0% |
| Plant, machinery and equipment | 23 | €2,799 | €1,888 | -€910 | -32.5% |
| Furniture and vehicles | 24 | €3,772 | €6,589 | +€2,817 | +74.7% |
| Current assets | 29/58 | €60,445 | €113,260 | +€52,815 | +87.4% |
| Amounts receivable within one year | 40/41 | €11,475 | €38,989 | +€27,515 | +239.8% |
| Trade receivables | 40 | €11,475 | €24,201 | +€12,727 | +110.9% |
| Other amounts receivable | 41 | - | €14,788 | +€14,788 | |
| Cash at bank and in hand | 54/58 | €48,947 | €72,606 | +€23,658 | +48.3% |
| Deferred charges and accrued income | 490/1 | €23 | €1,665 | +€1,642 | +7052.3% |
| Total equity and liabilities | 10/49 | €67,016 | €121,737 | +€54,721 | +81.7% |
| Equity | 10/15 | €41,006 | €95,754 | +€54,748 | +133.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,006 | €90,754 | +€54,748 | +152.1% |
| Amounts payable | 17/49 | €26,010 | €25,984 | -€27 | -0.1% |
| Amounts payable within one year | 42/48 | €26,010 | €25,984 | -€27 | -0.1% |
| Trade debts | 44 | €5,356 | €2,308 | -€3,049 | -56.9% |
| Suppliers | 440/4 | €5,356 | €2,308 | -€3,049 | -56.9% |
| Taxes, remuneration and social security | 45 | €16,331 | €23,676 | +€7,345 | +45.0% |
| Taxes | 450/3 | €16,331 | €23,676 | +€7,345 | +45.0% |
| Other amounts payable | 47/48 | €4,323 | - | -€4,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €2,973 | +€1,045 | +54.2% |
| Other operating charges | 640/8 | €894 | €493 | -€400 | -44.8% |
| Gross operating margin | 9900 | €49,161 | €70,748 | +€21,587 | +43.9% |
| Operating profit (loss) | 9901 | €46,339 | €67,282 | +€20,943 | +45.2% |
| Financial income | 75/76B | €372 | €849 | +€477 | +128.3% |
| Recurring financial income | 75 | €372 | €849 | +€477 | +128.3% |
| Financial charges | 65/66B | €305 | €453 | +€148 | +48.4% |
| Recurring financial charges | 65 | €305 | €453 | +€148 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €46,406 | €67,679 | +€21,273 | +45.8% |
| Income taxes | 67/77 | €10,400 | €12,931 | +€2,531 | +24.3% |
| Profit (loss) for the period | 9904 | €36,006 | €54,748 | +€18,742 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,006 | €54,748 | +€18,742 | +52.1% |
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 6 October 2026 via checked.be.