VCLB SERVICE: 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.
VCLB SERVICE
Largest movements
- Cash +€27,087
up €27,087 (+25.6%), from €105,879 to €132,966
mainly Depreciation (+€37,900) and Receivables within one year (+€17,153)
- Tangible fixed assets -€26,920
down €26,920 (-6.0%), from €447,608 to €420,688
of which Land and buildings: -€23,412
- Receivables within one year -€17,153
down €17,153 (-17.5%), from €98,160 to €81,007
of which Trade receivables: -€37,642
- Stocks and contracts +€12,386
up €12,386 (+52.8%), from €23,476 to €35,862
- Intangible fixed assets -€10,980
down €10,980 (-26.7%), from €41,065 to €30,085
- Reserves -€12,902
down €12,902 (-13.1%), from €98,564 to €85,663
- Trade debts +€9,456
up €9,456 (+20.6%), from €45,928 to €55,383
- Tax, wage and social debts -€8,979
down €8,979 (-65.8%), from €13,656 to €4,677
of which Taxes: -€8,522
- Gross operating margin -€42,909
down €42,909 (-39.9%), from €107,581 to €64,672
- Write-downs -€23,645
down €23,645, from €14,940 to -€8,705
- Other operating charges +€21,696
new in 2025: €21,696
- Provisions -€16,818
no longer reported in 2025 (was €16,818)
- Taxes -€3,436
down €3,436 (-94.8%), from €3,623 to €187
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.
Derived cash bridge
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 | €738,070 | €723,214 | -€14,855 | -2.0% |
| Fixed assets | 21/28 | €488,673 | €450,773 | -€37,900 | -7.8% |
| Intangible fixed assets | 21 | €41,065 | €30,085 | -€10,980 | -26.7% |
| Tangible fixed assets | 22/27 | €447,608 | €420,688 | -€26,920 | -6.0% |
| Land and buildings | 22 | €440,996 | €417,584 | -€23,412 | -5.3% |
| Plant, machinery and equipment | 23 | €6,314 | €2,965 | -€3,349 | -53.0% |
| Furniture and vehicles | 24 | €297 | €138 | -€159 | -53.5% |
| Current assets | 29/58 | €249,397 | €272,441 | +€23,045 | +9.2% |
| Stocks and contracts in progress | 3 | €23,476 | €35,862 | +€12,386 | +52.8% |
| Stocks | 30/36 | €23,476 | €35,862 | +€12,386 | +52.8% |
| Amounts receivable within one year | 40/41 | €98,160 | €81,007 | -€17,153 | -17.5% |
| Trade receivables | 40 | €96,317 | €58,675 | -€37,642 | -39.1% |
| Other amounts receivable | 41 | €1,843 | €22,332 | +€20,489 | +1,112% |
| Cash at bank and in hand | 54/58 | €105,879 | €132,966 | +€27,087 | +25.6% |
| Deferred charges and accrued income | 490/1 | €21,882 | €22,607 | +€725 | +3.3% |
| Total equity and liabilities | 10/49 | €738,070 | €723,214 | -€14,855 | -2.0% |
| Equity | 10/15 | €162,814 | €149,913 | -€12,902 | -7.9% |
| Contributions | 10/11 | €64,250 | €64,250 | = | 0.0% |
| Reserves | 13 | €98,564 | €85,663 | -€12,902 | -13.1% |
| Distributable reserves | 133 | €98,564 | €85,663 | -€12,902 | -13.1% |
| Amounts payable | 17/49 | €575,255 | €573,302 | -€1,954 | -0.3% |
| Amounts payable after more than one year | 17 | €495,132 | €496,304 | +€1,172 | +0.2% |
| Financial debts | 170/4 | €158,309 | €141,389 | -€16,920 | -10.7% |
| Other amounts payable | 178/9 | €336,823 | €354,915 | +€18,092 | +5.4% |
| Amounts payable within one year | 42/48 | €80,123 | €76,981 | -€3,143 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €20,540 | €16,920 | -€3,620 | -17.6% |
| Trade debts | 44 | €45,928 | €55,383 | +€9,456 | +20.6% |
| Suppliers | 440/4 | €45,928 | €55,383 | +€9,456 | +20.6% |
| Taxes, remuneration and social security | 45 | €13,656 | €4,677 | -€8,979 | -65.8% |
| Taxes | 450/3 | €12,370 | €3,849 | -€8,522 | -68.9% |
| Remuneration and social security | 454/9 | €1,286 | €829 | -€457 | -35.6% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €9,839 | €11,305 | +€1,467 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,996 | €37,900 | -€96 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,940 | -€8,705 | -€23,645 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,818 | - | -€16,818 | |
| Other operating charges | 640/8 | - | €21,696 | +€21,696 | |
| Non-recurring operating charges | 66A | €9,638 | €7,380 | -€2,258 | -23.4% |
| Gross operating margin | 9900 | €107,581 | €64,672 | -€42,909 | -39.9% |
| Operating profit (loss) | 9901 | €18,351 | -€4,905 | -€23,256 | |
| Financial income | 75/76B | €233 | €60 | -€174 | -74.3% |
| Recurring financial income | 75 | €233 | €60 | -€174 | -74.3% |
| Financial charges | 65/66B | €8,383 | €7,880 | -€503 | -6.0% |
| Recurring financial charges | 65 | €8,383 | €7,880 | -€503 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €10,202 | -€12,725 | -€22,927 | |
| Income taxes | 67/77 | €3,623 | €187 | -€3,436 | -94.8% |
| Profit (loss) for the period | 9904 | €6,579 | -€12,912 | -€19,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,579 | -€12,912 | -€19,491 |
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 13 October 2026 via checked.be.