VDB SIMBA: 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.
VDB SIMBA
Largest movements
- Cash -€23,406
down €23,406 (-35.2%), from €66,563 to €43,157
mainly Debts after one year (-€19,764) and Other debts (-€18,187)
- Tangible fixed assets -€7,731
down €7,731 (-2.2%), from €350,795 to €343,064
of which Land and buildings: -€10,574
- Debts after one year -€19,764
down €19,764 (-12.9%), from €153,342 to €133,578
- Other debts -€18,187
down €18,187 (-11.7%), from €155,398 to €137,211
- Reserves +€9,000
up €9,000 (+15.2%), from €59,360 to €68,360
of which Distributable reserves: +€9,000
- Gross operating margin -€20,156
down €20,156 (-38.7%), from €52,105 to €31,949
- Staff costs +€2,827
new in 2025: €2,827
- Taxes -€2,095
down €2,095 (-69.8%), from €3,000 to €905
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 | €468,221 | €442,360 | -€25,860 | -5.5% |
| Fixed assets | 21/28 | €354,224 | €346,492 | -€7,731 | -2.2% |
| Tangible fixed assets | 22/27 | €350,795 | €343,064 | -€7,731 | -2.2% |
| Land and buildings | 22 | €349,860 | €339,286 | -€10,574 | -3.0% |
| Furniture and vehicles | 24 | €935 | €23 | -€912 | -97.6% |
| Other tangible fixed assets | 26 | - | €3,755 | +€3,755 | |
| Financial fixed assets | 28 | €3,428 | €3,428 | = | 0.0% |
| Current assets | 29/58 | €113,997 | €95,868 | -€18,129 | -15.9% |
| Amounts receivable within one year | 40/41 | €47,434 | €50,789 | +€3,355 | +7.1% |
| Trade receivables | 40 | €6,816 | €2,357 | -€4,460 | -65.4% |
| Other amounts receivable | 41 | €40,618 | €48,433 | +€7,814 | +19.2% |
| Cash at bank and in hand | 54/58 | €66,563 | €43,157 | -€23,406 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €1,922 | +€1,922 | |
| Total equity and liabilities | 10/49 | €468,221 | €442,360 | -€25,860 | -5.5% |
| Equity | 10/15 | €136,609 | €146,133 | +€9,525 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,360 | €68,360 | +€9,000 | +15.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,500 | €66,500 | +€9,000 | +15.7% |
| Profit (loss) carried forward | 14 | €64,849 | €65,373 | +€525 | +0.8% |
| Amounts payable | 17/49 | €331,612 | €296,227 | -€35,385 | -10.7% |
| Amounts payable after more than one year | 17 | €153,342 | €133,578 | -€19,764 | -12.9% |
| Financial debts | 170/4 | €153,342 | €133,578 | -€19,764 | -12.9% |
| Amounts payable within one year | 42/48 | €178,270 | €162,649 | -€15,621 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €19,270 | €19,764 | +€494 | +2.6% |
| Trade debts | 44 | €602 | €2,753 | +€2,151 | +357.0% |
| Suppliers | 440/4 | €602 | €2,753 | +€2,151 | +357.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €2,921 | -€79 | -2.6% |
| Taxes | 450/3 | €3,000 | €900 | -€2,100 | -70.0% |
| Remuneration and social security | 454/9 | - | €2,021 | +€2,021 | |
| Other amounts payable | 47/48 | €155,398 | €137,211 | -€18,187 | -11.7% |
| Remuneration, social security and pensions | 62 | - | €2,827 | +€2,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,487 | €11,598 | +€111 | +1.0% |
| Other operating charges | 640/8 | €3,146 | €3,661 | +€515 | +16.4% |
| Gross operating margin | 9900 | €52,105 | €31,949 | -€20,156 | -38.7% |
| Operating profit (loss) | 9901 | €37,473 | €13,864 | -€23,610 | -63.0% |
| Financial income | 75/76B | €782 | €898 | +€116 | +14.8% |
| Recurring financial income | 75 | €782 | €898 | +€116 | +14.8% |
| Financial charges | 65/66B | €4,796 | €4,332 | -€464 | -9.7% |
| Recurring financial charges | 65 | €4,796 | €4,332 | -€464 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €33,459 | €10,430 | -€23,030 | -68.8% |
| Income taxes | 67/77 | €3,000 | €905 | -€2,095 | -69.8% |
| Profit (loss) for the period | 9904 | €30,459 | €9,525 | -€20,934 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,459 | €9,525 | -€20,934 | -68.7% |
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 8 October 2026 via checked.be.