VEBIT: 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.
VEBIT
Largest movements
- Cash +€31,488
up €31,488 (+85.4%), from €36,888 to €68,376
mainly Net result for the year (+€13,467) and Receivables within one year (+€11,766)
- Receivables within one year -€11,766
down €11,766 (-27.3%), from €43,127 to €31,361
of which Trade receivables: -€11,528
- Tangible fixed assets -€7,210
down €7,210 (-27.0%), from €26,682 to €19,472
of which Furniture and vehicles: -€8,254
- Reserves +€13,467
up €13,467 (+21.3%), from €63,344 to €76,810
- Tax, wage and social debts -€2,391
down €2,391 (-6.6%), from €36,035 to €33,645
of which Taxes: -€3,749
- Gross operating margin +€9,853
up €9,853 (+9.1%), from €108,715 to €118,568
- Staff costs +€2,927
up €2,927 (+3.4%), from €85,122 to €88,049
- Taxes +€2,049
up €2,049 (+47.0%), from €4,356 to €6,405
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 | €108,008 | €120,103 | +€12,095 | +11.2% |
| Fixed assets | 21/28 | €26,682 | €19,472 | -€7,210 | -27.0% |
| Tangible fixed assets | 22/27 | €26,682 | €19,472 | -€7,210 | -27.0% |
| Plant, machinery and equipment | 23 | €1,885 | €3,093 | +€1,207 | +64.0% |
| Furniture and vehicles | 24 | €24,287 | €16,033 | -€8,254 | -34.0% |
| Other tangible fixed assets | 26 | €510 | €347 | -€163 | -32.0% |
| Current assets | 29/58 | €81,327 | €100,631 | +€19,305 | +23.7% |
| Amounts receivable within one year | 40/41 | €43,127 | €31,361 | -€11,766 | -27.3% |
| Trade receivables | 40 | €42,889 | €31,361 | -€11,528 | -26.9% |
| Other amounts receivable | 41 | €238 | - | -€238 | |
| Cash at bank and in hand | 54/58 | €36,888 | €68,376 | +€31,488 | +85.4% |
| Deferred charges and accrued income | 490/1 | €1,312 | €895 | -€417 | -31.8% |
| Total equity and liabilities | 10/49 | €108,008 | €120,103 | +€12,095 | +11.2% |
| Equity | 10/15 | €71,544 | €85,010 | +€13,467 | +18.8% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €63,344 | €76,810 | +€13,467 | +21.3% |
| Distributable reserves | 133 | €63,344 | €76,810 | +€13,467 | +21.3% |
| Amounts payable | 17/49 | €36,465 | €35,093 | -€1,372 | -3.8% |
| Amounts payable within one year | 42/48 | €36,450 | €35,093 | -€1,357 | -3.7% |
| Trade debts | 44 | €324 | €1,357 | +€1,034 | +319.5% |
| Suppliers | 440/4 | €324 | €1,357 | +€1,034 | +319.5% |
| Taxes, remuneration and social security | 45 | €36,035 | €33,645 | -€2,391 | -6.6% |
| Taxes | 450/3 | €19,126 | €15,377 | -€3,749 | -19.6% |
| Remuneration and social security | 454/9 | €16,910 | €18,268 | +€1,358 | +8.0% |
| Other amounts payable | 47/48 | €91 | €91 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Remuneration, social security and pensions | 62 | €85,122 | €88,049 | +€2,927 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,509 | €10,107 | -€402 | -3.8% |
| Other operating charges | 640/8 | €548 | €383 | -€165 | -30.1% |
| Gross operating margin | 9900 | €108,715 | €118,568 | +€9,853 | +9.1% |
| Operating profit (loss) | 9901 | €12,536 | €20,029 | +€7,493 | +59.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €324 | €158 | -€166 | -51.3% |
| Recurring financial charges | 65 | €324 | €158 | -€166 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €12,213 | €19,872 | +€7,659 | +62.7% |
| Income taxes | 67/77 | €4,356 | €6,405 | +€2,049 | +47.0% |
| Profit (loss) for the period | 9904 | €7,857 | €13,467 | +€5,610 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,857 | €13,467 | +€5,610 | +71.4% |
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.