VFB ET CO: 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.
VFB ET CO
Largest movements
- Receivables within one year -€41,622
down €41,622 (-60.2%), from €69,186 to €27,563
of which Trade receivables: -€46,897
- Cash +€36,071
up €36,071 (+761.8%), from €4,735 to €40,806
mainly Receivables within one year (+€41,622) and Investment in fixed assets (net) (+€18,371)
- Tangible fixed assets -€22,423
down €22,423 (-55.6%), from €40,362 to €17,938
of which Furniture and vehicles: -€20,765
- Tax, wage and social debts -€23,702
down €23,702 (-71.6%), from €33,083 to €9,381
- Profit (loss) carried forward -€4,663
down €4,663 (-24.4%), from €19,126 to €14,463
- Trade debts +€1,284
up €1,284 (+7.1%), from €18,123 to €19,407
- Depreciation -€10,996
down €10,996 (-73.1%), from €15,048 to €4,052
- Gross operating margin -€9,945
down €9,945 (-54.4%), from €18,279 to €8,334
- Other operating charges +€1,371
up €1,371 (+61.4%), from €2,233 to €3,604
- Taxes +€705
up €705 (+20.7%), from €3,399 to €4,104
- Financial charges -€310
down €310 (-65.5%), from €473 to €163
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 | €114,282 | €86,307 | -€27,975 | -24.5% |
| Fixed assets | 21/28 | €40,362 | €17,938 | -€22,423 | -55.6% |
| Tangible fixed assets | 22/27 | €40,362 | €17,938 | -€22,423 | -55.6% |
| Plant, machinery and equipment | 23 | €2,555 | €1,902 | -€653 | -25.6% |
| Furniture and vehicles | 24 | €31,487 | €10,722 | -€20,765 | -65.9% |
| Other tangible fixed assets | 26 | €6,319 | €5,314 | -€1,005 | -15.9% |
| Current assets | 29/58 | €73,921 | €68,369 | -€5,551 | -7.5% |
| Amounts receivable within one year | 40/41 | €69,186 | €27,563 | -€41,622 | -60.2% |
| Trade receivables | 40 | €64,584 | €17,688 | -€46,897 | -72.6% |
| Other amounts receivable | 41 | €4,601 | €9,875 | +€5,274 | +114.6% |
| Cash at bank and in hand | 54/58 | €4,735 | €40,806 | +€36,071 | +761.8% |
| Total equity and liabilities | 10/49 | €114,282 | €86,307 | -€27,975 | -24.5% |
| Equity | 10/15 | €62,183 | €57,519 | -€4,663 | -7.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €36,859 | €36,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,126 | €14,463 | -€4,663 | -24.4% |
| Amounts payable | 17/49 | €52,100 | €28,788 | -€23,312 | -44.7% |
| Amounts payable within one year | 42/48 | €52,100 | €28,788 | -€23,312 | -44.7% |
| Trade debts | 44 | €18,123 | €19,407 | +€1,284 | +7.1% |
| Suppliers | 440/4 | €18,123 | €19,407 | +€1,284 | +7.1% |
| Taxes, remuneration and social security | 45 | €33,083 | €9,381 | -€23,702 | -71.6% |
| Taxes | 450/3 | €33,083 | €9,381 | -€23,702 | -71.6% |
| Other amounts payable | 47/48 | €893 | - | -€893 | |
| Non-recurring operating income | 76A | €431 | €41 | -€391 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,048 | €4,052 | -€10,996 | -73.1% |
| Other operating charges | 640/8 | €2,233 | €3,604 | +€1,371 | +61.4% |
| Non-recurring operating charges | 66A | - | €1,310 | +€1,310 | |
| Gross operating margin | 9900 | €18,279 | €8,334 | -€9,945 | -54.4% |
| Operating profit (loss) | 9901 | €998 | -€631 | -€1,629 | |
| Financial income | 75/76B | - | €235 | +€235 | |
| Recurring financial income | 75 | - | €235 | +€235 | |
| Financial charges | 65/66B | €473 | €163 | -€310 | -65.5% |
| Recurring financial charges | 65 | €473 | €163 | -€310 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €525 | -€559 | -€1,084 | |
| Income taxes | 67/77 | €3,399 | €4,104 | +€705 | +20.7% |
| Profit (loss) for the period | 9904 | -€2,874 | -€4,663 | -€1,790 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,874 | -€4,663 | -€1,790 | -62.3% |
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 12 October 2026 via checked.be.