VG-B: 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.
VG-B
Largest movements
- Tangible fixed assets -€5,975
down €5,975 (-31.3%), from €19,111 to €13,137
of which Furniture and vehicles: -€8,214
- Receivables within one year -€1,581
down €1,581 (-64.6%), from €2,448 to €867
of which Trade receivables: -€1,628
- Cash +€1,169
up €1,169 (+9.2%), from €12,743 to €13,911
mainly Depreciation (+€8,371) and Net result for the year (+€2,882)
- Debts after one year -€4,081
down €4,081 (-40.0%), from €10,199 to €6,118
- Tax, wage and social debts -€3,908
down €3,908 (-60.7%), from €6,434 to €2,526
- Reserves +€1,216
up €1,216 (+11.2%), from €10,896 to €12,112
- Gross operating margin +€3,473
up €3,473 (+31.6%), from €10,984 to €14,457
- Depreciation +€3,083
up €3,083 (+58.3%), from €5,288 to €8,371
- Other operating charges +€1,131
up €1,131 (+218.9%), from €517 to €1,647
- Taxes -€332
down €332 (-28.5%), from €1,167 to €835
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 | €34,429 | €28,041 | -€6,387 | -18.6% |
| Fixed assets | 21/28 | €19,111 | €13,137 | -€5,975 | -31.3% |
| Tangible fixed assets | 22/27 | €19,111 | €13,137 | -€5,975 | -31.3% |
| Plant, machinery and equipment | 23 | - | €2,240 | +€2,240 | |
| Furniture and vehicles | 24 | €19,111 | €10,897 | -€8,214 | -43.0% |
| Current assets | 29/58 | €15,317 | €14,905 | -€413 | -2.7% |
| Amounts receivable within one year | 40/41 | €2,448 | €867 | -€1,581 | -64.6% |
| Trade receivables | 40 | €2,448 | €820 | -€1,628 | -66.5% |
| Other amounts receivable | 41 | - | €47 | +€47 | |
| Cash at bank and in hand | 54/58 | €12,743 | €13,911 | +€1,169 | +9.2% |
| Deferred charges and accrued income | 490/1 | €127 | €127 | = | 0.0% |
| Total equity and liabilities | 10/49 | €34,429 | €28,041 | -€6,387 | -18.6% |
| Equity | 10/15 | €12,396 | €13,612 | +€1,216 | +9.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €10,896 | €12,112 | +€1,216 | +11.2% |
| Distributable reserves | 133 | €10,896 | €12,112 | +€1,216 | +11.2% |
| Amounts payable | 17/49 | €22,033 | €14,429 | -€7,604 | -34.5% |
| Amounts payable after more than one year | 17 | €10,199 | €6,118 | -€4,081 | -40.0% |
| Financial debts | 170/4 | €10,199 | €6,118 | -€4,081 | -40.0% |
| Amounts payable within one year | 42/48 | €11,834 | €8,311 | -€3,523 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €3,894 | €4,081 | +€187 | +4.8% |
| Trade debts | 44 | €386 | €538 | +€152 | +39.3% |
| Suppliers | 440/4 | €386 | €538 | +€152 | +39.3% |
| Taxes, remuneration and social security | 45 | €6,434 | €2,526 | -€3,908 | -60.7% |
| Taxes | 450/3 | €6,434 | €2,526 | -€3,908 | -60.7% |
| Other amounts payable | 47/48 | €1,120 | €1,166 | +€46 | +4.1% |
| Non-recurring operating income | 76A | €4,112 | - | -€4,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,288 | €8,371 | +€3,083 | +58.3% |
| Other operating charges | 640/8 | €517 | €1,647 | +€1,131 | +218.9% |
| Gross operating margin | 9900 | €10,984 | €14,457 | +€3,473 | +31.6% |
| Operating profit (loss) | 9901 | €5,180 | €4,439 | -€741 | -14.3% |
| Financial charges | 65/66B | €662 | €721 | +€59 | +9.0% |
| Recurring financial charges | 65 | €662 | €721 | +€59 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €4,518 | €3,718 | -€800 | -17.7% |
| Income taxes | 67/77 | €1,167 | €835 | -€332 | -28.5% |
| Profit (loss) for the period | 9904 | €3,351 | €2,882 | -€468 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,351 | €2,882 | -€468 | -14.0% |
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 10 October 2026 via checked.be.