VGB SERVICES: 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.
VGB SERVICES
Largest movements
- Cash -€2,221
down €2,221 (-60.9%), from €3,649 to €1,428
mainly Other debts (-€2,305) and Net result for the year (-€929)
- Tangible fixed assets -€976
down €976 (-34.5%), from €2,826 to €1,850
- Receivables within one year +€896
up €896 (+13.1%), from €6,833 to €7,729
of which Trade receivables: +€2,517
- Other debts -€2,305
down €2,305 (-78.9%), from €2,924 to €618
- Tax, wage and social debts +€935
up €935 (+108%), from €863 to €1,797
- Reserves -€929
down €929 (-6.2%), from €15,021 to €14,091
- Other operating charges +€4,771
up €4,771 (+407%), from €1,172 to €5,943
- Gross operating margin -€378
down €378 (-4.0%), from €9,366 to €8,988
- Taxes +€232
up €232 (+8.6%), from €2,696 to €2,928
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,307 | €17,007 | -€2,300 | -11.9% |
| Fixed assets | 21/28 | €2,826 | €1,850 | -€976 | -34.5% |
| Tangible fixed assets | 22/27 | €2,826 | €1,850 | -€976 | -34.5% |
| Furniture and vehicles | 24 | €2,826 | €1,850 | -€976 | -34.5% |
| Current assets | 29/58 | €16,481 | €15,157 | -€1,325 | -8.0% |
| Amounts receivable after more than one year | 29 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,833 | €7,729 | +€896 | +13.1% |
| Trade receivables | 40 | €4,417 | €6,933 | +€2,517 | +57.0% |
| Other amounts receivable | 41 | €2,416 | €796 | -€1,620 | -67.1% |
| Cash at bank and in hand | 54/58 | €3,649 | €1,428 | -€2,221 | -60.9% |
| Total equity and liabilities | 10/49 | €19,307 | €17,007 | -€2,300 | -11.9% |
| Equity | 10/15 | €15,521 | €14,591 | -€929 | -6.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €15,021 | €14,091 | -€929 | -6.2% |
| Distributable reserves | 133 | €15,021 | €14,091 | -€929 | -6.2% |
| Amounts payable | 17/49 | €3,786 | €2,415 | -€1,371 | -36.2% |
| Amounts payable within one year | 42/48 | €3,786 | €2,415 | -€1,371 | -36.2% |
| Taxes, remuneration and social security | 45 | €863 | €1,797 | +€935 | +108% |
| Taxes | 450/3 | €863 | €1,797 | +€935 | +108% |
| Other amounts payable | 47/48 | €2,924 | €618 | -€2,305 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €976 | = | 0.0% |
| Other operating charges | 640/8 | €1,172 | €5,943 | +€4,771 | +407% |
| Gross operating margin | 9900 | €9,366 | €8,988 | -€378 | -4.0% |
| Operating profit (loss) | 9901 | €7,218 | €2,069 | -€5,149 | -71.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €67 | €71 | +€4 | +5.9% |
| Recurring financial charges | 65 | €67 | €71 | +€4 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €7,152 | €1,998 | -€5,154 | -72.1% |
| Income taxes | 67/77 | €2,696 | €2,928 | +€232 | +8.6% |
| Profit (loss) for the period | 9904 | €4,456 | -€929 | -€5,386 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,456 | -€929 | -€5,386 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.