VIB Stables: 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.
VIB Stables
Largest movements
- Tangible fixed assets +€90,379
up €90,379 (+21.4%), from €421,758 to €512,137
of which Furniture and vehicles: +€101,394
- Receivables within one year +€42,934
up €42,934 (+426.8%), from €10,059 to €52,992
of which Other amounts receivable: +€48,347
- Cash +€11,161
up €11,161 (+11923.1%), from €94 to €11,255
mainly Net result for the year (+€118,005) and Depreciation (+€54,795)
- Stocks and contracts +€6,000
up €6,000 (+171.4%), from €3,500 to €9,500
- Reserves +€116,287
up €116,287 (+209.3%), from €55,556 to €171,843
of which Distributable reserves: +€118,142
- Current portion of long-term debt +€16,609
up €16,609 (+51.3%), from €32,388 to €48,997
- Advances received +€12,937
up €12,937, from €0 to €12,937
- Tax, wage and social debts +€12,171
up €12,171 (+99.8%), from €12,201 to €24,372
of which Taxes: +€14,171
- Debts after one year +€11,047
up €11,047 (+3.8%), from €287,362 to €298,409
- Gross operating margin +€151,529
up €151,529 (+191.2%), from €79,242 to €230,771
- Taxes +€33,352
up €33,352 (+464.3%), from €7,183 to €40,534
- Depreciation +€18,107
up €18,107 (+49.4%), from €36,688 to €54,795
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 | €437,480 | €587,077 | +€149,597 | +34.2% |
| Fixed assets | 21/28 | €421,758 | €512,137 | +€90,379 | +21.4% |
| Tangible fixed assets | 22/27 | €421,758 | €512,137 | +€90,379 | +21.4% |
| Land and buildings | 22 | €401,825 | €389,230 | -€12,594 | -3.1% |
| Plant, machinery and equipment | 23 | €16,302 | €17,882 | +€1,580 | +9.7% |
| Furniture and vehicles | 24 | €3,631 | €105,024 | +€101,394 | +2792.6% |
| Current assets | 29/58 | €15,722 | €74,940 | +€59,218 | +376.6% |
| Stocks and contracts in progress | 3 | €3,500 | €9,500 | +€6,000 | +171.4% |
| Stocks | 30/36 | €3,500 | €9,500 | +€6,000 | +171.4% |
| Amounts receivable within one year | 40/41 | €10,059 | €52,992 | +€42,934 | +426.8% |
| Trade receivables | 40 | €7,644 | €2,230 | -€5,414 | -70.8% |
| Other amounts receivable | 41 | €2,415 | €50,762 | +€48,347 | +2002.2% |
| Cash at bank and in hand | 54/58 | €94 | €11,255 | +€11,161 | +11923.1% |
| Deferred charges and accrued income | 490/1 | €2,070 | €1,193 | -€877 | -42.4% |
| Total equity and liabilities | 10/49 | €437,480 | €587,077 | +€149,597 | +34.2% |
| Equity | 10/15 | €74,106 | €190,393 | +€116,287 | +156.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €55,556 | €171,843 | +€116,287 | +209.3% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | €53,701 | €171,843 | +€118,142 | +220.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €363,374 | €396,684 | +€33,310 | +9.2% |
| Amounts payable after more than one year | 17 | €287,362 | €298,409 | +€11,047 | +3.8% |
| Financial debts | 170/4 | €287,362 | €298,409 | +€11,047 | +3.8% |
| Amounts payable within one year | 42/48 | €66,842 | €98,275 | +€31,433 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €32,388 | €48,997 | +€16,609 | +51.3% |
| Trade debts | 44 | €19,061 | €9,915 | -€9,146 | -48.0% |
| Suppliers | 440/4 | €19,061 | €9,915 | -€9,146 | -48.0% |
| Advances received on contracts in progress | 46 | €0 | €12,937 | +€12,937 | |
| Taxes, remuneration and social security | 45 | €12,201 | €24,372 | +€12,171 | +99.8% |
| Taxes | 450/3 | €10,201 | €24,372 | +€14,171 | +138.9% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €3,192 | €2,055 | -€1,137 | -35.6% |
| Accrued charges and deferred income | 492/3 | €9,170 | €0 | -€9,170 | -100.0% |
| Non-recurring operating income | 76A | €1,900 | €0 | -€1,900 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,688 | €54,795 | +€18,107 | +49.4% |
| Other operating charges | 640/8 | €10,330 | €9,704 | -€627 | -6.1% |
| Non-recurring operating charges | 66A | €1,576 | €0 | -€1,576 | -100.0% |
| Gross operating margin | 9900 | €79,242 | €230,771 | +€151,529 | +191.2% |
| Operating profit (loss) | 9901 | €30,648 | €166,272 | +€135,624 | +442.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,577 | €7,733 | +€1,156 | +17.6% |
| Recurring financial charges | 65 | €6,577 | €7,733 | +€1,156 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €24,071 | €158,539 | +€134,468 | +558.6% |
| Income taxes | 67/77 | €7,183 | €40,534 | +€33,352 | +464.3% |
| Profit (loss) for the period | 9904 | €16,888 | €118,005 | +€101,116 | +598.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,888 | €118,005 | +€101,116 | +598.7% |
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 9 October 2026 via checked.be.