VIBALY: 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.
VIBALY
Largest movements
- Receivables within one year -€12,570
down €12,570 (-99.0%), from €12,694 to €124
of which Trade receivables: -€12,580
- Intangible fixed assets -€2,155
down €2,155 (-7.5%), from €28,899 to €26,744
- Trade debts -€13,021
down €13,021 (-94.7%), from €13,747 to €726
- Profit (loss) carried forward -€7,551
down €7,551 (-26.4%), from -€28,642 to -€36,193
- Other debts +€5,910
up €5,910 (+37.1%), from €15,939 to €21,848
- Gross operating margin +€2,010
up €2,010 (+79.9%), from -€2,515 to -€506
- Depreciation +€766
up €766 (+12.4%), from €6,158 to €6,924
- Other operating charges -€513
down €513 (-100.0%), from €513 to €0
- Financial charges +€30
up €30 (+33.3%), from €91 to €122
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 | €41,670 | €26,881 | -€14,789 | -35.5% |
| Fixed assets | 21/28 | €28,899 | €26,744 | -€2,155 | -7.5% |
| Intangible fixed assets | 21 | €28,899 | €26,744 | -€2,155 | -7.5% |
| Current assets | 29/58 | €12,771 | €138 | -€12,634 | -98.9% |
| Amounts receivable within one year | 40/41 | €12,694 | €124 | -€12,570 | -99.0% |
| Trade receivables | 40 | €12,580 | €0 | -€12,580 | -100.0% |
| Other amounts receivable | 41 | €114 | €124 | +€11 | +9.2% |
| Cash at bank and in hand | 54/58 | €78 | €13 | -€64 | -82.8% |
| Total equity and liabilities | 10/49 | €41,670 | €26,881 | -€14,789 | -35.5% |
| Equity | 10/15 | -€8,642 | -€16,193 | -€7,551 | -87.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,642 | -€36,193 | -€7,551 | -26.4% |
| Amounts payable | 17/49 | €50,312 | €43,075 | -€7,238 | -14.4% |
| Amounts payable after more than one year | 17 | €20,500 | €20,500 | = | 0.0% |
| Financial debts | 170/4 | €20,500 | €20,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,686 | €22,575 | -€7,112 | -24.0% |
| Trade debts | 44 | €13,747 | €726 | -€13,021 | -94.7% |
| Suppliers | 440/4 | €13,747 | €726 | -€13,021 | -94.7% |
| Other amounts payable | 47/48 | €15,939 | €21,848 | +€5,910 | +37.1% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,158 | €6,924 | +€766 | +12.4% |
| Other operating charges | 640/8 | €513 | €0 | -€513 | -100.0% |
| Gross operating margin | 9900 | -€2,515 | -€506 | +€2,010 | +79.9% |
| Operating profit (loss) | 9901 | -€9,187 | -€7,429 | +€1,757 | +19.1% |
| Financial charges | 65/66B | €91 | €122 | +€30 | +33.3% |
| Recurring financial charges | 65 | €91 | €122 | +€30 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,278 | -€7,551 | +€1,727 | +18.6% |
| Profit (loss) for the period | 9904 | -€9,278 | -€7,551 | +€1,727 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,278 | -€7,551 | +€1,727 | +18.6% |
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 11 October 2026 via checked.be.