VIBAM: 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.
VIBAM
Largest movements
- Receivables after one year -€18,119
down €18,119 (-60.4%), from €29,993 to €11,874
- Tangible fixed assets -€10,266
down €10,266 (-3.9%), from €263,164 to €252,899
of which Land and buildings: -€13,471
- Deferred charges and accrued income -€3,289
down €3,289 (-59.0%), from €5,577 to €2,289
- Trade debts -€47,301
down €47,301 (-71.2%), from €66,396 to €19,095
- Short-term financial debts +€20,694
up €20,694 (+452.8%), from €4,571 to €25,265
- Profit (loss) carried forward +€20,312
up €20,312 (+19.3%), from €105,090 to €125,402
- Debts after one year -€18,720
down €18,720 (-39.4%), from €47,518 to €28,798
- Other debts -€6,480
down €6,480 (-51.0%), from €12,714 to €6,234
- Gross operating margin +€59,594
up €59,594 (+178.4%), from €33,403 to €92,997
- Taxes +€6,825
up €6,825 (+3579.3%), from €191 to €7,016
- Other operating charges +€3,938
up €3,938 (+36.7%), from €10,731 to €14,668
- Financial charges +€1,750
up €1,750 (+38.1%), from €4,592 to €6,342
- Depreciation -€1,590
down €1,590 (-3.4%), from €46,876 to €45,286
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 | €300,554 | €271,134 | -€29,420 | -9.8% |
| Fixed assets | 21/28 | €263,164 | €252,899 | -€10,266 | -3.9% |
| Tangible fixed assets | 22/27 | €263,164 | €252,899 | -€10,266 | -3.9% |
| Land and buildings | 22 | €241,970 | €228,499 | -€13,471 | -5.6% |
| Plant, machinery and equipment | 23 | €7,517 | €4,991 | -€2,526 | -33.6% |
| Furniture and vehicles | 24 | €3,577 | €3,709 | +€132 | +3.7% |
| Leasing and similar rights | 25 | €10,101 | €15,700 | +€5,599 | +55.4% |
| Current assets | 29/58 | €37,390 | €18,235 | -€19,155 | -51.2% |
| Amounts receivable after more than one year | 29 | €29,993 | €11,874 | -€18,119 | -60.4% |
| Other amounts receivable | 291 | €29,993 | €11,874 | -€18,119 | -60.4% |
| Amounts receivable within one year | 40/41 | €1,815 | €3,763 | +€1,948 | +107.3% |
| Trade receivables | 40 | €1,815 | €3,763 | +€1,948 | +107.3% |
| Cash at bank and in hand | 54/58 | €5 | €310 | +€305 | +6027.7% |
| Deferred charges and accrued income | 490/1 | €5,577 | €2,289 | -€3,289 | -59.0% |
| Total equity and liabilities | 10/49 | €300,554 | €271,134 | -€29,420 | -9.8% |
| Equity | 10/15 | €132,764 | €153,076 | +€20,312 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,074 | €9,074 | = | 0.0% |
| Distributable reserves | 133 | €9,074 | €9,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,090 | €125,402 | +€20,312 | +19.3% |
| Amounts payable | 17/49 | €167,790 | €118,058 | -€49,732 | -29.6% |
| Amounts payable after more than one year | 17 | €47,518 | €28,798 | -€18,720 | -39.4% |
| Financial debts | 170/4 | €47,518 | €28,798 | -€18,720 | -39.4% |
| Amounts payable within one year | 42/48 | €110,730 | €77,513 | -€33,217 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €20,493 | €18,720 | -€1,774 | -8.7% |
| Financial debts | 43 | €4,571 | €25,265 | +€20,694 | +452.8% |
| Credit institutions | 430/8 | €4,571 | €25,265 | +€20,694 | +452.8% |
| Trade debts | 44 | €66,396 | €19,095 | -€47,301 | -71.2% |
| Suppliers | 440/4 | €66,396 | €19,095 | -€47,301 | -71.2% |
| Taxes, remuneration and social security | 45 | €6,556 | €8,200 | +€1,644 | +25.1% |
| Taxes | 450/3 | €6,556 | €8,200 | +€1,644 | +25.1% |
| Other amounts payable | 47/48 | €12,714 | €6,234 | -€6,480 | -51.0% |
| Accrued charges and deferred income | 492/3 | €9,543 | €11,748 | +€2,205 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,876 | €45,286 | -€1,590 | -3.4% |
| Other operating charges | 640/8 | €10,731 | €14,668 | +€3,938 | +36.7% |
| Gross operating margin | 9900 | €33,403 | €92,997 | +€59,594 | +178.4% |
| Operating profit (loss) | 9901 | -€24,204 | €33,043 | +€57,247 | |
| Financial income | 75/76B | €761 | €627 | -€134 | -17.7% |
| Recurring financial income | 75 | €761 | €627 | -€134 | -17.7% |
| Financial charges | 65/66B | €4,592 | €6,342 | +€1,750 | +38.1% |
| Recurring financial charges | 65 | €4,592 | €6,342 | +€1,750 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,035 | €27,328 | +€55,362 | |
| Income taxes | 67/77 | €191 | €7,016 | +€6,825 | +3579.3% |
| Profit (loss) for the period | 9904 | -€28,225 | €20,312 | +€48,537 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,225 | €20,312 | +€48,537 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.