VIBAN: 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.
VIBAN
Largest movements
- Cash -€90,756
down €90,756 (-37.9%), from €239,623 to €148,867
mainly Other debts (-€131,456) and Contributions, distributions and other (-€38,292)
- Tangible fixed assets -€39,408
down €39,408 (-6.6%), from €600,884 to €561,476
of which Land and buildings: -€28,338
- Receivables within one year +€25,244
up €25,244 (+65.5%), from €38,543 to €63,787
of which Trade receivables: +€30,519
- Other debts -€131,456
down €131,456 (-73.4%), from €178,973 to €47,518
- Reserves +€54,216
up €54,216 (+11.1%), from €489,444 to €543,661
of which Distributable reserves: +€54,216
- Debts after one year -€34,929
down €34,929 (-18.3%), from €190,605 to €155,676
- Write-downs +€7,286
no longer reported in 2025 (was -€7,286)
- Taxes -€3,076
down €3,076 (-6.6%), from €46,391 to €43,315
- Gross operating margin -€2,255
down €2,255 (-1.2%), from €191,359 to €189,104
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 | €923,350 | €813,576 | -€109,774 | -11.9% |
| Fixed assets | 21/28 | €600,884 | €561,476 | -€39,408 | -6.6% |
| Tangible fixed assets | 22/27 | €600,884 | €561,476 | -€39,408 | -6.6% |
| Land and buildings | 22 | €546,649 | €518,311 | -€28,338 | -5.2% |
| Plant, machinery and equipment | 23 | €4,890 | €4,542 | -€348 | -7.1% |
| Furniture and vehicles | 24 | €49,345 | €38,623 | -€10,722 | -21.7% |
| Current assets | 29/58 | €322,466 | €252,100 | -€70,366 | -21.8% |
| Stocks and contracts in progress | 3 | €13,331 | €8,433 | -€4,898 | -36.7% |
| Contracts in progress | 37 | €13,331 | €8,433 | -€4,898 | -36.7% |
| Amounts receivable within one year | 40/41 | €38,543 | €63,787 | +€25,244 | +65.5% |
| Trade receivables | 40 | €33,269 | €63,787 | +€30,519 | +91.7% |
| Other amounts receivable | 41 | €5,275 | - | -€5,275 | |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €239,623 | €148,867 | -€90,756 | -37.9% |
| Deferred charges and accrued income | 490/1 | €970 | €1,014 | +€44 | +4.6% |
| Total equity and liabilities | 10/49 | €923,350 | €813,576 | -€109,774 | -11.9% |
| Equity | 10/15 | €508,044 | €562,261 | +€54,216 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €489,444 | €543,661 | +€54,216 | +11.1% |
| Tax-exempt reserves | 132 | €24,150 | €24,150 | = | 0.0% |
| Distributable reserves | 133 | €465,294 | €519,511 | +€54,216 | +11.7% |
| Amounts payable | 17/49 | €415,306 | €251,316 | -€163,990 | -39.5% |
| Amounts payable after more than one year | 17 | €190,605 | €155,676 | -€34,929 | -18.3% |
| Financial debts | 170/4 | €190,605 | €155,676 | -€34,929 | -18.3% |
| Amounts payable within one year | 42/48 | €224,701 | €95,640 | -€129,062 | -57.4% |
| Current portion of amounts payable after more than one year | 42 | €33,868 | €34,929 | +€1,061 | +3.1% |
| Trade debts | 44 | €1,818 | €1,004 | -€815 | -44.8% |
| Suppliers | 440/4 | €1,818 | €1,004 | -€815 | -44.8% |
| Advances received on contracts in progress | 46 | €2,054 | €1,456 | -€598 | -29.1% |
| Taxes, remuneration and social security | 45 | €7,988 | €10,734 | +€2,746 | +34.4% |
| Taxes | 450/3 | €5,988 | €8,534 | +€2,546 | +42.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,200 | +€200 | +10.0% |
| Other amounts payable | 47/48 | €178,973 | €47,518 | -€131,456 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,588 | €44,139 | -€449 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,286 | - | +€7,286 | |
| Other operating charges | 640/8 | €6,309 | €6,743 | +€434 | +6.9% |
| Gross operating margin | 9900 | €191,359 | €189,104 | -€2,255 | -1.2% |
| Operating profit (loss) | 9901 | €147,748 | €138,222 | -€9,526 | -6.4% |
| Financial income | 75/76B | €5,309 | €4,628 | -€681 | -12.8% |
| Recurring financial income | 75 | €5,309 | €4,628 | -€681 | -12.8% |
| Financial charges | 65/66B | €7,921 | €7,026 | -€895 | -11.3% |
| Recurring financial charges | 65 | €7,921 | €7,026 | -€895 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €145,136 | €135,824 | -€9,313 | -6.4% |
| Income taxes | 67/77 | €46,391 | €43,315 | -€3,076 | -6.6% |
| Profit (loss) for the period | 9904 | €98,745 | €92,508 | -€6,237 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,745 | €92,508 | -€6,237 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.