VIBECON: 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.
VIBECON
Largest movements
- Cash +€18,025
up €18,025 (+53.7%), from €33,553 to €51,578
mainly Net result for the year (+€26,043) and Other debts (+€13,000)
- Current investments -€7,087
no longer reported in 2025 (was €7,087)
- Tangible fixed assets -€6,981
down €6,981 (-19.3%), from €36,242 to €29,261
of which Leasing and similar rights: -€9,945
- Deferred charges and accrued income +€1,054
up €1,054 (+108%), from €972 to €2,026
- Other debts +€13,000
up €13,000 (+108%), from €12,000 to €25,000
- Debts after one year -€9,698
down €9,698 (-34.8%), from €27,893 to €18,195
- Tax, wage and social debts -€2,678
down €2,678 (-16.7%), from €16,052 to €13,374
- Trade debts +€2,324
up €2,324 (+68.8%), from €3,377 to €5,701
- Reserves +€1,043
up €1,043 (+5.8%), from €18,032 to €19,075
- Gross operating margin -€13,252
down €13,252 (-22.2%), from €59,773 to €46,521
- Depreciation -€4,459
down €4,459 (-29.6%), from €15,077 to €10,617
- Taxes -€1,948
down €1,948 (-19.9%), from €9,800 to €7,852
- Financial charges -€1,405
down €1,405 (-47.9%), from €2,931 to €1,526
- Financial income +€1,165
new in 2025: €1,165
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.
Derived cash bridge
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 | €89,156 | €93,542 | +€4,386 | +4.9% |
| Fixed assets | 21/28 | €36,242 | €29,261 | -€6,981 | -19.3% |
| Tangible fixed assets | 22/27 | €36,242 | €29,261 | -€6,981 | -19.3% |
| Furniture and vehicles | 24 | €928 | €3,893 | +€2,965 | +319% |
| Leasing and similar rights | 25 | €35,313 | €25,368 | -€9,945 | -28.2% |
| Current assets | 29/58 | €52,915 | €64,282 | +€11,367 | +21.5% |
| Amounts receivable within one year | 40/41 | €11,302 | €10,678 | -€625 | -5.5% |
| Trade receivables | 40 | €11,234 | €9,082 | -€2,152 | -19.2% |
| Other amounts receivable | 41 | €68 | €1,595 | +€1,527 | +2,232% |
| Current investments | 50/53 | €7,087 | - | -€7,087 | |
| Cash at bank and in hand | 54/58 | €33,553 | €51,578 | +€18,025 | +53.7% |
| Deferred charges and accrued income | 490/1 | €972 | €2,026 | +€1,054 | +108% |
| Total equity and liabilities | 10/49 | €89,156 | €93,542 | +€4,386 | +4.9% |
| Equity | 10/15 | €20,532 | €21,575 | +€1,043 | +5.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,032 | €19,075 | +€1,043 | +5.8% |
| Distributable reserves | 133 | €18,032 | €19,075 | +€1,043 | +5.8% |
| Amounts payable | 17/49 | €68,625 | €71,968 | +€3,343 | +4.9% |
| Amounts payable after more than one year | 17 | €27,893 | €18,195 | -€9,698 | -34.8% |
| Financial debts | 170/4 | €27,893 | €18,195 | -€9,698 | -34.8% |
| Amounts payable within one year | 42/48 | €40,732 | €53,773 | +€13,041 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €9,302 | €9,698 | +€396 | +4.3% |
| Trade debts | 44 | €3,377 | €5,701 | +€2,324 | +68.8% |
| Suppliers | 440/4 | €3,377 | €5,701 | +€2,324 | +68.8% |
| Taxes, remuneration and social security | 45 | €16,052 | €13,374 | -€2,678 | -16.7% |
| Taxes | 450/3 | €16,052 | €13,374 | -€2,678 | -16.7% |
| Other amounts payable | 47/48 | €12,000 | €25,000 | +€13,000 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,077 | €10,617 | -€4,459 | -29.6% |
| Other operating charges | 640/8 | €1,934 | €1,647 | -€286 | -14.8% |
| Gross operating margin | 9900 | €59,773 | €46,521 | -€13,252 | -22.2% |
| Operating profit (loss) | 9901 | €42,763 | €34,256 | -€8,507 | -19.9% |
| Financial income | 75/76B | - | €1,165 | +€1,165 | |
| Recurring financial income | 75 | - | €1,165 | +€1,165 | |
| Financial charges | 65/66B | €2,931 | €1,526 | -€1,405 | -47.9% |
| Recurring financial charges | 65 | €2,931 | €1,526 | -€1,405 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €39,832 | €33,895 | -€5,937 | -14.9% |
| Income taxes | 67/77 | €9,800 | €7,852 | -€1,948 | -19.9% |
| Profit (loss) for the period | 9904 | €30,032 | €26,043 | -€3,989 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,032 | €26,043 | -€3,989 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.