VIBEFIN: 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.
VIBEFIN
Largest movements
- Receivables within one year -€14,402
down €14,402 (-38.4%), from €37,470 to €23,068
- Tangible fixed assets -€642
down €642 (-23.9%), from €2,683 to €2,041
- Cash -€612
down €612 (-3.0%), from €20,717 to €20,106
mainly Net result for the year (-€34,403) and Tax, wage and social debts (-€4,601)
- Profit (loss) carried forward -€34,403
down €34,403, from €0 to -€34,403
- Other debts +€26,283
up €26,283 (+180.6%), from €14,551 to €40,834
- Tax, wage and social debts -€4,601
down €4,601 (-61.6%), from €7,474 to €2,873
of which Taxes: -€2,374
- Trade debts -€1,567
down €1,567 (-26.6%), from €5,891 to €4,324
- Current portion of long-term debt -€1,369
no longer reported in 2025 (was €1,369)
- Gross operating margin -€30,245
down €30,245 (-71.7%), from €42,164 to €11,919
- Financial charges +€15,881
up €15,881 (+54.6%), from €29,086 to €44,967
- Taxes -€4,180
down €4,180 (-96.8%), from €4,319 to €139
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 | €60,955 | €45,299 | -€15,656 | -25.7% |
| Fixed assets | 21/28 | €2,768 | €2,126 | -€642 | -23.2% |
| Tangible fixed assets | 22/27 | €2,683 | €2,041 | -€642 | -23.9% |
| Furniture and vehicles | 24 | €2,683 | €2,041 | -€642 | -23.9% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €58,187 | €43,174 | -€15,014 | -25.8% |
| Amounts receivable within one year | 40/41 | €37,470 | €23,068 | -€14,402 | -38.4% |
| Trade receivables | 40 | €37,470 | €23,068 | -€14,402 | -38.4% |
| Cash at bank and in hand | 54/58 | €20,717 | €20,106 | -€612 | -3.0% |
| Total equity and liabilities | 10/49 | €60,955 | €45,299 | -€15,656 | -25.7% |
| Equity | 10/15 | €31,670 | -€2,732 | -€34,403 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,470 | €25,470 | = | 0.0% |
| Distributable reserves | 133 | €25,470 | €25,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€34,403 | -€34,403 | |
| Amounts payable | 17/49 | €29,285 | €48,032 | +€18,746 | +64.0% |
| Amounts payable within one year | 42/48 | €29,285 | €48,032 | +€18,746 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €1,369 | - | -€1,369 | |
| Trade debts | 44 | €5,891 | €4,324 | -€1,567 | -26.6% |
| Suppliers | 440/4 | €5,891 | €4,324 | -€1,567 | -26.6% |
| Taxes, remuneration and social security | 45 | €7,474 | €2,873 | -€4,601 | -61.6% |
| Taxes | 450/3 | €5,247 | €2,873 | -€2,374 | -45.2% |
| Remuneration and social security | 454/9 | €2,227 | - | -€2,227 | |
| Other amounts payable | 47/48 | €14,551 | €40,834 | +€26,283 | +180.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €642 | -€220 | -25.5% |
| Other operating charges | 640/8 | €670 | €682 | +€13 | +1.9% |
| Gross operating margin | 9900 | €42,164 | €11,919 | -€30,245 | -71.7% |
| Operating profit (loss) | 9901 | €40,631 | €10,594 | -€30,037 | -73.9% |
| Financial income | 75/76B | €119 | €109 | -€10 | -8.2% |
| Recurring financial income | 75 | €119 | €109 | -€10 | -8.2% |
| Financial charges | 65/66B | €29,086 | €44,967 | +€15,881 | +54.6% |
| Recurring financial charges | 65 | €29,086 | €44,967 | +€15,881 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €11,664 | -€34,264 | -€45,928 | |
| Income taxes | 67/77 | €4,319 | €139 | -€4,180 | -96.8% |
| Profit (loss) for the period | 9904 | €7,345 | -€34,403 | -€41,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,345 | -€34,403 | -€41,748 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.