VIBEMA: 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.
VIBEMA
Largest movements
- Cash +€48,711
up €48,711 (+38.8%), from €125,632 to €174,343
mainly Net result for the year (+€37,582) and Receivables within one year (+€5,737)
- Receivables within one year -€5,737
down €5,737 (-32.0%), from €17,942 to €12,205
- Tangible fixed assets -€2,859
down €2,859 (-50.3%), from €5,683 to €2,824
- Reserves +€40,282
up €40,282 (+30.8%), from €130,946 to €171,228
of which Distributable reserves: +€40,282
- Financial income -€14,852
down €14,852 (-100.0%), from €14,852 to €0
- Gross operating margin +€5,148
up €5,148 (+9.6%), from €53,803 to €58,952
- Taxes +€3,885
up €3,885 (+27.9%), from €13,910 to €17,795
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 | €150,976 | €191,258 | +€40,282 | +26.7% |
| Fixed assets | 21/28 | €7,233 | €4,374 | -€2,859 | -39.5% |
| Tangible fixed assets | 22/27 | €5,683 | €2,824 | -€2,859 | -50.3% |
| Furniture and vehicles | 24 | €5,683 | €2,824 | -€2,859 | -50.3% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €143,742 | €186,884 | +€43,141 | +30.0% |
| Amounts receivable within one year | 40/41 | €17,942 | €12,205 | -€5,737 | -32.0% |
| Other amounts receivable | 41 | €17,942 | €12,205 | -€5,737 | -32.0% |
| Cash at bank and in hand | 54/58 | €125,632 | €174,343 | +€48,711 | +38.8% |
| Deferred charges and accrued income | 490/1 | €168 | €336 | +€168 | +99.7% |
| Total equity and liabilities | 10/49 | €150,976 | €191,258 | +€40,282 | +26.7% |
| Equity | 10/15 | €149,546 | €189,828 | +€40,282 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,946 | €171,228 | +€40,282 | +30.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,086 | €169,368 | +€40,282 | +31.2% |
| Amounts payable | 17/49 | €1,430 | €1,430 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,430 | €1,430 | = | 0.0% |
| Other amounts payable | 47/48 | €1,430 | €1,430 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,024 | €2,859 | -€165 | -5.5% |
| Other operating charges | 640/8 | €384 | €493 | +€109 | +28.3% |
| Gross operating margin | 9900 | €53,803 | €58,952 | +€5,148 | +9.6% |
| Operating profit (loss) | 9901 | €50,394 | €55,599 | +€5,205 | +10.3% |
| Financial income | 75/76B | €14,852 | €0 | -€14,852 | -100.0% |
| Recurring financial income | 75 | €14,852 | €0 | -€14,852 | -100.0% |
| Financial charges | 65/66B | €56 | €222 | +€166 | +295% |
| Recurring financial charges | 65 | €56 | €222 | +€166 | +295% |
| Profit (loss) for the period before taxes | 9903 | €65,190 | €55,377 | -€9,813 | -15.1% |
| Income taxes | 67/77 | €13,910 | €17,795 | +€3,885 | +27.9% |
| Profit (loss) for the period | 9904 | €51,280 | €37,582 | -€13,698 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,280 | €37,582 | -€13,698 | -26.7% |
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 13 October 2026 via checked.be.