VIBEX: 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.
VIBEX
Largest movements
- Receivables within one year +€646,678
up €646,678 (+59.0%), from €1.1m to €1.7m
of which Trade receivables: +€646,719
- Cash +€446,963
up €446,963 (+191.2%), from €233,805 to €680,768
mainly Trade debts (+€1.0m) and Depreciation (+€62,411)
- Tangible fixed assets -€62,411
down €62,411 (-14.8%), from €422,349 to €359,938
of which Land and buildings: -€59,711
- Trade debts +€1.0m
up €1.0m (+119.2%), from €876,920 to €1.9m
- Debts after one year -€66,833
down €66,833 (-14.8%), from €450,333 to €383,500
- Turnover +€2.4m
up €2.4m (+171.6%), from €1.4m to €3.7m
- Purchases and services +€2.3m
up €2.3m (+179.6%), from €1.3m to €3.6m
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 | €1,751,937 | €2,783,167 | +€1.0m | +58.9% |
| Fixed assets | 21/28 | €422,349 | €359,938 | -€62,411 | -14.8% |
| Tangible fixed assets | 22/27 | €422,349 | €359,938 | -€62,411 | -14.8% |
| Land and buildings | 22 | €416,949 | €357,238 | -€59,711 | -14.3% |
| Plant, machinery and equipment | 23 | €5,400 | €2,700 | -€2,700 | -50.0% |
| Current assets | 29/58 | €1,329,588 | €2,423,229 | +€1.1m | +82.3% |
| Amounts receivable within one year | 40/41 | €1,095,783 | €1,742,461 | +€646,678 | +59.0% |
| Trade receivables | 40 | €1,095,742 | €1,742,461 | +€646,719 | +59.0% |
| Other amounts receivable | 41 | €41 | - | -€41 | |
| Cash at bank and in hand | 54/58 | €233,805 | €680,768 | +€446,963 | +191.2% |
| Total equity and liabilities | 10/49 | €1,751,937 | €2,783,167 | +€1.0m | +58.9% |
| Equity | 10/15 | €150,296 | €169,607 | +€19,312 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,660 | €14,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,436 | €148,747 | +€19,312 | +14.9% |
| Amounts payable | 17/49 | €1,601,641 | €2,613,560 | +€1.0m | +63.2% |
| Amounts payable after more than one year | 17 | €450,333 | €383,500 | -€66,833 | -14.8% |
| Financial debts | 170/4 | €450,333 | €383,500 | -€66,833 | -14.8% |
| Amounts payable within one year | 42/48 | €1,151,308 | €2,230,060 | +€1.1m | +93.7% |
| Current portion of amounts payable after more than one year | 42 | €66,833 | €66,833 | = | 0.0% |
| Trade debts | 44 | €876,920 | €1,922,313 | +€1.0m | +119.2% |
| Suppliers | 440/4 | €876,920 | €1,922,313 | +€1.0m | +119.2% |
| Taxes, remuneration and social security | 45 | €3,321 | €29,068 | +€25,747 | +775.2% |
| Taxes | 450/3 | €3,321 | €29,068 | +€25,747 | +775.2% |
| Other amounts payable | 47/48 | €204,233 | €211,846 | +€7,613 | +3.7% |
| Turnover | 70 | €1,370,689 | €3,723,225 | +€2.4m | +171.6% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,300,486 | €3,636,053 | +€2.3m | +179.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,231 | €62,411 | -€821 | -1.3% |
| Other operating charges | 640/8 | €1,278 | €1,127 | -€151 | -11.8% |
| Gross operating margin | 9900 | €70,203 | €95,173 | +€24,970 | +35.6% |
| Operating profit (loss) | 9901 | €5,694 | €31,635 | +€25,941 | +455.5% |
| Financial charges | 65/66B | €7,388 | €6,451 | -€937 | -12.7% |
| Recurring financial charges | 65 | €7,388 | €6,451 | -€937 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,694 | €25,184 | +€26,878 | |
| Income taxes | 67/77 | €65 | €5,873 | +€5,808 | +8992.0% |
| Profit (loss) for the period | 9904 | -€1,758 | €19,312 | +€21,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,758 | €19,312 | +€21,070 |
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.