VIBOL: what changed
Two fiscal 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.
VIBOL
Largest movements
- Stocks and contracts +€257,953
up €257,953 (+22.1%), from €1.2m to €1.4m
- Tangible fixed assets -€116,233
down €116,233 (-17.7%), from €655,160 to €538,928
of which Plant, machinery and equipment: -€118,307
- Cash -€76,004
down €76,004 (-12.3%), from €618,620 to €542,616
mainly Other debts (-€291,978) and Stocks and contracts (-€257,953)
- Trade debts +€335,455
up €335,455 (+110.0%), from €305,055 to €640,510
- Other debts -€291,978
down €291,978 (-60.2%), from €484,794 to €192,816
- Debts after one year -€103,042
down €103,042 (-37.0%), from €278,553 to €175,512
- Reserves +€100,000
up €100,000 (+4.7%), from €2.1m to €2.2m
of which Distributable reserves: +€100,000
- Staff costs +€226,903
up €226,903 (+22.9%), from €992,803 to €1.2m
- Gross operating margin -€56,342
down €56,342 (-3.0%), from €1.9m to €1.8m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,656,962 | €3,700,283 | +€43,322 | +1.2% |
| Fixed assets | 21/28 | €655,660 | €539,428 | -€116,233 | -17.7% |
| Tangible fixed assets | 22/27 | €655,160 | €538,928 | -€116,233 | -17.7% |
| Plant, machinery and equipment | 23 | €527,469 | €409,161 | -€118,307 | -22.4% |
| Furniture and vehicles | 24 | €127,691 | €129,766 | +€2,075 | +1.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,001,301 | €3,160,856 | +€159,554 | +5.3% |
| Stocks and contracts in progress | 3 | €1,167,102 | €1,425,056 | +€257,953 | +22.1% |
| Stocks | 30/36 | €1,167,102 | €1,425,056 | +€257,953 | +22.1% |
| Amounts receivable within one year | 40/41 | €1,172,569 | €1,160,326 | -€12,242 | -1.0% |
| Trade receivables | 40 | €1,172,074 | €1,160,054 | -€12,020 | -1.0% |
| Other amounts receivable | 41 | €495 | €273 | -€222 | -44.9% |
| Cash at bank and in hand | 54/58 | €618,620 | €542,616 | -€76,004 | -12.3% |
| Deferred charges and accrued income | 490/1 | €43,010 | €32,858 | -€10,153 | -23.6% |
| Total equity and liabilities | 10/49 | €3,656,962 | €3,700,283 | +€43,322 | +1.2% |
| Equity | 10/15 | €2,269,537 | €2,389,332 | +€119,795 | +5.3% |
| Contributions | 10/11 | €129,485 | €129,485 | = | 0.0% |
| Capital | 10 | €129,485 | €129,485 | = | 0.0% |
| Issued capital | 100 | €129,485 | €129,485 | = | 0.0% |
| Reserves | 13 | €2,138,062 | €2,238,062 | +€100,000 | +4.7% |
| Non-distributable reserves | 130/1 | €12,948 | €12,948 | = | 0.0% |
| Legal reserve | 130 | €12,948 | €12,948 | = | 0.0% |
| Tax-exempt reserves | 132 | €114 | €114 | = | 0.0% |
| Distributable reserves | 133 | €2,125,000 | €2,225,000 | +€100,000 | +4.7% |
| Profit (loss) carried forward | 14 | €1,990 | €21,785 | +€19,795 | +994.7% |
| Amounts payable | 17/49 | €1,387,425 | €1,310,952 | -€76,473 | -5.5% |
| Amounts payable after more than one year | 17 | €278,553 | €175,512 | -€103,042 | -37.0% |
| Financial debts | 170/4 | €278,553 | €175,512 | -€103,042 | -37.0% |
| Amounts payable within one year | 42/48 | €1,108,871 | €1,135,440 | +€26,568 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €123,019 | €132,145 | +€9,126 | +7.4% |
| Trade debts | 44 | €305,055 | €640,510 | +€335,455 | +110.0% |
| Suppliers | 440/4 | €305,055 | €640,510 | +€335,455 | +110.0% |
| Taxes, remuneration and social security | 45 | €196,003 | €169,969 | -€26,034 | -13.3% |
| Taxes | 450/3 | €83,335 | €37,820 | -€45,515 | -54.6% |
| Remuneration and social security | 454/9 | €112,668 | €132,149 | +€19,481 | +17.3% |
| Other amounts payable | 47/48 | €484,794 | €192,816 | -€291,978 | -60.2% |
| Remuneration, social security and pensions | 62 | €992,803 | €1,219,706 | +€226,903 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,477 | €213,272 | +€8,795 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €664 | - | -€664 | |
| Other operating charges | 640/8 | €3,343 | €4,018 | +€675 | +20.2% |
| Gross operating margin | 9900 | €1,867,355 | €1,811,013 | -€56,342 | -3.0% |
| Operating profit (loss) | 9901 | €666,068 | €374,017 | -€292,050 | -43.8% |
| Financial income | 75/76B | €26,043 | €23,383 | -€2,659 | -10.2% |
| Recurring financial income | 75 | €26,043 | €23,383 | -€2,659 | -10.2% |
| Financial charges | 65/66B | €33,226 | €29,657 | -€3,569 | -10.7% |
| Recurring financial charges | 65 | €33,226 | €29,657 | -€3,569 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €658,884 | €367,743 | -€291,141 | -44.2% |
| Income taxes | 67/77 | €65,019 | €55,132 | -€9,886 | -15.2% |
| Profit (loss) for the period | 9904 | €593,865 | €312,611 | -€281,254 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €593,865 | €312,611 | -€281,254 | -47.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.