VIBRAMAX: 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.
VIBRAMAX
Largest movements
- Tangible fixed assets +€235,386
new in 2025: €235,386
- Intangible fixed assets +€152,166
up €152,166 (+797%), from €19,098 to €171,264
- Cash +€54,649
up €54,649 (+563%), from €9,703 to €64,352
mainly Contributions, distributions and other (+€240,000) and Other debts (+€150,000)
- Receivables within one year +€5,965
up €5,965 (+9,286%), from €64 to €6,029
of which Trade receivables: +€5,438
- Contributions +€240,000
up €240,000 (+1,200%), from €20,000 to €260,000
- Other debts +€150,000
up €150,000 (+706%), from €21,250 to €171,250
- Debts after one year +€75,000
new in 2025: €75,000
- Profit (loss) carried forward -€22,518
down €22,518 (-180%), from -€12,525 to -€35,043
- Trade debts +€4,840
up €4,840 (+3,439%), from €141 to €4,981
- Depreciation +€9,082
up €9,082 (+307%), from €2,958 to €12,039
- Financial charges +€901
up €901 (+1,152%), from €78 to €980
- Gross operating margin -€355
down €355 (-4.1%), from -€8,695 to -€9,050
- Other operating charges -€345
down €345 (-43.4%), from €794 to €449
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 | €28,866 | €477,031 | +€448,165 | +1,553% |
| Fixed assets | 21/28 | €19,098 | €406,650 | +€387,552 | +2,029% |
| Intangible fixed assets | 21 | €19,098 | €171,264 | +€152,166 | +797% |
| Tangible fixed assets | 22/27 | - | €235,386 | +€235,386 | |
| Assets under construction and advance payments | 27 | - | €235,386 | +€235,386 | |
| Current assets | 29/58 | €9,768 | €70,381 | +€60,614 | +621% |
| Amounts receivable within one year | 40/41 | €64 | €6,029 | +€5,965 | +9,286% |
| Trade receivables | 40 | - | €5,438 | +€5,438 | |
| Other amounts receivable | 41 | €64 | €591 | +€527 | +820% |
| Cash at bank and in hand | 54/58 | €9,703 | €64,352 | +€54,649 | +563% |
| Total equity and liabilities | 10/49 | €28,866 | €477,031 | +€448,165 | +1,553% |
| Equity | 10/15 | €7,475 | €224,957 | +€217,482 | +2,909% |
| Contributions | 10/11 | €20,000 | €260,000 | +€240,000 | +1,200% |
| Profit (loss) carried forward | 14 | -€12,525 | -€35,043 | -€22,518 | -180% |
| Amounts payable | 17/49 | €21,391 | €252,075 | +€230,684 | +1,078% |
| Amounts payable after more than one year | 17 | - | €75,000 | +€75,000 | |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €21,391 | €176,231 | +€154,840 | +724% |
| Trade debts | 44 | €141 | €4,981 | +€4,840 | +3,439% |
| Suppliers | 440/4 | €141 | €4,981 | +€4,840 | +3,439% |
| Other amounts payable | 47/48 | €21,250 | €171,250 | +€150,000 | +706% |
| Accrued charges and deferred income | 492/3 | - | €844 | +€844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,958 | €12,039 | +€9,082 | +307% |
| Other operating charges | 640/8 | €794 | €449 | -€345 | -43.4% |
| Gross operating margin | 9900 | -€8,695 | -€9,050 | -€355 | -4.1% |
| Operating profit (loss) | 9901 | -€12,447 | -€21,539 | -€9,092 | -73.0% |
| Financial charges | 65/66B | €78 | €980 | +€901 | +1,152% |
| Recurring financial charges | 65 | €78 | €980 | +€901 | +1,152% |
| Profit (loss) for the period before taxes | 9903 | -€12,525 | -€22,518 | -€9,993 | -79.8% |
| Profit (loss) for the period | 9904 | -€12,525 | -€22,518 | -€9,993 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,525 | -€22,518 | -€9,993 | -79.8% |
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 18 October 2026 via checked.be.