VKB: 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.
VKB
Largest movements
- Cash +€90,743
up €90,743 (+128.3%), from €70,717 to €161,460
mainly Other debts (+€305,543) and Net result for the year (+€225,259)
- Current investments -€76,524
down €76,524 (-18.0%), from €426,000 to €349,476
- Receivables within one year -€6,896
down €6,896 (-58.7%), from €11,750 to €4,854
- Other debts +€305,543
up €305,543 (+178.8%), from €170,844 to €476,387
- Reserves -€293,507
down €293,507 (-100.0%), from €293,507 to €0
- Tax, wage and social debts -€5,702
down €5,702 (-20.7%), from €27,613 to €21,911
- Gross operating margin +€54,637
up €54,637 (+22.2%), from €246,117 to €300,754
- Taxes +€14,290
up €14,290 (+23.0%), from €62,173 to €76,463
- Depreciation -€9,930
down €9,930 (-90.9%), from €10,919 to €989
- Financial income -€8,688
down €8,688 (-66.4%), from €13,076 to €4,388
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 | €510,563 | €516,897 | +€6,334 | +1.2% |
| Fixed assets | 21/28 | €2,097 | €1,108 | -€989 | -47.2% |
| Tangible fixed assets | 22/27 | €2,097 | €1,108 | -€989 | -47.2% |
| Plant, machinery and equipment | 23 | €2,097 | €1,108 | -€989 | -47.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €508,467 | €515,790 | +€7,323 | +1.4% |
| Amounts receivable within one year | 40/41 | €11,750 | €4,854 | -€6,896 | -58.7% |
| Other amounts receivable | 41 | €11,750 | €4,854 | -€6,896 | -58.7% |
| Current investments | 50/53 | €426,000 | €349,476 | -€76,524 | -18.0% |
| Cash at bank and in hand | 54/58 | €70,717 | €161,460 | +€90,743 | +128.3% |
| Total equity and liabilities | 10/49 | €510,563 | €516,897 | +€6,334 | +1.2% |
| Equity | 10/15 | €312,107 | €18,600 | -€293,507 | -94.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,507 | €0 | -€293,507 | -100.0% |
| Distributable reserves | 133 | €293,507 | €0 | -€293,507 | -100.0% |
| Amounts payable | 17/49 | €198,457 | €498,297 | +€299,841 | +151.1% |
| Amounts payable within one year | 42/48 | €198,457 | €498,297 | +€299,841 | +151.1% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €27,613 | €21,911 | -€5,702 | -20.7% |
| Taxes | 450/3 | €27,613 | €21,911 | -€5,702 | -20.7% |
| Other amounts payable | 47/48 | €170,844 | €476,387 | +€305,543 | +178.8% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,919 | €989 | -€9,930 | -90.9% |
| Other operating charges | 640/8 | €1,158 | €1,186 | +€28 | +2.4% |
| Gross operating margin | 9900 | €246,117 | €300,754 | +€54,637 | +22.2% |
| Operating profit (loss) | 9901 | €234,040 | €298,579 | +€64,539 | +27.6% |
| Financial income | 75/76B | €13,076 | €4,388 | -€8,688 | -66.4% |
| Recurring financial income | 75 | €13,076 | €4,388 | -€8,688 | -66.4% |
| Financial charges | 65/66B | €858 | €1,246 | +€388 | +45.2% |
| Recurring financial charges | 65 | €858 | €1,246 | +€388 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €246,258 | €301,722 | +€55,464 | +22.5% |
| Income taxes | 67/77 | €62,173 | €76,463 | +€14,290 | +23.0% |
| Profit (loss) for the period | 9904 | €184,085 | €225,259 | +€41,174 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €184,085 | €225,259 | +€41,174 | +22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.