VLB-BOIS: 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.
VLB-BOIS
Largest movements
- Receivables within one year -€68,844
down €68,844 (-50.5%), from €136,355 to €67,510
of which Trade receivables: -€72,229
- Tangible fixed assets -€41,531
down €41,531 (-15.7%), from €264,813 to €223,282
of which Furniture and vehicles: -€52,375
- Cash +€16,924
up €16,924 (+110%), from €15,369 to €32,293
mainly Depreciation (+€113,036) and Receivables within one year (+€68,844)
- Intangible fixed assets -€5,030
down €5,030 (-100%), from €5,030 to €0
- Profit (loss) carried forward -€47,551
down €47,551, from €27,352 to -€20,199
- Trade debts -€38,199
down €38,199 (-41.1%), from €92,883 to €54,683
- Other debts -€13,619
down €13,619 (-48.1%), from €28,322 to €14,702
- Gross operating margin +€65,698
up €65,698 (+68.8%), from €95,424 to €161,121
- Turnover +€55,801
up €55,801 (+14.1%), from €396,775 to €452,575
- Staff costs +€25,597
up €25,597 (+46.9%), from €54,592 to €80,189
- Depreciation +€22,358
up €22,358 (+24.7%), from €90,678 to €113,036
- Purchases and services -€9,897
down €9,897 (-3.3%), from €301,351 to €291,454
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 | €422,036 | €323,086 | -€98,951 | -23.4% |
| Fixed assets | 21/28 | €269,843 | €223,282 | -€46,561 | -17.3% |
| Intangible fixed assets | 21 | €5,030 | €0 | -€5,030 | -100% |
| Tangible fixed assets | 22/27 | €264,813 | €223,282 | -€41,531 | -15.7% |
| Land and buildings | 22 | €134,932 | €112,612 | -€22,320 | -16.5% |
| Plant, machinery and equipment | 23 | €7,592 | €51,360 | +€43,768 | +577% |
| Furniture and vehicles | 24 | €110,610 | €58,235 | -€52,375 | -47.4% |
| Leasing and similar rights | 25 | €11,680 | €1,076 | -€10,604 | -90.8% |
| Current assets | 29/58 | €152,193 | €99,803 | -€52,389 | -34.4% |
| Amounts receivable within one year | 40/41 | €136,355 | €67,510 | -€68,844 | -50.5% |
| Trade receivables | 40 | €128,344 | €56,114 | -€72,229 | -56.3% |
| Other amounts receivable | 41 | €8,011 | €11,396 | +€3,385 | +42.3% |
| Cash at bank and in hand | 54/58 | €15,369 | €32,293 | +€16,924 | +110% |
| Deferred charges and accrued income | 490/1 | €470 | - | -€470 | |
| Total equity and liabilities | 10/49 | €422,036 | €323,086 | -€98,951 | -23.4% |
| Equity | 10/15 | €42,352 | -€5,199 | -€47,551 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,352 | -€20,199 | -€47,551 | |
| Amounts payable | 17/49 | €379,684 | €328,284 | -€51,400 | -13.5% |
| Amounts payable after more than one year | 17 | €204,534 | €202,526 | -€2,008 | -1.0% |
| Financial debts | 170/4 | €204,534 | €202,526 | -€2,008 | -1.0% |
| Amounts payable within one year | 42/48 | €175,150 | €125,758 | -€49,392 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €48,885 | €49,082 | +€198 | +0.4% |
| Trade debts | 44 | €92,883 | €54,683 | -€38,199 | -41.1% |
| Suppliers | 440/4 | €92,883 | €54,683 | -€38,199 | -41.1% |
| Taxes, remuneration and social security | 45 | €5,062 | €7,291 | +€2,229 | +44.0% |
| Taxes | 450/3 | - | €108 | +€108 | |
| Remuneration and social security | 454/9 | €5,062 | €7,183 | +€2,121 | +41.9% |
| Other amounts payable | 47/48 | €28,322 | €14,702 | -€13,619 | -48.1% |
| Turnover | 70 | €396,775 | €452,575 | +€55,801 | +14.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €301,351 | €291,454 | -€9,897 | -3.3% |
| Remuneration, social security and pensions | 62 | €54,592 | €80,189 | +€25,597 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,678 | €113,036 | +€22,358 | +24.7% |
| Other operating charges | 640/8 | €1,122 | €3,183 | +€2,062 | +184% |
| Gross operating margin | 9900 | €95,424 | €161,121 | +€65,698 | +68.8% |
| Operating profit (loss) | 9901 | -€50,968 | -€35,287 | +€15,681 | +30.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,661 | €12,264 | +€3,603 | +41.6% |
| Recurring financial charges | 65 | €8,661 | €12,264 | +€3,603 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€59,629 | -€47,551 | +€12,078 | +20.3% |
| Income taxes | 67/77 | €5,869 | - | -€5,869 | |
| Profit (loss) for the period | 9904 | -€65,498 | -€47,551 | +€17,947 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,498 | -€47,551 | +€17,947 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.