VLB CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€12,296
down €12,296 (-12.5%), from €98,674 to €86,378
of which Furniture and vehicles: -€10,296
- Cash +€5,329
up €5,329 (+5.8%), from €92,603 to €97,932
mainly Depreciation (+€12,296) and Trade debts (+€1,365)
- Receivables within one year +€2,919
up €2,919 (+12.1%), from €24,191 to €27,110
of which Other amounts receivable: +€4,494
- Reserves -€5,635
down €5,635 (-12.4%), from €45,442 to €39,807
of which Distributable reserves: -€5,635
- Financial income -€8,816
no longer reported in 2024 (was €8,816)
of which Non-recurring financial income: -€8,800
- Gross operating margin -€7,276
down €7,276 (-42.5%), from €17,100 to €9,824
- Depreciation +€6,437
up €6,437 (+110%), from €5,859 to €12,296
- Taxes -€5,646
down €5,646 (-99.7%), from €5,661 to €14
- Other operating charges -€1,241
down €1,241 (-29.1%), from €4,263 to €3,023
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,467 | €213,041 | -€4,426 | -2.0% |
| Fixed assets | 21/28 | €98,674 | €86,378 | -€12,296 | -12.5% |
| Tangible fixed assets | 22/27 | €98,674 | €86,378 | -€12,296 | -12.5% |
| Land and buildings | 22 | €30,933 | €28,933 | -€2,000 | -6.5% |
| Furniture and vehicles | 24 | €47,841 | €37,545 | -€10,296 | -21.5% |
| Other tangible fixed assets | 26 | €19,900 | €19,900 | = | 0.0% |
| Current assets | 29/58 | €118,793 | €126,663 | +€7,870 | +6.6% |
| Amounts receivable within one year | 40/41 | €24,191 | €27,110 | +€2,919 | +12.1% |
| Trade receivables | 40 | €12,514 | €10,938 | -€1,575 | -12.6% |
| Other amounts receivable | 41 | €11,677 | €16,172 | +€4,494 | +38.5% |
| Cash at bank and in hand | 54/58 | €92,603 | €97,932 | +€5,329 | +5.8% |
| Deferred charges and accrued income | 490/1 | €1,999 | €1,621 | -€378 | -18.9% |
| Total equity and liabilities | 10/49 | €217,467 | €213,041 | -€4,426 | -2.0% |
| Equity | 10/15 | €215,442 | €209,807 | -€5,635 | -2.6% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €45,442 | €39,807 | -€5,635 | -12.4% |
| Non-distributable reserves | 130/1 | €6,579 | €6,579 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,579 | €6,579 | = | 0.0% |
| Distributable reserves | 133 | €38,864 | €33,228 | -€5,635 | -14.5% |
| Amounts payable | 17/49 | €2,025 | €3,234 | +€1,209 | +59.7% |
| Amounts payable within one year | 42/48 | €2,025 | €3,234 | +€1,209 | +59.7% |
| Trade debts | 44 | €715 | €2,080 | +€1,365 | +191% |
| Suppliers | 440/4 | €715 | €2,080 | +€1,365 | +191% |
| Taxes, remuneration and social security | 45 | €272 | €116 | -€156 | -57.4% |
| Taxes | 450/3 | €272 | €116 | -€156 | -57.4% |
| Other amounts payable | 47/48 | €1,038 | €1,038 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,859 | €12,296 | +€6,437 | +110% |
| Other operating charges | 640/8 | €4,263 | €3,023 | -€1,241 | -29.1% |
| Gross operating margin | 9900 | €17,100 | €9,824 | -€7,276 | -42.5% |
| Operating profit (loss) | 9901 | €6,978 | -€5,495 | -€12,472 | |
| Financial income | 75/76B | €8,816 | - | -€8,816 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Non-recurring financial income | 76B | €8,800 | - | -€8,800 | |
| Financial charges | 65/66B | €203 | €126 | -€77 | -37.8% |
| Recurring financial charges | 65 | €203 | €126 | -€77 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €15,590 | -€5,621 | -€21,211 | |
| Income taxes | 67/77 | €5,661 | €14 | -€5,646 | -99.7% |
| Profit (loss) for the period | 9904 | €9,929 | -€5,635 | -€15,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,929 | -€5,635 | -€15,565 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.