VLIBRA: 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.
VLIBRA
Largest movements
- Tangible fixed assets -€47,132
down €47,132 (-45.2%), from €104,380 to €57,247
of which Leasing and similar rights: -€25,125
- Receivables within one year -€30,571
down €30,571 (-60.0%), from €50,993 to €20,421
of which Trade receivables: -€16,062
- Cash +€24,580
up €24,580 (+120%), from €20,418 to €44,997
mainly Receivables within one year (+€30,571) and Depreciation (+€26,760)
- Other debts -€40,950
down €40,950 (-48.2%), from €84,897 to €43,947
- Debts after one year -€30,095
down €30,095 (-100%), from €30,095 to €0
- Profit (loss) carried forward +€9,413
up €9,413 (+37.1%), from -€25,384 to -€15,971
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Trade debts -€5,205
down €5,205 (-66.4%), from €7,843 to €2,638
- Gross operating margin +€15,945
up €15,945 (+36.1%), from €44,170 to €60,115
- Financial charges +€4,494
up €4,494 (+181%), from €2,483 to €6,977
- Staff costs -€2,724
down €2,724 (-32.4%), from €8,412 to €5,688
- Financial income -€2,449
down €2,449 (-98.8%), from €2,480 to €31
- Other operating charges -€1,859
down €1,859 (-62.1%), from €2,994 to €1,136
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 | €191,122 | €138,092 | -€53,030 | -27.7% |
| Fixed assets | 21/28 | €105,935 | €58,803 | -€47,132 | -44.5% |
| Tangible fixed assets | 22/27 | €104,380 | €57,247 | -€47,132 | -45.2% |
| Land and buildings | 22 | €222 | €122 | -€100 | -44.9% |
| Plant, machinery and equipment | 23 | €49,583 | €32,967 | -€16,616 | -33.5% |
| Furniture and vehicles | 24 | €29,450 | €24,158 | -€5,292 | -18.0% |
| Leasing and similar rights | 25 | €25,125 | €0 | -€25,125 | -100% |
| Financial fixed assets | 28 | €1,555 | €1,555 | = | 0.0% |
| Current assets | 29/58 | €85,187 | €79,289 | -€5,898 | -6.9% |
| Stocks and contracts in progress | 3 | €13,777 | €13,871 | +€94 | +0.7% |
| Stocks | 30/36 | €13,777 | €13,871 | +€94 | +0.7% |
| Amounts receivable within one year | 40/41 | €50,993 | €20,421 | -€30,571 | -60.0% |
| Trade receivables | 40 | €36,130 | €20,069 | -€16,062 | -44.5% |
| Other amounts receivable | 41 | €14,862 | €353 | -€14,509 | -97.6% |
| Cash at bank and in hand | 54/58 | €20,418 | €44,997 | +€24,580 | +120% |
| Total equity and liabilities | 10/49 | €191,122 | €138,092 | -€53,030 | -27.7% |
| Equity | 10/15 | €60,158 | €69,571 | +€9,413 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,942 | €66,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €335 | €335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €335 | €335 | = | 0.0% |
| Distributable reserves | 133 | €66,607 | €66,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,384 | -€15,971 | +€9,413 | +37.1% |
| Amounts payable | 17/49 | €130,964 | €68,521 | -€62,443 | -47.7% |
| Amounts payable after more than one year | 17 | €30,095 | €0 | -€30,095 | -100% |
| Financial debts | 170/4 | €30,095 | €0 | -€30,095 | -100% |
| Amounts payable within one year | 42/48 | €100,868 | €59,521 | -€41,348 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €6,782 | €7,118 | +€336 | +4.9% |
| Trade debts | 44 | €7,843 | €2,638 | -€5,205 | -66.4% |
| Suppliers | 440/4 | €7,843 | €2,638 | -€5,205 | -66.4% |
| Taxes, remuneration and social security | 45 | €1,346 | €5,818 | +€4,472 | +332% |
| Taxes | 450/3 | €1,346 | €5,818 | +€4,472 | +332% |
| Other amounts payable | 47/48 | €84,897 | €43,947 | -€40,950 | -48.2% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €8,412 | €5,688 | -€2,724 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,602 | €26,760 | -€843 | -3.1% |
| Other operating charges | 640/8 | €2,994 | €1,136 | -€1,859 | -62.1% |
| Non-recurring operating charges | 66A | - | €7,524 | +€7,524 | |
| Gross operating margin | 9900 | €44,170 | €60,115 | +€15,945 | +36.1% |
| Operating profit (loss) | 9901 | €5,160 | €19,008 | +€13,847 | +268% |
| Financial income | 75/76B | €2,480 | €31 | -€2,449 | -98.8% |
| Recurring financial income | 75 | €2,480 | €31 | -€2,449 | -98.8% |
| Financial charges | 65/66B | €2,483 | €6,977 | +€4,494 | +181% |
| Recurring financial charges | 65 | €2,483 | €6,977 | +€4,494 | +181% |
| Profit (loss) for the period before taxes | 9903 | €5,158 | €12,062 | +€6,904 | +134% |
| Income taxes | 67/77 | €969 | €2,649 | +€1,680 | +173% |
| Profit (loss) for the period | 9904 | €4,189 | €9,413 | +€5,224 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €4,189 | €9,413 | +€5,224 | +125% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.