VRIBO: 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.
VRIBO
Largest movements
- Tangible fixed assets -€121,926
down €121,926 (-10.5%), from €1.2m to €1.0m
of which Land and buildings: -€121,537
- Cash +€18,357
up €18,357 (+216.9%), from €8,465 to €26,822
mainly Short-term financial debts (+€130,007) and Investment in fixed assets (net) (+€86,455)
- Debts after one year -€167,407
down €167,407 (-51.8%), from €323,036 to €155,629
- Short-term financial debts +€130,007
up €130,007 (+30.2%), from €429,828 to €559,836
- Reserves -€25,734
down €25,734 (-12.9%), from €198,960 to €173,226
of which Distributable reserves: -€20,676
- Current portion of long-term debt -€23,942
down €23,942 (-50.7%), from €47,196 to €23,255
- Investment grants -€20,823
no longer reported in 2025 (was €20,823)
- Gross operating margin -€33,655
down €33,655 (-42.0%), from €80,164 to €46,509
- Financial income +€18,519
up €18,519 (+800.4%), from €2,314 to €20,832
- Taxes -€4,187
down €4,187 (-57.4%), from €7,295 to €3,108
- Depreciation -€3,829
down €3,829 (-9.7%), from €39,300 to €35,471
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 | €1,172,068 | €1,068,897 | -€103,171 | -8.8% |
| Fixed assets | 21/28 | €1,161,993 | €1,040,067 | -€121,926 | -10.5% |
| Tangible fixed assets | 22/27 | €1,155,952 | €1,034,026 | -€121,926 | -10.5% |
| Land and buildings | 22 | €1,154,880 | €1,033,342 | -€121,537 | -10.5% |
| Furniture and vehicles | 24 | €1,073 | €684 | -€389 | -36.2% |
| Financial fixed assets | 28 | €6,040 | €6,040 | = | 0.0% |
| Current assets | 29/58 | €10,076 | €28,831 | +€18,755 | +186.1% |
| Amounts receivable within one year | 40/41 | €916 | €1,393 | +€477 | +52.1% |
| Trade receivables | 40 | €276 | - | -€276 | |
| Other amounts receivable | 41 | €640 | €1,393 | +€753 | +117.6% |
| Cash at bank and in hand | 54/58 | €8,465 | €26,822 | +€18,357 | +216.9% |
| Deferred charges and accrued income | 490/1 | €695 | €616 | -€79 | -11.4% |
| Total equity and liabilities | 10/49 | €1,172,068 | €1,068,897 | -€103,171 | -8.8% |
| Equity | 10/15 | €319,783 | €273,226 | -€46,557 | -14.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €198,960 | €173,226 | -€25,734 | -12.9% |
| Non-distributable reserves | 130/1 | €26,870 | €26,870 | = | 0.0% |
| Legal reserve | 130 | €26,870 | €26,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,060 | €49,003 | -€5,058 | -9.4% |
| Distributable reserves | 133 | €118,030 | €97,354 | -€20,676 | -17.5% |
| Investment grants | 15 | €20,823 | - | -€20,823 | |
| Provisions and deferred taxes | 16 | €18,020 | €16,334 | -€1,686 | -9.4% |
| Deferred taxes | 168 | €18,020 | €16,334 | -€1,686 | -9.4% |
| Amounts payable | 17/49 | €834,265 | €779,337 | -€54,928 | -6.6% |
| Amounts payable after more than one year | 17 | €323,036 | €155,629 | -€167,407 | -51.8% |
| Financial debts | 170/4 | €323,036 | €155,629 | -€167,407 | -51.8% |
| Amounts payable within one year | 42/48 | €510,621 | €623,100 | +€112,479 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €47,196 | €23,255 | -€23,942 | -50.7% |
| Financial debts | 43 | €429,828 | €559,836 | +€130,007 | +30.2% |
| Other loans | 439 | €429,828 | €559,836 | +€130,007 | +30.2% |
| Trade debts | 44 | €100 | €6,751 | +€6,651 | +6651.2% |
| Suppliers | 440/4 | €100 | €6,751 | +€6,651 | +6651.2% |
| Taxes, remuneration and social security | 45 | €7,296 | €3,108 | -€4,188 | -57.4% |
| Taxes | 450/3 | €7,296 | €3,108 | -€4,188 | -57.4% |
| Other amounts payable | 47/48 | €26,200 | €30,150 | +€3,950 | +15.1% |
| Accrued charges and deferred income | 492/3 | €608 | €608 | = | 0.0% |
| Non-recurring operating income | 76A | - | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,300 | €35,471 | -€3,829 | -9.7% |
| Other operating charges | 640/8 | €14,378 | €14,738 | +€360 | +2.5% |
| Gross operating margin | 9900 | €80,164 | €46,509 | -€33,655 | -42.0% |
| Operating profit (loss) | 9901 | €26,485 | -€3,700 | -€30,186 | |
| Financial income | 75/76B | €2,314 | €20,832 | +€18,519 | +800.4% |
| Recurring financial income | 75 | €2,314 | €20,832 | +€18,519 | +800.4% |
| Financial charges | 65/66B | €14,076 | €14,744 | +€668 | +4.7% |
| Recurring financial charges | 65 | €14,076 | €14,744 | +€668 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €14,723 | €2,388 | -€12,335 | -83.8% |
| Transfer from deferred taxes | 780 | €1,686 | €1,686 | = | 0.0% |
| Income taxes | 67/77 | €7,295 | €3,108 | -€4,187 | -57.4% |
| Profit (loss) for the period | 9904 | €9,114 | €966 | -€8,148 | -89.4% |
| Transfer from tax-exempt reserves | 789 | €5,058 | €5,058 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,172 | €6,024 | -€8,148 | -57.5% |
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 8 October 2026 via checked.be.