VUBOCO: 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.
VUBOCO
Largest movements
- Receivables within one year -€248,407
down €248,407 (-93.8%), from €264,737 to €16,330
of which Other amounts receivable: -€240,490
- Current investments +€157,866
up €157,866 (+24.9%), from €634,000 to €791,866
- Cash -€33,978
down €33,978 (-95.8%), from €35,462 to €1,484
mainly Current investments (-€157,866) and Debts after one year (-€150,000)
- Debts after one year -€150,000
no longer reported in 2025 (was €150,000)
- Profit (loss) carried forward +€29,621
up €29,621 (+32.1%), from -€92,369 to -€62,748
- Financial income +€28,623
up €28,623 (+554.0%), from €5,167 to €33,790
- Purchases and services -€25,815
down €25,815 (-77.1%), from €33,487 to €7,672
- Financial charges -€7,199
down €7,199 (-95.3%), from €7,554 to €355
- Taxes +€6,100
new in 2025: €6,100
- Gross operating margin +€3,032
up €3,032 (+143.7%), from €2,109 to €5,141
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 | €1,099,481 | €973,428 | -€126,053 | -11.5% |
| Fixed assets | 21/28 | €165,282 | €163,587 | -€1,695 | -1.0% |
| Tangible fixed assets | 22/27 | €165,282 | €163,587 | -€1,695 | -1.0% |
| Land and buildings | 22 | €150,406 | €150,248 | -€158 | -0.1% |
| Furniture and vehicles | 24 | €14,876 | €13,339 | -€1,537 | -10.3% |
| Current assets | 29/58 | €934,199 | €809,841 | -€124,358 | -13.3% |
| Amounts receivable within one year | 40/41 | €264,737 | €16,330 | -€248,407 | -93.8% |
| Trade receivables | 40 | €7,917 | - | -€7,917 | |
| Other amounts receivable | 41 | €256,820 | €16,330 | -€240,490 | -93.6% |
| Current investments | 50/53 | €634,000 | €791,866 | +€157,866 | +24.9% |
| Cash at bank and in hand | 54/58 | €35,462 | €1,484 | -€33,978 | -95.8% |
| Deferred charges and accrued income | 490/1 | - | €161 | +€161 | |
| Total equity and liabilities | 10/49 | €1,099,481 | €973,428 | -€126,053 | -11.5% |
| Equity | 10/15 | €157,631 | €187,252 | +€29,621 | +18.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,369 | -€62,748 | +€29,621 | +32.1% |
| Amounts payable | 17/49 | €941,850 | €786,176 | -€155,674 | -16.5% |
| Amounts payable after more than one year | 17 | €150,000 | - | -€150,000 | |
| Financial debts | 170/4 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €776,850 | €769,526 | -€7,324 | -0.9% |
| Trade debts | 44 | €7,808 | €726 | -€7,082 | -90.7% |
| Suppliers | 440/4 | €7,808 | €726 | -€7,082 | -90.7% |
| Taxes, remuneration and social security | 45 | €242 | - | -€242 | |
| Taxes | 450/3 | €242 | - | -€242 | |
| Other amounts payable | 47/48 | €768,800 | €768,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,000 | €16,650 | +€1,650 | +11.0% |
| Non-recurring operating income | 76A | €21,578 | - | -€21,578 | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,487 | €7,672 | -€25,815 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €2,295 | +€1,042 | +83.1% |
| Other operating charges | 640/8 | €1,490 | €560 | -€930 | -62.4% |
| Gross operating margin | 9900 | €2,109 | €5,141 | +€3,032 | +143.7% |
| Operating profit (loss) | 9901 | -€634 | €2,286 | +€2,920 | |
| Financial income | 75/76B | €5,167 | €33,790 | +€28,623 | +554.0% |
| Recurring financial income | 75 | €5,167 | €33,790 | +€28,623 | +554.0% |
| Financial charges | 65/66B | €7,554 | €355 | -€7,199 | -95.3% |
| Recurring financial charges | 65 | €7,554 | €355 | -€7,199 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,021 | €35,721 | +€38,742 | |
| Income taxes | 67/77 | - | €6,100 | +€6,100 | |
| Profit (loss) for the period | 9904 | -€3,021 | €29,621 | +€32,642 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,021 | €29,621 | +€32,642 |
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 6 October 2026 via checked.be.