VVGB 2016: 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.
VVGB 2016
Largest movements
- Cash -€21,774
down €21,774 (-83.4%), from €26,102 to €4,328
mainly Trade debts (-€27,421) and Investment in fixed assets (net) (-€13,093)
- Receivables within one year -€16,052
down €16,052 (-83.5%), from €19,233 to €3,181
- Deferred charges and accrued income +€9,080
up €9,080 (+25.4%), from €35,816 to €44,896
- Tangible fixed assets +€7,602
new in 2025: €7,602
- Intangible fixed assets +€3,045
new in 2025: €3,045
- Trade debts -€27,421
down €27,421 (-32.8%), from €83,494 to €56,073
- Advances received +€7,707
new in 2025: €7,707
- Profit (loss) carried forward +€4,804
up €4,804 (+9.8%), from -€49,051 to -€44,247
- Accrued charges and deferred income -€1,619
down €1,619 (-40.9%), from €3,957 to €2,338
- Tax, wage and social debts -€1,570
down €1,570 (-6.4%), from €24,621 to €23,051
of which Remuneration and social security: -€9,549
- Staff costs -€48,797
down €48,797 (-37.2%), from €131,276 to €82,479
- Gross operating margin -€39,269
down €39,269 (-20.7%), from €190,076 to €150,807
- Other operating charges +€7,184
up €7,184 (+13.5%), from €53,316 to €60,500
- Depreciation +€2,446
new in 2025: €2,446
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 | €81,571 | €63,472 | -€18,099 | -22.2% |
| Fixed assets | 21/28 | €420 | €11,067 | +€10,647 | +2535.0% |
| Intangible fixed assets | 21 | - | €3,045 | +€3,045 | |
| Tangible fixed assets | 22/27 | - | €7,602 | +€7,602 | |
| Furniture and vehicles | 24 | - | €7,602 | +€7,602 | |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €81,151 | €52,405 | -€28,746 | -35.4% |
| Amounts receivable within one year | 40/41 | €19,233 | €3,181 | -€16,052 | -83.5% |
| Trade receivables | 40 | €19,233 | €3,181 | -€16,052 | -83.5% |
| Cash at bank and in hand | 54/58 | €26,102 | €4,328 | -€21,774 | -83.4% |
| Deferred charges and accrued income | 490/1 | €35,816 | €44,896 | +€9,080 | +25.4% |
| Total equity and liabilities | 10/49 | €81,571 | €63,472 | -€18,099 | -22.2% |
| Equity | 10/15 | -€30,501 | -€25,697 | +€4,804 | +15.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,051 | -€44,247 | +€4,804 | +9.8% |
| Amounts payable | 17/49 | €112,072 | €89,169 | -€22,903 | -20.4% |
| Amounts payable within one year | 42/48 | €108,115 | €86,831 | -€21,284 | -19.7% |
| Trade debts | 44 | €83,494 | €56,073 | -€27,421 | -32.8% |
| Suppliers | 440/4 | €83,494 | €56,073 | -€27,421 | -32.8% |
| Advances received on contracts in progress | 46 | - | €7,707 | +€7,707 | |
| Taxes, remuneration and social security | 45 | €24,621 | €23,051 | -€1,570 | -6.4% |
| Taxes | 450/3 | €6,419 | €14,398 | +€7,979 | +124.3% |
| Remuneration and social security | 454/9 | €18,202 | €8,653 | -€9,549 | -52.5% |
| Accrued charges and deferred income | 492/3 | €3,957 | €2,338 | -€1,619 | -40.9% |
| Remuneration, social security and pensions | 62 | €131,276 | €82,479 | -€48,797 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,446 | +€2,446 | |
| Other operating charges | 640/8 | €53,316 | €60,500 | +€7,184 | +13.5% |
| Gross operating margin | 9900 | €190,076 | €150,807 | -€39,269 | -20.7% |
| Operating profit (loss) | 9901 | €5,484 | €5,382 | -€102 | -1.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €748 | €580 | -€168 | -22.5% |
| Recurring financial charges | 65 | €748 | €580 | -€168 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €4,736 | €4,804 | +€68 | +1.4% |
| Profit (loss) for the period | 9904 | €4,736 | €4,804 | +€68 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,736 | €4,804 | +€68 | +1.4% |
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 12 October 2026 via checked.be.