VVLB: 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.
VVLB
Largest movements
- Stocks and contracts +€27,840
up €27,840 (+9.1%), from €306,880 to €334,720
- Cash +€16,425
up €16,425 (+350.5%), from €4,686 to €21,111
mainly Other debts (+€42,000) and Accrued charges and deferred income (+€22,494)
- Other debts +€42,000
up €42,000 (+13.4%), from €314,496 to €356,496
- Accrued charges and deferred income +€22,494
up €22,494 (+79.8%), from €28,195 to €50,690
- Profit (loss) carried forward -€20,235
down €20,235 (-39.5%), from -€51,247 to -€71,483
- Gross operating margin -€60,889
down €60,889 (-71.9%), from €84,654 to €23,765
- Other operating charges -€27,252
down €27,252 (-55.9%), from €48,758 to €21,506
- Financial charges +€10,999
up €10,999 (+95.7%), from €11,496 to €22,494
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 | €311,566 | €355,831 | +€44,265 | +14.2% |
| Current assets | 29/58 | €311,566 | €355,831 | +€44,265 | +14.2% |
| Stocks and contracts in progress | 3 | €306,880 | €334,720 | +€27,840 | +9.1% |
| Stocks | 30/36 | €306,880 | €334,720 | +€27,840 | +9.1% |
| Cash at bank and in hand | 54/58 | €4,686 | €21,111 | +€16,425 | +350.5% |
| Total equity and liabilities | 10/49 | €311,566 | €355,831 | +€44,265 | +14.2% |
| Equity | 10/15 | -€31,247 | -€51,483 | -€20,235 | -64.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,247 | -€71,483 | -€20,235 | -39.5% |
| Amounts payable | 17/49 | €342,813 | €407,314 | +€64,500 | +18.8% |
| Amounts payable within one year | 42/48 | €314,618 | €356,624 | +€42,006 | +13.4% |
| Trade debts | 44 | €122 | €128 | +€6 | +4.9% |
| Suppliers | 440/4 | €122 | €128 | +€6 | +4.9% |
| Other amounts payable | 47/48 | €314,496 | €356,496 | +€42,000 | +13.4% |
| Accrued charges and deferred income | 492/3 | €28,195 | €50,690 | +€22,494 | +79.8% |
| Other operating charges | 640/8 | €48,758 | €21,506 | -€27,252 | -55.9% |
| Gross operating margin | 9900 | €84,654 | €23,765 | -€60,889 | -71.9% |
| Operating profit (loss) | 9901 | €35,896 | €2,259 | -€33,637 | -93.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,496 | €22,494 | +€10,999 | +95.7% |
| Recurring financial charges | 65 | €11,496 | €22,494 | +€10,999 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €24,400 | -€20,235 | -€44,636 | |
| Profit (loss) for the period | 9904 | €24,400 | -€20,235 | -€44,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,400 | -€20,235 | -€44,636 |
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 10 October 2026 via checked.be.