VVOB: 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.
What changed
VVOB
NACE 94.995, Activities of membership organisations
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€460,804-€633,724
Equity
€2.7m
2024 · €3.8m-€1.1m
Cash
€16.1m
2024 · €21.4m-€5.2m
Balance sheet total
€22.1m
2024 · €26.0m-€3.9m
Largest movements
Assets
- Cash -€5.2m
down €5.2m (-24.4%), from €21.4m to €16.1m
mainly Debts within one year (-€2.8m) and Receivables within one year (-€1.3m)
- Receivables within one year +€1.3m
up €1.3m (+27.9%), from €4.5m to €5.8m
of which Other amounts receivable: +€1.3m
Equity and liabilities
- Debts within one year -€2.8m
down €2.8m (-13.0%), from €21.8m to €19.0m
- Profit (loss) carried forward -€1.3m
down €1.3m, from €298,408 to -€994,778
Income statement
- Services and other goods +€3.1m
up €3.1m (+23.2%), from €13.2m to €16.3m
- Financial charges +€1.1m
up €1.1m (+416%), from €253,147 to €1.3m
- Staff costs +€404,212
up €404,212 (+7.1%), from €5.7m to €6.1m
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.
Result 2024
-€460,804
Staff costs
-€404,212
Depreciation
+€13,161
Other operating charges
+€102
Other operating items
+€965,997
Financial income
-€156,608
Financial charges
-€1.1m
Result 2025
-€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€5.2m
Investment
-€9,290
Financing
€0
Cash 2024
€21.4m
From operations (derived)
-€5.2m
Net result for the year
-€1.1m
Depreciation
+€13,929
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€72,015
Provisions
+€31,955
Debts within one year
-€2.8m
Investment (derived)
-€9,290
Investment in fixed assets (net)
-€9,290
Cash 2025
€16.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,016,506 | €22,123,977 | -€3.9m | -15.0% |
| Fixed assets | 21/28 | €34,636 | €29,996 | -€4,639 | -13.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €23,302 | €13,632 | -€9,670 | -41.5% |
| Furniture and vehicles | 24 | €15,598 | €8,906 | -€6,692 | -42.9% |
| Other tangible fixed assets | 26 | €7,704 | €4,726 | -€2,978 | -38.7% |
| Financial fixed assets | 28 | €11,334 | €16,364 | +€5,031 | +44.4% |
| Other financial fixed assets | 284/8 | €11,334 | €16,364 | +€5,031 | +44.4% |
| Amounts receivable and cash guarantees | 285/8 | €11,334 | €16,364 | +€5,031 | +44.4% |
| Current assets | 29/58 | €25,981,870 | €22,093,981 | -€3.9m | -15.0% |
| Amounts receivable within one year | 40/41 | €4,544,695 | €5,811,168 | +€1.3m | +27.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,544,695 | €5,811,168 | +€1.3m | +27.9% |
| Cash at bank and in hand | 54/58 | €21,375,905 | €16,149,528 | -€5.2m | -24.4% |
| Deferred charges and accrued income | 490/1 | €61,270 | €133,284 | +€72,015 | +118% |
| Total equity and liabilities | 10/49 | €26,016,506 | €22,123,977 | -€3.9m | -15.0% |
| Equity | 10/15 | €3,828,973 | €2,734,445 | -€1.1m | -28.6% |
| Contributions | 10/11 | €1,479,851 | €1,479,851 | = | 0.0% |
| Capital | 10 | €1,479,851 | €1,479,851 | = | 0.0% |
| Reserves | 13 | €2,050,715 | €2,249,372 | +€198,657 | +9.7% |
| Profit (loss) carried forward | 14 | €298,408 | -€994,778 | -€1.3m | |
| Provisions and deferred taxes | 16 | €370,045 | €402,000 | +€31,955 | +8.6% |
| Provisions for liabilities and charges | 160/5 | €370,045 | €402,000 | +€31,955 | +8.6% |
| Other liabilities and charges | 164/5 | €370,045 | €402,000 | +€31,955 | +8.6% |
| Amounts payable | 17/49 | €21,817,488 | €18,987,532 | -€2.8m | -13.0% |
| Amounts payable within one year | 42/48 | €21,817,488 | €18,987,532 | -€2.8m | -13.0% |
| Trade debts | 44 | €617,014 | €1,163,321 | +€546,307 | +88.5% |
| Suppliers | 440/4 | €617,014 | €1,163,321 | +€546,307 | +88.5% |
| Taxes, remuneration and social security | 45 | €510,538 | €468,562 | -€41,976 | -8.2% |
| Taxes | 450/3 | €23,330 | €2,500 | -€20,830 | -89.3% |
| Remuneration and social security | 454/9 | €487,208 | €466,062 | -€21,146 | -4.3% |
| Operating income | 70/76A | €17,907,367 | €22,176,962 | +€4.3m | +23.8% |
| Membership fees, donations, legacies and grants | 73 | €17,785,177 | €22,036,190 | +€4.3m | +23.9% |
| Other operating income | 74 | €99,895 | €102,773 | +€2,878 | +2.9% |
| Non-recurring operating income | 76A | €22,294 | €37,999 | +€15,704 | +70.4% |
| Operating charges | 60/66A | €18,702,148 | €22,396,695 | +€3.7m | +19.8% |
| Services and other goods | 61 | €13,203,056 | €16,266,882 | +€3.1m | +23.2% |
| Remuneration, social security and pensions | 62 | €5,679,013 | €6,083,226 | +€404,212 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,091 | €13,929 | -€13,161 | -48.6% |
| Other operating charges | 640/8 | €805 | €703 | -€102 | -12.7% |
| Operating profit (loss) | 9901 | -€794,781 | -€219,732 | +€575,048 | +72.4% |
| Financial income | 75/76B | €587,123 | €430,515 | -€156,608 | -26.7% |
| Recurring financial income | 75 | €587,123 | €430,515 | -€156,608 | -26.7% |
| Income from current assets | 751 | €143,361 | €83,194 | -€60,167 | -42.0% |
| Other financial income | 752/9 | €443,762 | €347,321 | -€96,441 | -21.7% |
| Financial charges | 65/66B | €253,147 | €1,305,311 | +€1.1m | +416% |
| Recurring financial charges | 65 | €253,147 | €1,305,311 | +€1.1m | +416% |
| Other financial charges | 652/9 | €253,147 | €1,305,311 | +€1.1m | +416% |
| Profit (loss) for the period before taxes | 9903 | -€460,804 | -€1,094,528 | -€633,724 | -138% |
| Profit (loss) for the period | 9904 | -€460,804 | -€1,094,528 | -€633,724 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€460,804 | -€1,094,528 | -€633,724 | -138% |
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 14 October 2026 via checked.be.