Vweb: 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.
Vweb
Largest movements
- Cash +€82,292
up €82,292 (+98.3%), from €83,737 to €166,028
mainly Net result for the year (+€50,608) and Depreciation (+€31,456)
- Tangible fixed assets -€26,434
down €26,434 (-9.1%), from €290,795 to €264,361
- Receivables within one year -€15,116
down €15,116 (-55.4%), from €27,274 to €12,158
of which Trade receivables: -€10,539
- Reserves +€50,608
up €50,608 (+17.9%), from €283,457 to €334,065
of which Distributable reserves: +€50,608
- Trade debts -€8,203
down €8,203 (-36.0%), from €22,778 to €14,575
- Gross operating margin +€43,183
up €43,183 (+44.6%), from €96,780 to €139,964
- Staff costs -€15,052
down €15,052 (-36.6%), from €41,095 to €26,043
- Taxes +€14,670
up €14,670 (+136%), from €10,789 to €25,459
- Financial charges +€3,502
up €3,502 (+131%), from €2,681 to €6,183
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,056 | €442,797 | +€40,742 | +10.1% |
| Fixed assets | 21/28 | €291,045 | €264,611 | -€26,434 | -9.1% |
| Tangible fixed assets | 22/27 | €290,795 | €264,361 | -€26,434 | -9.1% |
| Land and buildings | 22 | €266,628 | €254,819 | -€11,808 | -4.4% |
| Plant, machinery and equipment | 23 | €4,952 | €4,328 | -€624 | -12.6% |
| Furniture and vehicles | 24 | €13,522 | €3,775 | -€9,748 | -72.1% |
| Leasing and similar rights | 25 | €499 | €0 | -€499 | -100% |
| Other tangible fixed assets | 26 | €5,195 | €1,439 | -€3,756 | -72.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €111,010 | €178,186 | +€67,176 | +60.5% |
| Amounts receivable within one year | 40/41 | €27,274 | €12,158 | -€15,116 | -55.4% |
| Trade receivables | 40 | €11,680 | €1,142 | -€10,539 | -90.2% |
| Other amounts receivable | 41 | €15,593 | €11,016 | -€4,577 | -29.4% |
| Cash at bank and in hand | 54/58 | €83,737 | €166,028 | +€82,292 | +98.3% |
| Total equity and liabilities | 10/49 | €402,056 | €442,797 | +€40,742 | +10.1% |
| Equity | 10/15 | €279,816 | €331,448 | +€51,632 | +18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €283,457 | €334,065 | +€50,608 | +17.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €281,457 | €332,065 | +€50,608 | +18.0% |
| Profit (loss) carried forward | 14 | -€23,640 | -€22,616 | +€1,024 | +4.3% |
| Amounts payable | 17/49 | €122,239 | €111,349 | -€10,890 | -8.9% |
| Amounts payable within one year | 42/48 | €122,239 | €111,349 | -€10,890 | -8.9% |
| Financial debts | 43 | €1,421 | €86 | -€1,335 | -94.0% |
| Credit institutions | 430/8 | €1,421 | €86 | -€1,335 | -94.0% |
| Trade debts | 44 | €22,778 | €14,575 | -€8,203 | -36.0% |
| Suppliers | 440/4 | €22,778 | €14,575 | -€8,203 | -36.0% |
| Advances received on contracts in progress | 46 | €433 | €433 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,252 | €18,048 | -€3,204 | -15.1% |
| Taxes | 450/3 | €14,382 | €15,269 | +€887 | +6.2% |
| Remuneration and social security | 454/9 | €6,870 | €2,779 | -€4,091 | -59.6% |
| Other amounts payable | 47/48 | €76,356 | €78,208 | +€1,852 | +2.4% |
| Remuneration, social security and pensions | 62 | €41,095 | €26,043 | -€15,052 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,228 | €31,456 | -€772 | -2.4% |
| Other operating charges | 640/8 | €802 | €666 | -€136 | -17.0% |
| Gross operating margin | 9900 | €96,780 | €139,964 | +€43,183 | +44.6% |
| Operating profit (loss) | 9901 | €22,654 | €81,799 | +€59,144 | +261% |
| Financial income | 75/76B | €340 | €451 | +€111 | +32.7% |
| Recurring financial income | 75 | €340 | €451 | +€111 | +32.7% |
| Financial charges | 65/66B | €2,681 | €6,183 | +€3,502 | +131% |
| Recurring financial charges | 65 | €2,681 | €6,183 | +€3,502 | +131% |
| Profit (loss) for the period before taxes | 9903 | €20,313 | €76,067 | +€55,754 | +274% |
| Income taxes | 67/77 | €10,789 | €25,459 | +€14,670 | +136% |
| Profit (loss) for the period | 9904 | €9,524 | €50,608 | +€41,084 | +431% |
| Profit (loss) for the period to be appropriated | 9905 | €9,524 | €50,608 | +€41,084 | +431% |
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 20 October 2026 via checked.be.