VB@WORK: 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.
VB@WORK
Largest movements
- Cash -€10,351
down €10,351 (-9.5%), from €108,808 to €98,457
mainly Contributions, distributions and other (-€35,750) and Investment in fixed assets (net) (-€5,113)
- Tangible fixed assets +€3,787
up €3,787 (+172.7%), from €2,193 to €5,979
of which Furniture and vehicles: +€4,594
- Reserves -€12,750
down €12,750 (-11.8%), from €108,238 to €95,488
- Tax, wage and social debts +€6,558
up €6,558 (+67.3%), from €9,748 to €16,307
- Gross operating margin -€14,722
down €14,722 (-26.7%), from €55,155 to €40,433
- Taxes -€4,136
down €4,136 (-22.3%), from €18,588 to €14,452
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 | €126,192 | €119,721 | -€6,472 | -5.1% |
| Fixed assets | 21/28 | €2,443 | €6,229 | +€3,787 | +155.0% |
| Tangible fixed assets | 22/27 | €2,193 | €5,979 | +€3,787 | +172.7% |
| Plant, machinery and equipment | 23 | €2,193 | €1,385 | -€808 | -36.8% |
| Furniture and vehicles | 24 | - | €4,594 | +€4,594 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €123,749 | €113,491 | -€10,258 | -8.3% |
| Amounts receivable within one year | 40/41 | €13,903 | €13,963 | +€61 | +0.4% |
| Trade receivables | 40 | €13,903 | €13,449 | -€454 | -3.3% |
| Other amounts receivable | 41 | - | €514 | +€514 | |
| Cash at bank and in hand | 54/58 | €108,808 | €98,457 | -€10,351 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,071 | +€32 | +3.1% |
| Total equity and liabilities | 10/49 | €126,192 | €119,721 | -€6,472 | -5.1% |
| Equity | 10/15 | €114,740 | €102,375 | -€12,365 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,238 | €95,488 | -€12,750 | -11.8% |
| Distributable reserves | 133 | €108,238 | €95,488 | -€12,750 | -11.8% |
| Profit (loss) carried forward | 14 | €302 | €687 | +€385 | +127.5% |
| Amounts payable | 17/49 | €11,452 | €17,345 | +€5,894 | +51.5% |
| Amounts payable within one year | 42/48 | €11,452 | €17,345 | +€5,894 | +51.5% |
| Trade debts | 44 | €1,194 | €1,039 | -€155 | -13.0% |
| Suppliers | 440/4 | €1,194 | €1,039 | -€155 | -13.0% |
| Taxes, remuneration and social security | 45 | €9,748 | €16,307 | +€6,558 | +67.3% |
| Taxes | 450/3 | €9,748 | €16,307 | +€6,558 | +67.3% |
| Other amounts payable | 47/48 | €509 | - | -€509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €1,326 | -€8 | -0.6% |
| Other operating charges | 640/8 | €1,518 | €1,199 | -€318 | -21.0% |
| Gross operating margin | 9900 | €55,155 | €40,433 | -€14,722 | -26.7% |
| Operating profit (loss) | 9901 | €52,304 | €37,908 | -€14,397 | -27.5% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €183 | €161 | -€22 | -11.9% |
| Recurring financial charges | 65 | €183 | €161 | -€22 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €52,121 | €37,837 | -€14,285 | -27.4% |
| Income taxes | 67/77 | €18,588 | €14,452 | -€4,136 | -22.3% |
| Profit (loss) for the period | 9904 | €33,533 | €23,385 | -€10,149 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,533 | €23,385 | -€10,149 | -30.3% |
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 7 October 2026 via checked.be.