AD VIBO: 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.
AD VIBO
Largest movements
- Cash +€18,787
up €18,787 (+16.7%), from €112,685 to €131,472
mainly Other debts (+€51,477) and Depreciation (+€17,926)
- Intangible fixed assets -€9,873
down €9,873 (-18.0%), from €54,959 to €45,086
- Tangible fixed assets -€8,053
down €8,053 (-81.4%), from €9,897 to €1,845
- Receivables within one year +€5,030
up €5,030 (+46.6%), from €10,796 to €15,826
of which Other amounts receivable: +€3,724
- Other debts +€51,477
up €51,477 (+63.9%), from €80,527 to €132,003
- Reserves -€50,000
down €50,000 (-55.6%), from €90,000 to €40,000
- Tax, wage and social debts +€9,902
up €9,902 (+148%), from €6,676 to €16,578
- Current portion of long-term debt -€4,130
down €4,130 (-58.0%), from €7,117 to €2,987
- Profit (loss) carried forward +€3,776
up €3,776 (+77.8%), from €4,853 to €8,629
- Write-downs -€6,939
no longer reported in 2025 (was €6,939)
- Gross operating margin -€4,608
down €4,608 (-15.4%), from €29,991 to €25,383
- Other operating charges +€1,337
up €1,337 (+261%), from €513 to €1,850
- Taxes +€347
up €347 (+28.4%), from €1,219 to €1,566
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 | €196,292 | €203,839 | +€7,547 | +3.8% |
| Fixed assets | 21/28 | €64,856 | €46,931 | -€17,926 | -27.6% |
| Intangible fixed assets | 21 | €54,959 | €45,086 | -€9,873 | -18.0% |
| Tangible fixed assets | 22/27 | €9,897 | €1,845 | -€8,053 | -81.4% |
| Furniture and vehicles | 24 | €9,897 | €1,845 | -€8,053 | -81.4% |
| Current assets | 29/58 | €131,435 | €156,908 | +€25,473 | +19.4% |
| Stocks and contracts in progress | 3 | €5,745 | €7,376 | +€1,631 | +28.4% |
| Contracts in progress | 37 | €5,745 | €7,376 | +€1,631 | +28.4% |
| Amounts receivable within one year | 40/41 | €10,796 | €15,826 | +€5,030 | +46.6% |
| Trade receivables | 40 | €8,015 | €9,321 | +€1,305 | +16.3% |
| Other amounts receivable | 41 | €2,781 | €6,505 | +€3,724 | +134% |
| Cash at bank and in hand | 54/58 | €112,685 | €131,472 | +€18,787 | +16.7% |
| Deferred charges and accrued income | 490/1 | €2,209 | €2,234 | +€25 | +1.1% |
| Total equity and liabilities | 10/49 | €196,292 | €203,839 | +€7,547 | +3.8% |
| Equity | 10/15 | €97,853 | €51,629 | -€46,224 | -47.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €40,000 | -€50,000 | -55.6% |
| Distributable reserves | 133 | €90,000 | €40,000 | -€50,000 | -55.6% |
| Profit (loss) carried forward | 14 | €4,853 | €8,629 | +€3,776 | +77.8% |
| Amounts payable | 17/49 | €98,439 | €152,210 | +€53,772 | +54.6% |
| Amounts payable after more than one year | 17 | €2,987 | - | -€2,987 | |
| Financial debts | 170/4 | €2,987 | - | -€2,987 | |
| Amounts payable within one year | 42/48 | €95,452 | €152,210 | +€56,758 | +59.5% |
| Current portion of amounts payable after more than one year | 42 | €7,117 | €2,987 | -€4,130 | -58.0% |
| Trade debts | 44 | €1,133 | €622 | -€512 | -45.2% |
| Suppliers | 440/4 | €1,133 | €622 | -€512 | -45.2% |
| Advances received on contracts in progress | 46 | - | €21 | +€21 | |
| Taxes, remuneration and social security | 45 | €6,676 | €16,578 | +€9,902 | +148% |
| Taxes | 450/3 | €6,676 | €16,578 | +€9,902 | +148% |
| Other amounts payable | 47/48 | €80,527 | €132,003 | +€51,477 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,223 | €17,926 | -€298 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,939 | - | -€6,939 | |
| Other operating charges | 640/8 | €513 | €1,850 | +€1,337 | +261% |
| Gross operating margin | 9900 | €29,991 | €25,383 | -€4,608 | -15.4% |
| Operating profit (loss) | 9901 | €4,317 | €5,607 | +€1,291 | +29.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -22.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -22.2% |
| Financial charges | 65/66B | €338 | €266 | -€72 | -21.3% |
| Recurring financial charges | 65 | €338 | €266 | -€72 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €3,979 | €5,342 | +€1,362 | +34.2% |
| Income taxes | 67/77 | €1,219 | €1,566 | +€347 | +28.4% |
| Profit (loss) for the period | 9904 | €2,760 | €3,776 | +€1,016 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,760 | €3,776 | +€1,016 | +36.8% |
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.