ALL'VAPONE: 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.
ALL'VAPONE
Largest movements
- Stocks and contracts -€6,425
down €6,425 (-52.1%), from €12,332 to €5,907
- Cash -€1,856
down €1,856 (-55.3%), from €3,355 to €1,499
mainly Net result for the year (-€12,450) and Investment in fixed assets (net) (-€3,474)
- Tangible fixed assets +€1,806
up €1,806 (+51.5%), from €3,505 to €5,311
of which Land and buildings: +€3,256
- Receivables within one year -€201
down €201 (-59.5%), from €337 to €136
of which Trade receivables: -€158
- Profit (loss) carried forward -€12,450
down €12,450 (-62.0%), from -€20,083 to -€32,533
- Tax, wage and social debts +€3,267
up €3,267 (+6,292%), from €52 to €3,319
of which Taxes: +€1,767
- Other debts +€2,410
up €2,410 (+25.4%), from €9,489 to €11,899
- Gross operating margin -€5,225
down €5,225 (-107%), from -€4,891 to -€10,116
- Financial charges -€248
down €248 (-37.7%), from €658 to €410
- Depreciation +€218
up €218 (+15.0%), from €1,450 to €1,668
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 | €19,660 | €12,990 | -€6,671 | -33.9% |
| Fixed assets | 21/28 | €3,505 | €5,311 | +€1,806 | +51.5% |
| Tangible fixed assets | 22/27 | €3,505 | €5,311 | +€1,806 | +51.5% |
| Land and buildings | 22 | - | €3,256 | +€3,256 | |
| Furniture and vehicles | 24 | €3,505 | €2,055 | -€1,450 | -41.4% |
| Current assets | 29/58 | €16,155 | €7,678 | -€8,477 | -52.5% |
| Stocks and contracts in progress | 3 | €12,332 | €5,907 | -€6,425 | -52.1% |
| Stocks | 30/36 | €12,332 | €5,907 | -€6,425 | -52.1% |
| Amounts receivable within one year | 40/41 | €337 | €136 | -€201 | -59.5% |
| Trade receivables | 40 | €294 | €136 | -€158 | -53.7% |
| Other amounts receivable | 41 | €43 | - | -€43 | |
| Cash at bank and in hand | 54/58 | €3,355 | €1,499 | -€1,856 | -55.3% |
| Deferred charges and accrued income | 490/1 | €132 | €136 | +€5 | +3.5% |
| Total equity and liabilities | 10/49 | €19,660 | €12,990 | -€6,671 | -33.9% |
| Equity | 10/15 | €9,917 | -€2,533 | -€12,450 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,083 | -€32,533 | -€12,450 | -62.0% |
| Amounts payable | 17/49 | €9,743 | €15,523 | +€5,779 | +59.3% |
| Amounts payable within one year | 42/48 | €9,743 | €15,523 | +€5,779 | +59.3% |
| Trade debts | 44 | €203 | €305 | +€103 | +50.6% |
| Suppliers | 440/4 | €203 | €305 | +€103 | +50.6% |
| Taxes, remuneration and social security | 45 | €52 | €3,319 | +€3,267 | +6,292% |
| Taxes | 450/3 | €52 | €1,819 | +€1,767 | +3,403% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €9,489 | €11,899 | +€2,410 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,450 | €1,668 | +€218 | +15.0% |
| Other operating charges | 640/8 | €225 | €260 | +€35 | +15.6% |
| Gross operating margin | 9900 | -€4,891 | -€10,116 | -€5,225 | -107% |
| Operating profit (loss) | 9901 | -€6,566 | -€12,044 | -€5,478 | -83.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €658 | €410 | -€248 | -37.7% |
| Recurring financial charges | 65 | €658 | €410 | -€248 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,223 | -€12,450 | -€5,226 | -72.4% |
| Profit (loss) for the period | 9904 | -€7,223 | -€12,450 | -€5,226 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,223 | -€12,450 | -€5,226 | -72.4% |
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 23 October 2026 via checked.be.