Va Bene: 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.
Va Bene
Largest movements
- Tangible fixed assets -€25,079
down €25,079 (-87.1%), from €28,807 to €3,729
of which Land and buildings: -€22,232
- Receivables within one year +€15,460
up €15,460 (+41.0%), from €37,708 to €53,169
of which Trade receivables: +€22,005
- Trade debts -€11,958
down €11,958 (-87.4%), from €13,676 to €1,719
- Gross operating margin +€15,360
up €15,360 (+9.8%), from €157,291 to €172,651
- Taxes +€5,805
up €5,805 (+15.2%), from €38,272 to €44,077
- Financial income +€2,294
up €2,294 (+83.1%), from €2,760 to €5,054
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 | €683,542 | €680,528 | -€3,014 | -0.4% |
| Fixed assets | 21/28 | €28,807 | €3,729 | -€25,079 | -87.1% |
| Tangible fixed assets | 22/27 | €28,807 | €3,729 | -€25,079 | -87.1% |
| Land and buildings | 22 | €22,232 | - | -€22,232 | |
| Plant, machinery and equipment | 23 | €5,101 | €3,092 | -€2,009 | -39.4% |
| Furniture and vehicles | 24 | €1,475 | €637 | -€838 | -56.8% |
| Current assets | 29/58 | €654,735 | €676,799 | +€22,065 | +3.4% |
| Amounts receivable within one year | 40/41 | €37,708 | €53,169 | +€15,460 | +41.0% |
| Trade receivables | 40 | €31,164 | €53,169 | +€22,005 | +70.6% |
| Other amounts receivable | 41 | €6,544 | - | -€6,544 | |
| Current investments | 50/53 | €121,776 | €123,838 | +€2,062 | +1.7% |
| Cash at bank and in hand | 54/58 | €494,362 | €499,793 | +€5,431 | +1.1% |
| Deferred charges and accrued income | 490/1 | €889 | - | -€889 | |
| Total equity and liabilities | 10/49 | €683,542 | €680,528 | -€3,014 | -0.4% |
| Equity | 10/15 | €662,140 | €664,995 | +€2,855 | +0.4% |
| Reserves | 13 | €662,140 | €664,995 | +€2,855 | +0.4% |
| Tax-exempt reserves | 132 | €3,026 | €3,026 | = | 0.0% |
| Distributable reserves | 133 | €659,115 | €661,969 | +€2,855 | +0.4% |
| Amounts payable | 17/49 | €21,402 | €15,533 | -€5,869 | -27.4% |
| Amounts payable within one year | 42/48 | €21,402 | €15,533 | -€5,869 | -27.4% |
| Trade debts | 44 | €13,676 | €1,719 | -€11,958 | -87.4% |
| Suppliers | 440/4 | €13,676 | €1,719 | -€11,958 | -87.4% |
| Taxes, remuneration and social security | 45 | €4,635 | €11,284 | +€6,649 | +143% |
| Taxes | 450/3 | €86 | €9,334 | +€9,247 | +10,723% |
| Remuneration and social security | 454/9 | €4,548 | €1,950 | -€2,598 | -57.1% |
| Other amounts payable | 47/48 | €3,091 | €2,531 | -€560 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,663 | €25,079 | -€584 | -2.3% |
| Other operating charges | 640/8 | €1,594 | €1,632 | +€38 | +2.4% |
| Non-recurring operating charges | 66A | €277 | - | -€277 | |
| Gross operating margin | 9900 | €157,291 | €172,651 | +€15,360 | +9.8% |
| Operating profit (loss) | 9901 | €129,757 | €145,941 | +€16,184 | +12.5% |
| Financial income | 75/76B | €2,760 | €5,054 | +€2,294 | +83.1% |
| Recurring financial income | 75 | €2,760 | €5,054 | +€2,294 | +83.1% |
| Financial charges | 65/66B | -€549 | €239 | +€788 | |
| Recurring financial charges | 65 | -€549 | €239 | +€788 | |
| Profit (loss) for the period before taxes | 9903 | €133,066 | €150,756 | +€17,689 | +13.3% |
| Income taxes | 67/77 | €38,272 | €44,077 | +€5,805 | +15.2% |
| Profit (loss) for the period | 9904 | €94,794 | €106,679 | +€11,885 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,794 | €106,679 | +€11,885 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.