VA-BO: 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.
VA-BO
Largest movements
- Cash +€38,317
up €38,317 (+37.7%), from €101,570 to €139,886
mainly Depreciation (+€24,000) and Net result for the year (+€18,191)
- Tangible fixed assets -€24,000
down €24,000 (-11.4%), from €210,000 to €186,000
- Receivables within one year -€12,859
down €12,859 (-64.3%), from €19,985 to €7,126
of which Other amounts receivable: -€7,227
- Debts after one year -€24,000
down €24,000 (-11.4%), from €210,000 to €186,000
- Reserves +€18,191
up €18,191 (+40.7%), from €44,705 to €62,896
- Trade debts +€7,169
up €7,169 (+48.3%), from €14,850 to €22,019
- Turnover -€118,990
no longer reported in 2025 (was €118,990)
- Purchases and services -€55,810
no longer reported in 2025 (was €55,810)
- Depreciation -€7,788
down €7,788 (-24.5%), from €31,788 to €24,000
- Gross operating margin -€6,312
down €6,312 (-10.0%), from €63,180 to €56,867
- Taxes +€5,603
up €5,603 (+286.8%), from €1,953 to €7,557
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 | €331,555 | €333,012 | +€1,458 | +0.4% |
| Fixed assets | 21/28 | €210,000 | €186,000 | -€24,000 | -11.4% |
| Tangible fixed assets | 22/27 | €210,000 | €186,000 | -€24,000 | -11.4% |
| Leasing and similar rights | 25 | €210,000 | €186,000 | -€24,000 | -11.4% |
| Current assets | 29/58 | €121,555 | €147,012 | +€25,458 | +20.9% |
| Amounts receivable within one year | 40/41 | €19,985 | €7,126 | -€12,859 | -64.3% |
| Trade receivables | 40 | €11,618 | €5,986 | -€5,632 | -48.5% |
| Other amounts receivable | 41 | €8,367 | €1,140 | -€7,227 | -86.4% |
| Cash at bank and in hand | 54/58 | €101,570 | €139,886 | +€38,317 | +37.7% |
| Total equity and liabilities | 10/49 | €331,555 | €333,012 | +€1,458 | +0.4% |
| Equity | 10/15 | €106,705 | €124,896 | +€18,191 | +17.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,705 | €62,896 | +€18,191 | +40.7% |
| Distributable reserves | 133 | €44,705 | €62,896 | +€18,191 | +40.7% |
| Amounts payable | 17/49 | €224,850 | €208,116 | -€16,734 | -7.4% |
| Amounts payable after more than one year | 17 | €210,000 | €186,000 | -€24,000 | -11.4% |
| Financial debts | 170/4 | €210,000 | €186,000 | -€24,000 | -11.4% |
| Amounts payable within one year | 42/48 | €14,850 | €22,116 | +€7,266 | +48.9% |
| Trade debts | 44 | €14,850 | €22,019 | +€7,169 | +48.3% |
| Suppliers | 440/4 | €14,850 | €22,019 | +€7,169 | +48.3% |
| Taxes, remuneration and social security | 45 | - | €97 | +€97 | |
| Remuneration and social security | 454/9 | - | €97 | +€97 | |
| Turnover | 70 | €118,990 | - | -€118,990 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,810 | - | -€55,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,788 | €24,000 | -€7,788 | -24.5% |
| Other operating charges | 640/8 | €2,703 | €2,843 | +€140 | +5.2% |
| Gross operating margin | 9900 | €63,180 | €56,867 | -€6,312 | -10.0% |
| Operating profit (loss) | 9901 | €28,688 | €30,024 | +€1,336 | +4.7% |
| Financial charges | 65/66B | €4,829 | €4,276 | -€553 | -11.5% |
| Recurring financial charges | 65 | €4,829 | €4,276 | -€553 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €23,859 | €25,748 | +€1,889 | +7.9% |
| Income taxes | 67/77 | €1,953 | €7,557 | +€5,603 | +286.8% |
| Profit (loss) for the period | 9904 | €21,906 | €18,191 | -€3,714 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,906 | €18,191 | -€3,714 | -17.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.