VAB-IT: 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.
VAB-IT
Largest movements
- Tangible fixed assets -€22,855
down €22,855 (-6.3%), from €362,446 to €339,591
of which Land and buildings: -€19,842
- Receivables after one year +€18,885
up €18,885 (+35.7%), from €52,973 to €71,859
- Cash +€5,188
up €5,188 (+36.0%), from €14,428 to €19,616
mainly Net result for the year (+€26,643) and Depreciation (+€23,928)
- Debts after one year -€23,189
down €23,189 (-7.5%), from €308,661 to €285,472
- Other debts +€17,000
up €17,000, from €0 to €17,000
- Reserves +€6,643
up €6,643 (+6.9%), from €95,950 to €102,593
- Depreciation -€5,157
down €5,157 (-17.7%), from €29,085 to €23,928
- Financial income +€946
up €946 (+105.3%), from €899 to €1,845
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 | €442,648 | €444,928 | +€2,280 | +0.5% |
| Fixed assets | 21/28 | €362,446 | €339,591 | -€22,855 | -6.3% |
| Tangible fixed assets | 22/27 | €362,446 | €339,591 | -€22,855 | -6.3% |
| Land and buildings | 22 | €357,311 | €337,468 | -€19,842 | -5.6% |
| Plant, machinery and equipment | 23 | - | €993 | +€993 | |
| Furniture and vehicles | 24 | €5,135 | €1,129 | -€4,006 | -78.0% |
| Current assets | 29/58 | €80,202 | €105,337 | +€25,135 | +31.3% |
| Amounts receivable after more than one year | 29 | €52,973 | €71,859 | +€18,885 | +35.7% |
| Other amounts receivable | 291 | €52,973 | €71,859 | +€18,885 | +35.7% |
| Amounts receivable within one year | 40/41 | €10,548 | €13,078 | +€2,530 | +24.0% |
| Trade receivables | 40 | €10,548 | €13,078 | +€2,530 | +24.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,428 | €19,616 | +€5,188 | +36.0% |
| Deferred charges and accrued income | 490/1 | €2,252 | €784 | -€1,468 | -65.2% |
| Total equity and liabilities | 10/49 | €442,648 | €444,928 | +€2,280 | +0.5% |
| Equity | 10/15 | €97,950 | €104,593 | +€6,643 | +6.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €95,950 | €102,593 | +€6,643 | +6.9% |
| Distributable reserves | 133 | €95,950 | €102,593 | +€6,643 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,698 | €340,335 | -€4,363 | -1.3% |
| Amounts payable after more than one year | 17 | €308,661 | €285,472 | -€23,189 | -7.5% |
| Financial debts | 170/4 | €308,661 | €285,472 | -€23,189 | -7.5% |
| Amounts payable within one year | 42/48 | €36,037 | €54,863 | +€18,826 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €22,668 | €23,189 | +€521 | +2.3% |
| Financial debts | 43 | - | €2,188 | +€2,188 | |
| Credit institutions | 430/8 | - | €2,188 | +€2,188 | |
| Trade debts | 44 | €2,433 | €575 | -€1,858 | -76.4% |
| Suppliers | 440/4 | €2,433 | €575 | -€1,858 | -76.4% |
| Taxes, remuneration and social security | 45 | €10,936 | €11,911 | +€975 | +8.9% |
| Taxes | 450/3 | €10,936 | €11,911 | +€975 | +8.9% |
| Other amounts payable | 47/48 | €0 | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,085 | €23,928 | -€5,157 | -17.7% |
| Other operating charges | 640/8 | €2,030 | €2,474 | +€444 | +21.9% |
| Gross operating margin | 9900 | €69,525 | €69,208 | -€317 | -0.5% |
| Operating profit (loss) | 9901 | €38,410 | €42,806 | +€4,396 | +11.4% |
| Financial income | 75/76B | €899 | €1,845 | +€946 | +105.3% |
| Recurring financial income | 75 | €899 | €1,845 | +€946 | +105.3% |
| Financial charges | 65/66B | €5,798 | €6,422 | +€623 | +10.7% |
| Recurring financial charges | 65 | €5,798 | €6,422 | +€623 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €33,510 | €38,229 | +€4,719 | +14.1% |
| Income taxes | 67/77 | €11,127 | €11,586 | +€459 | +4.1% |
| Profit (loss) for the period | 9904 | €22,383 | €26,643 | +€4,260 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,383 | €26,643 | +€4,260 | +19.0% |
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 2 October 2026 via checked.be.