Vabedev: 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.
Vabedev
Largest movements
- Tangible fixed assets -€25,548
down €25,548 (-3.0%), from €840,087 to €814,539
of which Land and buildings: -€28,709
- Cash -€11,688
down €11,688 (-61.3%), from €19,076 to €7,388
mainly Debts after one year (-€40,174) and Investment in fixed assets (net) (-€10,288)
- Debts after one year -€40,174
down €40,174 (-20.0%), from €200,615 to €160,440
- Gross operating margin -€5,546
down €5,546 (-8.6%), from €64,559 to €59,012
- Taxes -€3,172
down €3,172 (-46.8%), from €6,784 to €3,613
- Write-downs +€1,456
new in 2024: €1,456
- Depreciation +€1,181
up €1,181 (+3.4%), from €34,655 to €35,835
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €867,380 | €827,720 | -€39,660 | -4.6% |
| Fixed assets | 21/28 | €840,087 | €814,539 | -€25,548 | -3.0% |
| Tangible fixed assets | 22/27 | €840,087 | €814,539 | -€25,548 | -3.0% |
| Land and buildings | 22 | €824,245 | €795,536 | -€28,709 | -3.5% |
| Plant, machinery and equipment | 23 | €432 | €8,706 | +€8,274 | +1914.5% |
| Furniture and vehicles | 24 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Other tangible fixed assets | 26 | €410 | €297 | -€113 | -27.5% |
| Current assets | 29/58 | €27,293 | €13,181 | -€14,112 | -51.7% |
| Amounts receivable within one year | 40/41 | €8,217 | €5,793 | -€2,424 | -29.5% |
| Trade receivables | 40 | €8,217 | €1,906 | -€6,311 | -76.8% |
| Other amounts receivable | 41 | - | €3,887 | +€3,887 | |
| Cash at bank and in hand | 54/58 | €19,076 | €7,388 | -€11,688 | -61.3% |
| Total equity and liabilities | 10/49 | €867,380 | €827,720 | -€39,660 | -4.6% |
| Equity | 10/15 | €242,078 | €250,449 | +€8,370 | +3.5% |
| Contributions | 10/11 | €182,551 | €182,551 | = | 0.0% |
| Reserves | 13 | €59,528 | €67,898 | +€8,370 | +14.1% |
| Distributable reserves | 133 | €59,528 | €67,898 | +€8,370 | +14.1% |
| Amounts payable | 17/49 | €625,301 | €577,271 | -€48,030 | -7.7% |
| Amounts payable after more than one year | 17 | €200,615 | €160,440 | -€40,174 | -20.0% |
| Financial debts | 170/4 | €200,615 | €160,440 | -€40,174 | -20.0% |
| Amounts payable within one year | 42/48 | €424,687 | €416,831 | -€7,856 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €39,858 | €40,174 | +€316 | +0.8% |
| Trade debts | 44 | €5,012 | €8,604 | +€3,591 | +71.7% |
| Suppliers | 440/4 | €5,012 | €8,604 | +€3,591 | +71.7% |
| Advances received on contracts in progress | 46 | - | €4,041 | +€4,041 | |
| Taxes, remuneration and social security | 45 | €9,258 | €716 | -€8,542 | -92.3% |
| Taxes | 450/3 | €9,258 | €716 | -€8,542 | -92.3% |
| Other amounts payable | 47/48 | €370,558 | €363,295 | -€7,263 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,655 | €35,835 | +€1,181 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,456 | +€1,456 | |
| Other operating charges | 640/8 | €7,674 | €7,955 | +€281 | +3.7% |
| Gross operating margin | 9900 | €64,559 | €59,012 | -€5,546 | -8.6% |
| Operating profit (loss) | 9901 | €22,229 | €13,766 | -€8,464 | -38.1% |
| Financial income | 75/76B | €72 | €67 | -€5 | -7.0% |
| Recurring financial income | 75 | €72 | €67 | -€5 | -7.0% |
| Non-recurring financial income | 76B | €72 | - | -€72 | |
| Financial charges | 65/66B | €2,163 | €1,850 | -€313 | -14.5% |
| Recurring financial charges | 65 | €2,163 | €1,850 | -€313 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €20,138 | €11,983 | -€8,155 | -40.5% |
| Income taxes | 67/77 | €6,784 | €3,613 | -€3,172 | -46.8% |
| Profit (loss) for the period | 9904 | €13,354 | €8,370 | -€4,984 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,354 | €8,370 | -€4,984 | -37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.