VABEGRO: what changed
What changed
VABEGRO
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
-€2,352
2024 · €10,928-€13,280
Equity
€34,011
2024 · €36,364-€2,352
Cash
€11,169
2024 · €22,954-€11,785
Balance sheet total
€341,711
2024 · €388,515-€46,804
Largest movements
Assets
- Tangible fixed assets -€43,084
down €43,084 (-16.1%), from €266,875 to €223,791
of which Furniture and vehicles: -€31,300
- Cash -€11,785
down €11,785 (-51.3%), from €22,954 to €11,169
mainly Investment in fixed assets (net) (-€41,165) and Debts after one year (-€40,483)
- Receivables within one year +€6,293
up €6,293 (+7.5%), from €83,440 to €89,733
of which Trade receivables: +€12,312
- Deferred charges and accrued income +€4,098
up €4,098 (+58.5%), from €7,000 to €11,098
Equity and liabilities
- Debts after one year -€40,483
down €40,483 (-20.3%), from €199,231 to €158,748
- Trade debts -€4,075
down €4,075 (-6.5%), from €62,678 to €58,603
Income statement
- Gross operating margin -€14,038
down €14,038 (-5.6%), from €252,106 to €238,067
- Depreciation +€10,318
up €10,318 (+14.0%), from €73,931 to €84,249
- Staff costs -€8,115
down €8,115 (-5.5%), from €147,420 to €139,304
- Taxes -€3,896
down €3,896 (-100%), from €3,896 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,928
Gross operating margin
-€14,038
Staff costs
+€8,115
Depreciation
-€10,318
Other operating charges
-€490
Financial income
+€19
Financial charges
-€465
Taxes
+€3,896
Result 2025
-€2,352
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,189
Investment
-€41,165
Financing
-€37,808
Cash 2024
€22,954
From operations (derived)
+€67,189
Net result for the year
-€2,352
Depreciation
+€84,249
Stocks and contracts
+€2,326
Receivables within one year
-€6,293
Deferred charges and accrued income
-€4,098
Trade debts
-€4,075
Tax, wage and social debts
-€3,072
Other debts
+€503
Investment (derived)
-€41,165
Investment in fixed assets (net)
-€41,165
Financing
-€37,808
Debts after one year
-€40,483
Current portion of long-term debt
+€2,675
Cash 2025
€11,169
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,515 | €341,711 | -€46,804 | -12.0% |
| Fixed assets | 21/28 | €266,975 | €223,891 | -€43,084 | -16.1% |
| Tangible fixed assets | 22/27 | €266,875 | €223,791 | -€43,084 | -16.1% |
| Plant, machinery and equipment | 23 | €73,782 | €61,998 | -€11,784 | -16.0% |
| Furniture and vehicles | 24 | €193,093 | €161,793 | -€31,300 | -16.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €121,541 | €117,820 | -€3,721 | -3.1% |
| Stocks and contracts in progress | 3 | €8,146 | €5,820 | -€2,326 | -28.6% |
| Stocks | 30/36 | €8,146 | €5,820 | -€2,326 | -28.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €83,440 | €89,733 | +€6,293 | +7.5% |
| Trade receivables | 40 | €67,987 | €80,299 | +€12,312 | +18.1% |
| Other amounts receivable | 41 | €15,453 | €9,434 | -€6,019 | -39.0% |
| Cash at bank and in hand | 54/58 | €22,954 | €11,169 | -€11,785 | -51.3% |
| Deferred charges and accrued income | 490/1 | €7,000 | €11,098 | +€4,098 | +58.5% |
| Total equity and liabilities | 10/49 | €388,515 | €341,711 | -€46,804 | -12.0% |
| Equity | 10/15 | €36,364 | €34,011 | -€2,352 | -6.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €23,864 | €23,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €23,864 | €23,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,352 | -€2,352 | |
| Amounts payable | 17/49 | €352,152 | €307,700 | -€44,452 | -12.6% |
| Amounts payable after more than one year | 17 | €199,231 | €158,748 | -€40,483 | -20.3% |
| Financial debts | 170/4 | €199,231 | €158,748 | -€40,483 | -20.3% |
| Amounts payable within one year | 42/48 | €152,921 | €148,952 | -€3,969 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €64,629 | €67,303 | +€2,675 | +4.1% |
| Trade debts | 44 | €62,678 | €58,603 | -€4,075 | -6.5% |
| Suppliers | 440/4 | €62,678 | €58,603 | -€4,075 | -6.5% |
| Taxes, remuneration and social security | 45 | €21,614 | €18,542 | -€3,072 | -14.2% |
| Taxes | 450/3 | €6,946 | €8,042 | +€1,096 | +15.8% |
| Remuneration and social security | 454/9 | €14,668 | €10,500 | -€4,168 | -28.4% |
| Other amounts payable | 47/48 | €4,000 | €4,503 | +€503 | +12.6% |
| Non-recurring operating income | 76A | €43,900 | €15,500 | -€28,400 | -64.7% |
| Remuneration, social security and pensions | 62 | €147,420 | €139,304 | -€8,115 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,931 | €84,249 | +€10,318 | +14.0% |
| Other operating charges | 640/8 | €924 | €1,414 | +€490 | +53.0% |
| Gross operating margin | 9900 | €252,106 | €238,067 | -€14,038 | -5.6% |
| Operating profit (loss) | 9901 | €29,830 | €13,100 | -€16,731 | -56.1% |
| Financial income | 75/76B | €208 | €227 | +€19 | +9.4% |
| Recurring financial income | 75 | €208 | €227 | +€19 | +9.4% |
| Financial charges | 65/66B | €15,214 | €15,679 | +€465 | +3.1% |
| Recurring financial charges | 65 | €15,214 | €15,679 | +€465 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €14,825 | -€2,352 | -€17,177 | |
| Income taxes | 67/77 | €3,896 | €0 | -€3,896 | -100% |
| Profit (loss) for the period | 9904 | €10,928 | -€2,352 | -€13,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,928 | -€2,352 | -€13,280 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.