VABEN: 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.
VABEN
Largest movements
- Tangible fixed assets +€18,439
up €18,439 (+139%), from €13,282 to €31,721
of which Furniture and vehicles: +€19,961
- Cash -€9,224
down €9,224 (-41.4%), from €22,306 to €13,082
mainly Investment in fixed assets (net) (-€27,452) and Stocks and contracts (-€7,000)
- Stocks and contracts +€7,000
up €7,000 (+63.6%), from €11,000 to €18,000
- Receivables within one year +€2,445
new in 2025: €2,445
- Reserves +€15,850
up €15,850 (+160%), from €9,886 to €25,736
of which Distributable reserves: +€15,850
- Other debts +€4,714
up €4,714 (+501%), from €942 to €5,656
- Trade debts -€1,394
down €1,394 (-20.0%), from €6,972 to €5,578
- Tax, wage and social debts -€805
down €805 (-15.5%), from €5,203 to €4,398
of which Remuneration and social security: -€1,700
- Gross operating margin +€11,918
up €11,918 (+50.2%), from €23,723 to €35,642
- Depreciation +€1,959
up €1,959 (+27.8%), from €7,054 to €9,013
- Other operating charges +€1,890
up €1,890 (+67.2%), from €2,814 to €4,705
- Taxes +€770
up €770 (+77.4%), from €995 to €1,765
- Financial charges +€745
up €745 (+20.9%), from €3,564 to €4,309
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 | €47,803 | €66,279 | +€18,476 | +38.7% |
| Fixed assets | 21/28 | €13,282 | €31,721 | +€18,439 | +139% |
| Tangible fixed assets | 22/27 | €13,282 | €31,721 | +€18,439 | +139% |
| Plant, machinery and equipment | 23 | €3,072 | €1,549 | -€1,523 | -49.6% |
| Furniture and vehicles | 24 | €10,210 | €30,172 | +€19,961 | +196% |
| Current assets | 29/58 | €34,521 | €34,558 | +€37 | +0.1% |
| Stocks and contracts in progress | 3 | €11,000 | €18,000 | +€7,000 | +63.6% |
| Stocks | 30/36 | €11,000 | €18,000 | +€7,000 | +63.6% |
| Amounts receivable within one year | 40/41 | - | €2,445 | +€2,445 | |
| Trade receivables | 40 | - | €2,445 | +€2,445 | |
| Cash at bank and in hand | 54/58 | €22,306 | €13,082 | -€9,224 | -41.4% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,030 | -€185 | -15.2% |
| Total equity and liabilities | 10/49 | €47,803 | €66,279 | +€18,476 | +38.7% |
| Equity | 10/15 | €34,686 | €50,536 | +€15,850 | +45.7% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €9,886 | €25,736 | +€15,850 | +160% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €7,406 | €23,256 | +€15,850 | +214% |
| Amounts payable | 17/49 | €13,117 | €15,743 | +€2,626 | +20.0% |
| Amounts payable within one year | 42/48 | €13,117 | €15,743 | +€2,626 | +20.0% |
| Trade debts | 44 | €6,972 | €5,578 | -€1,394 | -20.0% |
| Suppliers | 440/4 | €6,972 | €5,578 | -€1,394 | -20.0% |
| Advances received on contracts in progress | 46 | - | €110 | +€110 | |
| Taxes, remuneration and social security | 45 | €5,203 | €4,398 | -€805 | -15.5% |
| Taxes | 450/3 | €3,503 | €4,398 | +€895 | +25.5% |
| Remuneration and social security | 454/9 | €1,700 | €0 | -€1,700 | -100% |
| Other amounts payable | 47/48 | €942 | €5,656 | +€4,714 | +501% |
| Non-recurring operating income | 76A | - | €12,592 | +€12,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,054 | €9,013 | +€1,959 | +27.8% |
| Other operating charges | 640/8 | €2,814 | €4,705 | +€1,890 | +67.2% |
| Gross operating margin | 9900 | €23,723 | €35,642 | +€11,918 | +50.2% |
| Operating profit (loss) | 9901 | €13,855 | €21,923 | +€8,069 | +58.2% |
| Financial income | 75/76B | €53 | €0 | -€53 | -100% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -100% |
| Financial charges | 65/66B | €3,564 | €4,309 | +€745 | +20.9% |
| Recurring financial charges | 65 | €3,564 | €4,309 | +€745 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €10,344 | €17,615 | +€7,271 | +70.3% |
| Income taxes | 67/77 | €995 | €1,765 | +€770 | +77.4% |
| Profit (loss) for the period | 9904 | €9,349 | €15,850 | +€6,501 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,349 | €15,850 | +€6,501 | +69.5% |
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 15 October 2026 via checked.be.