VABENE WERFLEIDING: 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.
VABENE WERFLEIDING
Largest movements
- Cash +€64,647
up €64,647 (+222%), from €29,108 to €93,755
mainly Net result for the year (+€35,760) and Depreciation (+€21,475)
- Tangible fixed assets -€21,475
down €21,475 (-32.9%), from €65,248 to €43,773
of which Furniture and vehicles: -€21,127
- Receivables within one year -€14,290
down €14,290 (-48.8%), from €29,263 to €14,973
of which Trade receivables: -€13,257
- Deferred charges and accrued income +€2,282
up €2,282 (+42.4%), from €5,383 to €7,665
- Reserves +€35,760
up €35,760 (+36.3%), from €98,644 to €134,404
- Current portion of long-term debt -€10,124
down €10,124 (-66.3%), from €15,262 to €5,138
- Trade debts +€5,972
up €5,972 (+249%), from €2,402 to €8,374
- Debts after one year -€5,138
no longer reported in 2025 (was €5,138)
- Tax, wage and social debts +€3,953
up €3,953 (+83.2%), from €4,751 to €8,703
- Gross operating margin -€9,890
down €9,890 (-12.8%), from €77,355 to €67,465
- Depreciation -€5,007
down €5,007 (-18.9%), from €26,482 to €21,475
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 | €129,003 | €160,166 | +€31,163 | +24.2% |
| Fixed assets | 21/28 | €65,248 | €43,773 | -€21,475 | -32.9% |
| Tangible fixed assets | 22/27 | €65,248 | €43,773 | -€21,475 | -32.9% |
| Plant, machinery and equipment | 23 | €348 | - | -€348 | |
| Furniture and vehicles | 24 | €64,900 | €43,773 | -€21,127 | -32.6% |
| Current assets | 29/58 | €63,755 | €116,393 | +€52,639 | +82.6% |
| Amounts receivable within one year | 40/41 | €29,263 | €14,973 | -€14,290 | -48.8% |
| Trade receivables | 40 | €27,044 | €13,787 | -€13,257 | -49.0% |
| Other amounts receivable | 41 | €2,220 | €1,186 | -€1,034 | -46.6% |
| Cash at bank and in hand | 54/58 | €29,108 | €93,755 | +€64,647 | +222% |
| Deferred charges and accrued income | 490/1 | €5,383 | €7,665 | +€2,282 | +42.4% |
| Total equity and liabilities | 10/49 | €129,003 | €160,166 | +€31,163 | +24.2% |
| Equity | 10/15 | €100,794 | €136,554 | +€35,760 | +35.5% |
| Contributions | 10/11 | €2,150 | €2,150 | = | 0.0% |
| Reserves | 13 | €98,644 | €134,404 | +€35,760 | +36.3% |
| Distributable reserves | 133 | €98,644 | €134,404 | +€35,760 | +36.3% |
| Amounts payable | 17/49 | €28,209 | €23,612 | -€4,597 | -16.3% |
| Amounts payable after more than one year | 17 | €5,138 | - | -€5,138 | |
| Financial debts | 170/4 | €5,138 | - | -€5,138 | |
| Amounts payable within one year | 42/48 | €23,071 | €23,612 | +€542 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €15,262 | €5,138 | -€10,124 | -66.3% |
| Trade debts | 44 | €2,402 | €8,374 | +€5,972 | +249% |
| Suppliers | 440/4 | €2,402 | €8,374 | +€5,972 | +249% |
| Taxes, remuneration and social security | 45 | €4,751 | €8,703 | +€3,953 | +83.2% |
| Taxes | 450/3 | €4,751 | €8,703 | +€3,953 | +83.2% |
| Other amounts payable | 47/48 | €656 | €1,397 | +€741 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,482 | €21,475 | -€5,007 | -18.9% |
| Other operating charges | 640/8 | €408 | €549 | +€142 | +34.8% |
| Gross operating margin | 9900 | €77,355 | €67,465 | -€9,890 | -12.8% |
| Operating profit (loss) | 9901 | €50,465 | €45,440 | -€5,025 | -10.0% |
| Financial income | 75/76B | €72 | €50 | -€22 | -30.2% |
| Recurring financial income | 75 | €72 | €50 | -€22 | -30.2% |
| Financial charges | 65/66B | €726 | €417 | -€309 | -42.6% |
| Recurring financial charges | 65 | €726 | €417 | -€309 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €49,811 | €45,074 | -€4,737 | -9.5% |
| Income taxes | 67/77 | €9,480 | €9,314 | -€166 | -1.8% |
| Profit (loss) for the period | 9904 | €40,331 | €35,760 | -€4,571 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,331 | €35,760 | -€4,571 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.