VABENO: 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.
VABENO
Largest movements
- Receivables after one year +€172,987
new in 2024: €172,987
- Receivables within one year -€118,096
down €118,096 (-100.0%), from €118,096 to €0
- Tangible fixed assets +€8,877
up €8,877 (+69.9%), from €12,697 to €21,575
of which Land and buildings: +€9,017
- Debts after one year -€85,319
down €85,319 (-18.4%), from €463,437 to €378,118
- Reserves +€52,000
up €52,000 (+200.0%), from €26,000 to €78,000
- Other debts +€36,558
up €36,558, from €0 to €36,558
- Profit (loss) carried forward +€25,692
up €25,692, from -€24,774 to €918
- Advances received +€12,270
new in 2024: €12,270
- Gross operating margin +€102,535
up €102,535, from -€4,443 to €98,092
- Financial income +€25,539
up €25,539 (+818.1%), from €3,122 to €28,661
- Taxes +€24,196
up €24,196, from -€6,500 to €17,696
- Depreciation +€1,514
up €1,514 (+79.1%), from €1,914 to €3,428
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 | €579,310 | €636,803 | +€57,493 | +9.9% |
| Fixed assets | 21/28 | €454,729 | €463,607 | +€8,877 | +2.0% |
| Tangible fixed assets | 22/27 | €12,697 | €21,575 | +€8,877 | +69.9% |
| Land and buildings | 22 | €12,292 | €21,309 | +€9,017 | +73.4% |
| Furniture and vehicles | 24 | €405 | €265 | -€140 | -34.5% |
| Financial fixed assets | 28 | €442,032 | €442,032 | = | 0.0% |
| Current assets | 29/58 | €124,580 | €173,196 | +€48,616 | +39.0% |
| Amounts receivable after more than one year | 29 | - | €172,987 | +€172,987 | |
| Trade receivables | 290 | - | €172,987 | +€172,987 | |
| Amounts receivable within one year | 40/41 | €118,096 | €0 | -€118,096 | -100.0% |
| Other amounts receivable | 41 | €118,096 | €0 | -€118,096 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,204 | €209 | -€5,995 | -96.6% |
| Deferred charges and accrued income | 490/1 | €281 | €0 | -€281 | -100.0% |
| Total equity and liabilities | 10/49 | €579,310 | €636,803 | +€57,493 | +9.9% |
| Equity | 10/15 | €13,726 | €91,418 | +€77,692 | +566.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €26,000 | €78,000 | +€52,000 | +200.0% |
| Distributable reserves | 133 | €26,000 | €78,000 | +€52,000 | +200.0% |
| Profit (loss) carried forward | 14 | -€24,774 | €918 | +€25,692 | |
| Amounts payable | 17/49 | €565,584 | €545,385 | -€20,199 | -3.6% |
| Amounts payable after more than one year | 17 | €463,437 | €378,118 | -€85,319 | -18.4% |
| Financial debts | 170/4 | €463,437 | €378,118 | -€85,319 | -18.4% |
| Amounts payable within one year | 42/48 | €102,147 | €167,268 | +€65,120 | +63.8% |
| Current portion of amounts payable after more than one year | 42 | €84,537 | €85,319 | +€782 | +0.9% |
| Financial debts | 43 | €76 | €1,997 | +€1,921 | +2516.2% |
| Credit institutions | 430/8 | €76 | €1,997 | +€1,921 | +2516.2% |
| Trade debts | 44 | €5,039 | €10,369 | +€5,329 | +105.8% |
| Suppliers | 440/4 | €5,039 | €10,369 | +€5,329 | +105.8% |
| Advances received on contracts in progress | 46 | - | €12,270 | +€12,270 | |
| Taxes, remuneration and social security | 45 | €12,495 | €20,755 | +€8,261 | +66.1% |
| Taxes | 450/3 | €10,008 | €18,145 | +€8,138 | +81.3% |
| Remuneration and social security | 454/9 | €2,487 | €2,610 | +€123 | +4.9% |
| Other amounts payable | 47/48 | €0 | €36,558 | +€36,558 | |
| Remuneration, social security and pensions | 62 | €19,613 | €18,704 | -€909 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €3,428 | +€1,514 | +79.1% |
| Other operating charges | 640/8 | €1,829 | €2,603 | +€775 | +42.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€4,443 | €98,092 | +€102,535 | |
| Operating profit (loss) | 9901 | -€27,797 | €73,357 | +€101,155 | |
| Financial income | 75/76B | €3,122 | €28,661 | +€25,539 | +818.1% |
| Recurring financial income | 75 | €3,122 | €28,661 | +€25,539 | +818.1% |
| Financial charges | 65/66B | €7,155 | €6,630 | -€524 | -7.3% |
| Recurring financial charges | 65 | €7,155 | €6,630 | -€524 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,830 | €95,388 | +€127,218 | |
| Income taxes | 67/77 | -€6,500 | €17,696 | +€24,196 | |
| Profit (loss) for the period | 9904 | -€25,330 | €77,692 | +€103,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,330 | €77,692 | +€103,023 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.