VABER TECHNICS: 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.
VABER TECHNICS
Largest movements
- Stocks and contracts -€5,092
down €5,092 (-12.7%), from €39,946 to €34,854
of which Contracts in progress: -€2,959
- Cash +€3,682
up €3,682 (+123%), from €2,987 to €6,669
mainly Stocks and contracts (+€5,092) and Depreciation (+€600)
- Receivables within one year +€2,605
up €2,605 (+115%), from €2,259 to €4,865
of which Trade receivables: +€2,126
- Tangible fixed assets -€600
down €600 (-36.4%), from €1,650 to €1,050
of which Plant, machinery and equipment: -€338
No liability line moved by more than 1% of the balance sheet total.
- Write-downs -€2,654
new in 2025: -€2,654
- Gross operating margin -€1,155
down €1,155 (-50.1%), from €2,305 to €1,149
- Taxes +€686
up €686 (+42.5%), from €1,617 to €2,303
- Depreciation -€136
down €136 (-18.5%), from €736 to €600
- Other operating charges -€45
down €45 (-5.2%), from €860 to €816
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 | €47,881 | €48,814 | +€934 | +1.9% |
| Fixed assets | 21/28 | €1,650 | €1,050 | -€600 | -36.4% |
| Tangible fixed assets | 22/27 | €1,650 | €1,050 | -€600 | -36.4% |
| Land and buildings | 22 | €736 | €473 | -€262 | -35.7% |
| Plant, machinery and equipment | 23 | €914 | €577 | -€338 | -36.9% |
| Current assets | 29/58 | €46,231 | €47,764 | +€1,534 | +3.3% |
| Stocks and contracts in progress | 3 | €39,946 | €34,854 | -€5,092 | -12.7% |
| Stocks | 30/36 | €36,987 | €34,854 | -€2,133 | -5.8% |
| Contracts in progress | 37 | €2,959 | - | -€2,959 | |
| Amounts receivable within one year | 40/41 | €2,259 | €4,865 | +€2,605 | +115% |
| Trade receivables | 40 | €430 | €2,556 | +€2,126 | +494% |
| Other amounts receivable | 41 | €1,829 | €2,309 | +€480 | +26.2% |
| Cash at bank and in hand | 54/58 | €2,987 | €6,669 | +€3,682 | +123% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,376 | +€338 | +32.5% |
| Total equity and liabilities | 10/49 | €47,881 | €48,814 | +€934 | +1.9% |
| Equity | 10/15 | €44,309 | €44,420 | +€112 | +0.3% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €26,758 | €26,758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,898 | €24,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151 | €263 | +€112 | +74.1% |
| Amounts payable | 17/49 | €3,572 | €4,394 | +€822 | +23.0% |
| Amounts payable within one year | 42/48 | €3,572 | €4,394 | +€822 | +23.0% |
| Trade debts | 44 | €3,019 | €3,443 | +€424 | +14.1% |
| Suppliers | 440/4 | €3,019 | €3,443 | +€424 | +14.1% |
| Other amounts payable | 47/48 | €553 | €951 | +€397 | +71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €600 | -€136 | -18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,654 | -€2,654 | |
| Other operating charges | 640/8 | €860 | €816 | -€45 | -5.2% |
| Gross operating margin | 9900 | €2,305 | €1,149 | -€1,155 | -50.1% |
| Operating profit (loss) | 9901 | €708 | €2,387 | +€1,679 | +237% |
| Financial income | 75/76B | €86 | €82 | -€4 | -5.0% |
| Recurring financial income | 75 | €86 | €82 | -€4 | -5.0% |
| Financial charges | 65/66B | €54 | €54 | -€0 | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €740 | €2,415 | +€1,675 | +226% |
| Income taxes | 67/77 | €1,617 | €2,303 | +€686 | +42.5% |
| Profit (loss) for the period | 9904 | -€877 | €112 | +€989 | |
| Profit (loss) for the period to be appropriated | 9905 | -€877 | €112 | +€989 |
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.