VABO CONSULT: 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.
VABO CONSULT
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Receivables within one year +€194,609
up €194,609 (+46.2%), from €421,442 to €616,051
of which Other amounts receivable: +€180,113
- Cash +€139,490
up €139,490 (+80.0%), from €174,440 to €313,930
mainly Current investments (+€450,000) and Depreciation (+€212,926)
- Tangible fixed assets -€106,549
down €106,549 (-5.3%), from €2.0m to €1.9m
of which Land and buildings: -€71,080
- Profit (loss) carried forward -€233,049
down €233,049 (-40.7%), from -€573,118 to -€806,168
- Trade debts +€58,691
up €58,691 (+286%), from €20,550 to €79,241
- Other debts -€40,825
down €40,825 (-11.7%), from €348,210 to €307,385
- Depreciation +€31,085
up €31,085 (+17.1%), from €181,841 to €212,926
- Gross operating margin -€29,209
down €29,209 (-1,082%), from -€2,700 to -€31,909
- Taxes -€9,562
down €9,562 (-93.1%), from €10,276 to €714
- Financial income +€3,782
up €3,782 (+26.4%), from €14,330 to €18,111
- Other operating charges -€353
down €353 (-6.5%), from €5,454 to €5,101
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 | €3,075,886 | €2,862,180 | -€213,705 | -6.9% |
| Fixed assets | 21/28 | €2,005,107 | €1,898,558 | -€106,549 | -5.3% |
| Tangible fixed assets | 22/27 | €2,005,107 | €1,898,558 | -€106,549 | -5.3% |
| Land and buildings | 22 | €1,820,330 | €1,749,250 | -€71,080 | -3.9% |
| Plant, machinery and equipment | 23 | €10,565 | €7,823 | -€2,741 | -25.9% |
| Furniture and vehicles | 24 | €174,212 | €141,485 | -€32,727 | -18.8% |
| Current assets | 29/58 | €1,070,779 | €963,623 | -€107,156 | -10.0% |
| Amounts receivable within one year | 40/41 | €421,442 | €616,051 | +€194,609 | +46.2% |
| Trade receivables | 40 | €191,540 | €206,036 | +€14,496 | +7.6% |
| Other amounts receivable | 41 | €229,902 | €410,015 | +€180,113 | +78.3% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €174,440 | €313,930 | +€139,490 | +80.0% |
| Deferred charges and accrued income | 490/1 | €24,897 | €33,642 | +€8,745 | +35.1% |
| Total equity and liabilities | 10/49 | €3,075,886 | €2,862,180 | -€213,705 | -6.9% |
| Equity | 10/15 | €401,873 | €168,824 | -€233,049 | -58.0% |
| Contributions | 10/11 | €632,500 | €632,500 | = | 0.0% |
| Reserves | 13 | €342,492 | €342,492 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,906 | €33,906 | = | 0.0% |
| Distributable reserves | 133 | €308,586 | €308,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€573,118 | -€806,168 | -€233,049 | -40.7% |
| Amounts payable | 17/49 | €2,674,013 | €2,693,356 | +€19,344 | +0.7% |
| Amounts payable after more than one year | 17 | €2,300,000 | €2,300,000 | = | 0.0% |
| Financial debts | 170/4 | €2,300,000 | €2,300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €374,013 | €393,356 | +€19,344 | +5.2% |
| Trade debts | 44 | €20,550 | €79,241 | +€58,691 | +286% |
| Suppliers | 440/4 | €20,550 | €79,241 | +€58,691 | +286% |
| Taxes, remuneration and social security | 45 | €5,253 | €6,730 | +€1,477 | +28.1% |
| Taxes | 450/3 | €5,253 | €6,730 | +€1,477 | +28.1% |
| Other amounts payable | 47/48 | €348,210 | €307,385 | -€40,825 | -11.7% |
| Non-recurring operating income | 76A | €32,851 | - | -€32,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,841 | €212,926 | +€31,085 | +17.1% |
| Other operating charges | 640/8 | €5,454 | €5,101 | -€353 | -6.5% |
| Non-recurring operating charges | 66A | €1,052 | - | -€1,052 | |
| Gross operating margin | 9900 | -€2,700 | -€31,909 | -€29,209 | -1,082% |
| Operating profit (loss) | 9901 | -€191,047 | -€249,936 | -€58,889 | -30.8% |
| Financial income | 75/76B | €14,330 | €18,111 | +€3,782 | +26.4% |
| Recurring financial income | 75 | €14,330 | €18,111 | +€3,782 | +26.4% |
| Financial charges | 65/66B | €466 | €511 | +€45 | +9.6% |
| Recurring financial charges | 65 | €466 | €511 | +€45 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€177,184 | -€232,336 | -€55,152 | -31.1% |
| Income taxes | 67/77 | €10,276 | €714 | -€9,562 | -93.1% |
| Profit (loss) for the period | 9904 | -€187,460 | -€233,049 | -€45,590 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,460 | -€233,049 | -€45,590 | -24.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.