VABO - NET: what changed
Two fiscal 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 - NET
Largest movements
- Receivables within one year +€13,080
up €13,080 (+31.9%), from €40,977 to €54,057
of which Trade receivables: +€20,199
- Tangible fixed assets +€7,858
new in 2025: €7,858
- Advances received +€12,178
up €12,178 (+716.4%), from €1,700 to €13,878
- Trade debts +€7,592
up €7,592 (+486.6%), from €1,560 to €9,153
- Reserves +€894
up €894 (+14.0%), from €6,394 to €7,288
of which Distributable reserves: +€894
- Gross operating margin -€2,802
down €2,802 (-57.0%), from €4,920 to €2,118
- Taxes -€350
down €350 (-79.7%), from €439 to €89
- Financial income -€183
down €183 (-100.0%), from €183 to €0
of which Financial income: -€183
- Other operating charges +€144
up €144 (+79.9%), from €180 to €324
- Depreciation +€70
new in 2025: €70
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.
Cash bridge derived
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 | €50,212 | €71,044 | +€20,832 | +41.5% |
| Fixed assets | 21/28 | €1,125 | €8,983 | +€7,858 | +698.6% |
| Tangible fixed assets | 22/27 | - | €7,858 | +€7,858 | |
| Furniture and vehicles | 24 | - | €7,858 | +€7,858 | |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €49,087 | €62,060 | +€12,973 | +26.4% |
| Amounts receivable within one year | 40/41 | €40,977 | €54,057 | +€13,080 | +31.9% |
| Trade receivables | 40 | €1,119 | €21,319 | +€20,199 | +1804.7% |
| Other amounts receivable | 41 | €39,858 | €32,739 | -€7,119 | -17.9% |
| Cash at bank and in hand | 54/58 | €8,110 | €8,003 | -€107 | -1.3% |
| Total equity and liabilities | 10/49 | €50,212 | €71,044 | +€20,832 | +41.5% |
| Equity | 10/15 | €46,512 | €47,406 | +€894 | +1.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €6,394 | €7,288 | +€894 | +14.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €4,394 | €5,288 | +€894 | +20.3% |
| Profit (loss) carried forward | 14 | €33,119 | €33,119 | = | 0.0% |
| Amounts payable | 17/49 | €3,700 | €23,637 | +€19,938 | +538.9% |
| Amounts payable within one year | 42/48 | €3,700 | €23,637 | +€19,938 | +538.9% |
| Trade debts | 44 | €1,560 | €9,153 | +€7,592 | +486.6% |
| Suppliers | 440/4 | €1,560 | €9,153 | +€7,592 | +486.6% |
| Advances received on contracts in progress | 46 | €1,700 | €13,878 | +€12,178 | +716.4% |
| Taxes, remuneration and social security | 45 | €439 | €607 | +€167 | +38.1% |
| Taxes | 450/3 | €439 | €607 | +€167 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €70 | +€70 | |
| Other operating charges | 640/8 | €180 | €324 | +€144 | +79.9% |
| Non-recurring operating charges | 66A | - | €650 | +€650 | |
| Gross operating margin | 9900 | €4,920 | €2,118 | -€2,802 | -57.0% |
| Operating profit (loss) | 9901 | €4,740 | €1,074 | -€3,665 | -77.3% |
| Financial income | 75/76B | €183 | €0 | -€183 | -100.0% |
| Recurring financial income | 75 | €183 | €0 | -€183 | -100.0% |
| Non-recurring financial income | 76B | €183 | €0 | -€183 | -100.0% |
| Financial charges | 65/66B | €90 | €91 | +€1 | +1.2% |
| Recurring financial charges | 65 | €90 | €91 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €4,833 | €983 | -€3,850 | -79.7% |
| Income taxes | 67/77 | €439 | €89 | -€350 | -79.7% |
| Profit (loss) for the period | 9904 | €4,394 | €894 | -€3,500 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,394 | €894 | -€3,500 | -79.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.