VABO - RENT: 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 - RENT
Largest movements
- Tangible fixed assets +€16,974
up €16,974 (+18.8%), from €90,449 to €107,423
of which Furniture and vehicles: +€25,326
- Cash +€5,705
up €5,705 (+2.5%), from €225,322 to €231,027
mainly Net result for the year (+€50,537) and Depreciation (+€36,472)
- Stocks and contracts +€4,031
up €4,031 (+31.8%), from €12,659 to €16,690
- Reserves +€30,537
up €30,537 (+11.2%), from €273,774 to €304,311
- Trade debts +€10,049
up €10,049 (+219%), from €4,579 to €14,628
- Other debts -€7,637
down €7,637 (-73.8%), from €10,352 to €2,715
- Staff costs -€14,737
down €14,737 (-20.0%), from €73,782 to €59,046
- Gross operating margin +€12,713
up €12,713 (+7.9%), from €160,175 to €172,888
- Depreciation +€12,662
up €12,662 (+53.2%), from €23,810 to €36,472
- Taxes +€4,850
up €4,850 (+33.0%), from €14,692 to €19,542
- Other operating charges +€1,872
up €1,872 (+54.7%), from €3,424 to €5,297
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 | €331,013 | €362,127 | +€31,113 | +9.4% |
| Fixed assets | 21/28 | €90,449 | €107,423 | +€16,974 | +18.8% |
| Tangible fixed assets | 22/27 | €90,449 | €107,423 | +€16,974 | +18.8% |
| Plant, machinery and equipment | 23 | €71,941 | €63,590 | -€8,351 | -11.6% |
| Furniture and vehicles | 24 | €18,508 | €43,834 | +€25,326 | +137% |
| Current assets | 29/58 | €240,564 | €254,703 | +€14,139 | +5.9% |
| Stocks and contracts in progress | 3 | €12,659 | €16,690 | +€4,031 | +31.8% |
| Stocks | 30/36 | €12,659 | €16,690 | +€4,031 | +31.8% |
| Amounts receivable within one year | 40/41 | €2,583 | €5,645 | +€3,062 | +119% |
| Trade receivables | 40 | €2,302 | €5,561 | +€3,259 | +142% |
| Other amounts receivable | 41 | €281 | €84 | -€196 | -69.9% |
| Cash at bank and in hand | 54/58 | €225,322 | €231,027 | +€5,705 | +2.5% |
| Deferred charges and accrued income | 490/1 | - | €1,341 | +€1,341 | |
| Total equity and liabilities | 10/49 | €331,013 | €362,127 | +€31,113 | +9.4% |
| Equity | 10/15 | €298,405 | €328,943 | +€30,537 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,774 | €304,311 | +€30,537 | +11.2% |
| Distributable reserves | 133 | €273,774 | €304,311 | +€30,537 | +11.2% |
| Profit (loss) carried forward | 14 | €6,031 | €6,031 | = | 0.0% |
| Amounts payable | 17/49 | €32,608 | €33,184 | +€576 | +1.8% |
| Amounts payable within one year | 42/48 | €32,608 | €33,184 | +€576 | +1.8% |
| Trade debts | 44 | €4,579 | €14,628 | +€10,049 | +219% |
| Suppliers | 440/4 | €4,579 | €14,628 | +€10,049 | +219% |
| Taxes, remuneration and social security | 45 | €17,677 | €15,841 | -€1,835 | -10.4% |
| Taxes | 450/3 | €17,677 | €12,769 | -€4,907 | -27.8% |
| Remuneration and social security | 454/9 | €0 | €3,072 | +€3,072 | +3,071,880% |
| Other amounts payable | 47/48 | €10,352 | €2,715 | -€7,637 | -73.8% |
| Remuneration, social security and pensions | 62 | €73,782 | €59,046 | -€14,737 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,810 | €36,472 | +€12,662 | +53.2% |
| Other operating charges | 640/8 | €3,424 | €5,297 | +€1,872 | +54.7% |
| Gross operating margin | 9900 | €160,175 | €172,888 | +€12,713 | +7.9% |
| Operating profit (loss) | 9901 | €59,158 | €72,073 | +€12,916 | +21.8% |
| Financial income | 75/76B | €86 | €666 | +€580 | +674% |
| Recurring financial income | 75 | €86 | €666 | +€580 | +674% |
| Financial charges | 65/66B | €2,090 | €2,660 | +€570 | +27.2% |
| Recurring financial charges | 65 | €2,090 | €2,660 | +€570 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €57,153 | €70,079 | +€12,926 | +22.6% |
| Income taxes | 67/77 | €14,692 | €19,542 | +€4,850 | +33.0% |
| Profit (loss) for the period | 9904 | €42,461 | €50,537 | +€8,076 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,461 | €50,537 | +€8,076 | +19.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.