VABO Services: 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 Services
Largest movements
- Stocks and contracts -€28,494
down €28,494 (-86.6%), from €32,900 to €4,406
- Receivables within one year +€22,839
up €22,839 (+166.4%), from €13,730 to €36,569
of which Other amounts receivable: +€18,588
- Tangible fixed assets +€2,492
up €2,492 (+64.9%), from €3,840 to €6,333
of which Other tangible fixed assets: +€3,203
- Deferred charges and accrued income +€1,434
new in 2025: €1,434
- Reserves +€6,077
up €6,077 (+910.5%), from €667 to €6,744
of which Distributable reserves: +€6,077
- Debts after one year -€4,489
no longer reported in 2025 (was €4,489)
- Tax, wage and social debts -€2,202
down €2,202 (-48.1%), from €4,574 to €2,373
- Trade debts -€1,202
down €1,202 (-16.3%), from €7,369 to €6,166
- Current portion of long-term debt -€666
down €666 (-11.2%), from €5,958 to €5,292
- Taxes -€1,293
down €1,293 (-35.3%), from €3,667 to €2,373
- Financial charges -€1,171
down €1,171 (-24.1%), from €4,860 to €3,689
- Other operating charges -€690
down €690 (-64.7%), from €1,065 to €376
- Depreciation +€349
up €349 (+35.4%), from €987 to €1,337
- Gross operating margin -€271
down €271 (-1.9%), from €14,116 to €13,846
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 | €55,987 | €53,811 | -€2,176 | -3.9% |
| Fixed assets | 21/28 | €6,390 | €8,882 | +€2,492 | +39.0% |
| Tangible fixed assets | 22/27 | €3,840 | €6,333 | +€2,492 | +64.9% |
| Furniture and vehicles | 24 | €3,840 | €3,130 | -€710 | -18.5% |
| Other tangible fixed assets | 26 | - | €3,203 | +€3,203 | |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €49,597 | €44,929 | -€4,669 | -9.4% |
| Stocks and contracts in progress | 3 | €32,900 | €4,406 | -€28,494 | -86.6% |
| Stocks | 30/36 | €32,900 | €4,406 | -€28,494 | -86.6% |
| Amounts receivable within one year | 40/41 | €13,730 | €36,569 | +€22,839 | +166.4% |
| Trade receivables | 40 | €7,683 | €11,934 | +€4,251 | +55.3% |
| Other amounts receivable | 41 | €6,047 | €24,635 | +€18,588 | +307.4% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,968 | €2,519 | -€449 | -15.1% |
| Deferred charges and accrued income | 490/1 | - | €1,434 | +€1,434 | |
| Total equity and liabilities | 10/49 | €55,987 | €53,811 | -€2,176 | -3.9% |
| Equity | 10/15 | €22,693 | €28,769 | +€6,077 | +26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €667 | €6,744 | +€6,077 | +910.5% |
| Tax-exempt reserves | 132 | €667 | €667 | = | 0.0% |
| Distributable reserves | 133 | - | €6,077 | +€6,077 | |
| Profit (loss) carried forward | 14 | €3,433 | €3,433 | = | 0.0% |
| Amounts payable | 17/49 | €33,294 | €25,042 | -€8,253 | -24.8% |
| Amounts payable after more than one year | 17 | €4,489 | - | -€4,489 | |
| Financial debts | 170/4 | €4,489 | - | -€4,489 | |
| Amounts payable within one year | 42/48 | €28,805 | €25,042 | -€3,763 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €5,958 | €5,292 | -€666 | -11.2% |
| Financial debts | 43 | €10,905 | €11,211 | +€307 | +2.8% |
| Other loans | 439 | €10,905 | €11,211 | +€307 | +2.8% |
| Trade debts | 44 | €7,369 | €6,166 | -€1,202 | -16.3% |
| Suppliers | 440/4 | €7,369 | €6,166 | -€1,202 | -16.3% |
| Taxes, remuneration and social security | 45 | €4,574 | €2,373 | -€2,202 | -48.1% |
| Taxes | 450/3 | €4,574 | €2,373 | -€2,202 | -48.1% |
| Non-recurring operating income | 76A | - | €29,141 | +€29,141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €1,337 | +€349 | +35.4% |
| Other operating charges | 640/8 | €1,065 | €376 | -€690 | -64.7% |
| Gross operating margin | 9900 | €14,116 | €13,846 | -€271 | -1.9% |
| Operating profit (loss) | 9901 | €12,064 | €12,133 | +€70 | +0.6% |
| Financial income | 75/76B | €13 | €5 | -€8 | -61.3% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -61.3% |
| Financial charges | 65/66B | €4,860 | €3,689 | -€1,171 | -24.1% |
| Recurring financial charges | 65 | €4,860 | €3,689 | -€1,171 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €7,217 | €8,450 | +€1,233 | +17.1% |
| Income taxes | 67/77 | €3,667 | €2,373 | -€1,293 | -35.3% |
| Profit (loss) for the period | 9904 | €3,550 | €6,077 | +€2,526 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,550 | €6,077 | +€2,526 | +71.2% |
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 3 October 2026 via checked.be.