VABOBOR: 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.
VABOBOR
Largest movements
- Cash +€12,652
up €12,652 (+33.2%), from €38,094 to €50,747
mainly Tax, wage and social debts (+€8,025) and Net result for the year (+€6,443)
- Receivables within one year +€2,353
up €2,353 (+17.1%), from €13,746 to €16,100
of which Trade receivables: +€1,256
- Tax, wage and social debts +€8,025
up €8,025 (+85.3%), from €9,410 to €17,435
of which Remuneration and social security: +€8,250
- Reserves +€5,000
up €5,000 (+17.2%), from €29,110 to €34,110
- Gross operating margin +€1,969
up €1,969 (+34.6%), from €5,699 to €7,669
- Financial income +€781
up €781 (+48.1%), from €1,626 to €2,407
- Taxes +€746
up €746 (+39.7%), from €1,879 to €2,625
- Depreciation +€459
up €459 (+132.3%), from €347 to €807
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 | €155,603 | €169,802 | +€14,199 | +9.1% |
| Fixed assets | 21/28 | €3,762 | €2,955 | -€807 | -21.4% |
| Tangible fixed assets | 22/27 | €3,762 | €2,955 | -€807 | -21.4% |
| Plant, machinery and equipment | 23 | €3,762 | €2,955 | -€807 | -21.4% |
| Current assets | 29/58 | €151,841 | €166,847 | +€15,006 | +9.9% |
| Amounts receivable within one year | 40/41 | €13,746 | €16,100 | +€2,353 | +17.1% |
| Trade receivables | 40 | €12,138 | €13,393 | +€1,256 | +10.3% |
| Other amounts receivable | 41 | €1,609 | €2,706 | +€1,098 | +68.2% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,094 | €50,747 | +€12,652 | +33.2% |
| Total equity and liabilities | 10/49 | €155,603 | €169,802 | +€14,199 | +9.1% |
| Equity | 10/15 | €144,132 | €150,575 | +€6,443 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,110 | €34,110 | +€5,000 | +17.2% |
| Distributable reserves | 133 | €29,110 | €34,110 | +€5,000 | +17.2% |
| Profit (loss) carried forward | 14 | €96,422 | €97,865 | +€1,443 | +1.5% |
| Amounts payable | 17/49 | €11,471 | €19,227 | +€7,756 | +67.6% |
| Amounts payable within one year | 42/48 | €11,471 | €19,227 | +€7,756 | +67.6% |
| Trade debts | 44 | €2,060 | €1,792 | -€269 | -13.0% |
| Suppliers | 440/4 | €2,060 | €1,792 | -€269 | -13.0% |
| Taxes, remuneration and social security | 45 | €9,410 | €17,435 | +€8,025 | +85.3% |
| Taxes | 450/3 | €9,410 | €9,185 | -€225 | -2.4% |
| Remuneration and social security | 454/9 | - | €8,250 | +€8,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €807 | +€459 | +132.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €5,699 | €7,669 | +€1,969 | +34.6% |
| Operating profit (loss) | 9901 | €5,234 | €6,742 | +€1,508 | +28.8% |
| Financial income | 75/76B | €1,626 | €2,407 | +€781 | +48.1% |
| Recurring financial income | 75 | €1,626 | €2,407 | +€781 | +48.1% |
| Financial charges | 65/66B | €82 | €82 | -€0 | -0.5% |
| Recurring financial charges | 65 | €82 | €82 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €6,777 | €9,067 | +€2,290 | +33.8% |
| Income taxes | 67/77 | €1,879 | €2,625 | +€746 | +39.7% |
| Profit (loss) for the period | 9904 | €4,899 | €6,443 | +€1,544 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,899 | €6,443 | +€1,544 | +31.5% |
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 10 October 2026 via checked.be.