VABOLIN: 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.
VABOLIN
Largest movements
- Cash -€16,248
down €16,248 (-70.9%), from €22,927 to €6,679
mainly Contributions, distributions and other (-€52,284) and Debts after one year (-€9,458)
- Tangible fixed assets -€6,719
down €6,719 (-20.5%), from €32,732 to €26,013
of which Furniture and vehicles: -€6,016
- Reserves -€14,994
down €14,994 (-8.5%), from €175,922 to €160,928
- Debts after one year -€9,458
down €9,458 (-59.3%), from €15,949 to €6,491
- Depreciation -€12,011
down €12,011 (-53.7%), from €22,369 to €10,358
- Gross operating margin -€11,607
down €11,607 (-17.3%), from €67,034 to €55,427
- Other operating charges -€1,684
down €1,684 (-54.4%), from €3,093 to €1,409
- Financial income -€831
down €831 (-6.2%), from €13,459 to €12,628
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 | €294,110 | €271,206 | -€22,904 | -7.8% |
| Fixed assets | 21/28 | €32,732 | €26,013 | -€6,719 | -20.5% |
| Tangible fixed assets | 22/27 | €32,732 | €26,013 | -€6,719 | -20.5% |
| Plant, machinery and equipment | 23 | €3,711 | €3,321 | -€390 | -10.5% |
| Furniture and vehicles | 24 | €28,456 | €22,440 | -€6,016 | -21.1% |
| Other tangible fixed assets | 26 | €565 | €252 | -€313 | -55.4% |
| Current assets | 29/58 | €261,378 | €245,193 | -€16,185 | -6.2% |
| Amounts receivable within one year | 40/41 | €236,380 | €236,034 | -€346 | -0.1% |
| Trade receivables | 40 | €3,008 | €3,364 | +€356 | +11.8% |
| Other amounts receivable | 41 | €233,372 | €232,670 | -€702 | -0.3% |
| Cash at bank and in hand | 54/58 | €22,927 | €6,679 | -€16,248 | -70.9% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,480 | +€409 | +19.7% |
| Total equity and liabilities | 10/49 | €294,110 | €271,206 | -€22,904 | -7.8% |
| Equity | 10/15 | €233,333 | €218,339 | -€14,994 | -6.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €175,922 | €160,928 | -€14,994 | -8.5% |
| Distributable reserves | 133 | €175,922 | €160,928 | -€14,994 | -8.5% |
| Profit (loss) carried forward | 14 | €47,411 | €47,411 | = | 0.0% |
| Amounts payable | 17/49 | €60,777 | €52,867 | -€7,910 | -13.0% |
| Amounts payable after more than one year | 17 | €15,949 | €6,491 | -€9,458 | -59.3% |
| Financial debts | 170/4 | €15,949 | €6,491 | -€9,458 | -59.3% |
| Amounts payable within one year | 42/48 | €44,828 | €46,376 | +€1,548 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €9,135 | €9,458 | +€323 | +3.5% |
| Trade debts | 44 | €5,169 | €7,267 | +€2,098 | +40.6% |
| Suppliers | 440/4 | €5,169 | €7,267 | +€2,098 | +40.6% |
| Advances received on contracts in progress | 46 | €19,523 | €19,523 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,001 | €10,128 | -€873 | -7.9% |
| Taxes | 450/3 | €11,001 | €10,128 | -€873 | -7.9% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,369 | €10,358 | -€12,011 | -53.7% |
| Other operating charges | 640/8 | €3,093 | €1,409 | -€1,684 | -54.4% |
| Gross operating margin | 9900 | €67,034 | €55,427 | -€11,607 | -17.3% |
| Operating profit (loss) | 9901 | €41,572 | €43,660 | +€2,088 | +5.0% |
| Financial income | 75/76B | €13,459 | €12,628 | -€831 | -6.2% |
| Recurring financial income | 75 | €13,459 | €12,628 | -€831 | -6.2% |
| Financial charges | 65/66B | €1,812 | €1,633 | -€179 | -9.9% |
| Recurring financial charges | 65 | €1,812 | €1,633 | -€179 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €53,219 | €54,655 | +€1,436 | +2.7% |
| Income taxes | 67/77 | €17,349 | €17,365 | +€16 | +0.1% |
| Profit (loss) for the period | 9904 | €35,870 | €37,290 | +€1,420 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,870 | €37,290 | +€1,420 | +4.0% |
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 9 October 2026 via checked.be.