VABRICO: 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.
VABRICO
Largest movements
- Receivables within one year +€9,909
up €9,909 (+30.4%), from €32,624 to €42,533
of which Other amounts receivable: +€16,058
- Tangible fixed assets -€2,374
down €2,374 (-14.8%), from €16,071 to €13,696
of which Plant, machinery and equipment: -€1,274
- Tax, wage and social debts +€6,570
up €6,570 (+81.5%), from €8,062 to €14,632
of which Remuneration and social security: +€4,318
- Trade debts +€2,019
up €2,019 (+13.0%), from €15,516 to €17,534
- Other debts -€913
down €913 (-2.4%), from €38,597 to €37,685
- Gross operating margin +€26,323
up €26,323 (+55.3%), from €47,583 to €73,905
- Staff costs +€15,118
new in 2025: €15,118
- Taxes +€1,823
up €1,823 (+17.5%), from €10,401 to €12,224
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 | €80,775 | €88,451 | +€7,676 | +9.5% |
| Fixed assets | 21/28 | €16,071 | €13,696 | -€2,374 | -14.8% |
| Tangible fixed assets | 22/27 | €16,071 | €13,696 | -€2,374 | -14.8% |
| Plant, machinery and equipment | 23 | €10,228 | €8,954 | -€1,274 | -12.5% |
| Furniture and vehicles | 24 | €335 | €0 | -€335 | -100% |
| Other tangible fixed assets | 26 | €5,508 | €4,743 | -€765 | -13.9% |
| Current assets | 29/58 | €64,704 | €74,754 | +€10,050 | +15.5% |
| Amounts receivable within one year | 40/41 | €32,624 | €42,533 | +€9,909 | +30.4% |
| Trade receivables | 40 | €31,026 | €24,878 | -€6,149 | -19.8% |
| Other amounts receivable | 41 | €1,597 | €17,655 | +€16,058 | +1,005% |
| Cash at bank and in hand | 54/58 | €15,678 | €16,311 | +€633 | +4.0% |
| Deferred charges and accrued income | 490/1 | €16,403 | €15,910 | -€492 | -3.0% |
| Total equity and liabilities | 10/49 | €80,775 | €88,451 | +€7,676 | +9.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,175 | €69,851 | +€7,676 | +12.3% |
| Amounts payable within one year | 42/48 | €62,175 | €69,851 | +€7,676 | +12.3% |
| Trade debts | 44 | €15,516 | €17,534 | +€2,019 | +13.0% |
| Suppliers | 440/4 | €15,516 | €17,534 | +€2,019 | +13.0% |
| Taxes, remuneration and social security | 45 | €8,062 | €14,632 | +€6,570 | +81.5% |
| Taxes | 450/3 | €8,062 | €10,314 | +€2,252 | +27.9% |
| Remuneration and social security | 454/9 | €0 | €4,318 | +€4,318 | |
| Other amounts payable | 47/48 | €38,597 | €37,685 | -€913 | -2.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €15,118 | +€15,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,973 | €2,374 | -€598 | -20.1% |
| Other operating charges | 640/8 | €822 | €853 | +€31 | +3.7% |
| Gross operating margin | 9900 | €47,583 | €73,905 | +€26,323 | +55.3% |
| Operating profit (loss) | 9901 | €43,788 | €55,560 | +€11,772 | +26.9% |
| Financial income | 75/76B | €11 | €1 | -€10 | -90.7% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -90.7% |
| Financial charges | 65/66B | €3,558 | €3,082 | -€476 | -13.4% |
| Recurring financial charges | 65 | €3,558 | €3,082 | -€476 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €40,241 | €52,480 | +€12,239 | +30.4% |
| Income taxes | 67/77 | €10,401 | €12,224 | +€1,823 | +17.5% |
| Profit (loss) for the period | 9904 | €29,840 | €40,255 | +€10,415 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,840 | €40,255 | +€10,415 | +34.9% |
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 23 October 2026 via checked.be.