VABRISTONE: 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.
VABRISTONE
Largest movements
- Cash -€12,568
down €12,568 (-79.6%), from €15,789 to €3,221
mainly Trade debts (-€12,164) and Net result for the year (-€5,062)
- Receivables within one year -€10,703
down €10,703 (-36.4%), from €29,425 to €18,722
of which Other amounts receivable: -€9,718
- Trade debts -€12,164
down €12,164 (-92.1%), from €13,202 to €1,039
- Profit (loss) carried forward -€5,062
down €5,062 (-100%), from -€5,056 to -€10,119
- Debts after one year -€4,491
down €4,491 (-100%), from €4,491 to €0
of which Financial debts: -€4,491
- Current portion of long-term debt -€1,981
down €1,981 (-30.6%), from €6,472 to €4,491
- Gross operating margin +€5,338
up €5,338 (+72.8%), from -€7,334 to -€1,996
- Financial charges +€1,341
up €1,341 (+104%), from €1,286 to €2,627
- Taxes -€181
down €181 (-100%), from €181 to €0
- Other operating charges -€109
down €109 (-13.7%), from €795 to €686
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 | €46,048 | €22,650 | -€23,398 | -50.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €46,048 | €22,650 | -€23,398 | -50.8% |
| Amounts receivable within one year | 40/41 | €29,425 | €18,722 | -€10,703 | -36.4% |
| Trade receivables | 40 | €12,675 | €11,690 | -€985 | -7.8% |
| Other amounts receivable | 41 | €16,750 | €7,031 | -€9,718 | -58.0% |
| Cash at bank and in hand | 54/58 | €15,789 | €3,221 | -€12,568 | -79.6% |
| Deferred charges and accrued income | 490/1 | €834 | €707 | -€127 | -15.3% |
| Total equity and liabilities | 10/49 | €46,048 | €22,650 | -€23,398 | -50.8% |
| Equity | 10/15 | €19,944 | €14,881 | -€5,062 | -25.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€5,056 | -€10,119 | -€5,062 | -100% |
| Amounts payable | 17/49 | €26,105 | €7,769 | -€18,336 | -70.2% |
| Amounts payable after more than one year | 17 | €4,491 | €0 | -€4,491 | -100% |
| Financial debts | 170/4 | €4,491 | €0 | -€4,491 | -100% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €21,614 | €7,769 | -€13,845 | -64.1% |
| Current portion of amounts payable after more than one year | 42 | €6,472 | €4,491 | -€1,981 | -30.6% |
| Trade debts | 44 | €13,202 | €1,039 | -€12,164 | -92.1% |
| Suppliers | 440/4 | €13,202 | €1,039 | -€12,164 | -92.1% |
| Taxes, remuneration and social security | 45 | €181 | €535 | +€354 | +195% |
| Taxes | 450/3 | €181 | €535 | +€354 | +195% |
| Other amounts payable | 47/48 | €1,759 | €1,705 | -€54 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €795 | €686 | -€109 | -13.7% |
| Non-recurring operating charges | 66A | €6,100 | €0 | -€6,100 | -100% |
| Gross operating margin | 9900 | -€7,334 | -€1,996 | +€5,338 | +72.8% |
| Operating profit (loss) | 9901 | -€14,229 | -€2,683 | +€11,547 | +81.1% |
| Financial income | 75/76B | €196 | €247 | +€51 | +26.2% |
| Recurring financial income | 75 | €196 | €247 | +€51 | +26.2% |
| Financial charges | 65/66B | €1,286 | €2,627 | +€1,341 | +104% |
| Recurring financial charges | 65 | €1,286 | €2,627 | +€1,341 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€15,320 | -€5,062 | +€10,257 | +67.0% |
| Income taxes | 67/77 | €181 | €0 | -€181 | -100% |
| Profit (loss) for the period | 9904 | -€15,501 | -€5,062 | +€10,438 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,501 | -€5,062 | +€10,438 | +67.3% |
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 21 October 2026 via checked.be.