VABRIT: 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.
VABRIT
Largest movements
- Cash +€17,792
up €17,792 (+21.0%), from €84,551 to €102,343
mainly Net result for the year (+€32,369) and Depreciation (+€10,934)
- Current investments +€12,750
new in 2025: €12,750
- Tangible fixed assets -€10,420
down €10,420 (-27.7%), from €37,551 to €27,132
- Receivables within one year -€1,792
down €1,792 (-10.6%), from €16,940 to €15,148
of which Trade receivables: -€2,376
- Profit (loss) carried forward +€32,369
up €32,369 (+37.9%), from €85,472 to €117,841
- Debts after one year -€11,954
down €11,954 (-59.6%), from €20,056 to €8,101
- Accrued charges and deferred income -€2,125
no longer reported in 2025 (was €2,125)
- Gross operating margin -€41,459
down €41,459 (-40.4%), from €102,562 to €61,103
- Taxes +€18,023
new in 2025: €18,023
- Depreciation -€4,388
down €4,388 (-28.6%), from €15,322 to €10,934
- Financial income +€1,336
up €1,336 (+1138.2%), from €117 to €1,454
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 | €139,810 | €157,626 | +€17,816 | +12.7% |
| Formation expenses | 20 | €768 | €254 | -€514 | -66.9% |
| Fixed assets | 21/28 | €37,551 | €27,132 | -€10,420 | -27.7% |
| Tangible fixed assets | 22/27 | €37,551 | €27,132 | -€10,420 | -27.7% |
| Furniture and vehicles | 24 | €37,551 | €27,132 | -€10,420 | -27.7% |
| Current assets | 29/58 | €101,491 | €130,240 | +€28,750 | +28.3% |
| Amounts receivable within one year | 40/41 | €16,940 | €15,148 | -€1,792 | -10.6% |
| Trade receivables | 40 | €16,940 | €14,564 | -€2,376 | -14.0% |
| Other amounts receivable | 41 | €0 | €584 | +€584 | |
| Current investments | 50/53 | - | €12,750 | +€12,750 | |
| Cash at bank and in hand | 54/58 | €84,551 | €102,343 | +€17,792 | +21.0% |
| Total equity and liabilities | 10/49 | €139,810 | €157,626 | +€17,816 | +12.7% |
| Equity | 10/15 | €95,472 | €127,841 | +€32,369 | +33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,472 | €117,841 | +€32,369 | +37.9% |
| Amounts payable | 17/49 | €44,338 | €29,785 | -€14,553 | -32.8% |
| Amounts payable after more than one year | 17 | €20,056 | €8,101 | -€11,954 | -59.6% |
| Financial debts | 170/4 | €20,056 | €8,101 | -€11,954 | -59.6% |
| Amounts payable within one year | 42/48 | €22,157 | €21,683 | -€474 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €11,721 | €11,954 | +€233 | +2.0% |
| Trade debts | 44 | €938 | €624 | -€314 | -33.5% |
| Suppliers | 440/4 | €938 | €624 | -€314 | -33.5% |
| Taxes, remuneration and social security | 45 | €9,498 | €9,105 | -€393 | -4.1% |
| Taxes | 450/3 | €9,498 | €9,105 | -€393 | -4.1% |
| Accrued charges and deferred income | 492/3 | €2,125 | - | -€2,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,322 | €10,934 | -€4,388 | -28.6% |
| Other operating charges | 640/8 | €700 | €141 | -€559 | -79.9% |
| Gross operating margin | 9900 | €102,562 | €61,103 | -€41,459 | -40.4% |
| Operating profit (loss) | 9901 | €86,540 | €50,029 | -€36,511 | -42.2% |
| Financial income | 75/76B | €117 | €1,454 | +€1,336 | +1138.2% |
| Recurring financial income | 75 | €117 | €1,454 | +€1,336 | +1138.2% |
| Financial charges | 65/66B | €1,185 | €1,090 | -€95 | -8.0% |
| Recurring financial charges | 65 | €1,185 | €1,090 | -€95 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €85,472 | €50,392 | -€35,080 | -41.0% |
| Income taxes | 67/77 | - | €18,023 | +€18,023 | |
| Profit (loss) for the period | 9904 | €85,472 | €32,369 | -€53,103 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,472 | €32,369 | -€53,103 | -62.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.