VABRO-Construct: 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.
VABRO-Construct
Largest movements
- Receivables within one year +€208,613
up €208,613 (+68.6%), from €304,270 to €512,882
of which Trade receivables: +€213,744
- Cash -€46,300
down €46,300 (-53.4%), from €86,716 to €40,416
mainly Receivables within one year (-€208,613) and Other debts (-€90,472)
- Deferred charges and accrued income +€29,840
up €29,840 (+250.9%), from €11,894 to €41,734
- Tangible fixed assets -€13,758
down €13,758 (-10.0%), from €137,598 to €123,840
of which Plant, machinery and equipment: -€9,764
- Current investments -€12,500
down €12,500 (-89.3%), from €14,000 to €1,500
- Profit (loss) carried forward +€216,102
new in 2024: €216,102
- Other debts -€90,472
down €90,472 (-88.2%), from €102,609 to €12,137
- Trade debts +€44,027
up €44,027 (+30.4%), from €144,950 to €188,977
- Current portion of long-term debt +€27,111
up €27,111 (+105.4%), from €25,712 to €52,823
- Debts after one year -€21,123
down €21,123 (-44.0%), from €47,969 to €26,847
- Gross operating margin +€260,425
up €260,425 (+69.3%), from €375,661 to €636,086
- Staff costs +€114,791
up €114,791 (+60.3%), from €190,261 to €305,052
- Taxes +€59,614
up €59,614 (+462.8%), from €12,881 to €72,495
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €606,977 | €772,872 | +€165,894 | +27.3% |
| Fixed assets | 21/28 | €142,098 | €128,340 | -€13,758 | -9.7% |
| Tangible fixed assets | 22/27 | €137,598 | €123,840 | -€13,758 | -10.0% |
| Land and buildings | 22 | - | €1,522 | +€1,522 | |
| Plant, machinery and equipment | 23 | €86,784 | €77,020 | -€9,764 | -11.3% |
| Furniture and vehicles | 24 | €49,743 | €44,414 | -€5,330 | -10.7% |
| Leasing and similar rights | 25 | €348 | €225 | -€123 | -35.3% |
| Other tangible fixed assets | 26 | €722 | €659 | -€63 | -8.8% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €464,879 | €644,532 | +€179,653 | +38.6% |
| Stocks and contracts in progress | 3 | €48,000 | €48,000 | = | 0.0% |
| Stocks | 30/36 | €48,000 | €48,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €304,270 | €512,882 | +€208,613 | +68.6% |
| Trade receivables | 40 | €265,913 | €479,657 | +€213,744 | +80.4% |
| Other amounts receivable | 41 | €38,356 | €33,225 | -€5,131 | -13.4% |
| Current investments | 50/53 | €14,000 | €1,500 | -€12,500 | -89.3% |
| Cash at bank and in hand | 54/58 | €86,716 | €40,416 | -€46,300 | -53.4% |
| Deferred charges and accrued income | 490/1 | €11,894 | €41,734 | +€29,840 | +250.9% |
| Total equity and liabilities | 10/49 | €606,977 | €772,872 | +€165,894 | +27.3% |
| Equity | 10/15 | €232,268 | €448,370 | +€216,102 | +93.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €226,068 | €226,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €224,208 | €224,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €216,102 | +€216,102 | |
| Amounts payable | 17/49 | €374,709 | €324,502 | -€50,208 | -13.4% |
| Amounts payable after more than one year | 17 | €47,969 | €26,847 | -€21,123 | -44.0% |
| Financial debts | 170/4 | €47,969 | €26,847 | -€21,123 | -44.0% |
| Amounts payable within one year | 42/48 | €326,740 | €297,655 | -€29,085 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €25,712 | €52,823 | +€27,111 | +105.4% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €144,950 | €188,977 | +€44,027 | +30.4% |
| Suppliers | 440/4 | €144,950 | €188,977 | +€44,027 | +30.4% |
| Taxes, remuneration and social security | 45 | €53,463 | €43,718 | -€9,745 | -18.2% |
| Taxes | 450/3 | €28,865 | €18,583 | -€10,282 | -35.6% |
| Remuneration and social security | 454/9 | €24,598 | €25,135 | +€537 | +2.2% |
| Other amounts payable | 47/48 | €102,609 | €12,137 | -€90,472 | -88.2% |
| Remuneration, social security and pensions | 62 | €190,261 | €305,052 | +€114,791 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,458 | €41,577 | +€6,120 | +17.3% |
| Other operating charges | 640/8 | €3,944 | €3,138 | -€806 | -20.4% |
| Gross operating margin | 9900 | €375,661 | €636,086 | +€260,425 | +69.3% |
| Operating profit (loss) | 9901 | €145,998 | €286,319 | +€140,320 | +96.1% |
| Financial income | 75/76B | €10,745 | €8,352 | -€2,393 | -22.3% |
| Recurring financial income | 75 | €10,745 | €6,499 | -€4,246 | -39.5% |
| Non-recurring financial income | 76B | - | €1,853 | +€1,853 | |
| Financial charges | 65/66B | €3,846 | €6,074 | +€2,227 | +57.9% |
| Recurring financial charges | 65 | €3,846 | €6,074 | +€2,227 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €152,897 | €288,597 | +€135,700 | +88.8% |
| Income taxes | 67/77 | €12,881 | €72,495 | +€59,614 | +462.8% |
| Profit (loss) for the period | 9904 | €140,017 | €216,102 | +€76,086 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,017 | €216,102 | +€76,086 | +54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.