VABRUMEL DEVELOPMENT: 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.
VABRUMEL DEVELOPMENT
Largest movements
- Current investments +€111,992
up €111,992 (+62.9%), from €178,140 to €290,131
- Cash -€87,098
down €87,098 (-3.4%), from €2.5m to €2.5m
mainly Current investments (-€111,992) and Deferred charges and accrued income (-€40,498)
- Accrued charges and deferred income +€90,679
up €90,679 (+140.7%), from €64,450 to €155,129
No income-statement line moved by more than 1% of the activity.
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 | €4,800,142 | €4,865,045 | +€64,903 | +1.4% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Affiliated companies | 280/1 | €300,000 | €300,000 | = | 0.0% |
| Participating interests | 280 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €4,500,142 | €4,565,045 | +€64,903 | +1.4% |
| Amounts receivable after more than one year | 29 | €1,204,836 | €1,204,836 | = | 0.0% |
| Other amounts receivable | 291 | €1,204,836 | €1,204,836 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,489 | €54,000 | -€489 | -0.9% |
| Other amounts receivable | 41 | €54,489 | €54,000 | -€489 | -0.9% |
| Current investments | 50/53 | €178,140 | €290,131 | +€111,992 | +62.9% |
| Other investments | 51/53 | €178,140 | €290,131 | +€111,992 | +62.9% |
| Cash at bank and in hand | 54/58 | €2,541,930 | €2,454,833 | -€87,098 | -3.4% |
| Deferred charges and accrued income | 490/1 | €520,748 | €561,245 | +€40,498 | +7.8% |
| Total equity and liabilities | 10/49 | €4,800,142 | €4,865,045 | +€64,903 | +1.4% |
| Equity | 10/15 | €4,710,715 | €4,695,978 | -€14,737 | -0.3% |
| Contributions | 10/11 | €13,348,600 | €13,348,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,637,885 | -€8,652,622 | -€14,737 | -0.2% |
| Amounts payable | 17/49 | €89,428 | €169,068 | +€79,640 | +89.1% |
| Amounts payable within one year | 42/48 | €24,978 | €13,939 | -€11,039 | -44.2% |
| Trade debts | 44 | €19,639 | €8,600 | -€11,039 | -56.2% |
| Suppliers | 440/4 | €19,639 | €8,600 | -€11,039 | -56.2% |
| Other amounts payable | 47/48 | €5,339 | €5,339 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €64,450 | €155,129 | +€90,679 | +140.7% |
| Operating charges | 60/66A | €52,700 | €51,127 | -€1,573 | -3.0% |
| Services and other goods | 61 | €51,733 | €50,129 | -€1,604 | -3.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€52,700 | -€51,127 | +€1,573 | +3.0% |
| Financial income | 75/76B | €332,873 | €332,983 | +€111 | 0.0% |
| Recurring financial income | 75 | €328,522 | €332,983 | +€4,461 | +1.4% |
| Income from current assets | 751 | €328,522 | €332,983 | +€4,461 | +1.4% |
| Non-recurring financial income | 76B | €4,350 | - | -€4,350 | |
| Financial charges | 65/66B | €291,183 | €296,105 | +€4,922 | +1.7% |
| Recurring financial charges | 65 | €291,183 | €296,105 | +€4,922 | +1.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €288,763 | €293,224 | +€4,461 | +1.5% |
| Other financial charges | 652/9 | €2,420 | €2,881 | +€461 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,010 | -€14,248 | -€3,238 | -29.4% |
| Income taxes | 67/77 | - | €489 | +€489 | |
| Taxes | 670/3 | - | €489 | +€489 | |
| Profit (loss) for the period | 9904 | -€11,010 | -€14,737 | -€3,727 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,010 | -€14,737 | -€3,727 | -33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.