Vabumo: 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.
Vabumo
Largest movements
- Cash +€40,950
up €40,950 (+25.5%), from €160,371 to €201,321
mainly Net result for the year (+€34,937) and Receivables within one year (+€11,888)
- Receivables within one year -€11,888
down €11,888 (-96.7%), from €12,293 to €406
of which Trade receivables: -€12,293
- Reserves +€34,937
up €34,937 (+22.8%), from €153,227 to €188,163
- Tax, wage and social debts -€5,386
down €5,386 (-36.9%), from €14,580 to €9,194
of which Taxes: -€5,406
- Gross operating margin -€15,680
down €15,680 (-23.4%), from €67,076 to €51,396
- Taxes -€3,333
down €3,333 (-20.9%), from €15,928 to €12,594
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 | €174,751 | €205,414 | +€30,663 | +17.5% |
| Fixed assets | 21/28 | €1,680 | €1,260 | -€419 | -25.0% |
| Tangible fixed assets | 22/27 | €1,680 | €1,260 | -€419 | -25.0% |
| Plant, machinery and equipment | 23 | €1,680 | €1,260 | -€419 | -25.0% |
| Current assets | 29/58 | €173,071 | €204,153 | +€31,082 | +18.0% |
| Amounts receivable within one year | 40/41 | €12,293 | €406 | -€11,888 | -96.7% |
| Trade receivables | 40 | €12,293 | - | -€12,293 | |
| Other amounts receivable | 41 | - | €406 | +€406 | |
| Cash at bank and in hand | 54/58 | €160,371 | €201,321 | +€40,950 | +25.5% |
| Deferred charges and accrued income | 490/1 | €407 | €2,427 | +€2,020 | +496% |
| Total equity and liabilities | 10/49 | €174,751 | €205,414 | +€30,663 | +17.5% |
| Equity | 10/15 | €159,427 | €194,363 | +€34,937 | +21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €153,227 | €188,163 | +€34,937 | +22.8% |
| Distributable reserves | 133 | €153,227 | €188,163 | +€34,937 | +22.8% |
| Amounts payable | 17/49 | €15,324 | €11,050 | -€4,274 | -27.9% |
| Amounts payable within one year | 42/48 | €15,324 | €11,050 | -€4,274 | -27.9% |
| Trade debts | 44 | €744 | €1,856 | +€1,113 | +150% |
| Suppliers | 440/4 | €744 | €1,856 | +€1,113 | +150% |
| Taxes, remuneration and social security | 45 | €14,580 | €9,194 | -€5,386 | -36.9% |
| Taxes | 450/3 | €12,392 | €6,986 | -€5,406 | -43.6% |
| Remuneration and social security | 454/9 | €2,188 | €2,208 | +€20 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €419 | +€2 | +0.5% |
| Other operating charges | 640/8 | €619 | €859 | +€240 | +38.7% |
| Gross operating margin | 9900 | €67,076 | €51,396 | -€15,680 | -23.4% |
| Operating profit (loss) | 9901 | €66,040 | €50,118 | -€15,922 | -24.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,676 | €2,587 | -€89 | -3.3% |
| Recurring financial charges | 65 | €2,676 | €2,587 | -€89 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €63,364 | €47,531 | -€15,833 | -25.0% |
| Income taxes | 67/77 | €15,928 | €12,594 | -€3,333 | -20.9% |
| Profit (loss) for the period | 9904 | €47,436 | €34,937 | -€12,499 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,436 | €34,937 | -€12,499 | -26.3% |
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 24 October 2026 via checked.be.