VAJEBO: 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.
VAJEBO
Largest movements
- Cash +€74,262
up €74,262 (+940%), from €7,897 to €82,159
mainly Receivables after one year (+€70,000) and Net result for the year (+€25,509)
- Receivables after one year -€70,000
down €70,000 (-100%), from €70,000 to €0
- Receivables within one year +€15,027
up €15,027 (+84.7%), from €17,732 to €32,759
of which Trade receivables: +€12,911
- Tangible fixed assets -€9,004
down €9,004 (-34.4%), from €26,178 to €17,174
- Reserves +€24,676
up €24,676 (+53.1%), from €46,495 to €71,171
- Debts after one year -€22,354
down €22,354 (-26.7%), from €83,830 to €61,477
of which Other amounts payable: -€15,354
- Trade debts +€12,306
up €12,306 (+1,248%), from €986 to €13,292
- Current portion of long-term debt -€7,000
down €7,000 (-50.0%), from €14,000 to €7,000
- Tax, wage and social debts +€3,712
up €3,712 (+61.3%), from €6,057 to €9,769
- Gross operating margin -€8,574
down €8,574 (-14.4%), from €59,705 to €51,132
- Taxes -€2,991
down €2,991 (-19.5%), from €15,347 to €12,356
- Financial income +€1,025
up €1,025 (+95.1%), from €1,078 to €2,103
- Financial charges +€926
up €926 (+30.4%), from €3,047 to €3,973
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 | €173,602 | €184,229 | +€10,627 | +6.1% |
| Fixed assets | 21/28 | €76,178 | €67,174 | -€9,004 | -11.8% |
| Tangible fixed assets | 22/27 | €26,178 | €17,174 | -€9,004 | -34.4% |
| Furniture and vehicles | 24 | €26,178 | €17,174 | -€9,004 | -34.4% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €97,424 | €117,054 | +€19,631 | +20.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €0 | -€70,000 | -100% |
| Trade receivables | 290 | €70,000 | €0 | -€70,000 | -100% |
| Amounts receivable within one year | 40/41 | €17,732 | €32,759 | +€15,027 | +84.7% |
| Trade receivables | 40 | €15,478 | €28,389 | +€12,911 | +83.4% |
| Other amounts receivable | 41 | €2,253 | €4,370 | +€2,116 | +93.9% |
| Cash at bank and in hand | 54/58 | €7,897 | €82,159 | +€74,262 | +940% |
| Deferred charges and accrued income | 490/1 | €1,795 | €2,137 | +€342 | +19.0% |
| Total equity and liabilities | 10/49 | €173,602 | €184,229 | +€10,627 | +6.1% |
| Equity | 10/15 | €65,095 | €89,771 | +€24,676 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,495 | €71,171 | +€24,676 | +53.1% |
| Distributable reserves | 133 | €46,495 | €71,171 | +€24,676 | +53.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,507 | €94,457 | -€14,050 | -12.9% |
| Amounts payable after more than one year | 17 | €83,830 | €61,477 | -€22,354 | -26.7% |
| Financial debts | 170/4 | €14,000 | €7,000 | -€7,000 | -50.0% |
| Other amounts payable | 178/9 | €69,830 | €54,477 | -€15,354 | -22.0% |
| Amounts payable within one year | 42/48 | €23,151 | €32,981 | +€9,830 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €7,000 | -€7,000 | -50.0% |
| Trade debts | 44 | €986 | €13,292 | +€12,306 | +1,248% |
| Suppliers | 440/4 | €986 | €13,292 | +€12,306 | +1,248% |
| Taxes, remuneration and social security | 45 | €6,057 | €9,769 | +€3,712 | +61.3% |
| Taxes | 450/3 | €6,057 | €9,769 | +€3,712 | +61.3% |
| Other amounts payable | 47/48 | €2,108 | €2,919 | +€811 | +38.5% |
| Accrued charges and deferred income | 492/3 | €1,525 | €0 | -€1,525 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,933 | €9,004 | +€71 | +0.8% |
| Other operating charges | 640/8 | €1,050 | €1,513 | +€463 | +44.1% |
| Non-recurring operating charges | 66A | - | €880 | +€880 | |
| Gross operating margin | 9900 | €59,705 | €51,132 | -€8,574 | -14.4% |
| Operating profit (loss) | 9901 | €49,723 | €39,735 | -€9,988 | -20.1% |
| Financial income | 75/76B | €1,078 | €2,103 | +€1,025 | +95.1% |
| Recurring financial income | 75 | €1,078 | €2,103 | +€1,025 | +95.1% |
| Financial charges | 65/66B | €3,047 | €3,973 | +€926 | +30.4% |
| Recurring financial charges | 65 | €3,047 | €3,973 | +€926 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €47,754 | €37,865 | -€9,889 | -20.7% |
| Income taxes | 67/77 | €15,347 | €12,356 | -€2,991 | -19.5% |
| Profit (loss) for the period | 9904 | €32,407 | €25,509 | -€6,898 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,407 | €25,509 | -€6,898 | -21.3% |
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 13 October 2026 via checked.be.