Vambrace: 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.
Vambrace
Largest movements
- Cash -€16,606
down €16,606 (-54.5%), from €30,476 to €13,870
mainly Contributions, distributions and other (-€114,991) and Receivables within one year (-€1,150)
- Tangible fixed assets -€1,934
down €1,934 (-38.7%), from €5,003 to €3,068
of which Plant, machinery and equipment: -€1,283
- Receivables within one year +€1,150
up €1,150 (+10.2%), from €11,253 to €12,403
- Receivables after one year +€728
up €728 (+2.8%), from €25,798 to €26,526
- Reserves -€63,518
no longer reported in 2025 (was €63,518)
- Other debts +€31,980
up €31,980 (+31980.2%), from €100 to €32,080
- Tax, wage and social debts +€10,195
up €10,195 (+149.8%), from €6,806 to €17,002
- Short-term financial debts +€5,874
new in 2025: €5,874
- Contributions -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin +€21,998
up €21,998 (+50.6%), from €43,464 to €65,462
- Taxes +€5,203
up €5,203 (+62.5%), from €8,328 to €13,531
- Depreciation -€2,605
down €2,605 (-57.4%), from €4,539 to €1,934
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 | €72,542 | €55,941 | -€16,602 | -22.9% |
| Fixed assets | 21/28 | €5,003 | €3,068 | -€1,934 | -38.7% |
| Tangible fixed assets | 22/27 | €5,003 | €3,068 | -€1,934 | -38.7% |
| Plant, machinery and equipment | 23 | €2,194 | €910 | -€1,283 | -58.5% |
| Furniture and vehicles | 24 | €2,809 | €2,158 | -€651 | -23.2% |
| Current assets | 29/58 | €67,540 | €52,872 | -€14,667 | -21.7% |
| Amounts receivable after more than one year | 29 | €25,798 | €26,526 | +€728 | +2.8% |
| Other amounts receivable | 291 | €25,798 | €26,526 | +€728 | +2.8% |
| Amounts receivable within one year | 40/41 | €11,253 | €12,403 | +€1,150 | +10.2% |
| Trade receivables | 40 | €11,253 | €12,403 | +€1,150 | +10.2% |
| Cash at bank and in hand | 54/58 | €30,476 | €13,870 | -€16,606 | -54.5% |
| Deferred charges and accrued income | 490/1 | €12 | €73 | +€61 | +505.8% |
| Total equity and liabilities | 10/49 | €72,542 | €55,941 | -€16,602 | -22.9% |
| Equity | 10/15 | €65,018 | - | -€65,018 | |
| Contributions | 10/11 | €1,500 | - | -€1,500 | |
| Reserves | 13 | €63,518 | - | -€63,518 | |
| Distributable reserves | 133 | €63,518 | - | -€63,518 | |
| Amounts payable | 17/49 | €7,524 | €55,941 | +€48,416 | +643.5% |
| Amounts payable within one year | 42/48 | €7,524 | €55,941 | +€48,416 | +643.5% |
| Financial debts | 43 | - | €5,874 | +€5,874 | |
| Credit institutions | 430/8 | - | €5,874 | +€5,874 | |
| Trade debts | 44 | €618 | €984 | +€366 | +59.2% |
| Suppliers | 440/4 | €618 | €984 | +€366 | +59.2% |
| Taxes, remuneration and social security | 45 | €6,806 | €17,002 | +€10,195 | +149.8% |
| Taxes | 450/3 | €6,806 | €17,002 | +€10,195 | +149.8% |
| Other amounts payable | 47/48 | €100 | €32,080 | +€31,980 | +31980.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,539 | €1,934 | -€2,605 | -57.4% |
| Other operating charges | 640/8 | €865 | €621 | -€244 | -28.2% |
| Gross operating margin | 9900 | €43,464 | €65,462 | +€21,998 | +50.6% |
| Operating profit (loss) | 9901 | €38,060 | €62,906 | +€24,846 | +65.3% |
| Financial income | 75/76B | €728 | €776 | +€48 | +6.6% |
| Recurring financial income | 75 | €728 | €776 | +€48 | +6.6% |
| Financial charges | 65/66B | €45 | €178 | +€133 | +296.4% |
| Recurring financial charges | 65 | €45 | €178 | +€133 | +296.4% |
| Profit (loss) for the period before taxes | 9903 | €38,743 | €63,504 | +€24,760 | +63.9% |
| Income taxes | 67/77 | €8,328 | €13,531 | +€5,203 | +62.5% |
| Profit (loss) for the period | 9904 | €30,416 | €49,973 | +€19,557 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,416 | €49,973 | +€19,557 | +64.3% |
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 5 October 2026 via checked.be.