Vapuri: 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.
Vapuri
Largest movements
- Cash -€49,539
down €49,539 (-57.2%), from €86,536 to €36,997
mainly Receivables within one year (-€31,042) and Trade debts (-€27,836)
- Receivables within one year +€31,042
up €31,042 (+28.2%), from €110,086 to €141,128
of which Trade receivables: +€37,438
- Tangible fixed assets -€28,780
down €28,780 (-12.9%), from €223,026 to €194,246
- Stocks and contracts +€20,584
up €20,584 (+52.8%), from €39,016 to €59,601
- Tax, wage and social debts +€39,703
up €39,703 (+685%), from €5,800 to €45,504
of which Remuneration and social security: +€37,076
- Trade debts -€27,836
down €27,836 (-18.8%), from €148,068 to €120,232
- Debts after one year -€17,063
down €17,063 (-12.5%), from €136,444 to €119,381
- Advances received -€16,503
down €16,503 (-63.5%), from €26,001 to €9,498
- Profit (loss) carried forward -€4,985
down €4,985 (-9.0%), from €55,397 to €50,412
- Gross operating margin -€11,633
down €11,633 (-33.0%), from €35,242 to €23,609
- Financial charges -€2,969
down €2,969 (-39.4%), from €7,541 to €4,572
- Depreciation -€1,173
down €1,173 (-4.7%), from €24,983 to €23,810
- Taxes -€751
down €751 (-83.3%), from €901 to €151
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 | €458,901 | €434,076 | -€24,825 | -5.4% |
| Fixed assets | 21/28 | €223,026 | €194,246 | -€28,780 | -12.9% |
| Tangible fixed assets | 22/27 | €223,026 | €194,246 | -€28,780 | -12.9% |
| Land and buildings | 22 | €168,547 | €156,853 | -€11,694 | -6.9% |
| Plant, machinery and equipment | 23 | €24,669 | €16,319 | -€8,350 | -33.8% |
| Furniture and vehicles | 24 | €20,901 | €15,129 | -€5,771 | -27.6% |
| Other tangible fixed assets | 26 | €8,910 | €5,945 | -€2,965 | -33.3% |
| Current assets | 29/58 | €235,874 | €239,830 | +€3,955 | +1.7% |
| Stocks and contracts in progress | 3 | €39,016 | €59,601 | +€20,584 | +52.8% |
| Stocks | 30/36 | €39,016 | €59,601 | +€20,584 | +52.8% |
| Amounts receivable within one year | 40/41 | €110,086 | €141,128 | +€31,042 | +28.2% |
| Trade receivables | 40 | €95,858 | €133,296 | +€37,438 | +39.1% |
| Other amounts receivable | 41 | €14,228 | €7,832 | -€6,396 | -45.0% |
| Cash at bank and in hand | 54/58 | €86,536 | €36,997 | -€49,539 | -57.2% |
| Deferred charges and accrued income | 490/1 | €236 | €2,104 | +€1,868 | +790% |
| Total equity and liabilities | 10/49 | €458,901 | €434,076 | -€24,825 | -5.4% |
| Equity | 10/15 | €75,802 | €70,817 | -€4,985 | -6.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,397 | €50,412 | -€4,985 | -9.0% |
| Amounts payable | 17/49 | €383,098 | €363,258 | -€19,840 | -5.2% |
| Amounts payable after more than one year | 17 | €136,444 | €119,381 | -€17,063 | -12.5% |
| Financial debts | 170/4 | €136,444 | €119,381 | -€17,063 | -12.5% |
| Amounts payable within one year | 42/48 | €246,654 | €243,877 | -€2,777 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €16,526 | €17,063 | +€537 | +3.3% |
| Trade debts | 44 | €148,068 | €120,232 | -€27,836 | -18.8% |
| Suppliers | 440/4 | €148,068 | €120,232 | -€27,836 | -18.8% |
| Advances received on contracts in progress | 46 | €26,001 | €9,498 | -€16,503 | -63.5% |
| Taxes, remuneration and social security | 45 | €5,800 | €45,504 | +€39,703 | +685% |
| Taxes | 450/3 | €1,318 | €3,946 | +€2,628 | +199% |
| Remuneration and social security | 454/9 | €4,482 | €41,557 | +€37,076 | +827% |
| Other amounts payable | 47/48 | €50,259 | €51,581 | +€1,322 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,983 | €23,810 | -€1,173 | -4.7% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €35,242 | €23,609 | -€11,633 | -33.0% |
| Operating profit (loss) | 9901 | €10,197 | -€263 | -€10,460 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.8% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.8% |
| Financial charges | 65/66B | €7,541 | €4,572 | -€2,969 | -39.4% |
| Recurring financial charges | 65 | €7,541 | €4,572 | -€2,969 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €2,676 | -€4,835 | -€7,511 | |
| Income taxes | 67/77 | €901 | €151 | -€751 | -83.3% |
| Profit (loss) for the period | 9904 | €1,775 | -€4,985 | -€6,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,775 | -€4,985 | -€6,761 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.