VAUBAN GROUP: what changed
VAUBAN GROUP
Largest movements
- Receivables within one year +€48,327
up €48,327 (+36.3%), from €133,306 to €181,634
of which Other amounts receivable: +€28,577
- Other debts +€49,613
up €49,613 (+9.8%), from €505,657 to €555,270
- Profit (loss) carried forward +€37,430
up €37,430 (+66.2%), from -€56,504 to -€19,075
- Trade debts -€33,373
down €33,373 (-92.2%), from €36,193 to €2,820
- Gross operating margin +€48,490
up €48,490, from -€9,570 to €38,920
- Financial charges -€25,598
down €25,598 (-98.7%), from €25,944 to €346
- Financial income -€3,274
down €3,274 (-100.0%), from €3,274 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €860,449 | €914,015 | +€53,566 | +6.2% |
| Fixed assets | 21/28 | €726,260 | €725,555 | -€705 | -0.1% |
| Intangible fixed assets | 21 | €1,260 | €555 | -€705 | -55.9% |
| Financial fixed assets | 28 | €725,000 | €725,000 | = | 0.0% |
| Current assets | 29/58 | €134,189 | €188,460 | +€54,271 | +40.4% |
| Amounts receivable within one year | 40/41 | €133,306 | €181,634 | +€48,327 | +36.3% |
| Trade receivables | 40 | €30,250 | €50,000 | +€19,750 | +65.3% |
| Other amounts receivable | 41 | €103,056 | €131,634 | +€28,577 | +27.7% |
| Cash at bank and in hand | 54/58 | €41 | €6,826 | +€6,785 | +16,501% |
| Deferred charges and accrued income | 490/1 | €841 | - | -€841 | |
| Total equity and liabilities | 10/49 | €860,449 | €914,015 | +€53,566 | +6.2% |
| Equity | 10/15 | €318,496 | €355,925 | +€37,430 | +11.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,504 | -€19,075 | +€37,430 | +66.2% |
| Amounts payable | 17/49 | €541,954 | €558,090 | +€16,136 | +3.0% |
| Amounts payable within one year | 42/48 | €541,851 | €558,090 | +€16,239 | +3.0% |
| Trade debts | 44 | €36,193 | €2,820 | -€33,373 | -92.2% |
| Suppliers | 440/4 | €36,193 | €2,820 | -€33,373 | -92.2% |
| Other amounts payable | 47/48 | €505,657 | €555,270 | +€49,613 | +9.8% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €705 | +€282 | +66.7% |
| Other operating charges | 640/8 | €348 | €440 | +€92 | +26.5% |
| Gross operating margin | 9900 | -€9,570 | €38,920 | +€48,490 | |
| Operating profit (loss) | 9901 | -€10,340 | €37,776 | +€48,116 | |
| Financial income | 75/76B | €3,274 | €0 | -€3,274 | -100.0% |
| Recurring financial income | 75 | €3,274 | €0 | -€3,274 | -100.0% |
| Financial charges | 65/66B | €25,944 | €346 | -€25,598 | -98.7% |
| Recurring financial charges | 65 | €25,944 | €346 | -€25,598 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,009 | €37,430 | +€70,439 | |
| Profit (loss) for the period | 9904 | -€33,009 | €37,430 | +€70,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,009 | €37,430 | +€70,439 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.