VAVURE: 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.
VAVURE
Largest movements
- Receivables within one year -€57,932
down €57,932 (-45.2%), from €128,302 to €70,370
of which Trade receivables: -€53,779
- Cash +€36,276
up €36,276 (+291%), from €12,479 to €48,754
mainly Receivables within one year (+€57,932) and Net result for the year (+€21,831)
- Tangible fixed assets -€2,701
down €2,701 (-81.9%), from €3,299 to €598
of which Plant, machinery and equipment: -€2,026
- Trade debts -€34,278
no longer reported in 2025 (was €34,278)
- Profit (loss) carried forward +€21,831
up €21,831 (+26.4%), from €82,732 to €104,563
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€1,911
down €1,911 (-13.3%), from €14,320 to €12,409
of which Taxes: -€4,461
- Gross operating margin +€5,706
up €5,706 (+25.5%), from €22,381 to €28,087
- Taxes +€2,412
up €2,412 (+52.4%), from €4,599 to €7,011
- Depreciation -€1,188
down €1,188 (-30.5%), from €3,889 to €2,701
- Financial income +€933
up €933 (+26.3%), from €3,544 to €4,477
- Other operating charges +€345
up €345 (+77.9%), from €442 to €787
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 | €144,080 | €119,722 | -€24,358 | -16.9% |
| Fixed assets | 21/28 | €3,299 | €598 | -€2,701 | -81.9% |
| Tangible fixed assets | 22/27 | €3,299 | €598 | -€2,701 | -81.9% |
| Plant, machinery and equipment | 23 | €2,194 | €168 | -€2,026 | -92.3% |
| Furniture and vehicles | 24 | €1,104 | €429 | -€675 | -61.1% |
| Current assets | 29/58 | €140,781 | €119,125 | -€21,657 | -15.4% |
| Amounts receivable within one year | 40/41 | €128,302 | €70,370 | -€57,932 | -45.2% |
| Trade receivables | 40 | €53,976 | €197 | -€53,779 | -99.6% |
| Other amounts receivable | 41 | €74,326 | €70,174 | -€4,153 | -5.6% |
| Cash at bank and in hand | 54/58 | €12,479 | €48,754 | +€36,276 | +291% |
| Total equity and liabilities | 10/49 | €144,080 | €119,722 | -€24,358 | -16.9% |
| Equity | 10/15 | €85,482 | €107,313 | +€21,831 | +25.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,732 | €104,563 | +€21,831 | +26.4% |
| Amounts payable | 17/49 | €58,598 | €12,409 | -€46,189 | -78.8% |
| Amounts payable within one year | 42/48 | €58,598 | €12,409 | -€46,189 | -78.8% |
| Trade debts | 44 | €34,278 | - | -€34,278 | |
| Suppliers | 440/4 | €34,278 | - | -€34,278 | |
| Taxes, remuneration and social security | 45 | €14,320 | €12,409 | -€1,911 | -13.3% |
| Taxes | 450/3 | €10,920 | €6,459 | -€4,461 | -40.9% |
| Remuneration and social security | 454/9 | €3,400 | €5,950 | +€2,550 | +75.0% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €2,701 | -€1,188 | -30.5% |
| Other operating charges | 640/8 | €442 | €787 | +€345 | +77.9% |
| Gross operating margin | 9900 | €22,381 | €28,087 | +€5,706 | +25.5% |
| Operating profit (loss) | 9901 | €18,050 | €24,599 | +€6,550 | +36.3% |
| Financial income | 75/76B | €3,544 | €4,477 | +€933 | +26.3% |
| Recurring financial income | 75 | €3,544 | €4,477 | +€933 | +26.3% |
| Financial charges | 65/66B | €173 | €234 | +€61 | +35.3% |
| Recurring financial charges | 65 | €173 | €234 | +€61 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €21,420 | €28,841 | +€7,421 | +34.6% |
| Income taxes | 67/77 | €4,599 | €7,011 | +€2,412 | +52.4% |
| Profit (loss) for the period | 9904 | €16,822 | €21,831 | +€5,009 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,822 | €21,831 | +€5,009 | +29.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.