VAWYBO: 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.
VAWYBO
Largest movements
- Receivables within one year +€28,757
up €28,757 (+18.9%), from €152,246 to €181,003
of which Other amounts receivable: +€26,907
- Current investments +€14,089
up €14,089 (+6.0%), from €234,706 to €248,795
- Reserves +€48,164
up €48,164 (+4.2%), from €1.1m to €1.2m
of which Distributable reserves: +€48,164
- Gross operating margin -€11,711
down €11,711 (-20.3%), from €57,555 to €45,845
- Financial income +€5,722
up €5,722 (+22.8%), from €25,118 to €30,840
- Taxes -€1,536
down €1,536 (-5.7%), from €27,042 to €25,506
- Depreciation +€905
up €905 (+1,133%), from €80 to €985
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 | €1,170,291 | €1,219,301 | +€49,010 | +4.2% |
| Fixed assets | 21/28 | €861 | €6,474 | +€5,613 | +652% |
| Tangible fixed assets | 22/27 | €861 | €6,474 | +€5,613 | +652% |
| Furniture and vehicles | 24 | €861 | €6,474 | +€5,613 | +652% |
| Current assets | 29/58 | €1,169,430 | €1,212,827 | +€43,397 | +3.7% |
| Amounts receivable after more than one year | 29 | €720,000 | €720,000 | = | 0.0% |
| Other amounts receivable | 291 | €720,000 | €720,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,246 | €181,003 | +€28,757 | +18.9% |
| Trade receivables | 40 | €22,830 | €24,680 | +€1,850 | +8.1% |
| Other amounts receivable | 41 | €129,416 | €156,323 | +€26,907 | +20.8% |
| Current investments | 50/53 | €234,706 | €248,795 | +€14,089 | +6.0% |
| Cash at bank and in hand | 54/58 | €31,001 | €35,500 | +€4,499 | +14.5% |
| Deferred charges and accrued income | 490/1 | €31,477 | €27,529 | -€3,948 | -12.5% |
| Total equity and liabilities | 10/49 | €1,170,291 | €1,219,301 | +€49,010 | +4.2% |
| Equity | 10/15 | €1,159,841 | €1,208,005 | +€48,164 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,139,841 | €1,188,005 | +€48,164 | +4.2% |
| Non-distributable reserves | 130/1 | €14,150 | €14,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,150 | €14,150 | = | 0.0% |
| Distributable reserves | 133 | €1,125,691 | €1,173,855 | +€48,164 | +4.3% |
| Amounts payable | 17/49 | €10,450 | €11,296 | +€846 | +8.1% |
| Amounts payable within one year | 42/48 | €10,020 | €10,725 | +€706 | +7.0% |
| Trade debts | 44 | €1,374 | €2,664 | +€1,290 | +93.9% |
| Suppliers | 440/4 | €1,374 | €2,664 | +€1,290 | +93.9% |
| Taxes, remuneration and social security | 45 | €8,645 | €8,061 | -€584 | -6.8% |
| Taxes | 450/3 | €8,645 | €8,061 | -€584 | -6.8% |
| Accrued charges and deferred income | 492/3 | €430 | €571 | +€141 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | €985 | +€905 | +1,133% |
| Other operating charges | 640/8 | €1,773 | €2,031 | +€258 | +14.5% |
| Gross operating margin | 9900 | €57,555 | €45,845 | -€11,711 | -20.3% |
| Operating profit (loss) | 9901 | €55,702 | €42,829 | -€12,873 | -23.1% |
| Financial income | 75/76B | €25,118 | €30,840 | +€5,722 | +22.8% |
| Recurring financial income | 75 | €25,118 | €30,840 | +€5,722 | +22.8% |
| Financial charges | 65/66B | -€436 | €0 | +€436 | |
| Recurring financial charges | 65 | -€436 | €0 | +€436 | |
| Profit (loss) for the period before taxes | 9903 | €81,256 | €73,670 | -€7,586 | -9.3% |
| Income taxes | 67/77 | €27,042 | €25,506 | -€1,536 | -5.7% |
| Profit (loss) for the period | 9904 | €54,213 | €48,164 | -€6,050 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,213 | €48,164 | -€6,050 | -11.2% |
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 25 October 2026 via checked.be.