VOBRA: 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.
VOBRA
Largest movements
- Tangible fixed assets -€6,110
down €6,110 (-49.9%), from €12,233 to €6,123
of which Furniture and vehicles: -€5,637
- Receivables within one year +€3,431
up €3,431 (+22.6%), from €15,157 to €18,588
of which Other amounts receivable: +€2,141
- Cash +€2,829
up €2,829 (+2.5%), from €111,636 to €114,465
mainly Net result for the year (+€6,173) and Depreciation (+€6,110)
- Reserves +€6,173
up €6,173 (+5.2%), from €118,961 to €125,134
of which Distributable reserves: +€6,173
- Tax, wage and social debts -€2,993
down €2,993 (-55.3%), from €5,412 to €2,419
- Trade debts -€2,508
down €2,508 (-50.9%), from €4,929 to €2,420
- Gross operating margin -€2,594
down €2,594 (-14.3%), from €18,091 to €15,497
- Depreciation -€1,847
down €1,847 (-23.2%), from €7,957 to €6,110
- Taxes -€664
down €664 (-13.0%), from €5,122 to €4,459
- Financial income +€466
up €466 (+33.5%), from €1,394 to €1,861
- Financial charges -€272
down €272 (-73.9%), from €368 to €96
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 | €141,702 | €142,374 | +€672 | +0.5% |
| Fixed assets | 21/28 | €12,233 | €6,123 | -€6,110 | -49.9% |
| Tangible fixed assets | 22/27 | €12,233 | €6,123 | -€6,110 | -49.9% |
| Plant, machinery and equipment | 23 | €911 | €438 | -€473 | -51.9% |
| Furniture and vehicles | 24 | €11,321 | €5,684 | -€5,637 | -49.8% |
| Current assets | 29/58 | €129,469 | €136,252 | +€6,782 | +5.2% |
| Stocks and contracts in progress | 3 | €2,676 | €3,198 | +€522 | +19.5% |
| Stocks | 30/36 | €2,676 | €3,198 | +€522 | +19.5% |
| Amounts receivable within one year | 40/41 | €15,157 | €18,588 | +€3,431 | +22.6% |
| Trade receivables | 40 | €0 | €1,291 | +€1,291 | |
| Other amounts receivable | 41 | €15,157 | €17,297 | +€2,141 | +14.1% |
| Cash at bank and in hand | 54/58 | €111,636 | €114,465 | +€2,829 | +2.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €141,702 | €142,374 | +€672 | +0.5% |
| Equity | 10/15 | €131,362 | €137,535 | +€6,173 | +4.7% |
| Contributions | 10/11 | €12,401 | €12,401 | = | 0.0% |
| Reserves | 13 | €118,961 | €125,134 | +€6,173 | +5.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €118,961 | €125,134 | +€6,173 | +5.2% |
| Amounts payable | 17/49 | €10,340 | €4,839 | -€5,501 | -53.2% |
| Amounts payable within one year | 42/48 | €10,340 | €4,839 | -€5,501 | -53.2% |
| Trade debts | 44 | €4,929 | €2,420 | -€2,508 | -50.9% |
| Suppliers | 440/4 | €4,929 | €2,420 | -€2,508 | -50.9% |
| Taxes, remuneration and social security | 45 | €5,412 | €2,419 | -€2,993 | -55.3% |
| Taxes | 450/3 | €5,412 | €2,419 | -€2,993 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,957 | €6,110 | -€1,847 | -23.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €18,091 | €15,497 | -€2,594 | -14.3% |
| Operating profit (loss) | 9901 | €9,628 | €8,867 | -€761 | -7.9% |
| Financial income | 75/76B | €1,394 | €1,861 | +€466 | +33.5% |
| Recurring financial income | 75 | €1,394 | €1,861 | +€466 | +33.5% |
| Financial charges | 65/66B | €368 | €96 | -€272 | -73.9% |
| Recurring financial charges | 65 | €368 | €96 | -€272 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €10,654 | €10,632 | -€23 | -0.2% |
| Income taxes | 67/77 | €5,122 | €4,459 | -€664 | -13.0% |
| Profit (loss) for the period | 9904 | €5,532 | €6,173 | +€641 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,532 | €6,173 | +€641 | +11.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.