VREBO: what changed
Two fiscal 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.
VREBO
Largest movements
- Receivables within one year -€78,324
down €78,324 (-15.5%), from €505,862 to €427,538
- Cash +€6,019
up €6,019 (+210.7%), from €2,857 to €8,876
mainly Receivables within one year (+€78,324) and Net result for the year (+€18,003)
- Tax, wage and social debts -€80,308
down €80,308 (-60.3%), from €133,268 to €52,960
- Reserves +€18,003
up €18,003 (+5.9%), from €303,451 to €321,454
of which Distributable reserves: +€18,003
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Taxes -€137,910
down €137,910, from €129,093 to -€8,817
- Financial income -€2,565
down €2,565 (-15.0%), from €17,106 to €14,541
of which Financial income: -€2,565
- Financial charges +€2,239
up €2,239 (+7720.7%), from €29 to €2,268
- Gross operating margin -€844
down €844 (-37.6%), from -€2,243 to -€3,087
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.
Cash bridge derived
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 | €508,719 | €436,414 | -€72,305 | -14.2% |
| Current assets | 29/58 | €508,719 | €436,414 | -€72,305 | -14.2% |
| Amounts receivable within one year | 40/41 | €505,862 | €427,538 | -€78,324 | -15.5% |
| Other amounts receivable | 41 | €505,862 | €427,538 | -€78,324 | -15.5% |
| Cash at bank and in hand | 54/58 | €2,857 | €8,876 | +€6,019 | +210.7% |
| Total equity and liabilities | 10/49 | €508,719 | €436,414 | -€72,305 | -14.2% |
| Equity | 10/15 | €365,451 | €383,454 | +€18,003 | +4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €303,451 | €321,454 | +€18,003 | +5.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €297,251 | €315,254 | +€18,003 | +6.1% |
| Amounts payable | 17/49 | €143,268 | €52,960 | -€90,308 | -63.0% |
| Amounts payable within one year | 42/48 | €143,268 | €52,960 | -€90,308 | -63.0% |
| Taxes, remuneration and social security | 45 | €133,268 | €52,960 | -€80,308 | -60.3% |
| Taxes | 450/3 | €133,268 | €52,960 | -€80,308 | -60.3% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | -€2,243 | -€3,087 | -€844 | -37.6% |
| Operating profit (loss) | 9901 | -€2,243 | -€3,087 | -€844 | -37.6% |
| Financial income | 75/76B | €17,106 | €14,541 | -€2,565 | -15.0% |
| Recurring financial income | 75 | €17,106 | €14,541 | -€2,565 | -15.0% |
| Non-recurring financial income | 76B | €17,106 | €14,541 | -€2,565 | -15.0% |
| Financial charges | 65/66B | €29 | €2,268 | +€2,239 | +7720.7% |
| Recurring financial charges | 65 | €29 | €2,268 | +€2,239 | +7720.7% |
| Profit (loss) for the period before taxes | 9903 | €14,834 | €9,186 | -€5,648 | -38.1% |
| Transfer from deferred taxes | 780 | €107,578 | - | -€107,578 | |
| Income taxes | 67/77 | €129,093 | -€8,817 | -€137,910 | |
| Profit (loss) for the period | 9904 | -€6,681 | €18,003 | +€24,684 | |
| Transfer from tax-exempt reserves | 789 | €256,106 | - | -€256,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €249,425 | €18,003 | -€231,422 | -92.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.