VREBOS K.: 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.
"VREBOS K."
Largest movements
- Tangible fixed assets +€64,197
up €64,197 (+110%), from €58,290 to €122,487
of which Furniture and vehicles: +€40,562
- Cash +€13,443
up €13,443 (+43.1%), from €31,226 to €44,669
mainly Debts after one year (+€37,557) and Net result for the year (+€34,911)
- Receivables within one year +€3,938
up €3,938 (+38.0%), from €10,351 to €14,289
of which Other amounts receivable: +€3,604
- Debts after one year +€37,557
new in 2025: €37,557
- Reserves +€34,911
up €34,911 (+52.3%), from €66,723 to €101,634
- Current portion of long-term debt +€9,671
new in 2025: €9,671
- Gross operating margin +€34,150
up €34,150 (+78.9%), from €43,293 to €77,443
- Depreciation +€12,464
up €12,464 (+75.2%), from €16,579 to €29,043
- Taxes +€3,628
up €3,628 (+58.1%), from €6,243 to €9,871
- Financial charges +€1,283
up €1,283 (+76.9%), from €1,669 to €2,952
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 | €99,867 | €181,445 | +€81,577 | +81.7% |
| Fixed assets | 21/28 | €58,290 | €122,487 | +€64,197 | +110% |
| Tangible fixed assets | 22/27 | €58,290 | €122,487 | +€64,197 | +110% |
| Plant, machinery and equipment | 23 | €42,735 | €66,370 | +€23,635 | +55.3% |
| Furniture and vehicles | 24 | €15,555 | €56,117 | +€40,562 | +261% |
| Current assets | 29/58 | €41,577 | €58,957 | +€17,381 | +41.8% |
| Amounts receivable within one year | 40/41 | €10,351 | €14,289 | +€3,938 | +38.0% |
| Trade receivables | 40 | €4,991 | €5,325 | +€334 | +6.7% |
| Other amounts receivable | 41 | €5,360 | €8,964 | +€3,604 | +67.2% |
| Cash at bank and in hand | 54/58 | €31,226 | €44,669 | +€13,443 | +43.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €99,867 | €181,445 | +€81,577 | +81.7% |
| Equity | 10/15 | €69,723 | €104,634 | +€34,911 | +50.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,723 | €101,634 | +€34,911 | +52.3% |
| Distributable reserves | 133 | €66,723 | €101,634 | +€34,911 | +52.3% |
| Amounts payable | 17/49 | €30,145 | €76,811 | +€46,666 | +155% |
| Amounts payable after more than one year | 17 | - | €37,557 | +€37,557 | |
| Financial debts | 170/4 | - | €37,557 | +€37,557 | |
| Amounts payable within one year | 42/48 | €30,145 | €39,254 | +€9,109 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,671 | +€9,671 | |
| Trade debts | 44 | €2,814 | €1,531 | -€1,283 | -45.6% |
| Suppliers | 440/4 | €2,814 | €1,531 | -€1,283 | -45.6% |
| Taxes, remuneration and social security | 45 | €480 | €564 | +€85 | +17.6% |
| Taxes | 450/3 | €480 | €564 | +€85 | +17.6% |
| Other amounts payable | 47/48 | €26,851 | €27,487 | +€636 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,579 | €29,043 | +€12,464 | +75.2% |
| Other operating charges | 640/8 | €827 | €667 | -€160 | -19.4% |
| Gross operating margin | 9900 | €43,293 | €77,443 | +€34,150 | +78.9% |
| Operating profit (loss) | 9901 | €25,888 | €47,734 | +€21,846 | +84.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,669 | €2,952 | +€1,283 | +76.9% |
| Recurring financial charges | 65 | €1,669 | €2,952 | +€1,283 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €24,219 | €44,782 | +€20,563 | +84.9% |
| Income taxes | 67/77 | €6,243 | €9,871 | +€3,628 | +58.1% |
| Profit (loss) for the period | 9904 | €17,976 | €34,911 | +€16,935 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,976 | €34,911 | +€16,935 | +94.2% |
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 25 October 2026 via checked.be.