VREBOSCH: 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.
VREBOSCH
Largest movements
- Stocks and contracts +€96,046
up €96,046 (+22.9%), from €419,092 to €515,138
- Cash -€46,325
down €46,325 (-65.7%), from €70,508 to €24,183
mainly Stocks and contracts (-€96,046) and Net result for the year (-€36,726)
- Debts after one year +€68,102
up €68,102 (+30.6%), from €222,697 to €290,799
- Profit (loss) carried forward -€36,726
down €36,726 (-27.8%), from -€131,982 to -€168,708
- Trade debts +€18,238
up €18,238 (+286.8%), from €6,359 to €24,597
- Other operating charges -€19,881
down €19,881 (-84.2%), from €23,617 to €3,736
- Financial charges -€9,962
down €9,962 (-64.5%), from €15,440 to €5,478
- Gross operating margin -€3,735
down €3,735 (-20.4%), from -€18,266 to -€22,001
- Staff costs +€447
new in 2025: €447
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 | €1,001,793 | €1,046,008 | +€44,215 | +4.4% |
| Fixed assets | 21/28 | €443,570 | €438,506 | -€5,064 | -1.1% |
| Tangible fixed assets | 22/27 | €70,899 | €65,835 | -€5,064 | -7.1% |
| Land and buildings | 22 | €70,899 | €65,835 | -€5,064 | -7.1% |
| Financial fixed assets | 28 | €372,671 | €372,671 | +€0 | 0.0% |
| Current assets | 29/58 | €558,223 | €607,502 | +€49,279 | +8.8% |
| Stocks and contracts in progress | 3 | €419,092 | €515,138 | +€96,046 | +22.9% |
| Stocks | 30/36 | €419,092 | €515,138 | +€96,046 | +22.9% |
| Amounts receivable within one year | 40/41 | €68,623 | €68,181 | -€442 | -0.6% |
| Trade receivables | 40 | €66,711 | €67,549 | +€838 | +1.3% |
| Other amounts receivable | 41 | €1,912 | €632 | -€1,280 | -67.0% |
| Cash at bank and in hand | 54/58 | €70,508 | €24,183 | -€46,325 | -65.7% |
| Total equity and liabilities | 10/49 | €1,001,793 | €1,046,008 | +€44,215 | +4.4% |
| Equity | 10/15 | €19,524 | -€17,202 | -€36,726 | |
| Contributions | 10/11 | €30,987 | €30,987 | -€0 | 0.0% |
| Capital | 10 | €30,987 | - | -€30,987 | |
| Issued capital | 100 | €30,987 | - | -€30,987 | |
| Outside capital | 11 | - | €30,987 | +€30,987 | |
| Other | 1109/19 | - | €30,987 | +€30,987 | |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €70,519 | €70,519 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | -€0 | 0.0% |
| Legal reserve | 130 | €3,099 | - | -€3,099 | |
| Reserves not available under the articles | 1311 | - | €3,099 | +€3,099 | |
| Distributable reserves | 133 | €67,420 | €67,420 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€131,982 | -€168,708 | -€36,726 | -27.8% |
| Amounts payable | 17/49 | €982,269 | €1,063,210 | +€80,941 | +8.2% |
| Amounts payable after more than one year | 17 | €222,697 | €290,799 | +€68,102 | +30.6% |
| Financial debts | 170/4 | €222,697 | €290,799 | +€68,102 | +30.6% |
| Amounts payable within one year | 42/48 | €738,189 | €751,027 | +€12,838 | +1.7% |
| Trade debts | 44 | €6,359 | €24,597 | +€18,238 | +286.8% |
| Suppliers | 440/4 | €6,359 | €24,597 | +€18,238 | +286.8% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €731,830 | €726,430 | -€5,400 | -0.7% |
| Accrued charges and deferred income | 492/3 | €21,383 | €21,383 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | - | €447 | +€447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,064 | €5,064 | +€0 | 0.0% |
| Other operating charges | 640/8 | €23,617 | €3,736 | -€19,881 | -84.2% |
| Gross operating margin | 9900 | -€18,266 | -€22,001 | -€3,735 | -20.4% |
| Operating profit (loss) | 9901 | -€46,947 | -€31,248 | +€15,699 | +33.4% |
| Financial income | 75/76B | €136 | €0 | -€136 | -99.9% |
| Recurring financial income | 75 | €136 | €0 | -€136 | -99.9% |
| Non-recurring financial income | 76B | €136 | - | -€136 | |
| Financial charges | 65/66B | €15,440 | €5,478 | -€9,962 | -64.5% |
| Recurring financial charges | 65 | €15,440 | €5,478 | -€9,962 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,251 | -€36,726 | +€25,525 | +41.0% |
| Profit (loss) for the period | 9904 | -€62,251 | -€36,726 | +€25,525 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,251 | -€36,726 | +€25,525 | +41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.