VULPES HIBERNUM: 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.
VULPES HIBERNUM
Largest movements
- Tangible fixed assets -€11,247
down €11,247 (-9.9%), from €113,644 to €102,397
of which Land and buildings: -€10,946
- Receivables within one year -€1,962
down €1,962 (-77.0%), from €2,549 to €587
of which Trade receivables: -€2,549
- Cash +€1,642
up €1,642 (+14.2%), from €11,566 to €13,208
mainly Depreciation (+€11,247) and Receivables within one year (+€1,962)
- Trade debts -€10,309
down €10,309 (-97.2%), from €10,607 to €298
- Gross operating margin +€1,498
up €1,498 (+17.3%), from €8,673 to €10,172
- Depreciation +€245
up €245 (+2.2%), from €11,001 to €11,247
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 | €127,759 | €116,729 | -€11,030 | -8.6% |
| Fixed assets | 21/28 | €113,644 | €102,397 | -€11,247 | -9.9% |
| Tangible fixed assets | 22/27 | €113,644 | €102,397 | -€11,247 | -9.9% |
| Land and buildings | 22 | €107,650 | €96,704 | -€10,946 | -10.2% |
| Plant, machinery and equipment | 23 | €5,994 | €5,693 | -€301 | -5.0% |
| Current assets | 29/58 | €14,115 | €14,332 | +€217 | +1.5% |
| Amounts receivable within one year | 40/41 | €2,549 | €587 | -€1,962 | -77.0% |
| Trade receivables | 40 | €2,549 | €0 | -€2,549 | -100% |
| Other amounts receivable | 41 | - | €587 | +€587 | |
| Cash at bank and in hand | 54/58 | €11,566 | €13,208 | +€1,642 | +14.2% |
| Deferred charges and accrued income | 490/1 | - | €537 | +€537 | |
| Total equity and liabilities | 10/49 | €127,759 | €116,729 | -€11,030 | -8.6% |
| Equity | 10/15 | €116,298 | €115,185 | -€1,113 | -1.0% |
| Contributions | 10/11 | €27,195 | €27,195 | = | 0.0% |
| Reserves | 13 | €91,431 | €91,431 | = | 0.0% |
| Distributable reserves | 133 | €91,431 | €91,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,328 | -€3,441 | -€1,113 | -47.8% |
| Amounts payable | 17/49 | €11,461 | €1,544 | -€9,917 | -86.5% |
| Amounts payable within one year | 42/48 | €10,607 | €1,544 | -€9,063 | -85.4% |
| Trade debts | 44 | €10,607 | €298 | -€10,309 | -97.2% |
| Suppliers | 440/4 | €10,607 | €298 | -€10,309 | -97.2% |
| Advances received on contracts in progress | 46 | - | €1,246 | +€1,246 | |
| Accrued charges and deferred income | 492/3 | €854 | €0 | -€854 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,001 | €11,247 | +€245 | +2.2% |
| Gross operating margin | 9900 | €8,673 | €10,172 | +€1,498 | +17.3% |
| Operating profit (loss) | 9901 | -€2,328 | -€1,075 | +€1,253 | +53.8% |
| Financial charges | 65/66B | €0 | €38 | +€38 | +381,400% |
| Recurring financial charges | 65 | €0 | €38 | +€38 | +381,400% |
| Profit (loss) for the period before taxes | 9903 | -€2,328 | -€1,113 | +€1,215 | +52.2% |
| Profit (loss) for the period | 9904 | -€2,328 | -€1,113 | +€1,215 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,328 | -€1,113 | +€1,215 | +52.2% |
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 20 October 2026 via checked.be.