VABATOM: 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.
VABATOM
Largest movements
- Cash -€115,725
down €115,725 (-21.2%), from €546,323 to €430,599
mainly Tax, wage and social debts (-€89,215) and Other debts (-€84,388)
- Receivables within one year -€29,528
down €29,528 (-97.3%), from €30,334 to €805
of which Other amounts receivable: -€21,393
- Tangible fixed assets -€20,776
down €20,776 (-100%), from €20,776 to €0
of which Furniture and vehicles: -€19,247
- Tax, wage and social debts -€89,215
down €89,215 (-100%), from €89,215 to €0
of which Taxes: -€89,215
- Other debts -€84,388
down €84,388 (-100%), from €84,388 to €0
- Reserves +€21,162
up €21,162 (+5.9%), from €360,242 to €381,404
- Accrued charges and deferred income -€11,895
down €11,895 (-100%), from €11,895 to €0
- Gross operating margin -€254,743
down €254,743 (-89.0%), from €286,242 to €31,499
- Taxes -€77,724
down €77,724 (-91.5%), from €84,919 to €7,195
- Financial income -€59,845
down €59,845 (-100%), from €59,845 to €0
of which Non-recurring financial income: -€59,845
- Depreciation -€12,237
down €12,237 (-100%), from €12,237 to €0
- Financial charges -€11,961
down €11,961 (-99.5%), from €12,023 to €63
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €597,808 | €431,404 | -€166,404 | -27.8% |
| Fixed assets | 21/28 | €20,776 | €0 | -€20,776 | -100% |
| Tangible fixed assets | 22/27 | €20,776 | €0 | -€20,776 | -100% |
| Plant, machinery and equipment | 23 | €1,528 | €0 | -€1,528 | -100% |
| Furniture and vehicles | 24 | €19,247 | €0 | -€19,247 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €577,032 | €431,404 | -€145,628 | -25.2% |
| Amounts receivable within one year | 40/41 | €30,334 | €805 | -€29,528 | -97.3% |
| Trade receivables | 40 | €8,135 | €0 | -€8,135 | -100% |
| Other amounts receivable | 41 | €22,199 | €805 | -€21,393 | -96.4% |
| Cash at bank and in hand | 54/58 | €546,323 | €430,599 | -€115,725 | -21.2% |
| Deferred charges and accrued income | 490/1 | €375 | €0 | -€375 | -100% |
| Total equity and liabilities | 10/49 | €597,808 | €431,404 | -€166,404 | -27.8% |
| Equity | 10/15 | €410,242 | €431,404 | +€21,162 | +5.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €360,242 | €381,404 | +€21,162 | +5.9% |
| Distributable reserves | 133 | €360,242 | €381,404 | +€21,162 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €187,566 | €0 | -€187,566 | -100% |
| Amounts payable within one year | 42/48 | €175,671 | €0 | -€175,671 | -100% |
| Financial debts | 43 | €581 | €0 | -€581 | -100% |
| Credit institutions | 430/8 | €581 | €0 | -€581 | -100% |
| Trade debts | 44 | €1,486 | €0 | -€1,486 | -100% |
| Suppliers | 440/4 | €1,486 | €0 | -€1,486 | -100% |
| Taxes, remuneration and social security | 45 | €89,215 | €0 | -€89,215 | -100% |
| Taxes | 450/3 | €89,215 | €0 | -€89,215 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €84,388 | €0 | -€84,388 | -100% |
| Accrued charges and deferred income | 492/3 | €11,895 | €0 | -€11,895 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,237 | €0 | -€12,237 | -100% |
| Other operating charges | 640/8 | €565 | €0 | -€565 | -100% |
| Non-recurring operating charges | 66A | - | €3,080 | +€3,080 | |
| Gross operating margin | 9900 | €286,242 | €31,499 | -€254,743 | -89.0% |
| Operating profit (loss) | 9901 | €273,440 | €28,419 | -€245,021 | -89.6% |
| Financial income | 75/76B | €59,845 | €0 | -€59,845 | -100% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €59,845 | €0 | -€59,845 | -100% |
| Financial charges | 65/66B | €12,023 | €63 | -€11,961 | -99.5% |
| Recurring financial charges | 65 | €12,023 | €63 | -€11,961 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €321,262 | €28,357 | -€292,905 | -91.2% |
| Income taxes | 67/77 | €84,919 | €7,195 | -€77,724 | -91.5% |
| Profit (loss) for the period | 9904 | €236,343 | €21,162 | -€215,181 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €236,343 | €21,162 | -€215,181 | -91.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2025 and 30 September 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.