ANTONI VASSILEFF: 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.
ANTONI VASSILEFF
Largest movements
- Current assets +€3.2m
up €3.2m (+411%), from €787,571 to €4.0m
of which Receivables within one year: +€1.9m
- Tangible fixed assets -€146,076
down €146,076 (-8.4%), from €1.7m to €1.6m
- Reserves +€1.2m
up €1.2m (+305%), from €395,860 to €1.6m
of which Distributable reserves: +€1.6m
- Debts within one year +€1.1m
up €1.1m (+256%), from €439,987 to €1.6m
of which Tax, wage and social debts: +€1.2m
- Profit (loss) carried forward +€1.1m
up €1.1m (+163%), from €646,934 to €1.7m
- Debts after one year -€299,830
down €299,830 (-29.1%), from €1.0m to €730,302
- Gross operating margin +€684,624
up €684,624 (+152%), from €449,274 to €1.1m
- Taxes +€233,535
up €233,535 (+259%), from €90,076 to €323,611
- Financial charges +€18,327
new in 2024: €18,327
From the 2020 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,525,313 | €5,613,148 | +€3.1m | +122% |
| Fixed assets | 21/28 | €1,737,742 | €1,591,666 | -€146,076 | -8.4% |
| Tangible fixed assets | 22/27 | €1,737,742 | €1,591,666 | -€146,076 | -8.4% |
| Land and buildings | 22 | - | €830,660 | +€830,660 | |
| Furniture and vehicles | 24 | - | €55,029 | +€55,029 | |
| Other tangible fixed assets | 26 | - | €705,977 | +€705,977 | |
| Current assets | 29/58 | €787,571 | €4,021,482 | +€3.2m | +411% |
| Amounts receivable within one year | 40/41 | €386,746 | €2,298,690 | +€1.9m | +494% |
| Trade receivables | 40 | - | €2,229,354 | +€2.2m | |
| Other amounts receivable | 41 | - | €69,336 | +€69,336 | |
| Cash at bank and in hand | 54/58 | €393,385 | €1,722,792 | +€1.3m | +338% |
| Total equity and liabilities | 10/49 | €2,525,313 | €5,613,148 | +€3.1m | +122% |
| Equity | 10/15 | €1,055,194 | €3,315,387 | +€2.3m | +214% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €395,860 | €1,601,860 | +€1.2m | +305% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €1,600,000 | +€1.6m | |
| Profit (loss) carried forward | 14 | €646,934 | €1,701,127 | +€1.1m | +163% |
| Amounts payable | 17/49 | €1,470,120 | €2,297,761 | +€827,641 | +56.3% |
| Amounts payable after more than one year | 17 | €1,030,133 | €730,302 | -€299,830 | -29.1% |
| Financial debts | 170/4 | - | €730,302 | +€730,302 | |
| Amounts payable within one year | 42/48 | €439,987 | €1,567,458 | +€1.1m | +256% |
| Current portion of amounts payable after more than one year | 42 | - | €77,967 | +€77,967 | |
| Trade debts | 44 | €2,690 | €169,477 | +€166,787 | +6,201% |
| Suppliers | 440/4 | - | €169,477 | +€169,477 | |
| Taxes, remuneration and social security | 45 | - | €1,220,028 | +€1.2m | |
| Taxes | 450/3 | - | €1,220,028 | +€1.2m | |
| Other amounts payable | 47/48 | - | €99,987 | +€99,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,105 | €64,540 | +€10,435 | +19.3% |
| Other operating charges | 640/8 | - | €4,916 | +€4,916 | |
| Gross operating margin | 9900 | €449,274 | €1,133,898 | +€684,624 | +152% |
| Operating profit (loss) | 9901 | €395,169 | €1,064,442 | +€669,273 | +169% |
| Financial income | 75/76B | - | €2,866 | +€2,866 | |
| Recurring financial income | 75 | - | €2,866 | +€2,866 | |
| Financial charges | 65/66B | - | €18,327 | +€18,327 | |
| Recurring financial charges | 65 | €23,589 | €18,327 | -€5,262 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €369,860 | €1,048,981 | +€679,121 | +184% |
| Income taxes | 67/77 | €90,076 | €323,611 | +€233,535 | +259% |
| Profit (loss) for the period | 9904 | €279,784 | €725,369 | +€445,585 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €279,784 | €725,369 | +€445,585 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.