B-VAST: 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.
B-VAST
Largest movements
- Cash +€16,976
up €16,976 (+84.4%), from €20,106 to €37,082
mainly Other debts (+€22,152) and Trade debts (+€14,462)
- Tangible fixed assets +€12,507
up €12,507 (+124.4%), from €10,057 to €22,564
of which Furniture and vehicles: +€8,612
- Receivables within one year +€9,177
up €9,177 (+45.6%), from €20,112 to €29,289
- Other debts +€22,152
up €22,152 (+156.4%), from €14,160 to €36,311
- Trade debts +€14,462
up €14,462 (+432.2%), from €3,347 to €17,809
- Tax, wage and social debts -€12,964
down €12,964 (-47.1%), from €27,532 to €14,568
of which Taxes: -€9,919
- Reserves +€12,696
up €12,696 (+61.1%), from €20,778 to €33,474
- Accrued charges and deferred income +€2,563
up €2,563 (+210.8%), from €1,216 to €3,779
- Financial charges +€4,651
up €4,651 (+91.2%), from €5,102 to €9,753
- Depreciation +€3,737
up €3,737 (+287.6%), from €1,299 to €5,036
- Gross operating margin -€2,917
down €2,917 (-7.9%), from €36,713 to €33,796
- Taxes -€2,827
down €2,827 (-32.5%), from €8,700 to €5,873
- Other operating charges -€394
down €394 (-47.3%), from €834 to €440
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 | €82,033 | €120,941 | +€38,908 | +47.4% |
| Fixed assets | 21/28 | €10,457 | €22,964 | +€12,507 | +119.6% |
| Tangible fixed assets | 22/27 | €10,057 | €22,564 | +€12,507 | +124.4% |
| Furniture and vehicles | 24 | - | €8,612 | +€8,612 | |
| Other tangible fixed assets | 26 | €10,057 | €13,952 | +€3,895 | +38.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €71,576 | €97,977 | +€26,401 | +36.9% |
| Amounts receivable within one year | 40/41 | €20,112 | €29,289 | +€9,177 | +45.6% |
| Trade receivables | 40 | €20,112 | €29,289 | +€9,177 | +45.6% |
| Cash at bank and in hand | 54/58 | €20,106 | €37,082 | +€16,976 | +84.4% |
| Deferred charges and accrued income | 490/1 | €31,357 | €31,605 | +€248 | +0.8% |
| Total equity and liabilities | 10/49 | €82,033 | €120,941 | +€38,908 | +47.4% |
| Equity | 10/15 | €35,778 | €48,474 | +€12,696 | +35.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €20,778 | €33,474 | +€12,696 | +61.1% |
| Distributable reserves | 133 | €20,778 | €33,474 | +€12,696 | +61.1% |
| Amounts payable | 17/49 | €46,254 | €72,467 | +€26,213 | +56.7% |
| Amounts payable within one year | 42/48 | €45,038 | €68,688 | +€23,649 | +52.5% |
| Trade debts | 44 | €3,347 | €17,809 | +€14,462 | +432.2% |
| Suppliers | 440/4 | €3,347 | €17,809 | +€14,462 | +432.2% |
| Taxes, remuneration and social security | 45 | €27,532 | €14,568 | -€12,964 | -47.1% |
| Taxes | 450/3 | €24,487 | €14,568 | -€9,919 | -40.5% |
| Remuneration and social security | 454/9 | €3,045 | €0 | -€3,045 | -100.0% |
| Other amounts payable | 47/48 | €14,160 | €36,311 | +€22,152 | +156.4% |
| Accrued charges and deferred income | 492/3 | €1,216 | €3,779 | +€2,563 | +210.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €5,036 | +€3,737 | +287.6% |
| Other operating charges | 640/8 | €834 | €440 | -€394 | -47.3% |
| Gross operating margin | 9900 | €36,713 | €33,796 | -€2,917 | -7.9% |
| Operating profit (loss) | 9901 | €34,580 | €28,320 | -€6,260 | -18.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1525.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1525.0% |
| Financial charges | 65/66B | €5,102 | €9,753 | +€4,651 | +91.2% |
| Recurring financial charges | 65 | €5,102 | €9,753 | +€4,651 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €29,478 | €18,569 | -€10,910 | -37.0% |
| Income taxes | 67/77 | €8,700 | €5,873 | -€2,827 | -32.5% |
| Profit (loss) for the period | 9904 | €20,778 | €12,696 | -€8,083 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,778 | €12,696 | -€8,083 | -38.9% |
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 12 October 2026 via checked.be.