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 +€39,323
up €39,323 (+127%), from €31,032 to €70,355
mainly Receivables within one year (+€24,600) and Net result for the year (+€22,009)
- Receivables within one year -€24,600
down €24,600 (-38.5%), from €63,842 to €39,241
of which Trade receivables: -€32,939
- Profit (loss) carried forward +€22,009
up €22,009 (+82.4%), from €26,705 to €48,714
- Trade debts -€8,830
down €8,830 (-99.9%), from €8,843 to €13
- Tax, wage and social debts +€2,158
up €2,158 (+29.0%), from €7,432 to €9,590
of which Taxes: +€5,707
- Gross operating margin -€17,304
down €17,304 (-19.1%), from €90,655 to €73,350
- Financial income +€3,869
up €3,869 (+827%), from €468 to €4,336
- Taxes +€3,012
new in 2025: €3,012
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 | €94,874 | €110,210 | +€15,337 | +16.2% |
| Current assets | 29/58 | €94,874 | €110,210 | +€15,337 | +16.2% |
| Amounts receivable within one year | 40/41 | €63,842 | €39,241 | -€24,600 | -38.5% |
| Trade receivables | 40 | €60,849 | €27,910 | -€32,939 | -54.1% |
| Other amounts receivable | 41 | €2,993 | €11,332 | +€8,339 | +279% |
| Cash at bank and in hand | 54/58 | €31,032 | €70,355 | +€39,323 | +127% |
| Deferred charges and accrued income | 490/1 | - | €613 | +€613 | |
| Total equity and liabilities | 10/49 | €94,874 | €110,210 | +€15,337 | +16.2% |
| Equity | 10/15 | €47,165 | €69,174 | +€22,009 | +46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,705 | €48,714 | +€22,009 | +82.4% |
| Amounts payable | 17/49 | €47,709 | €41,036 | -€6,673 | -14.0% |
| Amounts payable within one year | 42/48 | €47,709 | €41,036 | -€6,673 | -14.0% |
| Trade debts | 44 | €8,843 | €13 | -€8,830 | -99.9% |
| Suppliers | 440/4 | €8,843 | €13 | -€8,830 | -99.9% |
| Taxes, remuneration and social security | 45 | €7,432 | €9,590 | +€2,158 | +29.0% |
| Taxes | 450/3 | - | €5,707 | +€5,707 | |
| Remuneration and social security | 454/9 | €7,432 | €3,882 | -€3,549 | -47.8% |
| Other amounts payable | 47/48 | €31,434 | €31,434 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52,683 | €52,067 | -€616 | -1.2% |
| Other operating charges | 640/8 | €890 | €120 | -€770 | -86.5% |
| Gross operating margin | 9900 | €90,655 | €73,350 | -€17,304 | -19.1% |
| Operating profit (loss) | 9901 | €37,082 | €21,164 | -€15,918 | -42.9% |
| Financial income | 75/76B | €468 | €4,336 | +€3,869 | +827% |
| Recurring financial income | 75 | €468 | €4,336 | +€3,869 | +827% |
| Financial charges | 65/66B | €302 | €479 | +€178 | +58.9% |
| Recurring financial charges | 65 | €302 | €479 | +€178 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €37,249 | €25,021 | -€12,228 | -32.8% |
| Income taxes | 67/77 | - | €3,012 | +€3,012 | |
| Profit (loss) for the period | 9904 | €37,249 | €22,009 | -€15,240 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,249 | €22,009 | -€15,240 | -40.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.