BART VAESSEN: what changed
Two fiscal 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.
BART VAESSEN
Largest movements
- Cash +€64,098
up €64,098 (+31.3%), from €204,831 to €268,929
mainly Other debts (+€83,381) and Net result for the year (+€59,083)
- Tangible fixed assets -€17,719
down €17,719 (-28.1%), from €62,982 to €45,263
of which Furniture and vehicles: -€14,428
- Other debts +€83,381
up €83,381 (+278.9%), from €29,900 to €113,281
- Reserves -€36,320
down €36,320 (-11.0%), from €329,965 to €293,645
of which Distributable reserves: -€36,320
- Gross operating margin -€6,561
down €6,561 (-6.2%), from €105,650 to €99,090
- Financial income +€3,199
up €3,199 (+136.7%), from €2,340 to €5,539
- Taxes +€2,290
up €2,290 (+9.4%), from €24,339 to €26,630
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 | €380,873 | €426,419 | +€45,546 | +12.0% |
| Fixed assets | 21/28 | €62,982 | €45,263 | -€17,719 | -28.1% |
| Tangible fixed assets | 22/27 | €62,982 | €45,263 | -€17,719 | -28.1% |
| Plant, machinery and equipment | 23 | €3,735 | €444 | -€3,291 | -88.1% |
| Furniture and vehicles | 24 | €59,247 | €44,819 | -€14,428 | -24.4% |
| Current assets | 29/58 | €317,892 | €381,157 | +€63,265 | +19.9% |
| Amounts receivable within one year | 40/41 | €9,732 | €10,662 | +€930 | +9.6% |
| Trade receivables | 40 | €8,550 | €9,000 | +€450 | +5.3% |
| Other amounts receivable | 41 | €1,182 | €1,662 | +€480 | +40.6% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €204,831 | €268,929 | +€64,098 | +31.3% |
| Deferred charges and accrued income | 490/1 | €3,329 | €1,566 | -€1,763 | -53.0% |
| Total equity and liabilities | 10/49 | €380,873 | €426,419 | +€45,546 | +12.0% |
| Equity | 10/15 | €339,654 | €303,336 | -€36,317 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €329,965 | €293,645 | -€36,320 | -11.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €329,346 | €293,026 | -€36,320 | -11.0% |
| Profit (loss) carried forward | 14 | €3,488 | €3,491 | +€3 | +0.1% |
| Amounts payable | 17/49 | €41,220 | €123,083 | +€81,864 | +198.6% |
| Amounts payable within one year | 42/48 | €40,650 | €122,513 | +€81,864 | +201.4% |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €10,749 | €8,868 | -€1,881 | -17.5% |
| Taxes | 450/3 | €10,749 | €8,868 | -€1,881 | -17.5% |
| Other amounts payable | 47/48 | €29,900 | €113,281 | +€83,381 | +278.9% |
| Accrued charges and deferred income | 492/3 | €570 | €570 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,028 | €18,514 | +€485 | +2.7% |
| Other operating charges | 640/8 | €384 | €396 | +€12 | +3.0% |
| Gross operating margin | 9900 | €105,650 | €99,090 | -€6,561 | -6.2% |
| Operating profit (loss) | 9901 | €87,237 | €80,180 | -€7,058 | -8.1% |
| Financial income | 75/76B | €2,340 | €5,539 | +€3,199 | +136.7% |
| Recurring financial income | 75 | €2,340 | €5,539 | +€3,199 | +136.7% |
| Financial charges | 65/66B | €465 | €7 | -€459 | -98.6% |
| Recurring financial charges | 65 | €465 | €7 | -€459 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €89,112 | €85,712 | -€3,400 | -3.8% |
| Income taxes | 67/77 | €24,339 | €26,630 | +€2,290 | +9.4% |
| Profit (loss) for the period | 9904 | €64,773 | €59,083 | -€5,690 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,773 | €59,083 | -€5,690 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.