VAARSCHOOL: 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.
VAARSCHOOL
Largest movements
- Cash -€58,791
down €58,791 (-79.8%), from €73,637 to €14,846
mainly Current portion of long-term debt (-€52,601) and Receivables within one year (-€41,072)
- Receivables within one year +€41,072
up €41,072 (+145%), from €28,235 to €69,308
of which Trade receivables: +€22,843
- Tangible fixed assets -€11,839
down €11,839 (-34.4%), from €34,379 to €22,539
of which Furniture and vehicles: -€11,329
- Intangible fixed assets -€2,998
down €2,998 (-33.3%), from €8,994 to €5,996
- Financial fixed assets -€2,850
down €2,850 (-84.3%), from €3,379 to €529
- Current portion of long-term debt -€52,601
down €52,601 (-81.1%), from €64,886 to €12,285
- Profit (loss) carried forward +€27,972
up €27,972 (+26.6%), from -€105,023 to -€77,051
- Debts after one year -€21,828
down €21,828 (-42.5%), from €51,308 to €29,481
- Tax, wage and social debts +€18,436
up €18,436 (+34.1%), from €54,100 to €72,536
of which Taxes: +€13,386
- Other debts -€5,203
down €5,203 (-100%), from €5,203 to €0
- Gross operating margin +€95,493
up €95,493 (+214%), from €44,669 to €140,162
- Other operating charges -€40,811
down €40,811 (-86.2%), from €47,344 to €6,533
- Staff costs -€8,655
down €8,655 (-9.4%), from €92,117 to €83,462
- Depreciation -€7,448
down €7,448 (-39.6%), from €18,826 to €11,378
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 | €172,207 | €136,634 | -€35,573 | -20.7% |
| Fixed assets | 21/28 | €46,751 | €29,064 | -€17,687 | -37.8% |
| Intangible fixed assets | 21 | €8,994 | €5,996 | -€2,998 | -33.3% |
| Tangible fixed assets | 22/27 | €34,379 | €22,539 | -€11,839 | -34.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,444 | €2,934 | -€510 | -14.8% |
| Furniture and vehicles | 24 | €30,935 | €19,606 | -€11,329 | -36.6% |
| Financial fixed assets | 28 | €3,379 | €529 | -€2,850 | -84.3% |
| Current assets | 29/58 | €125,456 | €107,570 | -€17,886 | -14.3% |
| Stocks and contracts in progress | 3 | €18,241 | €18,241 | = | 0.0% |
| Stocks | 30/36 | €18,241 | €18,241 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,235 | €69,308 | +€41,072 | +145% |
| Trade receivables | 40 | €4,122 | €26,965 | +€22,843 | +554% |
| Other amounts receivable | 41 | €24,113 | €42,343 | +€18,229 | +75.6% |
| Cash at bank and in hand | 54/58 | €73,637 | €14,846 | -€58,791 | -79.8% |
| Deferred charges and accrued income | 490/1 | €5,343 | €5,175 | -€168 | -3.1% |
| Total equity and liabilities | 10/49 | €172,207 | €136,634 | -€35,573 | -20.7% |
| Equity | 10/15 | -€80,023 | -€52,051 | +€27,972 | +35.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€105,023 | -€77,051 | +€27,972 | +26.6% |
| Amounts payable | 17/49 | €252,230 | €188,685 | -€63,545 | -25.2% |
| Amounts payable after more than one year | 17 | €51,308 | €29,481 | -€21,828 | -42.5% |
| Financial debts | 170/4 | €51,308 | €29,481 | -€21,828 | -42.5% |
| Amounts payable within one year | 42/48 | €200,921 | €159,204 | -€41,718 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €64,886 | €12,285 | -€52,601 | -81.1% |
| Financial debts | 43 | €14,086 | €11,236 | -€2,851 | -20.2% |
| Credit institutions | 430/8 | €14,086 | €11,236 | -€2,851 | -20.2% |
| Trade debts | 44 | €62,646 | €63,147 | +€501 | +0.8% |
| Suppliers | 440/4 | €62,646 | €63,147 | +€501 | +0.8% |
| Taxes, remuneration and social security | 45 | €54,100 | €72,536 | +€18,436 | +34.1% |
| Taxes | 450/3 | €46,361 | €59,747 | +€13,386 | +28.9% |
| Remuneration and social security | 454/9 | €7,739 | €12,789 | +€5,050 | +65.3% |
| Other amounts payable | 47/48 | €5,203 | €0 | -€5,203 | -100% |
| Non-recurring operating income | 76A | €44,029 | €36,430 | -€7,598 | -17.3% |
| Remuneration, social security and pensions | 62 | €92,117 | €83,462 | -€8,655 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,826 | €11,378 | -€7,448 | -39.6% |
| Other operating charges | 640/8 | €47,344 | €6,533 | -€40,811 | -86.2% |
| Gross operating margin | 9900 | €44,669 | €140,162 | +€95,493 | +214% |
| Operating profit (loss) | 9901 | -€113,618 | €38,789 | +€152,407 | |
| Financial income | 75/76B | €443 | €1,803 | +€1,360 | +307% |
| Recurring financial income | 75 | €443 | €1,803 | +€1,360 | +307% |
| Financial charges | 65/66B | €13,016 | €12,398 | -€618 | -4.7% |
| Recurring financial charges | 65 | €13,016 | €12,398 | -€618 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€126,191 | €28,194 | +€154,384 | |
| Income taxes | 67/77 | €241 | €222 | -€19 | -7.9% |
| Profit (loss) for the period | 9904 | -€126,431 | €27,972 | +€154,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€126,431 | €27,972 | +€154,403 |
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 13 October 2026 via checked.be.