VACANCES THOMAS: 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.
VACANCES THOMAS
Largest movements
- Intangible fixed assets -€8,000
down €8,000 (-28.6%), from €28,000 to €20,000
- Tangible fixed assets -€7,072
down €7,072 (-4.0%), from €175,193 to €168,121
of which Land and buildings: -€5,395
- Receivables within one year +€4,162
new in 2025: €4,162
- Profit (loss) carried forward -€15,576
down €15,576 (-7.8%), from -€200,646 to -€216,222
- Other debts +€14,419
up €14,419 (+6.1%), from €235,344 to €249,763
- Debts after one year -€13,957
down €13,957 (-10.8%), from €129,459 to €115,501
- Gross operating margin +€8,953
up €8,953, from -€2,501 to €6,452
- Depreciation -€4,802
down €4,802 (-24.2%), from €19,873 to €15,072
- Financial charges -€1,602
down €1,602 (-24.0%), from €6,673 to €5,071
- Taxes -€134
no longer reported in 2025 (was €134)
- Other operating charges -€82
down €82 (-4.1%), from €1,977 to €1,895
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 | €204,184 | €192,297 | -€11,887 | -5.8% |
| Fixed assets | 21/28 | €203,193 | €188,121 | -€15,072 | -7.4% |
| Intangible fixed assets | 21 | €28,000 | €20,000 | -€8,000 | -28.6% |
| Tangible fixed assets | 22/27 | €175,193 | €168,121 | -€7,072 | -4.0% |
| Land and buildings | 22 | €151,874 | €146,480 | -€5,395 | -3.6% |
| Other tangible fixed assets | 26 | €23,318 | €21,641 | -€1,677 | -7.2% |
| Current assets | 29/58 | €991 | €4,177 | +€3,185 | +321% |
| Amounts receivable within one year | 40/41 | - | €4,162 | +€4,162 | |
| Trade receivables | 40 | - | €4,162 | +€4,162 | |
| Cash at bank and in hand | 54/58 | €14 | €14 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €977 | - | -€977 | |
| Total equity and liabilities | 10/49 | €204,184 | €192,297 | -€11,887 | -5.8% |
| Equity | 10/15 | -€175,646 | -€191,222 | -€15,576 | -8.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,646 | -€216,222 | -€15,576 | -7.8% |
| Amounts payable | 17/49 | €379,830 | €383,519 | +€3,690 | +1.0% |
| Amounts payable after more than one year | 17 | €129,459 | €115,501 | -€13,957 | -10.8% |
| Financial debts | 170/4 | €129,459 | €115,501 | -€13,957 | -10.8% |
| Amounts payable within one year | 42/48 | €250,371 | €268,018 | +€17,647 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €12,490 | €13,957 | +€1,467 | +11.7% |
| Financial debts | 43 | €259 | €815 | +€556 | +214% |
| Credit institutions | 430/8 | €259 | €815 | +€556 | +214% |
| Trade debts | 44 | €1,942 | €3,147 | +€1,206 | +62.1% |
| Suppliers | 440/4 | €1,942 | €3,147 | +€1,206 | +62.1% |
| Taxes, remuneration and social security | 45 | €336 | €336 | = | 0.0% |
| Taxes | 450/3 | €336 | €336 | = | 0.0% |
| Other amounts payable | 47/48 | €235,344 | €249,763 | +€14,419 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,873 | €15,072 | -€4,802 | -24.2% |
| Other operating charges | 640/8 | €1,977 | €1,895 | -€82 | -4.1% |
| Gross operating margin | 9900 | -€2,501 | €6,452 | +€8,953 | |
| Operating profit (loss) | 9901 | -€24,352 | -€10,515 | +€13,836 | +56.8% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,673 | €5,071 | -€1,602 | -24.0% |
| Recurring financial charges | 65 | €6,673 | €5,071 | -€1,602 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,025 | -€15,576 | +€15,449 | +49.8% |
| Income taxes | 67/77 | €134 | - | -€134 | |
| Profit (loss) for the period | 9904 | -€31,159 | -€15,576 | +€15,583 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,159 | -€15,576 | +€15,583 | +50.0% |
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 13 October 2026 via checked.be.