VACAO CONSULT: 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.
VACAO CONSULT
Largest movements
- Cash +€33,274
up €33,274 (+74.4%), from €44,722 to €77,996
mainly Net result for the year (+€37,985) and Receivables within one year (+€2,304)
- Receivables within one year -€2,304
down €2,304 (-17.0%), from €13,518 to €11,215
of which Trade receivables: -€5,048
- Tangible fixed assets +€2,145
up €2,145 (+62.0%), from €3,460 to €5,605
of which Furniture and vehicles: +€2,600
- Deferred charges and accrued income -€1,743
down €1,743 (-27.5%), from €6,342 to €4,599
- Profit (loss) carried forward +€37,985
up €37,985 (+97.3%), from €39,043 to €77,028
- Tax, wage and social debts -€5,146
down €5,146 (-21.3%), from €24,123 to €18,977
- Trade debts -€2,061
down €2,061 (-93.3%), from €2,208 to €147
- Gross operating margin +€5,068
up €5,068 (+10.5%), from €48,250 to €53,318
- Financial charges +€1,819
up €1,819 (+226.8%), from €802 to €2,622
- Taxes +€1,540
up €1,540 (+15.9%), from €9,715 to €11,255
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 | €68,042 | €99,414 | +€31,372 | +46.1% |
| Fixed assets | 21/28 | €3,460 | €5,605 | +€2,145 | +62.0% |
| Tangible fixed assets | 22/27 | €3,460 | €5,605 | +€2,145 | +62.0% |
| Plant, machinery and equipment | 23 | €2,686 | €2,231 | -€454 | -16.9% |
| Furniture and vehicles | 24 | €775 | €3,374 | +€2,600 | +335.7% |
| Current assets | 29/58 | €64,582 | €93,809 | +€29,227 | +45.3% |
| Amounts receivable within one year | 40/41 | €13,518 | €11,215 | -€2,304 | -17.0% |
| Trade receivables | 40 | €13,518 | €8,470 | -€5,048 | -37.3% |
| Other amounts receivable | 41 | - | €2,745 | +€2,745 | |
| Cash at bank and in hand | 54/58 | €44,722 | €77,996 | +€33,274 | +74.4% |
| Deferred charges and accrued income | 490/1 | €6,342 | €4,599 | -€1,743 | -27.5% |
| Total equity and liabilities | 10/49 | €68,042 | €99,414 | +€31,372 | +46.1% |
| Equity | 10/15 | €40,543 | €78,528 | +€37,985 | +93.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,043 | €77,028 | +€37,985 | +97.3% |
| Amounts payable | 17/49 | €27,499 | €20,887 | -€6,612 | -24.0% |
| Amounts payable within one year | 42/48 | €27,499 | €20,887 | -€6,612 | -24.0% |
| Trade debts | 44 | €2,208 | €147 | -€2,061 | -93.3% |
| Suppliers | 440/4 | €2,208 | €147 | -€2,061 | -93.3% |
| Taxes, remuneration and social security | 45 | €24,123 | €18,977 | -€5,146 | -21.3% |
| Taxes | 450/3 | €24,123 | €18,977 | -€5,146 | -21.3% |
| Other amounts payable | 47/48 | €1,168 | €1,763 | +€595 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €1,457 | +€295 | +25.4% |
| Other operating charges | 640/8 | €159 | - | -€159 | |
| Non-recurring operating charges | 66A | €8,500 | - | -€8,500 | |
| Gross operating margin | 9900 | €48,250 | €53,318 | +€5,068 | +10.5% |
| Operating profit (loss) | 9901 | €38,428 | €51,861 | +€13,433 | +35.0% |
| Financial charges | 65/66B | €802 | €2,622 | +€1,819 | +226.8% |
| Recurring financial charges | 65 | €802 | €2,622 | +€1,819 | +226.8% |
| Profit (loss) for the period before taxes | 9903 | €37,626 | €49,240 | +€11,614 | +30.9% |
| Income taxes | 67/77 | €9,715 | €11,255 | +€1,540 | +15.9% |
| Profit (loss) for the period | 9904 | €27,911 | €37,985 | +€10,074 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,911 | €37,985 | +€10,074 | +36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.