VACARA: 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.
VACARA
Largest movements
- Cash +€7,113
up €7,113 (+15.6%), from €45,691 to €52,804
mainly Net result for the year (+€60,129) and Tax, wage and social debts (+€4,818)
- Receivables within one year +€6,678
up €6,678 (+377.1%), from €1,771 to €8,449
of which Trade receivables: +€6,679
- Tangible fixed assets +€3,127
up €3,127 (+360.7%), from €867 to €3,994
- Profit (loss) carried forward +€39,129
new in 2025: €39,129
- Other debts -€27,029
down €27,029 (-56.3%), from €48,029 to €21,000
- Tax, wage and social debts +€4,818
new in 2025: €4,818
- Gross operating margin +€16,473
up €16,473 (+27.9%), from €58,960 to €75,433
- Write-downs +€3,884
no longer reported in 2025 (was -€3,884)
- Taxes +€3,799
up €3,799 (+37.7%), from €10,084 to €13,883
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 | €48,329 | €65,247 | +€16,918 | +35.0% |
| Fixed assets | 21/28 | €867 | €3,994 | +€3,127 | +360.7% |
| Tangible fixed assets | 22/27 | €867 | €3,994 | +€3,127 | +360.7% |
| Furniture and vehicles | 24 | €867 | €3,994 | +€3,127 | +360.7% |
| Current assets | 29/58 | €47,462 | €61,253 | +€13,791 | +29.1% |
| Amounts receivable within one year | 40/41 | €1,771 | €8,449 | +€6,678 | +377.1% |
| Trade receivables | 40 | €605 | €7,284 | +€6,679 | +1104.0% |
| Other amounts receivable | 41 | €1,166 | €1,165 | -€1 | -0.1% |
| Cash at bank and in hand | 54/58 | €45,691 | €52,804 | +€7,113 | +15.6% |
| Total equity and liabilities | 10/49 | €48,329 | €65,247 | +€16,918 | +35.0% |
| Equity | 10/15 | €300 | €39,429 | +€39,129 | +13043.0% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €39,129 | +€39,129 | |
| Amounts payable | 17/49 | €48,029 | €25,818 | -€22,211 | -46.2% |
| Amounts payable within one year | 42/48 | €48,029 | €25,818 | -€22,211 | -46.2% |
| Taxes, remuneration and social security | 45 | - | €4,818 | +€4,818 | |
| Taxes | 450/3 | - | €4,818 | +€4,818 | |
| Other amounts payable | 47/48 | €48,029 | €21,000 | -€27,029 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €385 | +€137 | +55.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,884 | - | +€3,884 | |
| Other operating charges | 640/8 | €962 | €994 | +€32 | +3.3% |
| Non-recurring operating charges | 66A | €3,482 | - | -€3,482 | |
| Gross operating margin | 9900 | €58,960 | €75,433 | +€16,473 | +27.9% |
| Operating profit (loss) | 9901 | €58,152 | €74,054 | +€15,902 | +27.3% |
| Financial charges | 65/66B | €39 | €42 | +€3 | +7.7% |
| Recurring financial charges | 65 | €39 | €42 | +€3 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €58,113 | €74,012 | +€15,899 | +27.4% |
| Income taxes | 67/77 | €10,084 | €13,883 | +€3,799 | +37.7% |
| Profit (loss) for the period | 9904 | €48,029 | €60,129 | +€12,100 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,029 | €60,129 | +€12,100 | +25.2% |
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 30 September 2026 via checked.be.