VACARU CONSTRUCT: 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.
VACARU CONSTRUCT
Largest movements
- Cash +€8,099
up €8,099 (+244.9%), from €3,307 to €11,406
mainly Net result for the year (+€36,194) and Depreciation (+€1,775)
- Receivables within one year +€6,822
up €6,822 (+9.6%), from €70,813 to €77,635
of which Other amounts receivable: +€12,539
- Tangible fixed assets -€1,775
no longer reported in 2025 (was €1,775)
- Profit (loss) carried forward +€36,194
up €36,194 (+104.0%), from €34,796 to €70,990
- Trade debts -€14,068
down €14,068 (-77.6%), from €18,131 to €4,063
- Debts after one year -€8,980
down €8,980 (-56.1%), from €16,020 to €7,040
- Gross operating margin +€36,014
up €36,014 (+686.3%), from €5,248 to €41,262
- Other operating charges +€2,109
up €2,109 (+251.8%), from €838 to €2,947
- Depreciation -€1,855
down €1,855 (-51.1%), from €3,630 to €1,775
- Taxes -€747
no longer reported in 2025 (was €747)
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 | €75,895 | €89,041 | +€13,146 | +17.3% |
| Fixed assets | 21/28 | €1,775 | - | -€1,775 | |
| Tangible fixed assets | 22/27 | €1,775 | - | -€1,775 | |
| Furniture and vehicles | 24 | €1,775 | - | -€1,775 | |
| Current assets | 29/58 | €74,120 | €89,041 | +€14,921 | +20.1% |
| Amounts receivable within one year | 40/41 | €70,813 | €77,635 | +€6,822 | +9.6% |
| Trade receivables | 40 | €54,622 | €48,905 | -€5,717 | -10.5% |
| Other amounts receivable | 41 | €16,191 | €28,730 | +€12,539 | +77.4% |
| Cash at bank and in hand | 54/58 | €3,307 | €11,406 | +€8,099 | +244.9% |
| Total equity and liabilities | 10/49 | €75,895 | €89,041 | +€13,146 | +17.3% |
| Equity | 10/15 | €40,996 | €77,190 | +€36,194 | +88.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,796 | €70,990 | +€36,194 | +104.0% |
| Amounts payable | 17/49 | €34,898 | €11,850 | -€23,048 | -66.0% |
| Amounts payable after more than one year | 17 | €16,020 | €7,040 | -€8,980 | -56.1% |
| Financial debts | 170/4 | €16,020 | €7,040 | -€8,980 | -56.1% |
| Amounts payable within one year | 42/48 | €18,878 | €4,811 | -€14,068 | -74.5% |
| Trade debts | 44 | €18,131 | €4,063 | -€14,068 | -77.6% |
| Suppliers | 440/4 | €18,131 | €4,063 | -€14,068 | -77.6% |
| Taxes, remuneration and social security | 45 | €747 | €747 | = | 0.0% |
| Taxes | 450/3 | €747 | €747 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €1,775 | -€1,855 | -51.1% |
| Other operating charges | 640/8 | €838 | €2,947 | +€2,109 | +251.8% |
| Gross operating margin | 9900 | €5,248 | €41,262 | +€36,014 | +686.3% |
| Operating profit (loss) | 9901 | €780 | €36,539 | +€35,759 | +4582.2% |
| Financial income | 75/76B | €1 | €2 | +€1 | +234.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +234.0% |
| Financial charges | 65/66B | €633 | €347 | -€286 | -45.2% |
| Recurring financial charges | 65 | €633 | €347 | -€286 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €147 | €36,194 | +€36,047 | +24440.0% |
| Income taxes | 67/77 | €747 | - | -€747 | |
| Profit (loss) for the period | 9904 | -€600 | €36,194 | +€36,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€600 | €36,194 | +€36,794 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.