VACATREM: 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.
VACATREM
Largest movements
- Receivables within one year -€3,312
down €3,312 (-9.7%), from €34,148 to €30,837
of which Trade receivables: -€3,111
- Cash +€3,301
up €3,301 (+305%), from €1,084 to €4,385
mainly Trade debts (+€5,882) and Receivables within one year (+€3,312)
- Stocks and contracts +€1,355
up €1,355 (+57.3%), from €2,364 to €3,719
- Deferred charges and accrued income -€967
no longer reported in 2025 (was €967)
- Trade debts +€5,882
up €5,882 (+185%), from €3,185 to €9,067
- Tax, wage and social debts -€3,569
down €3,569 (-15.2%), from €23,409 to €19,840
of which Remuneration and social security: -€4,190
- Accrued charges and deferred income -€1,991
no longer reported in 2025 (was €1,991)
- Gross operating margin +€9,420
up €9,420, from -€7,697 to €1,723
- Taxes -€1,736
no longer reported in 2025 (was €1,736)
- Other operating charges -€1,101
down €1,101 (-54.8%), from €2,010 to €909
- Financial charges -€124
down €124 (-16.0%), from €775 to €651
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 | €52,951 | €53,329 | +€378 | +0.7% |
| Fixed assets | 21/28 | €8,750 | €8,750 | = | 0.0% |
| Financial fixed assets | 28 | €8,750 | €8,750 | = | 0.0% |
| Current assets | 29/58 | €44,201 | €44,579 | +€378 | +0.9% |
| Stocks and contracts in progress | 3 | €2,364 | €3,719 | +€1,355 | +57.3% |
| Stocks | 30/36 | €2,364 | €3,719 | +€1,355 | +57.3% |
| Amounts receivable within one year | 40/41 | €34,148 | €30,837 | -€3,312 | -9.7% |
| Trade receivables | 40 | €31,195 | €28,084 | -€3,111 | -10.0% |
| Other amounts receivable | 41 | €2,954 | €2,753 | -€201 | -6.8% |
| Current investments | 50/53 | €5,638 | €5,638 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,084 | €4,385 | +€3,301 | +305% |
| Deferred charges and accrued income | 490/1 | €967 | - | -€967 | |
| Total equity and liabilities | 10/49 | €52,951 | €53,329 | +€378 | +0.7% |
| Equity | 10/15 | -€10,142 | -€9,966 | +€176 | +1.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,734 | -€28,558 | +€176 | +0.6% |
| Amounts payable | 17/49 | €63,093 | €63,295 | +€201 | +0.3% |
| Amounts payable within one year | 42/48 | €61,102 | €63,295 | +€2,193 | +3.6% |
| Trade debts | 44 | €3,185 | €9,067 | +€5,882 | +185% |
| Suppliers | 440/4 | €3,185 | €9,067 | +€5,882 | +185% |
| Taxes, remuneration and social security | 45 | €23,409 | €19,840 | -€3,569 | -15.2% |
| Taxes | 450/3 | €356 | €977 | +€621 | +174% |
| Remuneration and social security | 454/9 | €23,053 | €18,863 | -€4,190 | -18.2% |
| Other amounts payable | 47/48 | €34,508 | €34,388 | -€120 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,991 | - | -€1,991 | |
| Other operating charges | 640/8 | €2,010 | €909 | -€1,101 | -54.8% |
| Gross operating margin | 9900 | -€7,697 | €1,723 | +€9,420 | |
| Operating profit (loss) | 9901 | -€9,707 | €813 | +€10,521 | |
| Financial income | 75/76B | €11 | €14 | +€3 | +24.4% |
| Recurring financial income | 75 | €11 | €14 | +€3 | +24.4% |
| Financial charges | 65/66B | €775 | €651 | -€124 | -16.0% |
| Recurring financial charges | 65 | €775 | €651 | -€124 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,471 | €176 | +€10,647 | |
| Income taxes | 67/77 | €1,736 | - | -€1,736 | |
| Profit (loss) for the period | 9904 | -€12,207 | €176 | +€12,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,207 | €176 | +€12,383 |
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 29 October 2026 via checked.be.