VACAY HAVEN: 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.
VACAY HAVEN
Largest movements
- Tangible fixed assets +€19,246
up €19,246 (+8.7%), from €221,974 to €241,220
- Cash -€7,439
down €7,439 (-62.1%), from €11,981 to €4,541
mainly Investment in fixed assets (net) (-€28,081) and Net result for the year (-€20,308)
- Debts after one year +€25,126
up €25,126 (+16.0%), from €157,088 to €182,215
- Profit (loss) carried forward -€20,308
down €20,308 (-92.3%), from -€22,010 to -€42,318
- Other debts +€5,100
up €5,100 (+5.6%), from €90,400 to €95,500
- Gross operating margin +€3,379
up €3,379 (+51.3%), from -€6,582 to -€3,203
- Depreciation +€926
up €926 (+11.7%), from €7,908 to €8,834
- Financial charges +€606
up €606 (+8.6%), from €7,061 to €7,667
- Other operating charges +€144
up €144 (+31.5%), from €459 to €603
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 | €234,960 | €247,087 | +€12,127 | +5.2% |
| Fixed assets | 21/28 | €221,974 | €241,220 | +€19,246 | +8.7% |
| Tangible fixed assets | 22/27 | €221,974 | €241,220 | +€19,246 | +8.7% |
| Land and buildings | 22 | €221,974 | €241,220 | +€19,246 | +8.7% |
| Current assets | 29/58 | €12,986 | €5,867 | -€7,119 | -54.8% |
| Amounts receivable within one year | 40/41 | €1,005 | €855 | -€150 | -15.0% |
| Trade receivables | 40 | - | €855 | +€855 | |
| Other amounts receivable | 41 | €1,005 | €0 | -€1,005 | -100% |
| Cash at bank and in hand | 54/58 | €11,981 | €4,541 | -€7,439 | -62.1% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €234,960 | €247,087 | +€12,127 | +5.2% |
| Equity | 10/15 | -€18,010 | -€38,318 | -€20,308 | -113% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,010 | -€42,318 | -€20,308 | -92.3% |
| Amounts payable | 17/49 | €252,970 | €285,405 | +€32,435 | +12.8% |
| Amounts payable after more than one year | 17 | €157,088 | €182,215 | +€25,126 | +16.0% |
| Financial debts | 170/4 | €157,088 | €182,215 | +€25,126 | +16.0% |
| Amounts payable within one year | 42/48 | €95,882 | €103,191 | +€7,309 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €5,033 | €6,962 | +€1,929 | +38.3% |
| Trade debts | 44 | €449 | €371 | -€78 | -17.3% |
| Suppliers | 440/4 | €449 | €371 | -€78 | -17.3% |
| Taxes, remuneration and social security | 45 | - | €357 | +€357 | |
| Taxes | 450/3 | - | €357 | +€357 | |
| Other amounts payable | 47/48 | €90,400 | €95,500 | +€5,100 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,908 | €8,834 | +€926 | +11.7% |
| Other operating charges | 640/8 | €459 | €603 | +€144 | +31.5% |
| Gross operating margin | 9900 | -€6,582 | -€3,203 | +€3,379 | +51.3% |
| Operating profit (loss) | 9901 | -€14,949 | -€12,641 | +€2,308 | +15.4% |
| Financial charges | 65/66B | €7,061 | €7,667 | +€606 | +8.6% |
| Recurring financial charges | 65 | €7,061 | €7,667 | +€606 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,010 | -€20,308 | +€1,702 | +7.7% |
| Profit (loss) for the period | 9904 | -€22,010 | -€20,308 | +€1,702 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,010 | -€20,308 | +€1,702 | +7.7% |
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 31 October 2026 via checked.be.