VACCARELLA A. 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.
VACCARELLA A. Construct
Largest movements
- Receivables within one year +€40,907
up €40,907 (+86.0%), from €47,547 to €88,454
of which Trade receivables: +€66,471
- Stocks and contracts -€39,879
down €39,879 (-75.2%), from €53,000 to €13,120
- Cash +€11,379
up €11,379 (+779.8%), from €1,459 to €12,838
mainly Stocks and contracts (+€39,879) and Net result for the year (+€11,150)
- Tangible fixed assets -€2,180
down €2,180 (-41.8%), from €5,210 to €3,030
of which Plant, machinery and equipment: -€4,818
- Profit (loss) carried forward +€11,150
up €11,150 (+17.2%), from €64,733 to €75,884
- Trade debts -€5,197
down €5,197 (-41.4%), from €12,547 to €7,350
- Tax, wage and social debts +€4,457
up €4,457 (+52.0%), from €8,570 to €13,026
of which Taxes: +€5,066
- Short-term financial debts -€1,890
down €1,890 (-25.2%), from €7,492 to €5,602
- Advances received +€1,622
new in 2025: €1,622
- Gross operating margin -€7,419
down €7,419 (-25.2%), from €29,430 to €22,011
- Other operating charges -€4,050
down €4,050 (-70.7%), from €5,727 to €1,678
- Staff costs -€3,443
no longer reported in 2025 (was €3,443)
- Depreciation +€1,086
up €1,086 (+99.2%), from €1,095 to €2,180
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 | €107,602 | €118,364 | +€10,762 | +10.0% |
| Fixed assets | 21/28 | €5,390 | €3,030 | -€2,360 | -43.8% |
| Tangible fixed assets | 22/27 | €5,210 | €3,030 | -€2,180 | -41.8% |
| Plant, machinery and equipment | 23 | €5,210 | €392 | -€4,818 | -92.5% |
| Furniture and vehicles | 24 | - | €2,638 | +€2,638 | |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €102,211 | €115,334 | +€13,122 | +12.8% |
| Stocks and contracts in progress | 3 | €53,000 | €13,120 | -€39,879 | -75.2% |
| Stocks | 30/36 | €53,000 | €13,120 | -€39,879 | -75.2% |
| Amounts receivable within one year | 40/41 | €47,547 | €88,454 | +€40,907 | +86.0% |
| Trade receivables | 40 | €21,291 | €87,762 | +€66,471 | +312.2% |
| Other amounts receivable | 41 | €26,256 | €693 | -€25,564 | -97.4% |
| Cash at bank and in hand | 54/58 | €1,459 | €12,838 | +€11,379 | +779.8% |
| Deferred charges and accrued income | 490/1 | €205 | €921 | +€716 | +348.8% |
| Total equity and liabilities | 10/49 | €107,602 | €118,364 | +€10,762 | +10.0% |
| Equity | 10/15 | €78,993 | €90,144 | +€11,150 | +14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,733 | €75,884 | +€11,150 | +17.2% |
| Amounts payable | 17/49 | €28,608 | €28,220 | -€388 | -1.4% |
| Amounts payable within one year | 42/48 | €28,608 | €28,220 | -€388 | -1.4% |
| Financial debts | 43 | €7,492 | €5,602 | -€1,890 | -25.2% |
| Credit institutions | 430/8 | €7,492 | €5,602 | -€1,890 | -25.2% |
| Trade debts | 44 | €12,547 | €7,350 | -€5,197 | -41.4% |
| Suppliers | 440/4 | €12,547 | €7,350 | -€5,197 | -41.4% |
| Advances received on contracts in progress | 46 | - | €1,622 | +€1,622 | |
| Taxes, remuneration and social security | 45 | €8,570 | €13,026 | +€4,457 | +52.0% |
| Taxes | 450/3 | €7,960 | €13,026 | +€5,066 | +63.6% |
| Remuneration and social security | 454/9 | €609 | - | -€609 | |
| Other amounts payable | 47/48 | - | €620 | +€620 | |
| Remuneration, social security and pensions | 62 | €3,443 | - | -€3,443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €2,180 | +€1,086 | +99.2% |
| Other operating charges | 640/8 | €5,727 | €1,678 | -€4,050 | -70.7% |
| Gross operating margin | 9900 | €29,430 | €22,011 | -€7,419 | -25.2% |
| Operating profit (loss) | 9901 | €19,165 | €18,153 | -€1,012 | -5.3% |
| Financial income | 75/76B | €39 | €37 | -€2 | -4.0% |
| Recurring financial income | 75 | €39 | €37 | -€2 | -4.0% |
| Financial charges | 65/66B | €2,106 | €2,021 | -€85 | -4.1% |
| Recurring financial charges | 65 | €2,106 | €2,021 | -€85 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €17,098 | €16,170 | -€928 | -5.4% |
| Income taxes | 67/77 | €4,947 | €5,019 | +€72 | +1.5% |
| Profit (loss) for the period | 9904 | €12,151 | €11,150 | -€1,001 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,151 | €11,150 | -€1,001 | -8.2% |
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 5 October 2026 via checked.be.