VACHO J.: 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.
VACHO J.
Largest movements
- Cash +€13,824
new in 2025: €13,824
mainly Trade debts (+€23,979) and Net result for the year (+€13,332)
- Receivables within one year +€5,029
up €5,029 (+15.0%), from €33,426 to €38,455
of which Trade receivables: +€7,685
- Tangible fixed assets -€1,928
down €1,928 (-51.4%), from €3,754 to €1,826
of which Furniture and vehicles: -€1,166
- Trade debts +€23,979
up €23,979 (+2400.1%), from €999 to €24,979
- Other debts -€16,126
down €16,126 (-55.5%), from €29,081 to €12,954
- Profit (loss) carried forward +€13,332
up €13,332 (+406.1%), from €3,283 to €16,615
- Short-term financial debts -€7,147
down €7,147 (-100.0%), from €7,147 to €0
- Tax, wage and social debts +€2,915
up €2,915 (+52.3%), from €5,571 to €8,487
of which Remuneration and social security: +€3,000
- Gross operating margin +€25,014
up €25,014, from -€3,948 to €21,067
- Financial charges -€2,921
down €2,921 (-40.1%), from €7,278 to €4,358
- Taxes +€1,119
up €1,119 (+320.2%), from €349 to €1,468
- Other operating charges -€550
down €550 (-82.1%), from €670 to €120
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 | €48,081 | €65,034 | +€16,953 | +35.3% |
| Fixed assets | 21/28 | €13,754 | €11,826 | -€1,928 | -14.0% |
| Tangible fixed assets | 22/27 | €3,754 | €1,826 | -€1,928 | -51.4% |
| Plant, machinery and equipment | 23 | €2,182 | €1,420 | -€762 | -34.9% |
| Furniture and vehicles | 24 | €1,572 | €406 | -€1,166 | -74.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €34,327 | €53,208 | +€18,881 | +55.0% |
| Amounts receivable within one year | 40/41 | €33,426 | €38,455 | +€5,029 | +15.0% |
| Trade receivables | 40 | €22,984 | €30,669 | +€7,685 | +33.4% |
| Other amounts receivable | 41 | €10,443 | €7,786 | -€2,656 | -25.4% |
| Cash at bank and in hand | 54/58 | - | €13,824 | +€13,824 | |
| Deferred charges and accrued income | 490/1 | €901 | €929 | +€28 | +3.1% |
| Total equity and liabilities | 10/49 | €48,081 | €65,034 | +€16,953 | +35.3% |
| Equity | 10/15 | €5,283 | €18,615 | +€13,332 | +252.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,283 | €16,615 | +€13,332 | +406.1% |
| Amounts payable | 17/49 | €42,798 | €46,419 | +€3,621 | +8.5% |
| Amounts payable within one year | 42/48 | €42,798 | €46,419 | +€3,621 | +8.5% |
| Financial debts | 43 | €7,147 | €0 | -€7,147 | -100.0% |
| Credit institutions | 430/8 | €7,147 | €0 | -€7,147 | -100.0% |
| Trade debts | 44 | €999 | €24,979 | +€23,979 | +2400.1% |
| Suppliers | 440/4 | €999 | €24,979 | +€23,979 | +2400.1% |
| Taxes, remuneration and social security | 45 | €5,571 | €8,487 | +€2,915 | +52.3% |
| Taxes | 450/3 | €5,571 | €5,487 | -€85 | -1.5% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €29,081 | €12,954 | -€16,126 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,795 | €1,928 | +€133 | +7.4% |
| Other operating charges | 640/8 | €670 | €120 | -€550 | -82.1% |
| Gross operating margin | 9900 | -€3,948 | €21,067 | +€25,014 | |
| Operating profit (loss) | 9901 | -€6,412 | €19,019 | +€25,431 | |
| Financial income | 75/76B | €188 | €140 | -€48 | -25.7% |
| Recurring financial income | 75 | €188 | €140 | -€48 | -25.7% |
| Financial charges | 65/66B | €7,278 | €4,358 | -€2,921 | -40.1% |
| Recurring financial charges | 65 | €7,278 | €4,358 | -€2,921 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,503 | €14,800 | +€28,303 | |
| Income taxes | 67/77 | €349 | €1,468 | +€1,119 | +320.2% |
| Profit (loss) for the period | 9904 | -€13,852 | €13,332 | +€27,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,852 | €13,332 | +€27,185 |
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 1 October 2026 via checked.be.