VACLAR: 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.
VACLAR
Largest movements
- Cash -€7,602
down €7,602 (-15.7%), from €48,411 to €40,809
mainly Receivables within one year (-€6,119) and Stocks and contracts (-€1,508)
- Receivables within one year +€6,119
up €6,119 (+14.8%), from €41,443 to €47,562
of which Other amounts receivable: +€3,639
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,544
down €4,544 (-59.6%), from €7,627 to €3,083
- Taxes -€1,506
down €1,506 (-93.2%), from €1,616 to €111
- Financial charges -€88
down €88 (-5.9%), from €1,485 to €1,397
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 | €241,049 | €241,977 | +€928 | +0.4% |
| Fixed assets | 21/28 | €149,837 | €149,837 | = | 0.0% |
| Tangible fixed assets | 22/27 | €149,837 | €149,837 | = | 0.0% |
| Land and buildings | 22 | €149,837 | €149,837 | = | 0.0% |
| Current assets | 29/58 | €91,212 | €92,140 | +€928 | +1.0% |
| Stocks and contracts in progress | 3 | €1,358 | €2,866 | +€1,508 | +111% |
| Stocks | 30/36 | €1,358 | €2,866 | +€1,508 | +111% |
| Amounts receivable within one year | 40/41 | €41,443 | €47,562 | +€6,119 | +14.8% |
| Trade receivables | 40 | €41,180 | €43,660 | +€2,480 | +6.0% |
| Other amounts receivable | 41 | €263 | €3,903 | +€3,639 | +1,382% |
| Cash at bank and in hand | 54/58 | €48,411 | €40,809 | -€7,602 | -15.7% |
| Deferred charges and accrued income | 490/1 | - | €903 | +€903 | |
| Total equity and liabilities | 10/49 | €241,049 | €241,977 | +€928 | +0.4% |
| Equity | 10/15 | €220,373 | €220,610 | +€237 | +0.1% |
| Contributions | 10/11 | €128,905 | €128,905 | = | 0.0% |
| Capital | 10 | €128,905 | €128,905 | = | 0.0% |
| Issued capital | 100 | €128,905 | €128,905 | = | 0.0% |
| Reserves | 13 | €91,468 | €91,705 | +€237 | +0.3% |
| Non-distributable reserves | 130/1 | €12,890 | €12,890 | = | 0.0% |
| Legal reserve | 130 | €12,890 | €12,890 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,275 | €2,275 | = | 0.0% |
| Distributable reserves | 133 | €76,303 | €76,540 | +€237 | +0.3% |
| Amounts payable | 17/49 | €20,676 | €21,367 | +€691 | +3.3% |
| Amounts payable within one year | 42/48 | €20,676 | €21,367 | +€691 | +3.3% |
| Trade debts | 44 | €395 | €0 | -€395 | -100% |
| Suppliers | 440/4 | €395 | €0 | -€395 | -100% |
| Taxes, remuneration and social security | 45 | €3,169 | €3,274 | +€105 | +3.3% |
| Taxes | 450/3 | €3,169 | €3,274 | +€105 | +3.3% |
| Other amounts payable | 47/48 | €17,112 | €18,093 | +€980 | +5.7% |
| Other operating charges | 640/8 | €1,370 | €1,338 | -€31 | -2.3% |
| Gross operating margin | 9900 | €7,627 | €3,083 | -€4,544 | -59.6% |
| Operating profit (loss) | 9901 | €6,258 | €1,745 | -€4,513 | -72.1% |
| Financial charges | 65/66B | €1,485 | €1,397 | -€88 | -5.9% |
| Recurring financial charges | 65 | €1,485 | €1,397 | -€88 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €4,773 | €348 | -€4,425 | -92.7% |
| Income taxes | 67/77 | €1,616 | €111 | -€1,506 | -93.2% |
| Profit (loss) for the period | 9904 | €3,157 | €237 | -€2,920 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,157 | €237 | -€2,920 | -92.5% |
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 27 October 2026 via checked.be.