VACO-Interieur: 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.
VACO-Interieur
Largest movements
- Tangible fixed assets +€49,508
up €49,508 (+41.2%), from €120,092 to €169,600
of which Leasing and similar rights: +€57,470
- Receivables within one year +€19,349
up €19,349 (+299%), from €6,462 to €25,811
of which Trade receivables: +€20,514
- Cash +€17,167
up €17,167 (+13.4%), from €128,330 to €145,496
mainly Net result for the year (+€43,796) and Debts after one year (+€36,394)
- Reserves +€43,796
up €43,796 (+40.8%), from €107,212 to €151,008
- Debts after one year +€36,394
up €36,394 (+37.4%), from €97,207 to €133,602
- Current portion of long-term debt +€12,884
up €12,884 (+144%), from €8,976 to €21,861
- Trade debts -€11,492
down €11,492 (-54.5%), from €21,071 to €9,579
- Tax, wage and social debts +€4,707
up €4,707 (+319%), from €1,478 to €6,185
- Gross operating margin +€36,194
up €36,194 (+76.5%), from €47,318 to €83,512
- Depreciation +€11,613
up €11,613 (+134%), from €8,639 to €20,251
- Taxes +€5,284
up €5,284 (+55.9%), from €9,444 to €14,728
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 | €255,807 | €341,142 | +€85,336 | +33.4% |
| Fixed assets | 21/28 | €120,092 | €169,600 | +€49,508 | +41.2% |
| Tangible fixed assets | 22/27 | €120,092 | €169,600 | +€49,508 | +41.2% |
| Land and buildings | 22 | €117,499 | €109,444 | -€8,055 | -6.9% |
| Plant, machinery and equipment | 23 | €2,592 | €2,686 | +€94 | +3.6% |
| Leasing and similar rights | 25 | - | €57,470 | +€57,470 | |
| Current assets | 29/58 | €135,715 | €171,543 | +€35,828 | +26.4% |
| Amounts receivable within one year | 40/41 | €6,462 | €25,811 | +€19,349 | +299% |
| Trade receivables | 40 | €3,951 | €24,465 | +€20,514 | +519% |
| Other amounts receivable | 41 | €2,511 | €1,347 | -€1,165 | -46.4% |
| Cash at bank and in hand | 54/58 | €128,330 | €145,496 | +€17,167 | +13.4% |
| Deferred charges and accrued income | 490/1 | €923 | €235 | -€688 | -74.5% |
| Total equity and liabilities | 10/49 | €255,807 | €341,142 | +€85,336 | +33.4% |
| Equity | 10/15 | €126,515 | €169,356 | +€42,841 | +33.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €107,212 | €151,008 | +€43,796 | +40.8% |
| Distributable reserves | 133 | €107,212 | €151,008 | +€43,796 | +40.8% |
| Profit (loss) carried forward | 14 | €17,302 | €16,348 | -€954 | -5.5% |
| Amounts payable | 17/49 | €129,292 | €171,786 | +€42,494 | +32.9% |
| Amounts payable after more than one year | 17 | €97,207 | €133,602 | +€36,394 | +37.4% |
| Financial debts | 170/4 | €97,207 | €133,602 | +€36,394 | +37.4% |
| Amounts payable within one year | 42/48 | €31,525 | €37,625 | +€6,100 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €8,976 | €21,861 | +€12,884 | +144% |
| Trade debts | 44 | €21,071 | €9,579 | -€11,492 | -54.5% |
| Suppliers | 440/4 | €21,071 | €9,579 | -€11,492 | -54.5% |
| Taxes, remuneration and social security | 45 | €1,478 | €6,185 | +€4,707 | +319% |
| Taxes | 450/3 | €1,478 | €6,185 | +€4,707 | +319% |
| Accrued charges and deferred income | 492/3 | €560 | €560 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,639 | €20,251 | +€11,613 | +134% |
| Other operating charges | 640/8 | €53 | - | -€53 | |
| Gross operating margin | 9900 | €47,318 | €83,512 | +€36,194 | +76.5% |
| Operating profit (loss) | 9901 | €38,627 | €63,261 | +€24,634 | +63.8% |
| Financial income | 75/76B | €78 | €83 | +€5 | +6.3% |
| Recurring financial income | 75 | €78 | €83 | +€5 | +6.3% |
| Financial charges | 65/66B | €4,369 | €4,820 | +€451 | +10.3% |
| Recurring financial charges | 65 | €4,369 | €4,820 | +€451 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €34,336 | €58,524 | +€24,188 | +70.4% |
| Income taxes | 67/77 | €9,444 | €14,728 | +€5,284 | +55.9% |
| Profit (loss) for the period | 9904 | €24,891 | €43,796 | +€18,904 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,891 | €43,796 | +€18,904 | +75.9% |
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 18 October 2026 via checked.be.