VaCoNi: 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.
VaCoNi
Largest movements
- Cash -€54,171
down €54,171 (-53.3%), from €101,586 to €47,415
mainly Contributions, distributions and other (-€38,000) and Receivables within one year (-€23,421)
- Receivables within one year +€23,421
new in 2025: €23,421
- Stocks and contracts +€21,413
new in 2025: €21,413
- Tangible fixed assets -€1,051
down €1,051 (-61.8%), from €1,701 to €649
of which Furniture and vehicles: -€643
- Reserves -€38,000
down €38,000 (-50.9%), from €74,610 to €36,610
of which Distributable reserves: -€38,000
- Other debts +€36,747
up €36,747 (+243%), from €15,112 to €51,859
- Trade debts -€4,786
down €4,786 (-74.0%), from €6,466 to €1,680
- Tax, wage and social debts -€3,012
down €3,012 (-43.1%), from €6,989 to €3,977
- Profit (loss) carried forward -€1,337
down €1,337, from €9 to -€1,328
- Gross operating margin -€21,012
down €21,012 (-92.0%), from €22,850 to €1,838
- Taxes -€4,709
down €4,709 (-96.8%), from €4,866 to €157
- Other operating charges -€332
no longer reported in 2025 (was €332)
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 | €103,286 | €92,898 | -€10,389 | -10.1% |
| Fixed assets | 21/28 | €1,701 | €649 | -€1,051 | -61.8% |
| Tangible fixed assets | 22/27 | €1,701 | €649 | -€1,051 | -61.8% |
| Plant, machinery and equipment | 23 | €789 | €381 | -€408 | -51.7% |
| Furniture and vehicles | 24 | €911 | €268 | -€643 | -70.6% |
| Current assets | 29/58 | €101,586 | €92,248 | -€9,338 | -9.2% |
| Stocks and contracts in progress | 3 | - | €21,413 | +€21,413 | |
| Contracts in progress | 37 | - | €21,413 | +€21,413 | |
| Amounts receivable within one year | 40/41 | - | €23,421 | +€23,421 | |
| Trade receivables | 40 | - | €23,421 | +€23,421 | |
| Cash at bank and in hand | 54/58 | €101,586 | €47,415 | -€54,171 | -53.3% |
| Total equity and liabilities | 10/49 | €103,286 | €92,898 | -€10,389 | -10.1% |
| Equity | 10/15 | €74,719 | €35,382 | -€39,337 | -52.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €74,610 | €36,610 | -€38,000 | -50.9% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €10 | +€10 | |
| Own shares acquired | 1312 | €10 | - | -€10 | |
| Distributable reserves | 133 | €74,600 | €36,600 | -€38,000 | -50.9% |
| Profit (loss) carried forward | 14 | €9 | -€1,328 | -€1,337 | |
| Amounts payable | 17/49 | €28,567 | €57,515 | +€28,948 | +101% |
| Amounts payable within one year | 42/48 | €28,567 | €57,515 | +€28,948 | +101% |
| Trade debts | 44 | €6,466 | €1,680 | -€4,786 | -74.0% |
| Suppliers | 440/4 | €6,466 | €1,680 | -€4,786 | -74.0% |
| Taxes, remuneration and social security | 45 | €6,989 | €3,977 | -€3,012 | -43.1% |
| Taxes | 450/3 | €6,989 | €3,977 | -€3,012 | -43.1% |
| Other amounts payable | 47/48 | €15,112 | €51,859 | +€36,747 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238 | €1,051 | -€187 | -15.1% |
| Other operating charges | 640/8 | €332 | - | -€332 | |
| Gross operating margin | 9900 | €22,850 | €1,838 | -€21,012 | -92.0% |
| Operating profit (loss) | 9901 | €21,279 | €786 | -€20,493 | -96.3% |
| Financial charges | 65/66B | €1,939 | €1,966 | +€27 | +1.4% |
| Recurring financial charges | 65 | €1,939 | €1,966 | +€27 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €19,340 | -€1,180 | -€20,520 | |
| Income taxes | 67/77 | €4,866 | €157 | -€4,709 | -96.8% |
| Profit (loss) for the period | 9904 | €14,474 | -€1,337 | -€15,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,474 | -€1,337 | -€15,811 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.