VACOTEL: 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.
VACOTEL
Largest movements
- Receivables after one year +€27,500
new in 2025: €27,500
- Cash +€6,865
up €6,865 (+206.3%), from €3,328 to €10,193
mainly Net result for the year (+€43,271) and Trade debts (+€3,094)
- Deferred charges and accrued income +€3,973
new in 2025: €3,973
- Tangible fixed assets -€1,482
down €1,482 (-44.5%), from €3,328 to €1,846
of which Furniture and vehicles: -€1,191
- Receivables within one year -€797
down €797 (-38.5%), from €2,072 to €1,275
of which Trade receivables: -€640
- Profit (loss) carried forward +€40,771
up €40,771, from -€40,258 to €512
- Debts after one year -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€3,094
up €3,094 (+3891.6%), from €80 to €3,173
- Reserves +€2,500
up €2,500 (+8.5%), from €29,360 to €31,860
of which Distributable reserves: +€2,500
- Other debts -€614
down €614 (-30.4%), from €2,020 to €1,406
- Gross operating margin +€5,775
up €5,775 (+13.9%), from €41,577 to €47,351
- Financial income +€688
new in 2025: €688
- Other operating charges +€610
up €610 (+28.2%), from €2,160 to €2,769
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 | €23,728 | €59,787 | +€36,059 | +152.0% |
| Fixed assets | 21/28 | €3,328 | €1,846 | -€1,482 | -44.5% |
| Tangible fixed assets | 22/27 | €3,328 | €1,846 | -€1,482 | -44.5% |
| Plant, machinery and equipment | 23 | €1,261 | €971 | -€290 | -23.0% |
| Furniture and vehicles | 24 | €2,066 | €875 | -€1,191 | -57.7% |
| Current assets | 29/58 | €20,400 | €57,941 | +€37,541 | +184.0% |
| Amounts receivable after more than one year | 29 | - | €27,500 | +€27,500 | |
| Other amounts receivable | 291 | - | €27,500 | +€27,500 | |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,072 | €1,275 | -€797 | -38.5% |
| Trade receivables | 40 | €1,690 | €1,050 | -€640 | -37.9% |
| Other amounts receivable | 41 | €383 | €225 | -€158 | -41.2% |
| Cash at bank and in hand | 54/58 | €3,328 | €10,193 | +€6,865 | +206.3% |
| Deferred charges and accrued income | 490/1 | - | €3,973 | +€3,973 | |
| Total equity and liabilities | 10/49 | €23,728 | €59,787 | +€36,059 | +152.0% |
| Equity | 10/15 | €7,702 | €50,972 | +€43,271 | +561.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,360 | €31,860 | +€2,500 | +8.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,500 | €27,500 | = | 0.0% |
| Distributable reserves | 133 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | -€40,258 | €512 | +€40,771 | |
| Amounts payable | 17/49 | €16,026 | €8,815 | -€7,212 | -45.0% |
| Amounts payable after more than one year | 17 | €10,000 | - | -€10,000 | |
| Other amounts payable | 178/9 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €6,026 | €8,815 | +€2,788 | +46.3% |
| Trade debts | 44 | €80 | €3,173 | +€3,094 | +3891.6% |
| Suppliers | 440/4 | €80 | €3,173 | +€3,094 | +3891.6% |
| Taxes, remuneration and social security | 45 | €3,927 | €4,235 | +€309 | +7.9% |
| Taxes | 450/3 | €3,927 | €4,235 | +€309 | +7.9% |
| Other amounts payable | 47/48 | €2,020 | €1,406 | -€614 | -30.4% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,937 | €1,482 | -€455 | -23.5% |
| Other operating charges | 640/8 | €2,160 | €2,769 | +€610 | +28.2% |
| Gross operating margin | 9900 | €41,577 | €47,351 | +€5,775 | +13.9% |
| Operating profit (loss) | 9901 | €37,480 | €43,100 | +€5,620 | +15.0% |
| Financial income | 75/76B | - | €688 | +€688 | |
| Recurring financial income | 75 | - | €688 | +€688 | |
| Financial charges | 65/66B | €350 | €268 | -€82 | -23.5% |
| Recurring financial charges | 65 | €350 | €268 | -€82 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €37,130 | €43,521 | +€6,390 | +17.2% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | €37,130 | €43,271 | +€6,140 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,130 | €43,271 | +€6,140 | +16.5% |
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 9 October 2026 via checked.be.