VACRIS: 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.
What changed
VACRIS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,201
2024 · €536,649-€479,448
Equity
€6.1m
2024 · €6.1m+€57,201
Cash
€497,966
2024 · €469,643+€28,324
Balance sheet total
€10.5m
2024 · €10.5m+€48,602
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€592,359
down €592,359 (-57.4%), from €1.0m to €439,120
- Taxes -€80,219
down €80,219 (-72.7%), from €110,331 to €30,112
- Depreciation +€29,070
up €29,070 (+9.4%), from €310,418 to €339,488
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.
Result 2024
€536,649
Gross operating margin
-€592,359
Depreciation
-€29,070
Other operating charges
-€7,984
Financial income
-€9,777
Financial charges
-€77
Taxes
+€80,219
Deferred taxes and other
+€79,601
Result 2025
€57,201
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.
From operations
+€397,067
Investment
-€368,743
Financing
€0
Cash 2024
€469,643
From operations (derived)
+€397,067
Net result for the year
+€57,201
Depreciation
+€339,488
Receivables within one year
+€5,513
Deferred charges and accrued income
+€3,464
Provisions
-€7,464
Trade debts
+€2,083
Other debts
+€273
Accrued charges and deferred income
-€3,491
Investment (derived)
-€368,743
Investment in fixed assets (net)
-€357,256
Current investments
-€11,487
Cash 2025
€497,966
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,493,501 | €10,542,103 | +€48,602 | +0.5% |
| Fixed assets | 21/28 | €7,779,816 | €7,797,584 | +€17,768 | +0.2% |
| Tangible fixed assets | 22/27 | €7,761,929 | €7,778,257 | +€16,328 | +0.2% |
| Land and buildings | 22 | €7,678,269 | €7,674,440 | -€3,829 | 0.0% |
| Plant, machinery and equipment | 23 | €42,942 | €84,222 | +€41,280 | +96.1% |
| Furniture and vehicles | 24 | €27,753 | €16,418 | -€11,335 | -40.8% |
| Other tangible fixed assets | 26 | €3,982 | €3,176 | -€806 | -20.2% |
| Assets under construction and advance payments | 27 | €8,982 | €0 | -€8,982 | -100.0% |
| Financial fixed assets | 28 | €17,887 | €19,327 | +€1,440 | +8.1% |
| Current assets | 29/58 | €2,713,685 | €2,744,519 | +€30,834 | +1.1% |
| Amounts receivable within one year | 40/41 | €26,434 | €20,921 | -€5,513 | -20.9% |
| Trade receivables | 40 | €7,337 | €7,173 | -€164 | -2.2% |
| Other amounts receivable | 41 | €19,097 | €13,748 | -€5,349 | -28.0% |
| Current investments | 50/53 | €2,200,000 | €2,211,487 | +€11,487 | +0.5% |
| Cash at bank and in hand | 54/58 | €469,643 | €497,966 | +€28,324 | +6.0% |
| Deferred charges and accrued income | 490/1 | €17,609 | €14,145 | -€3,464 | -19.7% |
| Total equity and liabilities | 10/49 | €10,493,501 | €10,542,103 | +€48,602 | +0.5% |
| Equity | 10/15 | €6,054,163 | €6,111,365 | +€57,201 | +0.9% |
| Contributions | 10/11 | €4,778,344 | €4,720,152 | -€58,192 | -1.2% |
| Reserves | 13 | €403,472 | €439,272 | +€35,800 | +8.9% |
| Non-distributable reserves | 130/1 | €22,434 | €22,434 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,434 | €22,434 | = | 0.0% |
| Tax-exempt reserves | 132 | €368,694 | €404,495 | +€35,800 | +9.7% |
| Distributable reserves | 133 | €12,343 | €12,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €872,348 | €951,941 | +€79,593 | +9.1% |
| Provisions and deferred taxes | 16 | €122,898 | €115,434 | -€7,464 | -6.1% |
| Deferred taxes | 168 | €122,898 | €115,434 | -€7,464 | -6.1% |
| Amounts payable | 17/49 | €4,316,440 | €4,315,304 | -€1,135 | 0.0% |
| Amounts payable after more than one year | 17 | €4,262,330 | €4,262,330 | = | 0.0% |
| Other amounts payable | 178/9 | €4,262,330 | €4,262,330 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,313 | €5,669 | +€2,356 | +71.1% |
| Trade debts | 44 | €2,020 | €4,103 | +€2,083 | +103.1% |
| Suppliers | 440/4 | €2,020 | €4,103 | +€2,083 | +103.1% |
| Other amounts payable | 47/48 | €1,293 | €1,565 | +€273 | +21.1% |
| Accrued charges and deferred income | 492/3 | €50,797 | €47,306 | -€3,491 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,418 | €339,488 | +€29,070 | +9.4% |
| Other operating charges | 640/8 | €47,814 | €55,798 | +€7,984 | +16.7% |
| Gross operating margin | 9900 | €1,031,480 | €439,120 | -€592,359 | -57.4% |
| Operating profit (loss) | 9901 | €673,248 | €43,835 | -€629,413 | -93.5% |
| Financial income | 75/76B | €46,522 | €36,745 | -€9,777 | -21.0% |
| Recurring financial income | 75 | €46,522 | €36,745 | -€9,777 | -21.0% |
| Financial charges | 65/66B | €654 | €730 | +€77 | +11.7% |
| Recurring financial charges | 65 | €654 | €730 | +€77 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €719,117 | €79,850 | -€639,267 | -88.9% |
| Transfer from deferred taxes | 780 | €2,482 | €7,464 | +€4,982 | +200.8% |
| Transfer to deferred taxes | 680 | €74,619 | €0 | -€74,619 | -100.0% |
| Income taxes | 67/77 | €110,331 | €30,112 | -€80,219 | -72.7% |
| Profit (loss) for the period | 9904 | €536,649 | €57,201 | -€479,448 | -89.3% |
| Transfer from tax-exempt reserves | 789 | €7,445 | €22,392 | +€14,947 | +200.8% |
| Transfer to tax-exempt reserves | 689 | €223,856 | €0 | -€223,856 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €320,238 | €79,593 | -€240,645 | -75.1% |
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 7 October 2026 via checked.be.