VACRO: 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.
VACRO
Largest movements
- Cash +€687
up €687 (+63.9%), from €1,076 to €1,763
mainly Other debts (+€3,300) and Trade debts (+€1,380)
- Tangible fixed assets -€205
down €205 (-1.8%), from €11,568 to €11,363
- Profit (loss) carried forward -€4,197
down €4,197 (-4.5%), from -€92,955 to -€97,152
- Other debts +€3,300
up €3,300 (+11.5%), from €28,752 to €32,052
- Trade debts +€1,380
new in 2025: €1,380
- Gross operating margin -€6,984
down €6,984, from €5,588 to -€1,396
- Depreciation -€4,277
down €4,277 (-95.4%), from €4,482 to €205
- Other operating charges -€1,299
down €1,299 (-34.8%), from €3,731 to €2,432
- Financial charges -€89
down €89 (-34.9%), from €254 to €165
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 | €12,644 | €13,127 | +€483 | +3.8% |
| Fixed assets | 21/28 | €11,568 | €11,363 | -€205 | -1.8% |
| Tangible fixed assets | 22/27 | €11,568 | €11,363 | -€205 | -1.8% |
| Land and buildings | 22 | €11,568 | €11,363 | -€205 | -1.8% |
| Current assets | 29/58 | €1,076 | €1,763 | +€687 | +63.9% |
| Cash at bank and in hand | 54/58 | €1,076 | €1,763 | +€687 | +63.9% |
| Total equity and liabilities | 10/49 | €12,644 | €13,127 | +€483 | +3.8% |
| Equity | 10/15 | -€16,108 | -€20,305 | -€4,197 | -26.1% |
| Contributions | 10/11 | €76,847 | €76,847 | = | 0.0% |
| Capital | 10 | €76,847 | €76,847 | = | 0.0% |
| Issued capital | 100 | €76,847 | €76,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,955 | -€97,152 | -€4,197 | -4.5% |
| Amounts payable | 17/49 | €28,752 | €33,432 | +€4,680 | +16.3% |
| Amounts payable within one year | 42/48 | €28,752 | €33,432 | +€4,680 | +16.3% |
| Trade debts | 44 | - | €1,380 | +€1,380 | |
| Suppliers | 440/4 | - | €1,380 | +€1,380 | |
| Other amounts payable | 47/48 | €28,752 | €32,052 | +€3,300 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,482 | €205 | -€4,277 | -95.4% |
| Other operating charges | 640/8 | €3,731 | €2,432 | -€1,299 | -34.8% |
| Gross operating margin | 9900 | €5,588 | -€1,396 | -€6,984 | |
| Operating profit (loss) | 9901 | -€2,624 | -€4,032 | -€1,408 | -53.6% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €254 | €165 | -€89 | -34.9% |
| Recurring financial charges | 65 | €254 | €165 | -€89 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,859 | -€4,197 | -€1,338 | -46.8% |
| Profit (loss) for the period | 9904 | -€2,859 | -€4,197 | -€1,338 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,859 | -€4,197 | -€1,338 | -46.8% |
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 29 September 2026 via checked.be.