VACS Services: 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.
VACS Services
Largest movements
- Cash +€54,118
up €54,118 (+155.0%), from €34,917 to €89,035
mainly Net result for the year (+€75,880) and Current investments (+€11,797)
- Current investments -€11,797
down €11,797 (-4.0%), from €298,419 to €286,622
- Tangible fixed assets -€5,954
down €5,954 (-8.5%), from €69,878 to €63,924
of which Land and buildings: -€6,075
- Reserves +€30,092
up €30,092 (+7.7%), from €392,008 to €422,100
of which Distributable reserves: +€30,092
- Trade debts +€5,518
up €5,518 (+470.4%), from €1,173 to €6,691
- Tax, wage and social debts +€4,733
up €4,733 (+27.6%), from €17,163 to €21,896
- Turnover -€200,221
no longer reported in 2025 (was €200,221)
- Purchases and services -€100,879
no longer reported in 2025 (was €100,879)
- Financial charges +€10,849
up €10,849 (+502.0%), from €2,161 to €13,010
- Gross operating margin +€10,159
up €10,159 (+10.2%), from €99,342 to €109,501
- Taxes +€4,680
up €4,680 (+13.1%), from €35,654 to €40,334
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 | €430,256 | €470,905 | +€40,649 | +9.4% |
| Fixed assets | 21/28 | €74,703 | €68,749 | -€5,954 | -8.0% |
| Tangible fixed assets | 22/27 | €69,878 | €63,924 | -€5,954 | -8.5% |
| Land and buildings | 22 | €67,580 | €61,506 | -€6,075 | -9.0% |
| Plant, machinery and equipment | 23 | - | €2,419 | +€2,419 | |
| Furniture and vehicles | 24 | €2,298 | - | -€2,298 | |
| Financial fixed assets | 28 | €4,825 | €4,825 | -€0 | 0.0% |
| Current assets | 29/58 | €355,553 | €402,156 | +€46,603 | +13.1% |
| Amounts receivable within one year | 40/41 | €20,677 | €22,741 | +€2,064 | +10.0% |
| Trade receivables | 40 | €20,677 | €22,468 | +€1,791 | +8.7% |
| Other amounts receivable | 41 | - | €273 | +€273 | |
| Current investments | 50/53 | €298,419 | €286,622 | -€11,797 | -4.0% |
| Cash at bank and in hand | 54/58 | €34,917 | €89,035 | +€54,118 | +155.0% |
| Deferred charges and accrued income | 490/1 | €1,540 | €3,758 | +€2,218 | +144.0% |
| Total equity and liabilities | 10/49 | €430,256 | €470,905 | +€40,649 | +9.4% |
| Equity | 10/15 | €411,533 | €441,704 | +€30,171 | +7.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €392,008 | €422,100 | +€30,092 | +7.7% |
| Non-distributable reserves | 130/1 | €3,875 | €3,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,875 | €3,875 | = | 0.0% |
| Distributable reserves | 133 | €388,133 | €418,225 | +€30,092 | +7.8% |
| Profit (loss) carried forward | 14 | €775 | €854 | +€79 | +10.2% |
| Amounts payable | 17/49 | €18,723 | €29,201 | +€10,478 | +56.0% |
| Amounts payable within one year | 42/48 | €18,336 | €28,587 | +€10,251 | +55.9% |
| Trade debts | 44 | €1,173 | €6,691 | +€5,518 | +470.4% |
| Suppliers | 440/4 | €1,173 | €6,691 | +€5,518 | +470.4% |
| Taxes, remuneration and social security | 45 | €17,163 | €21,896 | +€4,733 | +27.6% |
| Taxes | 450/3 | €17,163 | €21,896 | +€4,733 | +27.6% |
| Accrued charges and deferred income | 492/3 | €387 | €614 | +€227 | +58.6% |
| Turnover | 70 | €200,221 | - | -€200,221 | |
| Goods, raw materials, services and sundry goods | 60/61 | €100,879 | - | -€100,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,792 | €6,945 | +€153 | +2.2% |
| Other operating charges | 640/8 | €1,420 | €1,478 | +€58 | +4.1% |
| Gross operating margin | 9900 | €99,342 | €109,501 | +€10,159 | +10.2% |
| Operating profit (loss) | 9901 | €91,130 | €101,078 | +€9,948 | +10.9% |
| Financial income | 75/76B | €30,706 | €28,145 | -€2,561 | -8.3% |
| Recurring financial income | 75 | €30,706 | €28,145 | -€2,561 | -8.3% |
| Financial charges | 65/66B | €2,161 | €13,010 | +€10,849 | +502.0% |
| Recurring financial charges | 65 | €2,161 | €13,010 | +€10,849 | +502.0% |
| Profit (loss) for the period before taxes | 9903 | €119,675 | €116,214 | -€3,461 | -2.9% |
| Income taxes | 67/77 | €35,654 | €40,334 | +€4,680 | +13.1% |
| Profit (loss) for the period | 9904 | €84,021 | €75,880 | -€8,141 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,021 | €75,880 | -€8,141 | -9.7% |
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 9 October 2026 via checked.be.