Vaessen Aluminium: what changed
What changed
Vaessen Aluminium
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.6m+€319,629
Equity
€79.3m
2024 · €77.4m+€1.9m
Cash
€4,417
2024 · €8.6m-€8.6m
Balance sheet total
€109.0m
2024 · €102.0m+€7.0m
Largest movements
Assets
- Financial fixed assets +€18.6m
up €18.6m (+28.3%), from €65.9m to €84.5m
- Receivables after one year -€13.0m
no longer reported in 2025 (was €13.0m)
- Receivables within one year +€9.5m
up €9.5m (+71.7%), from €13.3m to €22.8m
of which Other amounts receivable: +€9.3m
- Cash -€8.6m
down €8.6m (-99.9%), from €8.6m to €4,417
mainly Investment in fixed assets (net) (-€19.3m) and Receivables within one year (-€9.5m)
Equity and liabilities
- Short-term financial debts +€2.1m
new in 2025: €2.1m
- Profit (loss) carried forward +€1.9m
up €1.9m (+3.2%), from €60.3m to €62.2m
- Trade debts +€1.6m
up €1.6m (+404%), from €408,585 to €2.1m
- Other debts +€1.4m
up €1.4m (+5.6%), from €23.9m to €25.3m
Income statement
- Financial income +€916,215
up €916,215 (+111%), from €822,805 to €1.7m
- Financial charges +€912,906
up €912,906 (+219%), from €416,608 to €1.3m
- Turnover +€321,653
up €321,653 (+6.5%), from €4.9m to €5.2m
- Depreciation +€92,193
up €92,193 (+361%), from €25,557 to €117,750
- Services and other goods -€65,134
down €65,134 (-2.2%), from €2.9m to €2.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.6m
Turnover
+€321,653
Other operating income
+€1,303
Services and other goods
+€65,134
Staff costs
+€32,368
Depreciation
-€92,193
Other operating charges
-€31
Other operating items
+€10,159
Financial income
+€916,215
Financial charges
-€912,906
Taxes
-€22,073
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8.6m
Investment
-€19.3m
Financing
+€2.0m
Cash 2024
€8.6m
From operations (derived)
+€8.6m
Net result for the year
+€2.0m
Depreciation
+€117,750
Receivables after one year
+€13.0m
Receivables within one year
-€9.5m
Smaller working-capital items
-€42,450
Trade debts
+€1.6m
Other debts
+€1.4m
Accrued charges and deferred income
+€104,233
Investment (derived)
-€19.3m
Investment in fixed assets (net)
-€19.3m
Financing
+€2.0m
Short-term financial debts
+€2.1m
Contributions, distributions and other
-€50,000
Cash 2025
€4,417
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,998,132 | €109,042,053 | +€7.0m | +6.9% |
| Fixed assets | 21/28 | €66,016,159 | €85,164,522 | +€19.1m | +29.0% |
| Intangible fixed assets | 21 | - | €357,559 | +€357,559 | |
| Tangible fixed assets | 22/27 | €155,107 | €305,912 | +€150,804 | +97.2% |
| Furniture and vehicles | 24 | €155,107 | €98,098 | -€57,009 | -36.8% |
| Assets under construction and advance payments | 27 | - | €207,814 | +€207,814 | |
| Financial fixed assets | 28 | €65,861,051 | €84,501,051 | +€18.6m | +28.3% |
| Affiliated companies | 280/1 | €65,861,051 | €84,501,051 | +€18.6m | +28.3% |
| Participating interests | 280 | €65,861,051 | €84,501,051 | +€18.6m | +28.3% |
| Current assets | 29/58 | €35,981,973 | €23,877,531 | -€12.1m | -33.6% |
| Amounts receivable after more than one year | 29 | €13,000,000 | - | -€13.0m | |
| Trade receivables | 290 | €13,000,000 | - | -€13.0m | |
| Amounts receivable within one year | 40/41 | €13,251,747 | €22,750,643 | +€9.5m | +71.7% |
| Trade receivables | 40 | €213,153 | €412,892 | +€199,739 | +93.7% |
| Other amounts receivable | 41 | €13,038,594 | €22,337,752 | +€9.3m | +71.3% |
| Current investments | 50/53 | €1,108,858 | €1,108,858 | = | 0.0% |
| Own shares | 50 | €1,108,858 | €1,108,858 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,621,368 | €4,417 | -€8.6m | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €13,613 | +€13,613 | |
| Total equity and liabilities | 10/49 | €101,998,132 | €109,042,053 | +€7.0m | +6.9% |
| Equity | 10/15 | €77,402,341 | €79,312,873 | +€1.9m | +2.5% |
| Contributions | 10/11 | €10,076,383 | €10,076,383 | = | 0.0% |
| Reserves | 13 | €7,064,763 | €7,064,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,108,858 | €1,108,858 | = | 0.0% |
| Own shares acquired | 1312 | €1,108,858 | €1,108,858 | = | 0.0% |
| Distributable reserves | 133 | €5,955,905 | €5,955,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,261,195 | €62,171,727 | +€1.9m | +3.2% |
| Amounts payable | 17/49 | €24,595,791 | €29,729,180 | +€5.1m | +20.9% |
| Amounts payable within one year | 42/48 | €24,547,791 | €29,576,948 | +€5.0m | +20.5% |
| Financial debts | 43 | - | €2,056,539 | +€2.1m | |
| Credit institutions | 430/8 | - | €2,056,539 | +€2.1m | |
| Trade debts | 44 | €408,585 | €2,058,427 | +€1.6m | +404% |
| Suppliers | 440/4 | €408,585 | €2,058,427 | +€1.6m | +404% |
| Taxes, remuneration and social security | 45 | €216,133 | €187,295 | -€28,837 | -13.3% |
| Taxes | 450/3 | €70,699 | €97,953 | +€27,254 | +38.5% |
| Remuneration and social security | 454/9 | €145,433 | €89,342 | -€56,091 | -38.6% |
| Other amounts payable | 47/48 | €23,923,073 | €25,274,686 | +€1.4m | +5.6% |
| Accrued charges and deferred income | 492/3 | €48,000 | €152,233 | +€104,233 | +217% |
| Operating income | 70/76A | €4,965,012 | €5,287,968 | +€322,955 | +6.5% |
| Turnover | 70 | €4,914,600 | €5,236,253 | +€321,653 | +6.5% |
| Other operating income | 74 | €50,412 | €51,715 | +€1,303 | +2.6% |
| Operating charges | 60/66A | €3,674,048 | €3,658,610 | -€15,437 | -0.4% |
| Services and other goods | 61 | €2,898,240 | €2,833,106 | -€65,134 | -2.2% |
| Remuneration, social security and pensions | 62 | €731,951 | €699,583 | -€32,368 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,557 | €117,750 | +€92,193 | +361% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Non-recurring operating charges | 66A | €17,271 | €7,112 | -€10,159 | -58.8% |
| Operating profit (loss) | 9901 | €1,290,965 | €1,629,357 | +€338,393 | +26.2% |
| Financial income | 75/76B | €822,805 | €1,739,021 | +€916,215 | +111% |
| Recurring financial income | 75 | €822,805 | €1,739,021 | +€916,215 | +111% |
| Income from current assets | 751 | €107,806 | €1,500,683 | +€1.4m | +1,292% |
| Other financial income | 752/9 | €715,000 | €238,338 | -€476,662 | -66.7% |
| Financial charges | 65/66B | €416,608 | €1,329,515 | +€912,906 | +219% |
| Recurring financial charges | 65 | €416,608 | €1,329,515 | +€912,906 | +219% |
| Debt charges | 650 | €401,985 | €1,281,034 | +€879,049 | +219% |
| Other financial charges | 652/9 | €14,624 | €48,481 | +€33,857 | +232% |
| Profit (loss) for the period before taxes | 9903 | €1,697,162 | €2,038,863 | +€341,702 | +20.1% |
| Income taxes | 67/77 | €56,258 | €78,331 | +€22,073 | +39.2% |
| Taxes | 670/3 | €56,258 | €78,331 | +€22,073 | +39.2% |
| Profit (loss) for the period | 9904 | €1,640,904 | €1,960,532 | +€319,629 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,640,904 | €1,960,532 | +€319,629 | +19.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.