VAHACLEAN: 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.
VAHACLEAN
Largest movements
- Receivables within one year +€16,191
up €16,191 (+60.4%), from €26,788 to €42,979
of which Trade receivables: +€23,599
- Tangible fixed assets -€10,849
down €10,849 (-16.9%), from €64,107 to €53,258
of which Furniture and vehicles: -€14,992
- Deferred charges and accrued income +€4,724
up €4,724 (+52.7%), from €8,968 to €13,692
- Advances received +€13,636
new in 2025: €13,636
- Current portion of long-term debt -€12,804
down €12,804 (-57.0%), from €22,444 to €9,640
- Debts after one year -€9,640
no longer reported in 2025 (was €9,640)
- Other debts +€6,309
up €6,309 (+61.9%), from €10,194 to €16,503
- Reserves +€5,809
up €5,809 (+13.1%), from €44,239 to €50,049
- Depreciation -€9,810
down €9,810 (-25.8%), from €38,077 to €28,267
- Gross operating margin -€4,284
down €4,284 (-9.5%), from €44,985 to €40,701
- Taxes +€1,654
up €1,654 (+143%), from €1,158 to €2,812
- Other operating charges +€702
up €702 (+27.5%), from €2,556 to €3,258
- Financial charges -€465
down €465 (-41.7%), from €1,114 to €649
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.
Derived cash bridge
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 | €118,904 | €127,140 | +€8,236 | +6.9% |
| Fixed assets | 21/28 | €65,142 | €54,293 | -€10,849 | -16.7% |
| Tangible fixed assets | 22/27 | €64,107 | €53,258 | -€10,849 | -16.9% |
| Plant, machinery and equipment | 23 | €20,819 | €25,990 | +€5,171 | +24.8% |
| Furniture and vehicles | 24 | €16,912 | €1,920 | -€14,992 | -88.6% |
| Other tangible fixed assets | 26 | €26,376 | €25,348 | -€1,028 | -3.9% |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €53,763 | €72,847 | +€19,084 | +35.5% |
| Stocks and contracts in progress | 3 | €1,256 | - | -€1,256 | |
| Contracts in progress | 37 | €1,256 | - | -€1,256 | |
| Amounts receivable within one year | 40/41 | €26,788 | €42,979 | +€16,191 | +60.4% |
| Trade receivables | 40 | €17,538 | €41,137 | +€23,599 | +135% |
| Other amounts receivable | 41 | €9,250 | €1,842 | -€7,409 | -80.1% |
| Cash at bank and in hand | 54/58 | €16,750 | €16,176 | -€574 | -3.4% |
| Deferred charges and accrued income | 490/1 | €8,968 | €13,692 | +€4,724 | +52.7% |
| Total equity and liabilities | 10/49 | €118,904 | €127,140 | +€8,236 | +6.9% |
| Equity | 10/15 | €59,239 | €65,049 | +€5,809 | +9.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €44,239 | €50,049 | +€5,809 | +13.1% |
| Distributable reserves | 133 | €44,239 | €50,049 | +€5,809 | +13.1% |
| Amounts payable | 17/49 | €59,665 | €62,091 | +€2,426 | +4.1% |
| Amounts payable after more than one year | 17 | €9,640 | - | -€9,640 | |
| Financial debts | 170/4 | €9,640 | - | -€9,640 | |
| Amounts payable within one year | 42/48 | €43,425 | €55,311 | +€11,887 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €22,444 | €9,640 | -€12,804 | -57.0% |
| Trade debts | 44 | €6,072 | €6,853 | +€780 | +12.8% |
| Suppliers | 440/4 | €6,072 | €6,853 | +€780 | +12.8% |
| Advances received on contracts in progress | 46 | - | €13,636 | +€13,636 | |
| Taxes, remuneration and social security | 45 | €4,714 | €8,679 | +€3,965 | +84.1% |
| Taxes | 450/3 | €2,101 | €5,959 | +€3,858 | +184% |
| Remuneration and social security | 454/9 | €2,613 | €2,720 | +€107 | +4.1% |
| Other amounts payable | 47/48 | €10,194 | €16,503 | +€6,309 | +61.9% |
| Accrued charges and deferred income | 492/3 | €6,600 | €6,780 | +€180 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,077 | €28,267 | -€9,810 | -25.8% |
| Other operating charges | 640/8 | €2,556 | €3,258 | +€702 | +27.5% |
| Gross operating margin | 9900 | €44,985 | €40,701 | -€4,284 | -9.5% |
| Operating profit (loss) | 9901 | €4,353 | €9,177 | +€4,824 | +111% |
| Financial income | 75/76B | €325 | €93 | -€232 | -71.4% |
| Recurring financial income | 75 | €325 | €93 | -€232 | -71.4% |
| Financial charges | 65/66B | €1,114 | €649 | -€465 | -41.7% |
| Recurring financial charges | 65 | €1,114 | €649 | -€465 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €3,564 | €8,621 | +€5,057 | +142% |
| Income taxes | 67/77 | €1,158 | €2,812 | +€1,654 | +143% |
| Profit (loss) for the period | 9904 | €2,406 | €5,809 | +€3,403 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €2,406 | €5,809 | +€3,403 | +141% |
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 16 October 2026 via checked.be.