VAJAS: 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.
VAJAS
Largest movements
- Tangible fixed assets +€33,595
up €33,595 (+5.7%), from €586,646 to €620,240
of which Land and buildings: +€436,928
- Receivables within one year +€9,321
up €9,321 (+47.2%), from €19,728 to €29,049
of which Trade receivables: +€9,321
- Trade debts +€16,335
up €16,335 (+57.4%), from €28,460 to €44,795
- Reserves +€14,635
up €14,635 (+69.2%), from €21,155 to €35,790
- Other debts +€10,246
up €10,246 (+2.0%), from €518,849 to €529,095
- Gross operating margin +€11,013
up €11,013 (+40.9%), from €26,945 to €37,958
- Financial charges -€9,458
down €9,458 (-47.0%), from €20,113 to €10,656
- Taxes +€4,466
up €4,466 (+537.8%), from €830 to €5,297
- Financial income -€3,095
no longer reported in 2025 (was €3,095)
- Other operating charges +€491
up €491 (+349.5%), from €141 to €632
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 | €620,275 | €665,763 | +€45,489 | +7.3% |
| Fixed assets | 21/28 | €586,646 | €620,240 | +€33,595 | +5.7% |
| Tangible fixed assets | 22/27 | €586,646 | €620,240 | +€33,595 | +5.7% |
| Land and buildings | 22 | €183,312 | €620,240 | +€436,928 | +238.4% |
| Other tangible fixed assets | 26 | €403,333 | €0 | -€403,333 | -100.0% |
| Current assets | 29/58 | €33,629 | €45,523 | +€11,894 | +35.4% |
| Amounts receivable within one year | 40/41 | €19,728 | €29,049 | +€9,321 | +47.2% |
| Trade receivables | 40 | €19,416 | €28,737 | +€9,321 | +48.0% |
| Other amounts receivable | 41 | €312 | €312 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,081 | €4,552 | +€2,472 | +118.8% |
| Deferred charges and accrued income | 490/1 | €11,821 | €11,922 | +€102 | +0.9% |
| Total equity and liabilities | 10/49 | €620,275 | €665,763 | +€45,489 | +7.3% |
| Equity | 10/15 | €71,155 | €85,790 | +€14,635 | +20.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €21,155 | €35,790 | +€14,635 | +69.2% |
| Distributable reserves | 133 | €21,155 | €35,790 | +€14,635 | +69.2% |
| Amounts payable | 17/49 | €549,120 | €579,973 | +€30,854 | +5.6% |
| Amounts payable within one year | 42/48 | €549,120 | €579,973 | +€30,854 | +5.6% |
| Trade debts | 44 | €28,460 | €44,795 | +€16,335 | +57.4% |
| Suppliers | 440/4 | €28,460 | €44,795 | +€16,335 | +57.4% |
| Taxes, remuneration and social security | 45 | €1,810 | €6,083 | +€4,273 | +236.0% |
| Taxes | 450/3 | €1,810 | €6,083 | +€4,273 | +236.0% |
| Other amounts payable | 47/48 | €518,849 | €529,095 | +€10,246 | +2.0% |
| Non-recurring operating income | 76A | €40,333 | €40,333 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,739 | €6,739 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €632 | +€491 | +349.5% |
| Gross operating margin | 9900 | €26,945 | €37,958 | +€11,013 | +40.9% |
| Operating profit (loss) | 9901 | €20,066 | €30,588 | +€10,522 | +52.4% |
| Financial income | 75/76B | €3,095 | - | -€3,095 | |
| Recurring financial income | 75 | €3,095 | - | -€3,095 | |
| Financial charges | 65/66B | €20,113 | €10,656 | -€9,458 | -47.0% |
| Recurring financial charges | 65 | €20,113 | €10,656 | -€9,458 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €3,048 | €19,932 | +€16,884 | +554.0% |
| Income taxes | 67/77 | €830 | €5,297 | +€4,466 | +537.8% |
| Profit (loss) for the period | 9904 | €2,217 | €14,635 | +€12,418 | +560.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,217 | €14,635 | +€12,418 | +560.1% |
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 12 October 2026 via checked.be.