VAJETI: 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.
VAJETI
Largest movements
- Cash -€34,477
down €34,477 (-44.8%), from €77,021 to €42,543
mainly Tax, wage and social debts (-€32,526) and Receivables within one year (-€17,805)
- Receivables within one year +€17,805
up €17,805 (+152%), from €11,676 to €29,481
of which Trade receivables: +€16,329
- Tangible fixed assets -€13,694
down €13,694 (-16.7%), from €81,817 to €68,123
of which Furniture and vehicles: -€13,052
- Tax, wage and social debts -€32,526
down €32,526 (-77.8%), from €41,821 to €9,296
- Reserves +€11,610
up €11,610 (+11.3%), from €102,794 to €114,404
- Debts after one year -€6,199
no longer reported in 2025 (was €6,199)
- Current portion of long-term debt -€4,352
down €4,352 (-41.2%), from €10,551 to €6,199
- Gross operating margin -€12,658
down €12,658 (-24.0%), from €52,665 to €40,007
- Taxes -€2,715
down €2,715 (-38.1%), from €7,119 to €4,404
- Depreciation -€1,626
down €1,626 (-7.2%), from €22,534 to €20,908
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 | €170,962 | €141,089 | -€29,873 | -17.5% |
| Fixed assets | 21/28 | €81,817 | €68,123 | -€13,694 | -16.7% |
| Tangible fixed assets | 22/27 | €81,817 | €68,123 | -€13,694 | -16.7% |
| Plant, machinery and equipment | 23 | €4,196 | €3,555 | -€642 | -15.3% |
| Furniture and vehicles | 24 | €77,621 | €64,569 | -€13,052 | -16.8% |
| Current assets | 29/58 | €89,145 | €72,966 | -€16,179 | -18.1% |
| Amounts receivable within one year | 40/41 | €11,676 | €29,481 | +€17,805 | +152% |
| Trade receivables | 40 | €11,676 | €28,005 | +€16,329 | +140% |
| Other amounts receivable | 41 | - | €1,476 | +€1,476 | |
| Cash at bank and in hand | 54/58 | €77,021 | €42,543 | -€34,477 | -44.8% |
| Deferred charges and accrued income | 490/1 | €449 | €942 | +€493 | +110% |
| Total equity and liabilities | 10/49 | €170,962 | €141,089 | -€29,873 | -17.5% |
| Equity | 10/15 | €107,794 | €119,404 | +€11,610 | +10.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,794 | €114,404 | +€11,610 | +11.3% |
| Distributable reserves | 133 | €102,794 | €114,404 | +€11,610 | +11.3% |
| Amounts payable | 17/49 | €63,168 | €21,685 | -€41,483 | -65.7% |
| Amounts payable after more than one year | 17 | €6,199 | - | -€6,199 | |
| Financial debts | 170/4 | €6,199 | - | -€6,199 | |
| Amounts payable within one year | 42/48 | €56,969 | €21,685 | -€35,284 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €10,551 | €6,199 | -€4,352 | -41.2% |
| Trade debts | 44 | €250 | €835 | +€585 | +233% |
| Suppliers | 440/4 | €250 | €835 | +€585 | +233% |
| Taxes, remuneration and social security | 45 | €41,821 | €9,296 | -€32,526 | -77.8% |
| Taxes | 450/3 | €41,821 | €9,296 | -€32,526 | -77.8% |
| Other amounts payable | 47/48 | €4,346 | €5,355 | +€1,009 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,534 | €20,908 | -€1,626 | -7.2% |
| Other operating charges | 640/8 | €148 | €150 | +€2 | +1.4% |
| Non-recurring operating charges | 66A | - | €2,601 | +€2,601 | |
| Gross operating margin | 9900 | €52,665 | €40,007 | -€12,658 | -24.0% |
| Operating profit (loss) | 9901 | €29,983 | €16,348 | -€13,635 | -45.5% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €380 | €334 | -€46 | -12.1% |
| Recurring financial charges | 65 | €380 | €334 | -€46 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €29,617 | €16,014 | -€13,603 | -45.9% |
| Income taxes | 67/77 | €7,119 | €4,404 | -€2,715 | -38.1% |
| Profit (loss) for the period | 9904 | €22,498 | €11,610 | -€10,888 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,498 | €11,610 | -€10,888 | -48.4% |
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 17 October 2026 via checked.be.