VAK'APART: 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.
VAK'APART
Largest movements
- Cash -€34,250
down €34,250 (-76.0%), from €45,039 to €10,789
mainly Contributions, distributions and other (-€34,080) and Other debts (-€15,683)
- Tangible fixed assets -€14,720
down €14,720 (-24.5%), from €60,073 to €45,353
of which Furniture and vehicles: -€9,886
- Receivables within one year +€13,406
up €13,406 (+131%), from €10,203 to €23,609
of which Other amounts receivable: +€13,772
- Reserves -€19,229
down €19,229 (-51.7%), from €37,195 to €17,966
- Other debts -€15,683
down €15,683 (-100%), from €15,683 to €0
- Short-term financial debts +€10,000
new in 2025: €10,000
- Debts after one year -€8,646
down €8,646 (-19.4%), from €44,471 to €35,825
- Tax, wage and social debts -€3,255
down €3,255 (-97.0%), from €3,356 to €101
of which Taxes: -€3,356
- Depreciation +€7,264
up €7,264 (+116%), from €6,271 to €13,535
- Gross operating margin -€2,274
down €2,274 (-5.3%), from €42,965 to €40,691
- Taxes +€875
up €875 (+28.9%), from €3,023 to €3,898
- Financial charges -€607
down €607 (-29.0%), from €2,095 to €1,488
- Financial income -€500
down €500 (-100%), from €500 to €0
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 | €115,748 | €80,657 | -€35,091 | -30.3% |
| Fixed assets | 21/28 | €60,073 | €45,353 | -€14,720 | -24.5% |
| Tangible fixed assets | 22/27 | €60,073 | €45,353 | -€14,720 | -24.5% |
| Land and buildings | 22 | €6,042 | €0 | -€6,042 | -100% |
| Plant, machinery and equipment | 23 | €444 | €1,653 | +€1,209 | +272% |
| Furniture and vehicles | 24 | €53,587 | €43,701 | -€9,886 | -18.4% |
| Current assets | 29/58 | €55,675 | €35,304 | -€20,371 | -36.6% |
| Amounts receivable within one year | 40/41 | €10,203 | €23,609 | +€13,406 | +131% |
| Trade receivables | 40 | €10,203 | €9,837 | -€366 | -3.6% |
| Other amounts receivable | 41 | €0 | €13,772 | +€13,772 | |
| Cash at bank and in hand | 54/58 | €45,039 | €10,789 | -€34,250 | -76.0% |
| Deferred charges and accrued income | 490/1 | €433 | €906 | +€473 | +109% |
| Total equity and liabilities | 10/49 | €115,748 | €80,657 | -€35,091 | -30.3% |
| Equity | 10/15 | €43,395 | €24,166 | -€19,229 | -44.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,195 | €17,966 | -€19,229 | -51.7% |
| Distributable reserves | 133 | €37,195 | €17,966 | -€19,229 | -51.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,353 | €56,491 | -€15,862 | -21.9% |
| Amounts payable after more than one year | 17 | €44,471 | €35,825 | -€8,646 | -19.4% |
| Financial debts | 170/4 | €44,471 | €35,825 | -€8,646 | -19.4% |
| Amounts payable within one year | 42/48 | €27,881 | €20,665 | -€7,216 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €8,294 | €8,646 | +€352 | +4.2% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €548 | €1,918 | +€1,370 | +250% |
| Suppliers | 440/4 | €548 | €1,918 | +€1,370 | +250% |
| Taxes, remuneration and social security | 45 | €3,356 | €101 | -€3,255 | -97.0% |
| Taxes | 450/3 | €3,356 | €0 | -€3,356 | -100% |
| Remuneration and social security | 454/9 | - | €101 | +€101 | |
| Other amounts payable | 47/48 | €15,683 | €0 | -€15,683 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,271 | €13,535 | +€7,264 | +116% |
| Other operating charges | 640/8 | €934 | €876 | -€58 | -6.2% |
| Non-recurring operating charges | 66A | €22,081 | €6,042 | -€16,038 | -72.6% |
| Gross operating margin | 9900 | €42,965 | €40,691 | -€2,274 | -5.3% |
| Operating profit (loss) | 9901 | €13,679 | €20,237 | +€6,558 | +47.9% |
| Financial income | 75/76B | €500 | €0 | -€500 | -100% |
| Recurring financial income | 75 | €500 | €0 | -€500 | -100% |
| Financial charges | 65/66B | €2,095 | €1,488 | -€607 | -29.0% |
| Recurring financial charges | 65 | €2,095 | €1,488 | -€607 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €12,084 | €18,749 | +€6,665 | +55.2% |
| Income taxes | 67/77 | €3,023 | €3,898 | +€875 | +28.9% |
| Profit (loss) for the period | 9904 | €9,060 | €14,851 | +€5,790 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,060 | €14,851 | +€5,790 | +63.9% |
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 22 October 2026 via checked.be.