VAKEO: 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.
VAKEO
Largest movements
- Cash -€27,213
down €27,213 (-59.6%), from €45,653 to €18,441
mainly Contributions, distributions and other (-€25,000) and Other debts (-€17,546)
- Receivables within one year +€6,106
up €6,106 (+26.4%), from €23,107 to €29,212
of which Trade receivables: +€5,840
- Tangible fixed assets +€798
up €798 (+18.1%), from €4,409 to €5,207
of which Other tangible fixed assets: +€1,913
- Other debts -€17,546
down €17,546 (-45.2%), from €38,796 to €21,250
- Profit (loss) carried forward +€11,645
up €11,645 (+249%), from €4,682 to €16,327
- Tax, wage and social debts -€10,649
down €10,649 (-51.2%), from €20,814 to €10,165
of which Taxes: -€10,912
- Trade debts -€3,211
down €3,211 (-85.6%), from €3,750 to €539
- Gross operating margin -€6,118
down €6,118 (-10.3%), from €59,330 to €53,211
- Financial charges +€815
up €815 (+78.5%), from €1,038 to €1,853
- Taxes -€676
down €676 (-5.7%), from €11,819 to €11,143
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 | €74,542 | €54,781 | -€19,761 | -26.5% |
| Fixed assets | 21/28 | €4,409 | €5,207 | +€798 | +18.1% |
| Tangible fixed assets | 22/27 | €4,409 | €5,207 | +€798 | +18.1% |
| Furniture and vehicles | 24 | €2,696 | €1,582 | -€1,114 | -41.3% |
| Other tangible fixed assets | 26 | €1,713 | €3,626 | +€1,913 | +112% |
| Current assets | 29/58 | €70,133 | €49,573 | -€20,560 | -29.3% |
| Amounts receivable within one year | 40/41 | €23,107 | €29,212 | +€6,106 | +26.4% |
| Trade receivables | 40 | €23,107 | €28,947 | +€5,840 | +25.3% |
| Other amounts receivable | 41 | - | €265 | +€265 | |
| Cash at bank and in hand | 54/58 | €45,653 | €18,441 | -€27,213 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,920 | +€547 | +39.9% |
| Total equity and liabilities | 10/49 | €74,542 | €54,781 | -€19,761 | -26.5% |
| Equity | 10/15 | €8,682 | €20,327 | +€11,645 | +134% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,682 | €16,327 | +€11,645 | +249% |
| Amounts payable | 17/49 | €65,860 | €34,453 | -€31,407 | -47.7% |
| Amounts payable within one year | 42/48 | €65,860 | €34,453 | -€31,407 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €2,500 | = | 0.0% |
| Trade debts | 44 | €3,750 | €539 | -€3,211 | -85.6% |
| Suppliers | 440/4 | €3,750 | €539 | -€3,211 | -85.6% |
| Taxes, remuneration and social security | 45 | €20,814 | €10,165 | -€10,649 | -51.2% |
| Taxes | 450/3 | €20,814 | €9,902 | -€10,912 | -52.4% |
| Remuneration and social security | 454/9 | - | €262 | +€262 | |
| Other amounts payable | 47/48 | €38,796 | €21,250 | -€17,546 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,956 | €2,564 | -€391 | -13.2% |
| Other operating charges | 640/8 | €1,058 | €1,040 | -€18 | -1.7% |
| Gross operating margin | 9900 | €59,330 | €53,211 | -€6,118 | -10.3% |
| Operating profit (loss) | 9901 | €55,316 | €49,607 | -€5,709 | -10.3% |
| Financial income | 75/76B | €0 | €34 | +€34 | +114,667% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +114,667% |
| Financial charges | 65/66B | €1,038 | €1,853 | +€815 | +78.5% |
| Recurring financial charges | 65 | €1,038 | €1,853 | +€815 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €54,278 | €47,789 | -€6,489 | -12.0% |
| Income taxes | 67/77 | €11,819 | €11,143 | -€676 | -5.7% |
| Profit (loss) for the period | 9904 | €42,459 | €36,645 | -€5,814 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,459 | €36,645 | -€5,814 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.