VAOS: 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.
VAOS
Largest movements
- Receivables within one year +€89,199
up €89,199 (+56.9%), from €156,849 to €246,048
of which Trade receivables: +€55,879
- Cash -€13,296
no longer reported in 2024 (was €13,296)
mainly Receivables within one year (-€89,199) and Current portion of long-term debt (-€47,282)
- Trade debts +€53,458
new in 2024: €53,458
of which Suppliers: +€53,314
- Current portion of long-term debt -€47,282
no longer reported in 2024 (was €47,282)
- Profit (loss) carried forward +€46,550
up €46,550 (+57.7%), from €80,725 to €127,275
- Tax, wage and social debts +€17,303
up €17,303 (+64.2%), from €26,938 to €44,241
- Purchases and services -€59,416
down €59,416 (-17.2%), from €345,380 to €285,964
- Turnover -€42,571
down €42,571 (-10.6%), from €400,394 to €357,823
- Gross operating margin +€20,522
up €20,522 (+34.8%), from €58,971 to €79,493
- Taxes +€7,474
up €7,474 (+61.4%), from €12,179 to €19,653
- Financial charges -€6,488
down €6,488 (-62.2%), from €10,432 to €3,944
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,124 | €254,251 | +€74,127 | +41.2% |
| Fixed assets | 21/28 | €9,189 | €6,872 | -€2,317 | -25.2% |
| Tangible fixed assets | 22/27 | €9,189 | €6,872 | -€2,317 | -25.2% |
| Plant, machinery and equipment | 23 | €3,328 | €1,325 | -€2,003 | -60.2% |
| Furniture and vehicles | 24 | €5,861 | €5,547 | -€315 | -5.4% |
| Current assets | 29/58 | €170,935 | €247,379 | +€76,444 | +44.7% |
| Amounts receivable within one year | 40/41 | €156,849 | €246,048 | +€89,199 | +56.9% |
| Trade receivables | 40 | €64,930 | €120,810 | +€55,879 | +86.1% |
| Other amounts receivable | 41 | €91,919 | €125,238 | +€33,320 | +36.2% |
| Cash at bank and in hand | 54/58 | €13,296 | - | -€13,296 | |
| Deferred charges and accrued income | 490/1 | €790 | €1,331 | +€541 | +68.5% |
| Total equity and liabilities | 10/49 | €180,124 | €254,251 | +€74,127 | +41.2% |
| Equity | 10/15 | €86,925 | €133,475 | +€46,550 | +53.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,725 | €127,275 | +€46,550 | +57.7% |
| Amounts payable | 17/49 | €93,199 | €120,775 | +€27,576 | +29.6% |
| Amounts payable within one year | 42/48 | €93,199 | €120,775 | +€27,576 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €47,282 | - | -€47,282 | |
| Financial debts | 43 | - | €1,579 | +€1,579 | |
| Credit institutions | 430/8 | - | €1,579 | +€1,579 | |
| Trade debts | 44 | - | €53,458 | +€53,458 | |
| Suppliers | 440/4 | - | €53,314 | +€53,314 | |
| Bills of exchange payable | 441 | - | €143 | +€143 | |
| Taxes, remuneration and social security | 45 | €26,938 | €44,241 | +€17,303 | +64.2% |
| Taxes | 450/3 | €26,938 | €44,241 | +€17,303 | +64.2% |
| Other amounts payable | 47/48 | €18,980 | €21,498 | +€2,518 | +13.3% |
| Turnover | 70 | €400,394 | €357,823 | -€42,571 | -10.6% |
| Non-recurring operating income | 76A | €3,957 | €7,634 | +€3,677 | +92.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €345,380 | €285,964 | -€59,416 | -17.2% |
| Remuneration, social security and pensions | 62 | €245 | €169 | -€76 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,045 | €5,444 | +€399 | +7.9% |
| Other operating charges | 640/8 | €387 | €3,734 | +€3,347 | +864.4% |
| Gross operating margin | 9900 | €58,971 | €79,493 | +€20,522 | +34.8% |
| Operating profit (loss) | 9901 | €53,294 | €70,146 | +€16,852 | +31.6% |
| Financial income | 75/76B | €1,653 | €1 | -€1,652 | -100.0% |
| Recurring financial income | 75 | €1,653 | €1 | -€1,652 | -100.0% |
| Financial charges | 65/66B | €10,432 | €3,944 | -€6,488 | -62.2% |
| Recurring financial charges | 65 | €10,432 | €3,944 | -€6,488 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €44,515 | €66,203 | +€21,688 | +48.7% |
| Income taxes | 67/77 | €12,179 | €19,653 | +€7,474 | +61.4% |
| Profit (loss) for the period | 9904 | €32,336 | €46,550 | +€14,214 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,336 | €46,550 | +€14,214 | +44.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.