Vasa Cantici: 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.
Vasa Cantici
Largest movements
- Receivables within one year -€16,461
down €16,461 (-89.1%), from €18,482 to €2,022
of which Other amounts receivable: -€9,322
- Tangible fixed assets -€7,071
down €7,071 (-44.5%), from €15,896 to €8,825
of which Furniture and vehicles: -€6,704
- Deferred charges and accrued income -€3,034
down €3,034 (-96.0%), from €3,160 to €126
- Cash -€2,713
down €2,713 (-17.9%), from €15,161 to €12,447
mainly Contributions, distributions and other (-€20,000) and Tax, wage and social debts (-€13,478)
- Profit (loss) carried forward -€16,305
down €16,305 (-55.6%), from €29,335 to €13,029
- Tax, wage and social debts -€13,478
down €13,478 (-74.6%), from €18,071 to €4,593
- Other debts +€2,848
new in 2025: €2,848
- Trade debts -€2,343
down €2,343 (-71.2%), from €3,293 to €950
- Gross operating margin +€21,232
up €21,232, from -€9,420 to €11,812
- Depreciation +€4,846
up €4,846 (+218%), from €2,225 to €7,071
- Financial charges -€533
down €533 (-85.2%), from €626 to €93
- Financial income -€260
down €260 (-98.3%), from €265 to €5
- Other operating charges -€209
down €209 (-19.6%), from €1,063 to €855
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 | €52,699 | €23,420 | -€29,279 | -55.6% |
| Fixed assets | 21/28 | €15,896 | €8,825 | -€7,071 | -44.5% |
| Tangible fixed assets | 22/27 | €15,896 | €8,825 | -€7,071 | -44.5% |
| Plant, machinery and equipment | 23 | €1,054 | €686 | -€367 | -34.9% |
| Furniture and vehicles | 24 | €14,842 | €8,139 | -€6,704 | -45.2% |
| Current assets | 29/58 | €36,803 | €14,595 | -€22,208 | -60.3% |
| Amounts receivable within one year | 40/41 | €18,482 | €2,022 | -€16,461 | -89.1% |
| Trade receivables | 40 | €9,075 | €1,936 | -€7,139 | -78.7% |
| Other amounts receivable | 41 | €9,407 | €86 | -€9,322 | -99.1% |
| Cash at bank and in hand | 54/58 | €15,161 | €12,447 | -€2,713 | -17.9% |
| Deferred charges and accrued income | 490/1 | €3,160 | €126 | -€3,034 | -96.0% |
| Total equity and liabilities | 10/49 | €52,699 | €23,420 | -€29,279 | -55.6% |
| Equity | 10/15 | €31,335 | €15,029 | -€16,305 | -52.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,335 | €13,029 | -€16,305 | -55.6% |
| Amounts payable | 17/49 | €21,364 | €8,391 | -€12,973 | -60.7% |
| Amounts payable within one year | 42/48 | €21,364 | €8,391 | -€12,973 | -60.7% |
| Trade debts | 44 | €3,293 | €950 | -€2,343 | -71.2% |
| Suppliers | 440/4 | €3,293 | €950 | -€2,343 | -71.2% |
| Taxes, remuneration and social security | 45 | €18,071 | €4,593 | -€13,478 | -74.6% |
| Taxes | 450/3 | €18,071 | €4,593 | -€13,478 | -74.6% |
| Other amounts payable | 47/48 | - | €2,848 | +€2,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,225 | €7,071 | +€4,846 | +218% |
| Other operating charges | 640/8 | €1,063 | €855 | -€209 | -19.6% |
| Gross operating margin | 9900 | -€9,420 | €11,812 | +€21,232 | |
| Operating profit (loss) | 9901 | -€12,708 | €3,886 | +€16,594 | |
| Financial income | 75/76B | €265 | €5 | -€260 | -98.3% |
| Recurring financial income | 75 | €265 | €5 | -€260 | -98.3% |
| Financial charges | 65/66B | €626 | €93 | -€533 | -85.2% |
| Recurring financial charges | 65 | €626 | €93 | -€533 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,069 | €3,798 | +€16,867 | |
| Income taxes | 67/77 | €180 | €103 | -€77 | -42.6% |
| Profit (loss) for the period | 9904 | -€13,249 | €3,695 | +€16,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,249 | €3,695 | +€16,944 |
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 19 October 2026 via checked.be.