VASANO: what changed
Two fiscal 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.
VASANO
Largest movements
- Cash +€615,849
up €615,849 (+318.8%), from €193,171 to €809,020
mainly Debts after one year (+€472,374) and Net result for the year (+€153,614)
- Tangible fixed assets -€40,378
down €40,378 (-14.2%), from €284,006 to €243,628
of which Furniture and vehicles: -€23,962
- Debts after one year +€472,374
up €472,374 (+185.9%), from €254,112 to €726,486
of which Other amounts payable: +€500,000
- Other debts +€102,042
up €102,042 (+78.9%), from €129,265 to €231,308
- Gross operating margin -€34,079
down €34,079 (-11.8%), from €289,514 to €255,436
- Taxes -€11,506
down €11,506 (-19.6%), from €58,674 to €47,168
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.
Cash bridge derived
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 | €608,580 | €1,186,144 | +€577,563 | +94.9% |
| Fixed assets | 21/28 | €284,156 | €243,778 | -€40,378 | -14.2% |
| Tangible fixed assets | 22/27 | €284,006 | €243,628 | -€40,378 | -14.2% |
| Furniture and vehicles | 24 | €86,814 | €62,852 | -€23,962 | -27.6% |
| Leasing and similar rights | 25 | €163,666 | €151,542 | -€12,123 | -7.4% |
| Other tangible fixed assets | 26 | €33,526 | €29,233 | -€4,293 | -12.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €324,424 | €942,366 | +€617,942 | +190.5% |
| Amounts receivable within one year | 40/41 | €126,417 | €131,021 | +€4,605 | +3.6% |
| Trade receivables | 40 | €126,056 | €130,661 | +€4,605 | +3.7% |
| Other amounts receivable | 41 | €361 | €361 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €193,171 | €809,020 | +€615,849 | +318.8% |
| Deferred charges and accrued income | 490/1 | €4,837 | €2,325 | -€2,512 | -51.9% |
| Total equity and liabilities | 10/49 | €608,580 | €1,186,144 | +€577,563 | +94.9% |
| Equity | 10/15 | €123,571 | €117,184 | -€6,386 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,111 | €96,724 | -€6,386 | -6.2% |
| Amounts payable | 17/49 | €485,010 | €1,068,959 | +€583,950 | +120.4% |
| Amounts payable after more than one year | 17 | €254,112 | €726,486 | +€472,374 | +185.9% |
| Financial debts | 170/4 | €254,112 | €226,486 | -€27,626 | -10.9% |
| Other amounts payable | 178/9 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €230,855 | €339,678 | +€108,823 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €26,687 | €27,626 | +€939 | +3.5% |
| Trade debts | 44 | €5,244 | €5,808 | +€564 | +10.8% |
| Suppliers | 440/4 | €5,244 | €5,808 | +€564 | +10.8% |
| Taxes, remuneration and social security | 45 | €69,658 | €74,936 | +€5,278 | +7.6% |
| Taxes | 450/3 | €69,658 | €74,936 | +€5,278 | +7.6% |
| Other amounts payable | 47/48 | €129,265 | €231,308 | +€102,042 | +78.9% |
| Accrued charges and deferred income | 492/3 | €43 | €2,796 | +€2,752 | +6362.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,709 | €40,378 | -€330 | -0.8% |
| Other operating charges | 640/8 | €3,534 | €2,730 | -€804 | -22.8% |
| Gross operating margin | 9900 | €289,514 | €255,436 | -€34,079 | -11.8% |
| Operating profit (loss) | 9901 | €245,271 | €212,328 | -€32,944 | -13.4% |
| Financial income | 75/76B | €1,076 | €9 | -€1,067 | -99.2% |
| Recurring financial income | 75 | €1,076 | €9 | -€1,067 | -99.2% |
| Financial charges | 65/66B | €9,568 | €11,554 | +€1,987 | +20.8% |
| Recurring financial charges | 65 | €9,568 | €11,554 | +€1,987 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €236,780 | €200,782 | -€35,998 | -15.2% |
| Income taxes | 67/77 | €58,674 | €47,168 | -€11,506 | -19.6% |
| Profit (loss) for the period | 9904 | €178,105 | €153,614 | -€24,491 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €178,105 | €153,614 | -€24,491 | -13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.