VASCO CAVALHEIRO IT SERVICES: 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.
VASCO CAVALHEIRO IT SERVICES
Largest movements
- Current investments -€704,189
down €704,189 (-74.0%), from €951,316 to €247,128
- Tangible fixed assets +€30,732
new in 2025: €30,732
- Receivables within one year +€20,293
up €20,293 (+2,966%), from €684 to €20,978
of which Trade receivables: +€13,523
- Other debts -€475,801
down €475,801 (-86.8%), from €547,997 to €72,196
- Tax, wage and social debts -€172,308
down €172,308 (-86.9%), from €198,389 to €26,081
of which Taxes: -€172,073
- Gross operating margin -€121,680
down €121,680, from €119,243 to -€2,437
- Taxes -€29,701
no longer reported in 2025 (was €29,701)
- Financial income +€7,642
up €7,642 (+6,184%), from €124 to €7,766
- Depreciation +€2,318
new in 2025: €2,318
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 | €956,523 | €302,315 | -€654,207 | -68.4% |
| Fixed assets | 21/28 | - | €30,732 | +€30,732 | |
| Tangible fixed assets | 22/27 | - | €30,732 | +€30,732 | |
| Furniture and vehicles | 24 | - | €30,732 | +€30,732 | |
| Current assets | 29/58 | €956,523 | €271,584 | -€684,939 | -71.6% |
| Amounts receivable within one year | 40/41 | €684 | €20,978 | +€20,293 | +2,966% |
| Trade receivables | 40 | - | €13,523 | +€13,523 | |
| Other amounts receivable | 41 | €684 | €7,455 | +€6,770 | +990% |
| Current investments | 50/53 | €951,316 | €247,128 | -€704,189 | -74.0% |
| Cash at bank and in hand | 54/58 | €4,522 | €3,479 | -€1,044 | -23.1% |
| Total equity and liabilities | 10/49 | €956,523 | €302,315 | -€654,207 | -68.4% |
| Equity | 10/15 | €207,872 | €201,357 | -€6,515 | -3.1% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Capital | 10 | €13,000 | €13,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,872 | €186,357 | -€6,515 | -3.4% |
| Amounts payable | 17/49 | €748,651 | €100,959 | -€647,692 | -86.5% |
| Amounts payable within one year | 42/48 | €748,651 | €100,959 | -€647,692 | -86.5% |
| Trade debts | 44 | €2,265 | €2,682 | +€416 | +18.4% |
| Suppliers | 440/4 | €2,265 | €2,682 | +€416 | +18.4% |
| Taxes, remuneration and social security | 45 | €198,389 | €26,081 | -€172,308 | -86.9% |
| Taxes | 450/3 | €193,389 | €21,316 | -€172,073 | -89.0% |
| Remuneration and social security | 454/9 | €5,000 | €4,765 | -€235 | -4.7% |
| Other amounts payable | 47/48 | €547,997 | €72,196 | -€475,801 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,318 | +€2,318 | |
| Other operating charges | 640/8 | €384 | €998 | +€614 | +160% |
| Non-recurring operating charges | 66A | €114 | - | -€114 | |
| Gross operating margin | 9900 | €119,243 | -€2,437 | -€121,680 | |
| Operating profit (loss) | 9901 | €118,745 | -€5,754 | -€124,498 | |
| Financial income | 75/76B | €124 | €7,766 | +€7,642 | +6,184% |
| Recurring financial income | 75 | €124 | €7,766 | +€7,642 | +6,184% |
| Financial charges | 65/66B | €7,785 | €8,528 | +€743 | +9.5% |
| Recurring financial charges | 65 | €7,785 | €8,528 | +€743 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €111,084 | -€6,515 | -€117,599 | |
| Income taxes | 67/77 | €29,701 | - | -€29,701 | |
| Profit (loss) for the period | 9904 | €81,383 | -€6,515 | -€87,898 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,383 | -€6,515 | -€87,898 |
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 27 October 2026 via checked.be.