VASCON: 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.
VASCON
Largest movements
- Receivables within one year +€23,349
up €23,349 (+8.0%), from €290,442 to €313,791
of which Other amounts receivable: +€32,988
- Tangible fixed assets +€7,217
up €7,217 (+183.3%), from €3,938 to €11,155
of which Other tangible fixed assets: +€8,349
- Reserves +€23,166
up €23,166 (+66.4%), from €34,870 to €58,036
of which Distributable reserves: +€23,166
- Trade debts +€8,812
up €8,812 (+202.7%), from €4,347 to €13,160
- Gross operating margin +€2,674
up €2,674 (+13.0%), from €20,512 to €23,186
- Other operating charges +€657
up €657 (+84.0%), from €782 to €1,439
- Financial income -€389
down €389 (-2.5%), from €15,287 to €14,898
- Taxes -€327
down €327 (-2.8%), from €11,645 to €11,319
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 | €296,192 | €327,084 | +€30,892 | +10.4% |
| Fixed assets | 21/28 | €3,938 | €11,155 | +€7,217 | +183.3% |
| Tangible fixed assets | 22/27 | €3,938 | €11,155 | +€7,217 | +183.3% |
| Plant, machinery and equipment | 23 | €342 | €228 | -€114 | -33.3% |
| Furniture and vehicles | 24 | €3,596 | €2,578 | -€1,018 | -28.3% |
| Other tangible fixed assets | 26 | - | €8,349 | +€8,349 | |
| Current assets | 29/58 | €292,254 | €315,929 | +€23,675 | +8.1% |
| Amounts receivable within one year | 40/41 | €290,442 | €313,791 | +€23,349 | +8.0% |
| Trade receivables | 40 | €31,951 | €22,312 | -€9,639 | -30.2% |
| Other amounts receivable | 41 | €258,490 | €291,479 | +€32,988 | +12.8% |
| Cash at bank and in hand | 54/58 | €1,813 | €2,138 | +€325 | +17.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €296,192 | €327,084 | +€30,892 | +10.4% |
| Equity | 10/15 | €258,831 | €281,998 | +€23,166 | +9.0% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Reserves | 13 | €34,870 | €58,036 | +€23,166 | +66.4% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €32,995 | €56,161 | +€23,166 | +70.2% |
| Profit (loss) carried forward | 14 | €217,606 | €217,606 | = | 0.0% |
| Amounts payable | 17/49 | €37,361 | €45,087 | +€7,726 | +20.7% |
| Amounts payable after more than one year | 17 | €1,125 | €0 | -€1,125 | -100.0% |
| Financial debts | 170/4 | €1,125 | €0 | -€1,125 | -100.0% |
| Amounts payable within one year | 42/48 | €36,236 | €42,093 | +€5,857 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €1,617 | €1,125 | -€493 | -30.5% |
| Trade debts | 44 | €4,347 | €13,160 | +€8,812 | +202.7% |
| Suppliers | 440/4 | €4,347 | €13,160 | +€8,812 | +202.7% |
| Taxes, remuneration and social security | 45 | €30,271 | €27,808 | -€2,463 | -8.1% |
| Taxes | 450/3 | €30,271 | €27,808 | -€2,463 | -8.1% |
| Accrued charges and deferred income | 492/3 | - | €2,994 | +€2,994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €1,327 | +€195 | +17.3% |
| Other operating charges | 640/8 | €782 | €1,439 | +€657 | +84.0% |
| Gross operating margin | 9900 | €20,512 | €23,186 | +€2,674 | +13.0% |
| Operating profit (loss) | 9901 | €18,598 | €20,420 | +€1,821 | +9.8% |
| Financial income | 75/76B | €15,287 | €14,898 | -€389 | -2.5% |
| Recurring financial income | 75 | €15,287 | €14,898 | -€389 | -2.5% |
| Financial charges | 65/66B | €869 | €833 | -€37 | -4.2% |
| Recurring financial charges | 65 | €869 | €833 | -€37 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €33,015 | €34,485 | +€1,470 | +4.5% |
| Income taxes | 67/77 | €11,645 | €11,319 | -€327 | -2.8% |
| Profit (loss) for the period | 9904 | €21,370 | €23,166 | +€1,796 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,370 | €23,166 | +€1,796 | +8.4% |
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 5 October 2026 via checked.be.