VASCOS: 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.
VASCOS
Largest movements
- Tangible fixed assets +€37,424
up €37,424 (+400%), from €9,366 to €46,789
of which Furniture and vehicles: +€37,093
- Receivables within one year -€32,085
down €32,085 (-46.8%), from €68,607 to €36,522
of which Trade receivables: -€28,336
- Financial fixed assets +€14,000
new in 2024: €14,000
- Deferred charges and accrued income +€7,014
up €7,014 (+666%), from €1,053 to €8,067
- Cash -€5,337
down €5,337 (-19.7%), from €27,114 to €21,777
mainly Investment in fixed assets (net) (-€67,168) and Trade debts (-€8,775)
- Debts after one year +€25,279
new in 2024: €25,279
- Trade debts -€8,775
down €8,775 (-97.5%), from €9,004 to €229
- Tax, wage and social debts +€3,396
up €3,396 (+18.0%), from €18,830 to €22,225
- Other debts +€1,347
up €1,347 (+126%), from €1,069 to €2,416
- Gross operating margin -€38,869
down €38,869 (-60.5%), from €64,198 to €25,328
- Taxes -€13,119
down €13,119 (-87.4%), from €15,003 to €1,885
- Depreciation +€10,750
up €10,750 (+215%), from €4,995 to €15,745
- Financial charges +€1,654
up €1,654 (+52.4%), from €3,156 to €4,810
- Other operating charges +€1,002
up €1,002 (+71.4%), from €1,404 to €2,406
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.
Derived cash bridge
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 | €106,140 | €129,156 | +€23,016 | +21.7% |
| Fixed assets | 21/28 | €9,366 | €60,789 | +€51,424 | +549% |
| Tangible fixed assets | 22/27 | €9,366 | €46,789 | +€37,424 | +400% |
| Plant, machinery and equipment | 23 | €545 | €876 | +€331 | +60.6% |
| Furniture and vehicles | 24 | €8,820 | €45,913 | +€37,093 | +421% |
| Financial fixed assets | 28 | - | €14,000 | +€14,000 | |
| Current assets | 29/58 | €96,774 | €68,367 | -€28,407 | -29.4% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €68,607 | €36,522 | -€32,085 | -46.8% |
| Trade receivables | 40 | €60,230 | €31,894 | -€28,336 | -47.0% |
| Other amounts receivable | 41 | €8,377 | €4,628 | -€3,749 | -44.8% |
| Cash at bank and in hand | 54/58 | €27,114 | €21,777 | -€5,337 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,053 | €8,067 | +€7,014 | +666% |
| Total equity and liabilities | 10/49 | €106,140 | €129,156 | +€23,016 | +21.7% |
| Equity | 10/15 | €68,501 | €69,214 | +€713 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €435 | €435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €435 | €435 | = | 0.0% |
| Reserves not available under the articles | 1311 | €435 | €435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,866 | €62,579 | +€713 | +1.2% |
| Amounts payable | 17/49 | €37,639 | €59,942 | +€22,303 | +59.3% |
| Amounts payable after more than one year | 17 | - | €25,279 | +€25,279 | |
| Financial debts | 170/4 | - | €25,279 | +€25,279 | |
| Amounts payable within one year | 42/48 | €37,639 | €34,664 | -€2,976 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €8,737 | €9,793 | +€1,056 | +12.1% |
| Trade debts | 44 | €9,004 | €229 | -€8,775 | -97.5% |
| Suppliers | 440/4 | €9,004 | €229 | -€8,775 | -97.5% |
| Taxes, remuneration and social security | 45 | €18,830 | €22,225 | +€3,396 | +18.0% |
| Taxes | 450/3 | €18,830 | €22,225 | +€3,396 | +18.0% |
| Other amounts payable | 47/48 | €1,069 | €2,416 | +€1,347 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,995 | €15,745 | +€10,750 | +215% |
| Other operating charges | 640/8 | €1,404 | €2,406 | +€1,002 | +71.4% |
| Gross operating margin | 9900 | €64,198 | €25,328 | -€38,869 | -60.5% |
| Operating profit (loss) | 9901 | €57,799 | €7,178 | -€50,622 | -87.6% |
| Financial income | 75/76B | - | €230 | +€230 | |
| Recurring financial income | 75 | - | €230 | +€230 | |
| Financial charges | 65/66B | €3,156 | €4,810 | +€1,654 | +52.4% |
| Recurring financial charges | 65 | €3,156 | €4,810 | +€1,654 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €54,643 | €2,598 | -€52,045 | -95.2% |
| Income taxes | 67/77 | €15,003 | €1,885 | -€13,119 | -87.4% |
| Profit (loss) for the period | 9904 | €39,640 | €713 | -€38,927 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,640 | €713 | -€38,927 | -98.2% |
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 23 October 2026 via checked.be.