VASEA CONSTRUCT: 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.
VASEA CONSTRUCT
Largest movements
- Cash -€51,390
down €51,390 (-84.7%), from €60,667 to €9,277
mainly Accrued charges and deferred income (-€64,570) and Investment in fixed assets (net) (-€31,655)
- Tangible fixed assets +€24,366
up €24,366 (+1651.7%), from €1,475 to €25,841
of which Furniture and vehicles: +€23,523
- Receivables within one year +€8,964
up €8,964 (+58.1%), from €15,433 to €24,397
of which Other amounts receivable: +€7,326
- Accrued charges and deferred income -€64,570
no longer reported in 2024 (was €64,570)
- Trade debts +€27,019
new in 2024: €27,019
- Profit (loss) carried forward +€14,601
up €14,601 (+176.1%), from €8,293 to €22,894
- Tax, wage and social debts +€3,640
up €3,640 (+131.7%), from €2,763 to €6,403
of which Remuneration and social security: +€2,000
- Other debts +€1,978
up €1,978 (+101.5%), from €1,950 to €3,928
- Gross operating margin +€21,997
up €21,997 (+191.7%), from €11,474 to €33,471
- Depreciation +€7,260
up €7,260 (+25244.4%), from €29 to €7,289
- Financial charges +€4,891
up €4,891 (+94973.2%), from €5 to €4,896
- Other operating charges +€1,900
up €1,900 (+494.3%), from €384 to €2,285
- Taxes +€1,640
up €1,640 (+59.4%), from €2,763 to €4,403
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.
Cash bridge derived
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 | €77,576 | €60,244 | -€17,332 | -22.3% |
| Fixed assets | 21/28 | €1,475 | €25,841 | +€24,366 | +1651.7% |
| Tangible fixed assets | 22/27 | €1,475 | €25,841 | +€24,366 | +1651.7% |
| Plant, machinery and equipment | 23 | €1,475 | €2,318 | +€843 | +57.1% |
| Furniture and vehicles | 24 | - | €23,523 | +€23,523 | |
| Current assets | 29/58 | €76,101 | €34,403 | -€41,698 | -54.8% |
| Amounts receivable within one year | 40/41 | €15,433 | €24,397 | +€8,964 | +58.1% |
| Trade receivables | 40 | €14,945 | €16,583 | +€1,638 | +11.0% |
| Other amounts receivable | 41 | €488 | €7,814 | +€7,326 | +1500.9% |
| Cash at bank and in hand | 54/58 | €60,667 | €9,277 | -€51,390 | -84.7% |
| Deferred charges and accrued income | 490/1 | - | €729 | +€729 | |
| Total equity and liabilities | 10/49 | €77,576 | €60,244 | -€17,332 | -22.3% |
| Equity | 10/15 | €8,293 | €22,894 | +€14,601 | +176.1% |
| Profit (loss) carried forward | 14 | €8,293 | €22,894 | +€14,601 | +176.1% |
| Amounts payable | 17/49 | €69,283 | €37,350 | -€31,933 | -46.1% |
| Amounts payable within one year | 42/48 | €4,713 | €37,350 | +€32,637 | +692.5% |
| Trade debts | 44 | - | €27,019 | +€27,019 | |
| Suppliers | 440/4 | €0 | €27,019 | +€27,019 | |
| Taxes, remuneration and social security | 45 | €2,763 | €6,403 | +€3,640 | +131.7% |
| Taxes | 450/3 | €2,763 | €4,403 | +€1,640 | +59.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €1,950 | €3,928 | +€1,978 | +101.5% |
| Accrued charges and deferred income | 492/3 | €64,570 | - | -€64,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €7,289 | +€7,260 | +25244.4% |
| Other operating charges | 640/8 | €384 | €2,285 | +€1,900 | +494.3% |
| Gross operating margin | 9900 | €11,474 | €33,471 | +€21,997 | +191.7% |
| Operating profit (loss) | 9901 | €11,061 | €23,897 | +€12,837 | +116.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €5 | €4,896 | +€4,891 | +94973.2% |
| Recurring financial charges | 65 | €5 | €4,896 | +€4,891 | +94973.2% |
| Profit (loss) for the period before taxes | 9903 | €11,056 | €19,004 | +€7,949 | +71.9% |
| Income taxes | 67/77 | €2,763 | €4,403 | +€1,640 | +59.4% |
| Profit (loss) for the period | 9904 | €8,293 | €14,601 | +€6,309 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,293 | €14,601 | +€6,309 | +76.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.