VASEMO: 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.
VASEMO
Largest movements
- Receivables within one year +€96,000
new in 2025: €96,000
- Profit (loss) carried forward +€147,007
new in 2025: €147,007
- Debts after one year -€43,711
down €43,711 (-41.0%), from €106,591 to €62,880
- Gross operating margin +€94,961
up €94,961, from -€59,398 to €35,563
- Financial income +€11,002
up €11,002 (+10.5%), from €105,001 to €116,003
- Purchases and services +€6,359
up €6,359 (+5.0%), from €128,214 to €134,574
- Turnover +€4,375
up €4,375 (+6.5%), from €67,500 to €71,875
- Taxes -€3,796
down €3,796 (-94.2%), from €4,028 to €232
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 | €1,286,011 | €1,377,662 | +€91,651 | +7.1% |
| Fixed assets | 21/28 | €1,268,645 | €1,268,645 | = | 0.0% |
| Financial fixed assets | 28 | €1,268,645 | €1,268,645 | = | 0.0% |
| Current assets | 29/58 | €17,366 | €109,016 | +€91,651 | +527.8% |
| Amounts receivable within one year | 40/41 | - | €96,000 | +€96,000 | |
| Trade receivables | 40 | - | €96,000 | +€96,000 | |
| Cash at bank and in hand | 54/58 | €16,252 | €11,266 | -€4,987 | -30.7% |
| Deferred charges and accrued income | 490/1 | €1,114 | €1,751 | +€637 | +57.2% |
| Total equity and liabilities | 10/49 | €1,286,011 | €1,377,662 | +€91,651 | +7.1% |
| Equity | 10/15 | €1,119,264 | €1,266,271 | +€147,007 | +13.1% |
| Contributions | 10/11 | €710,000 | €710,000 | = | 0.0% |
| Reserves | 13 | €409,264 | €409,264 | = | 0.0% |
| Distributable reserves | 133 | €409,264 | €409,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €147,007 | +€147,007 | |
| Amounts payable | 17/49 | €166,748 | €111,391 | -€55,357 | -33.2% |
| Amounts payable after more than one year | 17 | €106,591 | €62,880 | -€43,711 | -41.0% |
| Financial debts | 170/4 | €106,591 | €62,880 | -€43,711 | -41.0% |
| Amounts payable within one year | 42/48 | €60,136 | €48,491 | -€11,645 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €43,161 | €43,711 | +€550 | +1.3% |
| Trade debts | 44 | €424 | €168 | -€256 | -60.3% |
| Suppliers | 440/4 | €424 | €168 | -€256 | -60.3% |
| Taxes, remuneration and social security | 45 | €16,551 | €4,611 | -€11,940 | -72.1% |
| Taxes | 450/3 | €16,551 | €4,611 | -€11,940 | -72.1% |
| Accrued charges and deferred income | 492/3 | €20 | €20 | = | 0.0% |
| Turnover | 70 | €67,500 | €71,875 | +€4,375 | +6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,214 | €134,574 | +€6,359 | +5.0% |
| Other operating charges | 640/8 | €708 | €2,380 | +€1,672 | +236.1% |
| Gross operating margin | 9900 | -€59,398 | €35,563 | +€94,961 | |
| Operating profit (loss) | 9901 | -€60,106 | €33,183 | +€93,289 | |
| Financial income | 75/76B | €105,001 | €116,003 | +€11,002 | +10.5% |
| Recurring financial income | 75 | €105,001 | €116,003 | +€11,002 | +10.5% |
| Financial charges | 65/66B | €2,492 | €1,946 | -€545 | -21.9% |
| Recurring financial charges | 65 | €2,492 | €1,946 | -€545 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €42,403 | €147,240 | +€104,837 | +247.2% |
| Income taxes | 67/77 | €4,028 | €232 | -€3,796 | -94.2% |
| Profit (loss) for the period | 9904 | €38,374 | €147,007 | +€108,633 | +283.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,374 | €147,007 | +€108,633 | +283.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.