VASIR: 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.
VASIR
Largest movements
- Cash +€41,155
up €41,155 (+67.4%), from €61,069 to €102,224
mainly Debts after one year (+€28,415) and Receivables within one year (+€15,337)
- Receivables within one year -€15,337
down €15,337 (-50.2%), from €30,578 to €15,241
- Tangible fixed assets -€10,681
down €10,681 (-33.4%), from €32,008 to €21,327
of which Furniture and vehicles: -€10,552
- Financial fixed assets -€5,933
down €5,933 (-1.7%), from €349,530 to €343,597
- Other debts -€29,117
down €29,117 (-20.5%), from €142,376 to €113,258
- Debts after one year +€28,415
up €28,415 (+10.9%), from €260,744 to €289,159
of which Other amounts payable: +€30,316
- Current portion of long-term debt -€8,671
down €8,671 (-82.0%), from €10,573 to €1,901
- Profit (loss) carried forward +€7,791
up €7,791 (+6.8%), from -€115,214 to -€107,423
- Trade debts +€6,082
up €6,082 (+61.1%), from €9,949 to €16,031
- Gross operating margin +€3,981
up €3,981 (+6.5%), from €61,525 to €65,506
- Staff costs -€3,295
down €3,295 (-9.2%), from €35,775 to €32,480
- Other operating charges -€1,704
down €1,704 (-49.0%), from €3,480 to €1,776
- Taxes -€918
down €918 (-13.3%), from €6,881 to €5,963
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 | €476,589 | €485,107 | +€8,519 | +1.8% |
| Fixed assets | 21/28 | €381,538 | €364,925 | -€16,614 | -4.4% |
| Tangible fixed assets | 22/27 | €32,008 | €21,327 | -€10,681 | -33.4% |
| Land and buildings | 22 | €9,865 | €8,723 | -€1,142 | -11.6% |
| Plant, machinery and equipment | 23 | - | €1,014 | +€1,014 | |
| Furniture and vehicles | 24 | €22,143 | €11,591 | -€10,552 | -47.7% |
| Financial fixed assets | 28 | €349,530 | €343,597 | -€5,933 | -1.7% |
| Current assets | 29/58 | €95,051 | €120,183 | +€25,132 | +26.4% |
| Amounts receivable within one year | 40/41 | €30,578 | €15,241 | -€15,337 | -50.2% |
| Trade receivables | 40 | €30,578 | €15,241 | -€15,337 | -50.2% |
| Cash at bank and in hand | 54/58 | €61,069 | €102,224 | +€41,155 | +67.4% |
| Deferred charges and accrued income | 490/1 | €3,404 | €2,718 | -€686 | -20.1% |
| Total equity and liabilities | 10/49 | €476,589 | €485,107 | +€8,519 | +1.8% |
| Equity | 10/15 | €33,522 | €41,313 | +€7,791 | +23.2% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,214 | -€107,423 | +€7,791 | +6.8% |
| Amounts payable | 17/49 | €443,067 | €443,794 | +€728 | +0.2% |
| Amounts payable after more than one year | 17 | €260,744 | €289,159 | +€28,415 | +10.9% |
| Financial debts | 170/4 | €4,547 | €2,646 | -€1,901 | -41.8% |
| Other amounts payable | 178/9 | €256,197 | €286,513 | +€30,316 | +11.8% |
| Amounts payable within one year | 42/48 | €182,322 | €153,745 | -€28,577 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €10,573 | €1,901 | -€8,671 | -82.0% |
| Trade debts | 44 | €9,949 | €16,031 | +€6,082 | +61.1% |
| Suppliers | 440/4 | €9,949 | €16,031 | +€6,082 | +61.1% |
| Taxes, remuneration and social security | 45 | €19,425 | €22,554 | +€3,129 | +16.1% |
| Taxes | 450/3 | €14,624 | €16,854 | +€2,229 | +15.2% |
| Remuneration and social security | 454/9 | €4,801 | €5,700 | +€900 | +18.7% |
| Other amounts payable | 47/48 | €142,376 | €113,258 | -€29,117 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €890 | +€890 | |
| Non-recurring operating income | 76A | - | €10,322 | +€10,322 | |
| Remuneration, social security and pensions | 62 | €35,775 | €32,480 | -€3,295 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,661 | €14,500 | -€160 | -1.1% |
| Other operating charges | 640/8 | €3,480 | €1,776 | -€1,704 | -49.0% |
| Gross operating margin | 9900 | €61,525 | €65,506 | +€3,981 | +6.5% |
| Operating profit (loss) | 9901 | €7,609 | €16,749 | +€9,140 | +120.1% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €2,955 | €2,995 | +€40 | +1.3% |
| Recurring financial charges | 65 | €2,955 | €2,995 | +€40 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €4,685 | €13,754 | +€9,069 | +193.6% |
| Income taxes | 67/77 | €6,881 | €5,963 | -€918 | -13.3% |
| Profit (loss) for the period | 9904 | -€2,196 | €7,791 | +€9,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,196 | €7,791 | +€9,987 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.