VASIX: 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.
VASIX
Largest movements
- Cash -€31,625
down €31,625 (-59.2%), from €53,457 to €21,832
mainly Net result for the year (-€67,482) and Investment in fixed assets (net) (-€10,129)
- Tangible fixed assets -€31,092
down €31,092 (-10.2%), from €303,595 to €272,502
of which Furniture and vehicles: -€21,002
- Receivables within one year -€12,573
down €12,573 (-93.3%), from €13,479 to €906
of which Trade receivables: -€8,384
- Profit (loss) carried forward -€67,482
down €67,482 (-20.8%), from €323,786 to €256,304
- Current portion of long-term debt -€8,051
no longer reported in 2025 (was €8,051)
- Trade debts -€7,737
down €7,737 (-82.5%), from €9,377 to €1,641
- Gross operating margin +€53,971
up €53,971 (+78.7%), from -€68,563 to -€14,592
- Depreciation +€1,740
up €1,740 (+4.4%), from €39,888 to €41,627
- Taxes -€1,080
down €1,080 (-85.1%), from €1,268 to €188
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.
Derived cash bridge
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 | €390,289 | €312,494 | -€77,795 | -19.9% |
| Fixed assets | 21/28 | €306,974 | €275,476 | -€31,498 | -10.3% |
| Intangible fixed assets | 21 | €3,380 | €2,974 | -€406 | -12.0% |
| Tangible fixed assets | 22/27 | €303,595 | €272,502 | -€31,092 | -10.2% |
| Land and buildings | 22 | €244,378 | €232,609 | -€11,769 | -4.8% |
| Plant, machinery and equipment | 23 | €37,858 | €39,537 | +€1,679 | +4.4% |
| Furniture and vehicles | 24 | €21,358 | €356 | -€21,002 | -98.3% |
| Current assets | 29/58 | €83,315 | €37,018 | -€46,297 | -55.6% |
| Stocks and contracts in progress | 3 | €13,136 | €13,136 | = | 0.0% |
| Stocks | 30/36 | €13,136 | €13,136 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,479 | €906 | -€12,573 | -93.3% |
| Trade receivables | 40 | €9,105 | €720 | -€8,384 | -92.1% |
| Other amounts receivable | 41 | €4,375 | €186 | -€4,189 | -95.7% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,457 | €21,832 | -€31,625 | -59.2% |
| Deferred charges and accrued income | 490/1 | €2,743 | €644 | -€2,099 | -76.5% |
| Total equity and liabilities | 10/49 | €390,289 | €312,494 | -€77,795 | -19.9% |
| Equity | 10/15 | €364,067 | €296,585 | -€67,482 | -18.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,281 | €30,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,421 | €28,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,786 | €256,304 | -€67,482 | -20.8% |
| Amounts payable | 17/49 | €26,222 | €15,909 | -€10,314 | -39.3% |
| Amounts payable after more than one year | 17 | €7,663 | €7,663 | = | 0.0% |
| Financial debts | 170/4 | €7,663 | €7,663 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,560 | €4,458 | -€14,102 | -76.0% |
| Current portion of amounts payable after more than one year | 42 | €8,051 | - | -€8,051 | |
| Trade debts | 44 | €9,377 | €1,641 | -€7,737 | -82.5% |
| Suppliers | 440/4 | €9,377 | €1,641 | -€7,737 | -82.5% |
| Taxes, remuneration and social security | 45 | €1,132 | €2,817 | +€1,686 | +149% |
| Taxes | 450/3 | €332 | €2,817 | +€2,486 | +749% |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Accrued charges and deferred income | 492/3 | - | €3,788 | +€3,788 | |
| Non-recurring operating income | 76A | €3,719 | - | -€3,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,888 | €41,627 | +€1,740 | +4.4% |
| Other operating charges | 640/8 | €3,229 | €2,631 | -€597 | -18.5% |
| Non-recurring operating charges | 66A | €398 | €8,474 | +€8,076 | +2,028% |
| Gross operating margin | 9900 | -€68,563 | -€14,592 | +€53,971 | +78.7% |
| Operating profit (loss) | 9901 | -€112,077 | -€67,325 | +€44,752 | +39.9% |
| Financial income | 75/76B | €390 | €777 | +€387 | +99.1% |
| Recurring financial income | 75 | €390 | €571 | +€180 | +46.1% |
| Non-recurring financial income | 76B | - | €207 | +€207 | |
| Financial charges | 65/66B | €1,148 | €746 | -€402 | -35.0% |
| Recurring financial charges | 65 | €1,148 | €746 | -€402 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€112,834 | -€67,293 | +€45,541 | +40.4% |
| Income taxes | 67/77 | €1,268 | €188 | -€1,080 | -85.1% |
| Profit (loss) for the period | 9904 | -€114,102 | -€67,482 | +€46,620 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,102 | -€67,482 | +€46,620 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.