VASKER TECHNICS: 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.
VASKER TECHNICS
Largest movements
- Cash +€32,710
up €32,710 (+28.8%), from €113,473 to €146,183
mainly Depreciation (+€30,324) and Net result for the year (+€29,095)
- Tangible fixed assets -€30,324
down €30,324 (-25.7%), from €118,052 to €87,728
of which Leasing and similar rights: -€24,444
- Receivables after one year -€19,000
down €19,000 (-27.1%), from €70,000 to €51,000
- Stocks and contracts -€4,500
down €4,500 (-57.0%), from €7,900 to €3,400
- Debts after one year -€20,690
down €20,690 (-33.0%), from €62,782 to €42,092
- Trade debts -€13,513
down €13,513 (-91.1%), from €14,840 to €1,327
- Reserves +€9,019
up €9,019 (+3.9%), from €232,537 to €241,556
of which Distributable reserves: +€16,400
- Gross operating margin -€33,110
down €33,110 (-30.2%), from €109,657 to €76,547
- Depreciation +€9,704
up €9,704 (+47.1%), from €20,620 to €30,324
- Taxes -€3,839
down €3,839 (-18.2%), from €21,045 to €17,206
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 | €381,120 | €356,205 | -€24,915 | -6.5% |
| Fixed assets | 21/28 | €118,052 | €87,728 | -€30,324 | -25.7% |
| Tangible fixed assets | 22/27 | €118,052 | €87,728 | -€30,324 | -25.7% |
| Plant, machinery and equipment | 23 | €5,129 | €3,751 | -€1,378 | -26.9% |
| Furniture and vehicles | 24 | €10,792 | €6,290 | -€4,502 | -41.7% |
| Leasing and similar rights | 25 | €102,131 | €77,687 | -€24,444 | -23.9% |
| Current assets | 29/58 | €263,068 | €268,477 | +€5,409 | +2.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €51,000 | -€19,000 | -27.1% |
| Other amounts receivable | 291 | €70,000 | €51,000 | -€19,000 | -27.1% |
| Stocks and contracts in progress | 3 | €7,900 | €3,400 | -€4,500 | -57.0% |
| Stocks | 30/36 | €7,900 | €3,400 | -€4,500 | -57.0% |
| Amounts receivable within one year | 40/41 | €69,784 | €66,037 | -€3,747 | -5.4% |
| Trade receivables | 40 | €21,763 | €4,027 | -€17,736 | -81.5% |
| Other amounts receivable | 41 | €48,021 | €62,010 | +€13,989 | +29.1% |
| Cash at bank and in hand | 54/58 | €113,473 | €146,183 | +€32,710 | +28.8% |
| Deferred charges and accrued income | 490/1 | €1,911 | €1,857 | -€54 | -2.8% |
| Total equity and liabilities | 10/49 | €381,120 | €356,205 | -€24,915 | -6.5% |
| Equity | 10/15 | €266,304 | €275,399 | +€9,095 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €232,537 | €241,556 | +€9,019 | +3.9% |
| Tax-exempt reserves | 132 | €53,477 | €46,096 | -€7,381 | -13.8% |
| Distributable reserves | 133 | €179,060 | €195,460 | +€16,400 | +9.2% |
| Profit (loss) carried forward | 14 | €27,567 | €27,643 | +€76 | +0.3% |
| Provisions and deferred taxes | 16 | €10,003 | €7,543 | -€2,460 | -24.6% |
| Deferred taxes | 168 | €10,003 | €7,543 | -€2,460 | -24.6% |
| Amounts payable | 17/49 | €104,813 | €73,263 | -€31,550 | -30.1% |
| Amounts payable after more than one year | 17 | €62,782 | €42,092 | -€20,690 | -33.0% |
| Financial debts | 170/4 | €62,782 | €42,092 | -€20,690 | -33.0% |
| Amounts payable within one year | 42/48 | €42,031 | €31,171 | -€10,860 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €19,964 | €20,412 | +€448 | +2.2% |
| Trade debts | 44 | €14,840 | €1,327 | -€13,513 | -91.1% |
| Suppliers | 440/4 | €14,840 | €1,327 | -€13,513 | -91.1% |
| Taxes, remuneration and social security | 45 | €7,227 | €9,432 | +€2,205 | +30.5% |
| Taxes | 450/3 | €7,227 | €9,432 | +€2,205 | +30.5% |
| Non-recurring operating income | 76A | €24,231 | - | -€24,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,620 | €30,324 | +€9,704 | +47.1% |
| Other operating charges | 640/8 | €605 | €670 | +€65 | +10.7% |
| Gross operating margin | 9900 | €109,657 | €76,547 | -€33,110 | -30.2% |
| Operating profit (loss) | 9901 | €88,432 | €45,553 | -€42,879 | -48.5% |
| Financial income | 75/76B | €127 | €72 | -€55 | -43.3% |
| Recurring financial income | 75 | €127 | €72 | -€55 | -43.3% |
| Financial charges | 65/66B | €1,249 | €1,784 | +€535 | +42.8% |
| Recurring financial charges | 65 | €1,249 | €1,784 | +€535 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €87,310 | €43,841 | -€43,469 | -49.8% |
| Transfer from deferred taxes | 780 | €1,754 | €2,460 | +€706 | +40.3% |
| Transfer to deferred taxes | 680 | €6,058 | - | -€6,058 | |
| Income taxes | 67/77 | €21,045 | €17,206 | -€3,839 | -18.2% |
| Profit (loss) for the period | 9904 | €61,961 | €29,095 | -€32,866 | -53.0% |
| Transfer from tax-exempt reserves | 789 | €5,261 | €7,381 | +€2,120 | +40.3% |
| Transfer to tax-exempt reserves | 689 | €18,173 | - | -€18,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,049 | €36,476 | -€12,573 | -25.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.