VASKO: 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.
VASKO
Largest movements
- Receivables within one year +€334,485
up €334,485 (+25055.1%), from €1,335 to €335,820
of which Other amounts receivable: +€335,820
- Cash -€290,765
down €290,765 (-78.8%), from €369,217 to €78,452
mainly Receivables within one year (-€334,485) and Deferred charges and accrued income (-€66,799)
- Deferred charges and accrued income +€66,799
up €66,799 (+165.0%), from €40,492 to €107,290
- Intangible fixed assets -€35,000
down €35,000 (-27.3%), from €128,333 to €93,333
- Tangible fixed assets -€8,860
down €8,860 (-40.5%), from €21,858 to €12,998
of which Furniture and vehicles: -€20,213
- Reserves +€104,700
up €104,700 (+31.5%), from €332,350 to €437,050
of which Distributable reserves: +€104,700
- Debts after one year -€35,559
down €35,559 (-25.7%), from €138,210 to €102,651
- Other debts -€15,330
down €15,330 (-99.3%), from €15,435 to €105
- Tax, wage and social debts +€6,454
up €6,454 (+34.1%), from €18,915 to €25,369
- Gross operating margin +€43,722
up €43,722 (+19.8%), from €220,608 to €264,330
- Taxes +€14,255
up €14,255 (+29.3%), from €48,675 to €62,930
- Financial income +€4,176
up €4,176, from €0 to €4,176
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 | €561,235 | €627,894 | +€66,659 | +11.9% |
| Fixed assets | 21/28 | €150,191 | €106,332 | -€43,860 | -29.2% |
| Intangible fixed assets | 21 | €128,333 | €93,333 | -€35,000 | -27.3% |
| Tangible fixed assets | 22/27 | €21,858 | €12,998 | -€8,860 | -40.5% |
| Plant, machinery and equipment | 23 | - | €11,353 | +€11,353 | |
| Furniture and vehicles | 24 | €21,858 | €1,645 | -€20,213 | -92.5% |
| Current assets | 29/58 | €411,043 | €521,562 | +€110,519 | +26.9% |
| Amounts receivable within one year | 40/41 | €1,335 | €335,820 | +€334,485 | +25055.1% |
| Trade receivables | 40 | €1,335 | €0 | -€1,335 | -100.0% |
| Other amounts receivable | 41 | - | €335,820 | +€335,820 | |
| Cash at bank and in hand | 54/58 | €369,217 | €78,452 | -€290,765 | -78.8% |
| Deferred charges and accrued income | 490/1 | €40,492 | €107,290 | +€66,799 | +165.0% |
| Total equity and liabilities | 10/49 | €561,235 | €627,894 | +€66,659 | +11.9% |
| Equity | 10/15 | €345,185 | €456,099 | +€110,914 | +32.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €332,350 | €437,050 | +€104,700 | +31.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €332,350 | €437,050 | +€104,700 | +31.5% |
| Profit (loss) carried forward | 14 | €435 | €449 | +€14 | +3.1% |
| Amounts payable | 17/49 | €216,049 | €171,795 | -€44,255 | -20.5% |
| Amounts payable after more than one year | 17 | €138,210 | €102,651 | -€35,559 | -25.7% |
| Financial debts | 170/4 | €138,210 | €102,651 | -€35,559 | -25.7% |
| Amounts payable within one year | 42/48 | €77,420 | €67,324 | -€10,095 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €37,019 | €35,559 | -€1,461 | -3.9% |
| Trade debts | 44 | €6,050 | €6,291 | +€241 | +4.0% |
| Suppliers | 440/4 | €6,050 | €6,291 | +€241 | +4.0% |
| Taxes, remuneration and social security | 45 | €18,915 | €25,369 | +€6,454 | +34.1% |
| Taxes | 450/3 | €18,915 | €25,369 | +€6,454 | +34.1% |
| Other amounts payable | 47/48 | €15,435 | €105 | -€15,330 | -99.3% |
| Accrued charges and deferred income | 492/3 | €420 | €1,819 | +€1,399 | +333.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,822 | €57,588 | +€767 | +1.3% |
| Non-recurring operating charges | 66A | - | €3,100 | +€3,100 | |
| Gross operating margin | 9900 | €220,608 | €264,330 | +€43,722 | +19.8% |
| Operating profit (loss) | 9901 | €163,787 | €203,642 | +€39,855 | +24.3% |
| Financial income | 75/76B | €0 | €4,176 | +€4,176 | |
| Recurring financial income | 75 | €0 | €4,176 | +€4,176 | |
| Financial charges | 65/66B | €2,190 | €1,674 | -€516 | -23.5% |
| Recurring financial charges | 65 | €2,190 | €1,674 | -€516 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €161,597 | €206,143 | +€44,547 | +27.6% |
| Income taxes | 67/77 | €48,675 | €62,930 | +€14,255 | +29.3% |
| Profit (loss) for the period | 9904 | €112,922 | €143,214 | +€30,292 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,922 | €143,214 | +€30,292 | +26.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.