VASOA: 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.
VASOA
Largest movements
- Receivables within one year -€801
down €801 (-71.8%), from €1,115 to €314
of which Other amounts receivable: -€1,004
- Profit (loss) carried forward -€2,621
down €2,621 (-104%), from -€2,521 to -€5,142
- Trade debts +€1,015
new in 2025: €1,015
- Other debts +€839
up €839 (+52.1%), from €1,610 to €2,449
- Short-term financial debts -€25
no longer reported in 2025 (was €25)
- Gross operating margin -€1,468
down €1,468 (-234%), from -€628 to -€2,095
- Other operating charges +€412
new in 2025: €412
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 | €1,115 | €323 | -€792 | -71.0% |
| Current assets | 29/58 | €1,115 | €323 | -€792 | -71.0% |
| Amounts receivable within one year | 40/41 | €1,115 | €314 | -€801 | -71.8% |
| Trade receivables | 40 | - | €204 | +€204 | |
| Other amounts receivable | 41 | €1,115 | €110 | -€1,004 | -90.1% |
| Cash at bank and in hand | 54/58 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €1,115 | €323 | -€792 | -71.0% |
| Equity | 10/15 | -€521 | -€3,142 | -€2,621 | -503% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€2,521 | -€5,142 | -€2,621 | -104% |
| Amounts payable | 17/49 | €1,635 | €3,465 | +€1,829 | +112% |
| Amounts payable within one year | 42/48 | €1,635 | €3,465 | +€1,829 | +112% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | - | €1,015 | +€1,015 | |
| Suppliers | 440/4 | - | €1,015 | +€1,015 | |
| Other amounts payable | 47/48 | €1,610 | €2,449 | +€839 | +52.1% |
| Other operating charges | 640/8 | - | €412 | +€412 | |
| Gross operating margin | 9900 | -€628 | -€2,095 | -€1,468 | -234% |
| Operating profit (loss) | 9901 | -€628 | -€2,507 | -€1,880 | -300% |
| Financial charges | 65/66B | €116 | €115 | -€1 | -1.1% |
| Recurring financial charges | 65 | €116 | €115 | -€1 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€743 | -€2,622 | -€1,878 | -253% |
| Profit (loss) for the period | 9904 | -€743 | -€2,622 | -€1,878 | -253% |
| Profit (loss) for the period to be appropriated | 9905 | -€743 | -€2,622 | -€1,878 | -253% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.