VASOM: 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.
VASOM
Largest movements
- Cash +€32,988
up €32,988 (+42.0%), from €78,544 to €111,532
mainly Depreciation (+€17,345) and Receivables within one year (+€11,173)
- Tangible fixed assets -€13,596
down €13,596 (-31.0%), from €43,924 to €30,328
of which Furniture and vehicles: -€14,536
- Receivables within one year -€11,173
down €11,173 (-81.3%), from €13,737 to €2,563
of which Trade receivables: -€9,075
- Reserves +€7,924
up €7,924 (+36.6%), from €21,622 to €29,546
- Trade debts +€4,166
up €4,166 (+921.8%), from €452 to €4,618
- Tax, wage and social debts -€2,403
down €2,403 (-90.5%), from €2,654 to €251
- Gross operating margin +€6,384
up €6,384 (+28.7%), from €22,272 to €28,656
- Taxes +€1,837
up €1,837 (+114.8%), from €1,600 to €3,437
- Other operating charges -€459
down €459 (-47.5%), from €966 to €508
- Financial income +€292
up €292 (+103.2%), from €282 to €574
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 | €190,197 | €198,426 | +€8,230 | +4.3% |
| Fixed assets | 21/28 | €44,224 | €30,628 | -€13,596 | -30.7% |
| Tangible fixed assets | 22/27 | €43,924 | €30,328 | -€13,596 | -31.0% |
| Land and buildings | 22 | €5,363 | €6,892 | +€1,529 | +28.5% |
| Plant, machinery and equipment | 23 | €1,381 | €792 | -€589 | -42.6% |
| Furniture and vehicles | 24 | €37,180 | €22,644 | -€14,536 | -39.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €145,973 | €167,798 | +€21,825 | +15.0% |
| Amounts receivable within one year | 40/41 | €13,737 | €2,563 | -€11,173 | -81.3% |
| Trade receivables | 40 | €9,075 | - | -€9,075 | |
| Other amounts receivable | 41 | €4,662 | €2,563 | -€2,098 | -45.0% |
| Current investments | 50/53 | €52,018 | €52,591 | +€573 | +1.1% |
| Cash at bank and in hand | 54/58 | €78,544 | €111,532 | +€32,988 | +42.0% |
| Deferred charges and accrued income | 490/1 | €1,675 | €1,112 | -€563 | -33.6% |
| Total equity and liabilities | 10/49 | €190,197 | €198,426 | +€8,230 | +4.3% |
| Equity | 10/15 | €181,810 | €189,734 | +€7,924 | +4.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €21,622 | €29,546 | +€7,924 | +36.6% |
| Distributable reserves | 133 | €21,622 | €29,546 | +€7,924 | +36.6% |
| Profit (loss) carried forward | 14 | €147,688 | €147,688 | = | 0.0% |
| Amounts payable | 17/49 | €8,387 | €8,693 | +€306 | +3.6% |
| Amounts payable within one year | 42/48 | €8,357 | €8,693 | +€336 | +4.0% |
| Trade debts | 44 | €452 | €4,618 | +€4,166 | +921.8% |
| Suppliers | 440/4 | €452 | €4,618 | +€4,166 | +921.8% |
| Taxes, remuneration and social security | 45 | €2,654 | €251 | -€2,403 | -90.5% |
| Taxes | 450/3 | €2,654 | €251 | -€2,403 | -90.5% |
| Other amounts payable | 47/48 | €5,251 | €3,824 | -€1,427 | -27.2% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,324 | €17,345 | +€21 | +0.1% |
| Other operating charges | 640/8 | €966 | €508 | -€459 | -47.5% |
| Gross operating margin | 9900 | €22,272 | €28,656 | +€6,384 | +28.7% |
| Operating profit (loss) | 9901 | €3,982 | €10,803 | +€6,821 | +171.3% |
| Financial income | 75/76B | €282 | €574 | +€292 | +103.2% |
| Recurring financial income | 75 | €282 | €574 | +€292 | +103.2% |
| Financial charges | 65/66B | €48 | €17 | -€31 | -64.7% |
| Recurring financial charges | 65 | €48 | €17 | -€31 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €4,216 | €11,360 | +€7,144 | +169.4% |
| Income taxes | 67/77 | €1,600 | €3,437 | +€1,837 | +114.8% |
| Profit (loss) for the period | 9904 | €2,616 | €7,924 | +€5,307 | +202.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,616 | €7,924 | +€5,307 | +202.9% |
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 3 October 2026 via checked.be.