VASS SERVICE: 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.
VASS SERVICE
Largest movements
- Tangible fixed assets +€873,677
up €873,677 (+61.8%), from €1.4m to €2.3m
of which Land and buildings: +€874,673
- Receivables within one year +€153,614
up €153,614 (+871%), from €17,637 to €171,251
of which Other amounts receivable: +€143,312
- Cash -€82,153
down €82,153 (-56.4%), from €145,612 to €63,459
mainly Investment in fixed assets (net) (-€960,062) and Contributions, distributions and other (-€197,604)
- Debts after one year +€768,810
up €768,810 (+92.1%), from €834,967 to €1.6m
- Other debts +€181,207
up €181,207 (+556%), from €32,606 to €213,813
- Current portion of long-term debt +€61,061
up €61,061 (+102%), from €60,128 to €121,190
- Reserves -€52,226
down €52,226 (-9.1%), from €573,811 to €521,585
- Depreciation +€8,027
up €8,027 (+10.3%), from €78,297 to €86,323
- Financial charges +€7,478
up €7,478 (+38.6%), from €19,374 to €26,852
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 | €1,578,748 | €2,524,018 | +€945,270 | +59.9% |
| Fixed assets | 21/28 | €1,412,767 | €2,286,506 | +€873,738 | +61.8% |
| Tangible fixed assets | 22/27 | €1,412,767 | €2,286,444 | +€873,677 | +61.8% |
| Land and buildings | 22 | €1,408,704 | €2,283,377 | +€874,673 | +62.1% |
| Furniture and vehicles | 24 | €4,064 | €3,067 | -€997 | -24.5% |
| Financial fixed assets | 28 | - | €62 | +€62 | |
| Current assets | 29/58 | €165,981 | €237,512 | +€71,531 | +43.1% |
| Amounts receivable within one year | 40/41 | €17,637 | €171,251 | +€153,614 | +871% |
| Trade receivables | 40 | €17,637 | €27,939 | +€10,302 | +58.4% |
| Other amounts receivable | 41 | - | €143,312 | +€143,312 | |
| Cash at bank and in hand | 54/58 | €145,612 | €63,459 | -€82,153 | -56.4% |
| Deferred charges and accrued income | 490/1 | €2,731 | €2,802 | +€71 | +2.6% |
| Total equity and liabilities | 10/49 | €1,578,748 | €2,524,018 | +€945,270 | +59.9% |
| Equity | 10/15 | €592,361 | €540,135 | -€52,226 | -8.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €573,811 | €521,585 | -€52,226 | -9.1% |
| Distributable reserves | 133 | €573,811 | €521,585 | -€52,226 | -9.1% |
| Amounts payable | 17/49 | €986,387 | €1,983,883 | +€997,496 | +101% |
| Amounts payable after more than one year | 17 | €834,967 | €1,603,777 | +€768,810 | +92.1% |
| Financial debts | 170/4 | €834,967 | €1,603,777 | +€768,810 | +92.1% |
| Amounts payable within one year | 42/48 | €140,215 | €358,612 | +€218,397 | +156% |
| Current portion of amounts payable after more than one year | 42 | €60,128 | €121,190 | +€61,061 | +102% |
| Trade debts | 44 | €22,354 | €10,845 | -€11,509 | -51.5% |
| Suppliers | 440/4 | €22,354 | €10,845 | -€11,509 | -51.5% |
| Taxes, remuneration and social security | 45 | €25,126 | €12,764 | -€12,362 | -49.2% |
| Taxes | 450/3 | €25,126 | €12,764 | -€12,362 | -49.2% |
| Other amounts payable | 47/48 | €32,606 | €213,813 | +€181,207 | +556% |
| Accrued charges and deferred income | 492/3 | €11,205 | €21,494 | +€10,289 | +91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,297 | €86,323 | +€8,027 | +10.3% |
| Other operating charges | 640/8 | €7,688 | €8,490 | +€803 | +10.4% |
| Gross operating margin | 9900 | €325,213 | €327,218 | +€2,005 | +0.6% |
| Operating profit (loss) | 9901 | €239,229 | €232,404 | -€6,825 | -2.9% |
| Financial charges | 65/66B | €19,374 | €26,852 | +€7,478 | +38.6% |
| Recurring financial charges | 65 | €19,374 | €26,852 | +€7,478 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €219,855 | €205,552 | -€14,303 | -6.5% |
| Income taxes | 67/77 | €59,681 | €60,174 | +€493 | +0.8% |
| Profit (loss) for the period | 9904 | €160,174 | €145,378 | -€14,795 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,174 | €145,378 | -€14,795 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.