vass.technology: 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.technology
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+63.0%), from €1.9m to €3.1m
of which Land and buildings: +€740,858
- Cash -€186,024
down €186,024 (-56.0%), from €332,353 to €146,329
mainly Investment in fixed assets (net) (-€1.6m) and Contributions, distributions and other (-€224,989)
- Receivables within one year -€87,739
down €87,739 (-31.5%), from €278,796 to €191,057
of which Other amounts receivable: -€162,198
- Debts after one year +€1.2m
up €1.2m (+77.0%), from €1.6m to €2.8m
- Trade debts -€200,953
down €200,953 (-67.2%), from €298,831 to €97,879
- Reserves -€164,655
down €164,655 (-14.1%), from €1.2m to €1.0m
- Current portion of long-term debt +€138,336
up €138,336 (+47.7%), from €290,247 to €428,582
- Gross operating margin +€222,109
up €222,109 (+51.3%), from €432,601 to €654,710
- Financial income -€177,250
down €177,250 (-95.6%), from €185,343 to €8,093
- Depreciation +€96,522
up €96,522 (+35.6%), from €271,365 to €367,888
- Other operating charges +€54,571
up €54,571 (+372%), from €14,676 to €69,247
- Financial charges +€45,280
up €45,280 (+42.4%), from €106,844 to €152,124
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,367,114 | €4,313,615 | +€946,501 | +28.1% |
| Fixed assets | 21/28 | €2,739,041 | €3,956,814 | +€1.2m | +44.5% |
| Tangible fixed assets | 22/27 | €1,931,764 | €3,149,537 | +€1.2m | +63.0% |
| Land and buildings | 22 | €947,472 | €1,688,331 | +€740,858 | +78.2% |
| Plant, machinery and equipment | 23 | €513,696 | €434,521 | -€79,176 | -15.4% |
| Furniture and vehicles | 24 | €21,613 | €28,578 | +€6,965 | +32.2% |
| Leasing and similar rights | 25 | €277,282 | €838,815 | +€561,533 | +203% |
| Other tangible fixed assets | 26 | €171,701 | €159,293 | -€12,407 | -7.2% |
| Financial fixed assets | 28 | €807,277 | €807,277 | = | 0.0% |
| Current assets | 29/58 | €628,073 | €356,801 | -€271,272 | -43.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €278,796 | €191,057 | -€87,739 | -31.5% |
| Trade receivables | 40 | €15,228 | €89,687 | +€74,459 | +489% |
| Other amounts receivable | 41 | €263,568 | €101,370 | -€162,198 | -61.5% |
| Cash at bank and in hand | 54/58 | €332,353 | €146,329 | -€186,024 | -56.0% |
| Deferred charges and accrued income | 490/1 | €6,924 | €9,415 | +€2,491 | +36.0% |
| Total equity and liabilities | 10/49 | €3,367,114 | €4,313,615 | +€946,501 | +28.1% |
| Equity | 10/15 | €1,176,683 | €1,024,428 | -€152,255 | -12.9% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €1,170,483 | €1,005,828 | -€164,655 | -14.1% |
| Distributable reserves | 133 | €1,170,483 | €1,005,828 | -€164,655 | -14.1% |
| Amounts payable | 17/49 | €2,190,431 | €3,289,187 | +€1.1m | +50.2% |
| Amounts payable after more than one year | 17 | €1,554,354 | €2,751,112 | +€1.2m | +77.0% |
| Financial debts | 170/4 | €1,554,354 | €2,751,112 | +€1.2m | +77.0% |
| Amounts payable within one year | 42/48 | €629,542 | €537,326 | -€92,217 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €290,247 | €428,582 | +€138,336 | +47.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €298,831 | €97,879 | -€200,953 | -67.2% |
| Suppliers | 440/4 | €298,831 | €97,879 | -€200,953 | -67.2% |
| Taxes, remuneration and social security | 45 | €39,729 | €10,865 | -€28,865 | -72.7% |
| Taxes | 450/3 | €39,605 | €6,589 | -€33,016 | -83.4% |
| Remuneration and social security | 454/9 | €124 | €4,275 | +€4,151 | +3,335% |
| Other amounts payable | 47/48 | €735 | - | -€735 | |
| Accrued charges and deferred income | 492/3 | €6,535 | €750 | -€5,785 | -88.5% |
| Non-recurring operating income | 76A | - | €21 | +€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,365 | €367,888 | +€96,522 | +35.6% |
| Other operating charges | 640/8 | €14,676 | €69,247 | +€54,571 | +372% |
| Non-recurring operating charges | 66A | €52,895 | - | -€52,895 | |
| Gross operating margin | 9900 | €432,601 | €654,710 | +€222,109 | +51.3% |
| Operating profit (loss) | 9901 | €93,664 | €217,576 | +€123,912 | +132% |
| Financial income | 75/76B | €185,343 | €8,093 | -€177,250 | -95.6% |
| Recurring financial income | 75 | €185,343 | €8,093 | -€177,250 | -95.6% |
| Financial charges | 65/66B | €106,844 | €152,124 | +€45,280 | +42.4% |
| Recurring financial charges | 65 | €106,844 | €152,124 | +€45,280 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €172,163 | €73,545 | -€98,618 | -57.3% |
| Income taxes | 67/77 | €3,805 | €812 | -€2,994 | -78.7% |
| Profit (loss) for the period | 9904 | €168,358 | €72,733 | -€95,625 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €168,358 | €72,733 | -€95,625 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.