VASSUR: 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.
VASSUR
Largest movements
- Cash -€64,574
down €64,574 (-15.7%), from €410,463 to €345,889
mainly Net result for the year (-€43,242) and Provisions (-€11,411)
- Reserves -€43,242
down €43,242 (-4.6%), from €949,646 to €906,404
- Gross operating margin +€21,330
up €21,330, from -€10,829 to €10,501
- Financial income +€10,904
up €10,904 (+41.9%), from €26,004 to €36,908
- Financial charges +€200
up €200 (+0.2%), from €87,946 to €88,146
- Other operating charges +€170
up €170 (+8.7%), from €1,950 to €2,120
- Taxes -€119
down €119 (-23.6%), from €503 to €385
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 | €1,797,542 | €1,744,843 | -€52,700 | -2.9% |
| Current assets | 29/58 | €1,797,542 | €1,744,843 | -€52,700 | -2.9% |
| Amounts receivable within one year | 40/41 | €3,949 | €13,926 | +€9,977 | +252.7% |
| Other amounts receivable | 41 | €3,949 | €13,926 | +€9,977 | +252.7% |
| Current investments | 50/53 | €1,380,347 | €1,385,028 | +€4,680 | +0.3% |
| Cash at bank and in hand | 54/58 | €410,463 | €345,889 | -€64,574 | -15.7% |
| Deferred charges and accrued income | 490/1 | €2,783 | - | -€2,783 | |
| Total equity and liabilities | 10/49 | €1,797,542 | €1,744,843 | -€52,700 | -2.9% |
| Equity | 10/15 | €1,011,646 | €968,404 | -€43,242 | -4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €949,646 | €906,404 | -€43,242 | -4.6% |
| Distributable reserves | 133 | €949,646 | €906,404 | -€43,242 | -4.6% |
| Provisions and deferred taxes | 16 | €718,373 | €706,962 | -€11,411 | -1.6% |
| Provisions for liabilities and charges | 160/5 | €718,373 | €706,962 | -€11,411 | -1.6% |
| Pensions and similar obligations | 160 | €718,373 | €706,962 | -€11,411 | -1.6% |
| Amounts payable | 17/49 | €67,524 | €69,477 | +€1,954 | +2.9% |
| Amounts payable within one year | 42/48 | €4,721 | €5,902 | +€1,181 | +25.0% |
| Other amounts payable | 47/48 | €4,721 | €5,902 | +€1,181 | +25.0% |
| Accrued charges and deferred income | 492/3 | €62,803 | €63,575 | +€772 | +1.2% |
| Other operating charges | 640/8 | €1,950 | €2,120 | +€170 | +8.7% |
| Gross operating margin | 9900 | -€10,829 | €10,501 | +€21,330 | |
| Operating profit (loss) | 9901 | -€12,779 | €8,381 | +€21,160 | |
| Financial income | 75/76B | €26,004 | €36,908 | +€10,904 | +41.9% |
| Recurring financial income | 75 | €26,004 | €36,908 | +€10,904 | +41.9% |
| Financial charges | 65/66B | €87,946 | €88,146 | +€200 | +0.2% |
| Recurring financial charges | 65 | €87,946 | €88,146 | +€200 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€74,721 | -€42,857 | +€31,864 | +42.6% |
| Income taxes | 67/77 | €503 | €385 | -€119 | -23.6% |
| Profit (loss) for the period | 9904 | -€75,224 | -€43,242 | +€31,983 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,224 | -€43,242 | +€31,983 | +42.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.