Vast: 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.
Vast
Largest movements
- Receivables within one year -€29,158
down €29,158 (-50.8%), from €57,408 to €28,250
of which Other amounts receivable: -€37,554
- Tangible fixed assets +€18,715
up €18,715 (+58.5%), from €32,006 to €50,721
of which Leasing and similar rights: +€18,433
- Cash +€14,159
up €14,159 (+179%), from €7,895 to €22,053
mainly Receivables within one year (+€29,158) and Net result for the year (+€16,237)
- Other debts -€33,631
down €33,631 (-95.6%), from €35,175 to €1,543
- Debts after one year +€11,900
up €11,900 (+44.3%), from €26,859 to €38,760
- Reserves +€10,355
up €10,355 (+58.1%), from €17,835 to €28,190
- Tax, wage and social debts +€7,445
up €7,445 (+110%), from €6,785 to €14,230
of which Remuneration and social security: +€4,163
- Trade debts +€5,941
up €5,941 (+234%), from €2,541 to €8,482
- Gross operating margin +€31,919
up €31,919 (+44.2%), from €72,198 to €104,118
- Staff costs +€15,545
up €15,545 (+30.6%), from €50,869 to €66,414
- Taxes +€3,742
up €3,742 (+138%), from €2,704 to €6,446
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 | €104,641 | €107,679 | +€3,038 | +2.9% |
| Formation expenses | 20 | €545 | €42 | -€503 | -92.4% |
| Fixed assets | 21/28 | €33,011 | €50,726 | +€17,715 | +53.7% |
| Tangible fixed assets | 22/27 | €32,006 | €50,721 | +€18,715 | +58.5% |
| Plant, machinery and equipment | 23 | €1,126 | €744 | -€382 | -33.9% |
| Furniture and vehicles | 24 | €1,179 | €1,844 | +€664 | +56.3% |
| Leasing and similar rights | 25 | €29,700 | €48,133 | +€18,433 | +62.1% |
| Financial fixed assets | 28 | €1,005 | €5 | -€1,000 | -99.5% |
| Current assets | 29/58 | €71,086 | €56,911 | -€14,174 | -19.9% |
| Stocks and contracts in progress | 3 | €4,312 | €4,312 | = | 0.0% |
| Stocks | 30/36 | €4,312 | €4,312 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,408 | €28,250 | -€29,158 | -50.8% |
| Trade receivables | 40 | €18,658 | €27,054 | +€8,396 | +45.0% |
| Other amounts receivable | 41 | €38,750 | €1,196 | -€37,554 | -96.9% |
| Cash at bank and in hand | 54/58 | €7,895 | €22,053 | +€14,159 | +179% |
| Deferred charges and accrued income | 490/1 | €1,471 | €2,296 | +€825 | +56.1% |
| Total equity and liabilities | 10/49 | €104,641 | €107,679 | +€3,038 | +2.9% |
| Equity | 10/15 | €18,835 | €29,190 | +€10,355 | +55.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,835 | €28,190 | +€10,355 | +58.1% |
| Distributable reserves | 133 | €17,835 | €28,190 | +€10,355 | +58.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,806 | €78,489 | -€7,317 | -8.5% |
| Amounts payable after more than one year | 17 | €26,859 | €38,760 | +€11,900 | +44.3% |
| Financial debts | 170/4 | €26,859 | €38,760 | +€11,900 | +44.3% |
| Amounts payable within one year | 42/48 | €58,659 | €39,482 | -€19,177 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €9,361 | €15,226 | +€5,865 | +62.7% |
| Financial debts | 43 | €4,797 | €0 | -€4,797 | -100% |
| Credit institutions | 430/8 | €4,797 | €0 | -€4,797 | -100% |
| Trade debts | 44 | €2,541 | €8,482 | +€5,941 | +234% |
| Suppliers | 440/4 | €2,541 | €8,482 | +€5,941 | +234% |
| Taxes, remuneration and social security | 45 | €6,785 | €14,230 | +€7,445 | +110% |
| Taxes | 450/3 | €0 | €3,282 | +€3,282 | |
| Remuneration and social security | 454/9 | €6,785 | €10,947 | +€4,163 | +61.4% |
| Other amounts payable | 47/48 | €35,175 | €1,543 | -€33,631 | -95.6% |
| Accrued charges and deferred income | 492/3 | €288 | €247 | -€41 | -14.2% |
| Remuneration, social security and pensions | 62 | €50,869 | €66,414 | +€15,545 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,042 | €11,510 | +€468 | +4.2% |
| Other operating charges | 640/8 | €1,030 | €1,254 | +€224 | +21.7% |
| Gross operating margin | 9900 | €72,198 | €104,118 | +€31,919 | +44.2% |
| Operating profit (loss) | 9901 | €9,258 | €24,940 | +€15,682 | +169% |
| Financial income | 75/76B | €412 | €1,028 | +€616 | +149% |
| Recurring financial income | 75 | €412 | €1,028 | +€616 | +149% |
| Financial charges | 65/66B | €2,914 | €3,284 | +€370 | +12.7% |
| Recurring financial charges | 65 | €2,914 | €3,284 | +€370 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €6,755 | €22,683 | +€15,928 | +236% |
| Income taxes | 67/77 | €2,704 | €6,446 | +€3,742 | +138% |
| Profit (loss) for the period | 9904 | €4,051 | €16,237 | +€12,186 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €4,051 | €16,237 | +€12,186 | +301% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.