VAST: 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.
VAST
Largest movements
- Cash -€18,905
down €18,905 (-65.2%), from €28,994 to €10,089
mainly Net result for the year (-€15,933) and Investment in fixed assets (net) (-€15,736)
- Receivables within one year -€13,402
down €13,402 (-61.4%), from €21,835 to €8,433
of which Other amounts receivable: -€8,264
- Tangible fixed assets +€5,403
up €5,403 (+38.1%), from €14,166 to €19,569
of which Furniture and vehicles: +€5,510
- Deferred charges and accrued income -€2,977
down €2,977 (-100.0%), from €2,977 to €0
- Reserves -€15,933
down €15,933 (-49.2%), from €32,407 to €16,474
- Trade debts -€9,459
down €9,459 (-82.7%), from €11,439 to €1,980
- Tax, wage and social debts -€5,689
down €5,689 (-85.3%), from €6,667 to €979
of which Taxes: -€3,430
- Other debts +€5,231
new in 2025: €5,231
- Debts after one year -€4,152
down €4,152 (-49.3%), from €8,428 to €4,276
- Gross operating margin -€19,902
down €19,902, from €15,903 to -€3,999
- Taxes -€1,045
down €1,045 (-100.0%), from €1,045 to €0
- Other operating charges -€750
down €750 (-40.0%), from €1,874 to €1,123
- Depreciation +€675
up €675 (+7.0%), from €9,658 to €10,333
- Financial income -€297
down €297 (-100.0%), from €297 to €0
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 | €67,972 | €38,092 | -€29,880 | -44.0% |
| Fixed assets | 21/28 | €14,166 | €19,569 | +€5,403 | +38.1% |
| Tangible fixed assets | 22/27 | €14,166 | €19,569 | +€5,403 | +38.1% |
| Plant, machinery and equipment | 23 | €570 | €464 | -€106 | -18.7% |
| Furniture and vehicles | 24 | €13,595 | €19,105 | +€5,510 | +40.5% |
| Current assets | 29/58 | €53,806 | €18,522 | -€35,284 | -65.6% |
| Amounts receivable within one year | 40/41 | €21,835 | €8,433 | -€13,402 | -61.4% |
| Trade receivables | 40 | €7,394 | €2,256 | -€5,139 | -69.5% |
| Other amounts receivable | 41 | €14,441 | €6,177 | -€8,264 | -57.2% |
| Cash at bank and in hand | 54/58 | €28,994 | €10,089 | -€18,905 | -65.2% |
| Deferred charges and accrued income | 490/1 | €2,977 | €0 | -€2,977 | -100.0% |
| Total equity and liabilities | 10/49 | €67,972 | €38,092 | -€29,880 | -44.0% |
| Equity | 10/15 | €37,407 | €21,474 | -€15,933 | -42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,407 | €16,474 | -€15,933 | -49.2% |
| Distributable reserves | 133 | €32,407 | €16,474 | -€15,933 | -49.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €30,565 | €16,617 | -€13,947 | -45.6% |
| Amounts payable after more than one year | 17 | €8,428 | €4,276 | -€4,152 | -49.3% |
| Financial debts | 170/4 | €8,428 | €4,276 | -€4,152 | -49.3% |
| Amounts payable within one year | 42/48 | €22,137 | €12,341 | -€9,796 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €4,031 | €4,152 | +€121 | +3.0% |
| Trade debts | 44 | €11,439 | €1,980 | -€9,459 | -82.7% |
| Suppliers | 440/4 | €11,439 | €1,980 | -€9,459 | -82.7% |
| Taxes, remuneration and social security | 45 | €6,667 | €979 | -€5,689 | -85.3% |
| Taxes | 450/3 | €4,409 | €979 | -€3,430 | -77.8% |
| Remuneration and social security | 454/9 | €2,259 | €0 | -€2,259 | -100.0% |
| Other amounts payable | 47/48 | - | €5,231 | +€5,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,658 | €10,333 | +€675 | +7.0% |
| Other operating charges | 640/8 | €1,874 | €1,123 | -€750 | -40.0% |
| Gross operating margin | 9900 | €15,903 | -€3,999 | -€19,902 | |
| Operating profit (loss) | 9901 | €4,372 | -€15,455 | -€19,827 | |
| Financial income | 75/76B | €297 | €0 | -€297 | -100.0% |
| Recurring financial income | 75 | €297 | €0 | -€297 | -100.0% |
| Financial charges | 65/66B | €648 | €478 | -€170 | -26.2% |
| Recurring financial charges | 65 | €648 | €478 | -€170 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €4,020 | -€15,933 | -€19,953 | |
| Income taxes | 67/77 | €1,045 | €0 | -€1,045 | -100.0% |
| Profit (loss) for the period | 9904 | €2,976 | -€15,933 | -€18,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,976 | -€15,933 | -€18,909 |
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 28 September 2026 via checked.be.