VAST FB: 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 FB
Largest movements
- Deferred charges and accrued income +€26,951
new in 2025: €26,951
- Receivables within one year -€24,533
down €24,533 (-32.3%), from €76,067 to €51,534
of which Trade receivables: -€26,619
- Cash +€20,935
up €20,935 (+25.8%), from €81,288 to €102,223
mainly Net result for the year (+€57,056) and Receivables within one year (+€24,533)
- Tangible fixed assets -€16,133
down €16,133 (-1.1%), from €1.4m to €1.4m
- Profit (loss) carried forward +€57,056
up €57,056 (+33.7%), from €169,069 to €226,125
- Debts after one year -€29,024
down €29,024 (-38.4%), from €75,653 to €46,628
- Gross operating margin +€6,606
up €6,606 (+5.3%), from €123,646 to €130,252
- Other operating charges +€3,826
up €3,826 (+11.4%), from €33,425 to €37,251
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 | €1,576,535 | €1,583,755 | +€7,220 | +0.5% |
| Fixed assets | 21/28 | €1,419,180 | €1,403,046 | -€16,133 | -1.1% |
| Tangible fixed assets | 22/27 | €1,419,180 | €1,403,046 | -€16,133 | -1.1% |
| Land and buildings | 22 | €1,419,180 | €1,403,046 | -€16,133 | -1.1% |
| Current assets | 29/58 | €157,355 | €180,708 | +€23,353 | +14.8% |
| Amounts receivable within one year | 40/41 | €76,067 | €51,534 | -€24,533 | -32.3% |
| Trade receivables | 40 | €74,293 | €47,674 | -€26,619 | -35.8% |
| Other amounts receivable | 41 | €1,775 | €3,860 | +€2,086 | +117.5% |
| Cash at bank and in hand | 54/58 | €81,288 | €102,223 | +€20,935 | +25.8% |
| Deferred charges and accrued income | 490/1 | - | €26,951 | +€26,951 | |
| Total equity and liabilities | 10/49 | €1,576,535 | €1,583,755 | +€7,220 | +0.5% |
| Equity | 10/15 | €1,438,928 | €1,495,985 | +€57,056 | +4.0% |
| Contributions | 10/11 | €69,860 | €69,860 | = | 0.0% |
| Revaluation surpluses | 12 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,069 | €226,125 | +€57,056 | +33.7% |
| Amounts payable | 17/49 | €137,606 | €87,770 | -€49,837 | -36.2% |
| Amounts payable after more than one year | 17 | €75,653 | €46,628 | -€29,024 | -38.4% |
| Financial debts | 170/4 | €75,653 | €46,628 | -€29,024 | -38.4% |
| Amounts payable within one year | 42/48 | €61,954 | €41,142 | -€20,812 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €28,700 | €29,024 | +€325 | +1.1% |
| Trade debts | 44 | €6,388 | €0 | -€6,388 | -100.0% |
| Suppliers | 440/4 | €6,388 | €0 | -€6,388 | -100.0% |
| Taxes, remuneration and social security | 45 | €21,866 | €7,117 | -€14,749 | -67.5% |
| Taxes | 450/3 | €21,866 | €7,117 | -€14,749 | -67.5% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,654 | €16,625 | +€971 | +6.2% |
| Other operating charges | 640/8 | €33,425 | €37,251 | +€3,826 | +11.4% |
| Gross operating margin | 9900 | €123,646 | €130,252 | +€6,606 | +5.3% |
| Operating profit (loss) | 9901 | €74,567 | €76,376 | +€1,809 | +2.4% |
| Financial income | 75/76B | €932 | €1,290 | +€358 | +38.4% |
| Recurring financial income | 75 | €932 | €1,290 | +€358 | +38.4% |
| Financial charges | 65/66B | €1,703 | €1,411 | -€292 | -17.2% |
| Recurring financial charges | 65 | €1,703 | €1,411 | -€292 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €73,796 | €76,256 | +€2,459 | +3.3% |
| Income taxes | 67/77 | €18,584 | €19,200 | +€615 | +3.3% |
| Profit (loss) for the period | 9904 | €55,212 | €57,056 | +€1,844 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,212 | €57,056 | +€1,844 | +3.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.