VAST GRUP: 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 GRUP
Largest movements
- Cash +€31,376
up €31,376 (+193%), from €16,266 to €47,642
mainly Net result for the year (+€67,023) and Tax, wage and social debts (+€19,895)
- Receivables within one year +€25,659
up €25,659 (+99.0%), from €25,917 to €51,576
of which Trade receivables: +€15,652
- Tangible fixed assets +€9,056
up €9,056 (+68.2%), from €13,286 to €22,342
of which Furniture and vehicles: +€7,278
- Tax, wage and social debts +€19,895
up €19,895 (+259%), from €7,695 to €27,590
- Profit (loss) carried forward +€14,451
up €14,451 (+645,146%), from €2 to €14,454
- Other debts +€10,934
up €10,934 (+47.4%), from €23,066 to €34,000
- Reserves +€10,000
new in 2025: €10,000
- Debts after one year +€8,509
new in 2025: €8,509
- Gross operating margin +€72,568
up €72,568 (+285%), from €25,455 to €98,022
- Taxes +€15,016
up €15,016 (+375%), from €4,003 to €19,019
- Depreciation +€5,750
up €5,750 (+108%), from €5,301 to €11,051
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 | €55,905 | €122,360 | +€66,455 | +119% |
| Fixed assets | 21/28 | €13,286 | €22,342 | +€9,056 | +68.2% |
| Tangible fixed assets | 22/27 | €13,286 | €22,342 | +€9,056 | +68.2% |
| Plant, machinery and equipment | 23 | €1,667 | €3,445 | +€1,778 | +107% |
| Furniture and vehicles | 24 | €11,619 | €18,897 | +€7,278 | +62.6% |
| Current assets | 29/58 | €42,620 | €100,018 | +€57,399 | +135% |
| Amounts receivable within one year | 40/41 | €25,917 | €51,576 | +€25,659 | +99.0% |
| Trade receivables | 40 | €23,688 | €39,340 | +€15,652 | +66.1% |
| Other amounts receivable | 41 | €2,229 | €12,237 | +€10,007 | +449% |
| Cash at bank and in hand | 54/58 | €16,266 | €47,642 | +€31,376 | +193% |
| Deferred charges and accrued income | 490/1 | €437 | €800 | +€363 | +83.2% |
| Total equity and liabilities | 10/49 | €55,905 | €122,360 | +€66,455 | +119% |
| Equity | 10/15 | €3,502 | €27,954 | +€24,451 | +698% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €2 | €14,454 | +€14,451 | +645,146% |
| Amounts payable | 17/49 | €52,403 | €94,406 | +€42,003 | +80.2% |
| Amounts payable after more than one year | 17 | - | €8,509 | +€8,509 | |
| Financial debts | 170/4 | - | €8,509 | +€8,509 | |
| Amounts payable within one year | 42/48 | €52,403 | €85,898 | +€33,495 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,201 | +€2,201 | |
| Trade debts | 44 | €21,642 | €22,107 | +€465 | +2.1% |
| Suppliers | 440/4 | €21,642 | €22,107 | +€465 | +2.1% |
| Taxes, remuneration and social security | 45 | €7,695 | €27,590 | +€19,895 | +259% |
| Taxes | 450/3 | €7,695 | €27,590 | +€19,895 | +259% |
| Other amounts payable | 47/48 | €23,066 | €34,000 | +€10,934 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,301 | €11,051 | +€5,750 | +108% |
| Other operating charges | 640/8 | €137 | €217 | +€80 | +58.9% |
| Gross operating margin | 9900 | €25,455 | €98,022 | +€72,568 | +285% |
| Operating profit (loss) | 9901 | €20,018 | €86,755 | +€66,737 | +333% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €12 | €717 | +€705 | +5,749% |
| Recurring financial charges | 65 | €12 | €717 | +€705 | +5,749% |
| Profit (loss) for the period before taxes | 9903 | €20,005 | €86,042 | +€66,036 | +330% |
| Income taxes | 67/77 | €4,003 | €19,019 | +€15,016 | +375% |
| Profit (loss) for the period | 9904 | €16,002 | €67,023 | +€51,020 | +319% |
| Profit (loss) for the period to be appropriated | 9905 | €16,002 | €67,023 | +€51,020 | +319% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.