VAST INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Cash -€16,985
down €16,985 (-99.9%), from €17,005 to €20
mainly Net result for the year (-€26,917) and Investment in fixed assets (net) (-€8,250)
- Deferred charges and accrued income -€11,334
down €11,334 (-85.8%), from €13,214 to €1,880
- Receivables within one year -€7,628
down €7,628 (-23.9%), from €31,896 to €24,268
of which Trade receivables: -€10,218
- Tangible fixed assets +€3,208
up €3,208 (+48.3%), from €6,646 to €9,853
of which Furniture and vehicles: +€4,628
- Profit (loss) carried forward -€26,917
down €26,917, from €19,853 to -€7,064
- Tax, wage and social debts -€4,473
down €4,473 (-69.7%), from €6,421 to €1,948
- Trade debts -€1,946
down €1,946 (-66.1%), from €2,946 to €1,000
of which Suppliers: -€1,946
- Gross operating margin -€55,117
down €55,117, from €42,422 to -€12,694
- Taxes -€4,473
down €4,473 (-94.7%), from €4,722 to €249
- Depreciation -€2,883
down €2,883 (-36.4%), from €7,925 to €5,042
- Staff costs +€1,231
up €1,231 (+21.4%), from €5,758 to €6,990
- Financial charges -€812
down €812 (-62.5%), from €1,301 to €488
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 | €69,903 | €37,163 | -€32,740 | -46.8% |
| Fixed assets | 21/28 | €7,788 | €10,995 | +€3,208 | +41.2% |
| Tangible fixed assets | 22/27 | €6,646 | €9,853 | +€3,208 | +48.3% |
| Plant, machinery and equipment | 23 | €3,787 | €2,367 | -€1,420 | -37.5% |
| Furniture and vehicles | 24 | €2,859 | €7,487 | +€4,628 | +162% |
| Financial fixed assets | 28 | €1,142 | €1,142 | = | 0.0% |
| Current assets | 29/58 | €62,115 | €26,168 | -€35,947 | -57.9% |
| Amounts receivable within one year | 40/41 | €31,896 | €24,268 | -€7,628 | -23.9% |
| Trade receivables | 40 | €30,887 | €20,668 | -€10,218 | -33.1% |
| Other amounts receivable | 41 | €1,009 | €3,599 | +€2,590 | +257% |
| Cash at bank and in hand | 54/58 | €17,005 | €20 | -€16,985 | -99.9% |
| Deferred charges and accrued income | 490/1 | €13,214 | €1,880 | -€11,334 | -85.8% |
| Total equity and liabilities | 10/49 | €69,903 | €37,163 | -€32,740 | -46.8% |
| Equity | 10/15 | €56,686 | €29,769 | -€26,917 | -47.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,634 | €30,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,774 | €28,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,853 | -€7,064 | -€26,917 | |
| Amounts payable | 17/49 | €13,217 | €7,394 | -€5,823 | -44.1% |
| Amounts payable within one year | 42/48 | €13,217 | €7,394 | -€5,823 | -44.1% |
| Financial debts | 43 | €4 | €4 | = | 0.0% |
| Credit institutions | 430/8 | €4 | €4 | = | 0.0% |
| Trade debts | 44 | €2,946 | €1,000 | -€1,946 | -66.1% |
| Suppliers | 440/4 | €1,946 | - | -€1,946 | |
| Bills of exchange payable | 441 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,421 | €1,948 | -€4,473 | -69.7% |
| Taxes | 450/3 | €6,421 | €1,948 | -€4,473 | -69.7% |
| Other amounts payable | 47/48 | €3,846 | €4,442 | +€596 | +15.5% |
| Remuneration, social security and pensions | 62 | €5,758 | €6,990 | +€1,231 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,925 | €5,042 | -€2,883 | -36.4% |
| Other operating charges | 640/8 | €825 | €1,455 | +€630 | +76.4% |
| Gross operating margin | 9900 | €42,422 | -€12,694 | -€55,117 | |
| Operating profit (loss) | 9901 | €27,914 | -€26,181 | -€54,096 | |
| Financial income | 75/76B | €62 | €2 | -€61 | -97.3% |
| Recurring financial income | 75 | €62 | €2 | -€61 | -97.3% |
| Financial charges | 65/66B | €1,301 | €488 | -€812 | -62.5% |
| Recurring financial charges | 65 | €1,301 | €488 | -€812 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €26,676 | -€26,668 | -€53,344 | |
| Income taxes | 67/77 | €4,722 | €249 | -€4,473 | -94.7% |
| Profit (loss) for the period | 9904 | €21,954 | -€26,917 | -€48,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,954 | -€26,917 | -€48,871 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.