VASTACC: 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.
VASTACC
Largest movements
- Tangible fixed assets -€529,081
down €529,081 (-65.0%), from €814,239 to €285,158
of which Land and buildings: -€527,817
- Cash -€68,553
down €68,553 (-45.8%), from €149,804 to €81,251
mainly Other debts (-€410,928) and Debts after one year (-€200,291)
- Intangible fixed assets -€60,000
down €60,000 (-23.5%), from €255,082 to €195,082
- Receivables within one year -€31,149
down €31,149 (-12.4%), from €251,355 to €220,206
of which Trade receivables: -€134,695
- Other debts -€410,928
down €410,928 (-99.7%), from €412,160 to €1,231
- Debts after one year -€200,291
down €200,291 (-45.0%), from €444,731 to €244,440
- Profit (loss) carried forward -€44,981
down €44,981 (-22.5%), from €199,696 to €154,715
- Trade debts -€30,473
down €30,473 (-55.9%), from €54,501 to €24,028
- Current portion of long-term debt -€16,743
down €16,743 (-37.9%), from €44,145 to €27,402
- Taxes +€86,638
up €86,638 (+241%), from €35,918 to €122,556
- Gross operating margin -€40,451
down €40,451 (-14.3%), from €282,503 to €242,052
- Depreciation +€15,143
up €15,143 (+24.4%), from €62,181 to €77,324
- Staff costs -€8,835
down €8,835 (-11.2%), from €78,630 to €69,795
- Other operating charges +€3,513
up €3,513 (+34.8%), from €10,094 to €13,606
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 | €1,528,326 | €839,544 | -€688,783 | -45.1% |
| Fixed assets | 21/28 | €1,069,321 | €480,240 | -€589,081 | -55.1% |
| Intangible fixed assets | 21 | €255,082 | €195,082 | -€60,000 | -23.5% |
| Tangible fixed assets | 22/27 | €814,239 | €285,158 | -€529,081 | -65.0% |
| Land and buildings | 22 | €811,521 | €283,704 | -€527,817 | -65.0% |
| Furniture and vehicles | 24 | €2,718 | €1,454 | -€1,264 | -46.5% |
| Current assets | 29/58 | €459,006 | €359,304 | -€99,702 | -21.7% |
| Amounts receivable within one year | 40/41 | €251,355 | €220,206 | -€31,149 | -12.4% |
| Trade receivables | 40 | €227,701 | €93,006 | -€134,695 | -59.2% |
| Other amounts receivable | 41 | €23,654 | €127,200 | +€103,546 | +438% |
| Current investments | 50/53 | €57,846 | €57,846 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,804 | €81,251 | -€68,553 | -45.8% |
| Total equity and liabilities | 10/49 | €1,528,326 | €839,544 | -€688,783 | -45.1% |
| Equity | 10/15 | €548,080 | €503,099 | -€44,981 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €258,207 | €258,207 | = | 0.0% |
| Reserves | 13 | €71,577 | €71,577 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,610 | €20,610 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €50,967 | €50,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,696 | €154,715 | -€44,981 | -22.5% |
| Provisions and deferred taxes | 16 | €9,498 | €9,498 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,498 | €9,498 | = | 0.0% |
| Pensions and similar obligations | 160 | €9,498 | €9,498 | = | 0.0% |
| Amounts payable | 17/49 | €970,748 | €326,946 | -€643,802 | -66.3% |
| Amounts payable after more than one year | 17 | €444,731 | €244,440 | -€200,291 | -45.0% |
| Financial debts | 170/4 | €444,731 | €244,440 | -€200,291 | -45.0% |
| Amounts payable within one year | 42/48 | €526,017 | €77,576 | -€448,441 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €44,145 | €27,402 | -€16,743 | -37.9% |
| Trade debts | 44 | €54,501 | €24,028 | -€30,473 | -55.9% |
| Suppliers | 440/4 | €54,501 | €24,028 | -€30,473 | -55.9% |
| Advances received on contracts in progress | 46 | - | €921 | +€921 | |
| Taxes, remuneration and social security | 45 | €15,211 | €23,994 | +€8,783 | +57.7% |
| Taxes | 450/3 | €216 | €20,261 | +€20,045 | +9,285% |
| Remuneration and social security | 454/9 | €14,995 | €3,733 | -€11,262 | -75.1% |
| Other amounts payable | 47/48 | €412,160 | €1,231 | -€410,928 | -99.7% |
| Accrued charges and deferred income | 492/3 | - | €4,930 | +€4,930 | |
| Non-recurring operating income | 76A | - | €27,243 | +€27,243 | |
| Remuneration, social security and pensions | 62 | €78,630 | €69,795 | -€8,835 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,181 | €77,324 | +€15,143 | +24.4% |
| Other operating charges | 640/8 | €10,094 | €13,606 | +€3,513 | +34.8% |
| Gross operating margin | 9900 | €282,503 | €242,052 | -€40,451 | -14.3% |
| Operating profit (loss) | 9901 | €131,597 | €81,326 | -€50,271 | -38.2% |
| Financial income | 75/76B | €3,110 | €6,086 | +€2,976 | +95.7% |
| Recurring financial income | 75 | €1,113 | €4,485 | +€3,373 | +303% |
| Non-recurring financial income | 76B | €1,998 | €1,601 | -€397 | -19.9% |
| Financial charges | 65/66B | €9,234 | €9,837 | +€603 | +6.5% |
| Recurring financial charges | 65 | €9,234 | €9,837 | +€603 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €125,473 | €77,575 | -€47,898 | -38.2% |
| Income taxes | 67/77 | €35,918 | €122,556 | +€86,638 | +241% |
| Profit (loss) for the period | 9904 | €89,555 | -€44,981 | -€134,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,555 | -€44,981 | -€134,536 |
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.