VASTCO-ENGINEERING: 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.
VASTCO-ENGINEERING
Largest movements
- Tangible fixed assets -€24,021
down €24,021 (-26.7%), from €89,860 to €65,839
of which Other tangible fixed assets: -€17,426
- Cash +€10,985
up €10,985 (+139.8%), from €7,856 to €18,841
mainly Net result for the year (+€47,103) and Depreciation (+€24,021)
- Receivables within one year +€4,123
up €4,123 (+8.2%), from €50,280 to €54,402
of which Trade receivables: +€40,227
- Deferred charges and accrued income +€2,047
new in 2025: €2,047
- Reserves -€51,950
down €51,950 (-31.8%), from €163,383 to €111,433
- Tax, wage and social debts +€22,102
up €22,102 (+1169.0%), from €1,891 to €23,992
- Profit (loss) carried forward +€21,948
no longer reported in 2025 (was -€21,948)
- Gross operating margin +€80,919
up €80,919 (+1219.8%), from €6,634 to €87,553
- Taxes +€15,459
up €15,459 (+5470.0%), from €283 to €15,741
- Depreciation -€4,090
down €4,090 (-14.5%), from €28,111 to €24,021
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 | €147,996 | €141,128 | -€6,868 | -4.6% |
| Fixed assets | 21/28 | €89,860 | €65,839 | -€24,021 | -26.7% |
| Tangible fixed assets | 22/27 | €89,860 | €65,839 | -€24,021 | -26.7% |
| Furniture and vehicles | 24 | €10,468 | €3,873 | -€6,596 | -63.0% |
| Other tangible fixed assets | 26 | €79,392 | €61,966 | -€17,426 | -21.9% |
| Current assets | 29/58 | €58,136 | €75,290 | +€17,154 | +29.5% |
| Amounts receivable within one year | 40/41 | €50,280 | €54,402 | +€4,123 | +8.2% |
| Trade receivables | 40 | €7,854 | €48,081 | +€40,227 | +512.2% |
| Other amounts receivable | 41 | €42,426 | €6,321 | -€36,105 | -85.1% |
| Cash at bank and in hand | 54/58 | €7,856 | €18,841 | +€10,985 | +139.8% |
| Deferred charges and accrued income | 490/1 | - | €2,047 | +€2,047 | |
| Total equity and liabilities | 10/49 | €147,996 | €141,128 | -€6,868 | -4.6% |
| Equity | 10/15 | €145,135 | €115,133 | -€30,002 | -20.7% |
| Contributions | 10/11 | €3,700 | €3,700 | = | 0.0% |
| Reserves | 13 | €163,383 | €111,433 | -€51,950 | -31.8% |
| Distributable reserves | 133 | €163,383 | €111,433 | -€51,950 | -31.8% |
| Profit (loss) carried forward | 14 | -€21,948 | - | +€21,948 | |
| Amounts payable | 17/49 | €2,861 | €25,995 | +€23,134 | +808.6% |
| Amounts payable within one year | 42/48 | €2,861 | €25,995 | +€23,134 | +808.6% |
| Trade debts | 44 | €970 | €2,003 | +€1,033 | +106.4% |
| Suppliers | 440/4 | €970 | €2,003 | +€1,033 | +106.4% |
| Taxes, remuneration and social security | 45 | €1,891 | €23,992 | +€22,102 | +1169.0% |
| Taxes | 450/3 | €1,891 | €23,992 | +€22,102 | +1169.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,111 | €24,021 | -€4,090 | -14.5% |
| Other operating charges | 640/8 | €457 | €970 | +€514 | +112.5% |
| Gross operating margin | 9900 | €6,634 | €87,553 | +€80,919 | +1219.8% |
| Operating profit (loss) | 9901 | -€21,934 | €62,562 | +€84,496 | |
| Financial income | 75/76B | €2,185 | €1,361 | -€824 | -37.7% |
| Recurring financial income | 75 | €2,185 | €1,361 | -€824 | -37.7% |
| Financial charges | 65/66B | €1,916 | €1,078 | -€839 | -43.8% |
| Recurring financial charges | 65 | €1,916 | €1,078 | -€839 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,665 | €62,845 | +€84,510 | |
| Income taxes | 67/77 | €283 | €15,741 | +€15,459 | +5470.0% |
| Profit (loss) for the period | 9904 | -€21,948 | €47,103 | +€69,051 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,948 | €47,103 | +€69,051 |
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 1 October 2026 via checked.be.