VASTCON: 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.
VASTCON
Largest movements
- Receivables after one year +€807,440
up €807,440 (+230.7%), from €350,000 to €1.2m
- Cash +€59,488
up €59,488 (+18.6%), from €319,597 to €379,085
mainly Debts after one year (+€500,000) and Net result for the year (+€296,966)
- Debts after one year +€500,000
new in 2025: €500,000
- Profit (loss) carried forward +€296,966
up €296,966 (+21.4%), from €1.4m to €1.7m
- Tax, wage and social debts +€56,810
up €56,810 (+112.2%), from €50,648 to €107,459
- Gross operating margin +€344,094
up €344,094 (+415.5%), from €82,824 to €426,919
- Taxes +€77,765
up €77,765 (+445.3%), from €17,465 to €95,230
- Financial charges +€24,834
up €24,834 (+7984.0%), from €311 to €25,145
- Financial income -€13,855
down €13,855 (-99.8%), from €13,885 to €30
- Other operating charges +€5,418
up €5,418 (+208.9%), from €2,594 to €8,012
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 | €1,467,995 | €2,336,468 | +€868,473 | +59.2% |
| Fixed assets | 21/28 | €801 | €8,590 | +€7,789 | +972.5% |
| Tangible fixed assets | 22/27 | €801 | €8,590 | +€7,789 | +972.5% |
| Plant, machinery and equipment | 23 | €801 | €8,590 | +€7,789 | +972.5% |
| Current assets | 29/58 | €1,467,194 | €2,327,878 | +€860,684 | +58.7% |
| Amounts receivable after more than one year | 29 | €350,000 | €1,157,440 | +€807,440 | +230.7% |
| Other amounts receivable | 291 | €350,000 | €1,157,440 | +€807,440 | +230.7% |
| Stocks and contracts in progress | 3 | €342,760 | €342,760 | = | 0.0% |
| Stocks | 30/36 | €342,760 | €342,760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €453,750 | €447,504 | -€6,246 | -1.4% |
| Trade receivables | 40 | €423,000 | €431,524 | +€8,524 | +2.0% |
| Other amounts receivable | 41 | €30,750 | €15,981 | -€14,769 | -48.0% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €319,597 | €379,085 | +€59,488 | +18.6% |
| Deferred charges and accrued income | 490/1 | €87 | €89 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €1,467,995 | €2,336,468 | +€868,473 | +59.2% |
| Equity | 10/15 | €1,414,490 | €1,711,457 | +€296,966 | +21.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,386,990 | €1,683,957 | +€296,966 | +21.4% |
| Amounts payable | 17/49 | €53,504 | €625,011 | +€571,507 | +1068.2% |
| Amounts payable after more than one year | 17 | - | €500,000 | +€500,000 | |
| Other amounts payable | 178/9 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €53,504 | €107,459 | +€53,955 | +100.8% |
| Trade debts | 44 | €2,856 | €0 | -€2,856 | -100.0% |
| Suppliers | 440/4 | €2,856 | €0 | -€2,856 | -100.0% |
| Taxes, remuneration and social security | 45 | €50,648 | €107,459 | +€56,810 | +112.2% |
| Taxes | 450/3 | €50,648 | €107,459 | +€56,810 | +112.2% |
| Accrued charges and deferred income | 492/3 | - | €17,553 | +€17,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €1,595 | +€623 | +64.1% |
| Other operating charges | 640/8 | €2,594 | €8,012 | +€5,418 | +208.9% |
| Gross operating margin | 9900 | €82,824 | €426,919 | +€344,094 | +415.5% |
| Operating profit (loss) | 9901 | €79,259 | €417,311 | +€338,053 | +426.5% |
| Financial income | 75/76B | €13,885 | €30 | -€13,855 | -99.8% |
| Recurring financial income | 75 | €13,885 | €30 | -€13,855 | -99.8% |
| Financial charges | 65/66B | €311 | €25,145 | +€24,834 | +7984.0% |
| Recurring financial charges | 65 | €311 | €25,145 | +€24,834 | +7984.0% |
| Profit (loss) for the period before taxes | 9903 | €92,833 | €392,196 | +€299,363 | +322.5% |
| Income taxes | 67/77 | €17,465 | €95,230 | +€77,765 | +445.3% |
| Profit (loss) for the period | 9904 | €75,368 | €296,966 | +€221,598 | +294.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,368 | €296,966 | +€221,598 | +294.0% |
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 8 October 2026 via checked.be.