Vastech: 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.
Vastech
Largest movements
- Cash +€65,469
up €65,469 (+200%), from €32,702 to €98,171
mainly Net result for the year (+€58,532) and Receivables within one year (+€15,835)
- Receivables within one year -€15,835
down €15,835 (-52.9%), from €29,952 to €14,117
of which Trade receivables: -€14,117
- Reserves +€56,819
up €56,819 (+171%), from €33,181 to €90,000
- Tax, wage and social debts -€7,016
down €7,016 (-27.2%), from €25,768 to €18,752
- Gross operating margin +€30,048
up €30,048 (+65.4%), from €45,915 to €75,963
- Taxes +€2,877
up €2,877 (+23.0%), from €12,529 to €15,407
- Financial charges +€1,229
up €1,229 (+983%), from €125 to €1,354
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 | €64,343 | €114,594 | +€50,251 | +78.1% |
| Fixed assets | 21/28 | €1,689 | €2,306 | +€617 | +36.5% |
| Tangible fixed assets | 22/27 | €1,689 | €2,306 | +€617 | +36.5% |
| Plant, machinery and equipment | 23 | €1,689 | €1,345 | -€344 | -20.3% |
| Furniture and vehicles | 24 | - | €961 | +€961 | |
| Current assets | 29/58 | €62,654 | €112,288 | +€49,634 | +79.2% |
| Amounts receivable within one year | 40/41 | €29,952 | €14,117 | -€15,835 | -52.9% |
| Trade receivables | 40 | €28,234 | €14,117 | -€14,117 | -50.0% |
| Other amounts receivable | 41 | €1,718 | - | -€1,718 | |
| Cash at bank and in hand | 54/58 | €32,702 | €98,171 | +€65,469 | +200% |
| Total equity and liabilities | 10/49 | €64,343 | €114,594 | +€50,251 | +78.1% |
| Equity | 10/15 | €35,181 | €92,880 | +€57,699 | +164% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,181 | €90,000 | +€56,819 | +171% |
| Distributable reserves | 133 | €33,181 | €90,000 | +€56,819 | +171% |
| Profit (loss) carried forward | 14 | - | €880 | +€880 | |
| Amounts payable | 17/49 | €29,162 | €21,714 | -€7,448 | -25.5% |
| Amounts payable within one year | 42/48 | €29,162 | €21,714 | -€7,448 | -25.5% |
| Trade debts | 44 | €575 | €1,197 | +€622 | +108% |
| Suppliers | 440/4 | €575 | €1,197 | +€622 | +108% |
| Taxes, remuneration and social security | 45 | €25,768 | €18,752 | -€7,016 | -27.2% |
| Taxes | 450/3 | €25,768 | €18,752 | -€7,016 | -27.2% |
| Other amounts payable | 47/48 | €2,819 | €1,766 | -€1,054 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €670 | +€641 | +2,198% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €45,915 | €75,963 | +€30,048 | +65.4% |
| Operating profit (loss) | 9901 | €45,835 | €75,292 | +€29,457 | +64.3% |
| Financial charges | 65/66B | €125 | €1,354 | +€1,229 | +983% |
| Recurring financial charges | 65 | €125 | €1,354 | +€1,229 | +983% |
| Profit (loss) for the period before taxes | 9903 | €45,710 | €73,939 | +€28,228 | +61.8% |
| Income taxes | 67/77 | €12,529 | €15,407 | +€2,877 | +23.0% |
| Profit (loss) for the period | 9904 | €33,181 | €58,532 | +€25,351 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,181 | €58,532 | +€25,351 | +76.4% |
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 25 October 2026 via checked.be.