VASTEK: 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.
VASTEK
Largest movements
- Cash +€9,396
up €9,396 (+131.2%), from €7,162 to €16,559
mainly Net result for the year (+€7,471) and Depreciation (+€1,153)
- Tangible fixed assets -€1,153
down €1,153 (-31.5%), from €3,658 to €2,505
of which Plant, machinery and equipment: -€753
- Deferred charges and accrued income -€954
down €954 (-84.4%), from €1,131 to €177
- Receivables within one year -€402
down €402 (-5.2%), from €7,693 to €7,291
of which Other amounts receivable: -€203
- Profit (loss) carried forward +€7,471
up €7,471 (+79.2%), from €9,439 to €16,911
- Trade debts -€852
down €852 (-62.0%), from €1,376 to €523
- Tax, wage and social debts +€267
up €267 (+4.6%), from €5,830 to €6,098
- Gross operating margin +€8,567
up €8,567 (+152.2%), from €5,630 to €14,197
- Taxes +€2,329
up €2,329 (+123.6%), from €1,885 to €4,213
- Other operating charges +€752
up €752 (+112.5%), from €668 to €1,420
- Depreciation +€293
up €293 (+34.1%), from €860 to €1,153
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 | €19,645 | €26,531 | +€6,886 | +35.1% |
| Fixed assets | 21/28 | €3,658 | €2,505 | -€1,153 | -31.5% |
| Tangible fixed assets | 22/27 | €3,658 | €2,505 | -€1,153 | -31.5% |
| Plant, machinery and equipment | 23 | €2,597 | €1,844 | -€753 | -29.0% |
| Furniture and vehicles | 24 | €1,061 | €661 | -€400 | -37.7% |
| Current assets | 29/58 | €15,987 | €24,026 | +€8,040 | +50.3% |
| Amounts receivable within one year | 40/41 | €7,693 | €7,291 | -€402 | -5.2% |
| Trade receivables | 40 | €2,446 | €2,246 | -€199 | -8.2% |
| Other amounts receivable | 41 | €5,248 | €5,044 | -€203 | -3.9% |
| Cash at bank and in hand | 54/58 | €7,162 | €16,559 | +€9,396 | +131.2% |
| Deferred charges and accrued income | 490/1 | €1,131 | €177 | -€954 | -84.4% |
| Total equity and liabilities | 10/49 | €19,645 | €26,531 | +€6,886 | +35.1% |
| Equity | 10/15 | €12,439 | €19,911 | +€7,471 | +60.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,439 | €16,911 | +€7,471 | +79.2% |
| Amounts payable | 17/49 | €7,206 | €6,621 | -€585 | -8.1% |
| Amounts payable within one year | 42/48 | €7,206 | €6,621 | -€585 | -8.1% |
| Trade debts | 44 | €1,376 | €523 | -€852 | -62.0% |
| Suppliers | 440/4 | €1,376 | €523 | -€852 | -62.0% |
| Taxes, remuneration and social security | 45 | €5,830 | €6,098 | +€267 | +4.6% |
| Taxes | 450/3 | €5,830 | €6,098 | +€267 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €1,153 | +€293 | +34.1% |
| Other operating charges | 640/8 | €668 | €1,420 | +€752 | +112.5% |
| Gross operating margin | 9900 | €5,630 | €14,197 | +€8,567 | +152.2% |
| Operating profit (loss) | 9901 | €4,101 | €11,623 | +€7,522 | +183.4% |
| Financial income | 75/76B | €181 | €219 | +€37 | +20.6% |
| Recurring financial income | 75 | €181 | €219 | +€37 | +20.6% |
| Financial charges | 65/66B | €145 | €157 | +€12 | +8.5% |
| Recurring financial charges | 65 | €145 | €157 | +€12 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €4,138 | €11,684 | +€7,547 | +182.4% |
| Income taxes | 67/77 | €1,885 | €4,213 | +€2,329 | +123.6% |
| Profit (loss) for the period | 9904 | €2,253 | €7,471 | +€5,218 | +231.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,253 | €7,471 | +€5,218 | +231.6% |
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 7 October 2026 via checked.be.