VASTIA: 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.
VASTIA
Largest movements
- Cash +€437,501
up €437,501 (+381%), from €114,818 to €552,319
mainly Current investments (+€300,000) and Stocks and contracts (+€290,559)
- Current investments -€300,000
down €300,000 (-27.3%), from €1.1m to €800,000
- Stocks and contracts -€290,559
down €290,559 (-100%), from €290,559 to €0
- Receivables within one year -€137,581
down €137,581 (-18.0%), from €766,162 to €628,581
of which Other amounts receivable: -€209,780
- Tangible fixed assets -€78,781
down €78,781 (-5.6%), from €1.4m to €1.3m
of which Land and buildings: -€75,901
- Advances received -€284,934
down €284,934 (-96.6%), from €294,934 to €10,000
- Other debts -€236,985
down €236,985 (-7.5%), from €3.2m to €2.9m
- Profit (loss) carried forward +€127,204
up €127,204 (+13.7%), from -€928,913 to -€801,709
- Accrued charges and deferred income -€101,580
down €101,580 (-100%), from €101,580 to €0
- Tax, wage and social debts +€99,791
up €99,791 (+1,826%), from €5,464 to €105,256
- Gross operating margin +€119,798
up €119,798 (+60.1%), from €199,247 to €319,045
- Financial charges -€70,682
down €70,682 (-58.8%), from €120,210 to €49,528
- Taxes +€37,461
up €37,461 (+392%), from €9,548 to €47,009
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 | €5,940,777 | €5,606,948 | -€333,828 | -5.6% |
| Fixed assets | 21/28 | €3,372,387 | €3,293,606 | -€78,781 | -2.3% |
| Tangible fixed assets | 22/27 | €1,414,594 | €1,335,813 | -€78,781 | -5.6% |
| Land and buildings | 22 | €1,409,729 | €1,333,829 | -€75,901 | -5.4% |
| Furniture and vehicles | 24 | €4,865 | €1,985 | -€2,880 | -59.2% |
| Financial fixed assets | 28 | €1,957,793 | €1,957,793 | = | 0.0% |
| Current assets | 29/58 | €2,568,390 | €2,313,342 | -€255,048 | -9.9% |
| Amounts receivable after more than one year | 29 | €291,000 | €291,000 | = | 0.0% |
| Other amounts receivable | 291 | €291,000 | €291,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €290,559 | €0 | -€290,559 | -100% |
| Contracts in progress | 37 | €290,559 | €0 | -€290,559 | -100% |
| Amounts receivable within one year | 40/41 | €766,162 | €628,581 | -€137,581 | -18.0% |
| Trade receivables | 40 | €473,646 | €545,845 | +€72,199 | +15.2% |
| Other amounts receivable | 41 | €292,516 | €82,736 | -€209,780 | -71.7% |
| Current investments | 50/53 | €1,100,000 | €800,000 | -€300,000 | -27.3% |
| Cash at bank and in hand | 54/58 | €114,818 | €552,319 | +€437,501 | +381% |
| Deferred charges and accrued income | 490/1 | €5,851 | €41,443 | +€35,592 | +608% |
| Total equity and liabilities | 10/49 | €5,940,777 | €5,606,948 | -€333,828 | -5.6% |
| Equity | 10/15 | €2,321,087 | €2,448,291 | +€127,204 | +5.5% |
| Contributions | 10/11 | €3,250,000 | €3,250,000 | = | 0.0% |
| Capital | 10 | €3,250,000 | €3,250,000 | = | 0.0% |
| Issued capital | 100 | €3,250,000 | €3,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€928,913 | -€801,709 | +€127,204 | +13.7% |
| Amounts payable | 17/49 | €3,619,690 | €3,158,658 | -€461,032 | -12.7% |
| Amounts payable within one year | 42/48 | €3,518,110 | €3,158,658 | -€359,453 | -10.2% |
| Trade debts | 44 | €53,943 | €116,618 | +€62,675 | +116% |
| Suppliers | 440/4 | €53,943 | €116,618 | +€62,675 | +116% |
| Advances received on contracts in progress | 46 | €294,934 | €10,000 | -€284,934 | -96.6% |
| Taxes, remuneration and social security | 45 | €5,464 | €105,256 | +€99,791 | +1,826% |
| Taxes | 450/3 | €5,464 | €105,256 | +€99,791 | +1,826% |
| Other amounts payable | 47/48 | €3,163,768 | €2,926,784 | -€236,985 | -7.5% |
| Accrued charges and deferred income | 492/3 | €101,580 | €0 | -€101,580 | -100% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,675 | €78,781 | +€106 | +0.1% |
| Other operating charges | 640/8 | €11,082 | €9,433 | -€1,649 | -14.9% |
| Non-recurring operating charges | 66A | - | €18,316 | +€18,316 | |
| Gross operating margin | 9900 | €199,247 | €319,045 | +€119,798 | +60.1% |
| Operating profit (loss) | 9901 | €109,490 | €212,515 | +€103,026 | +94.1% |
| Financial income | 75/76B | €14,323 | €11,226 | -€3,097 | -21.6% |
| Recurring financial income | 75 | €14,323 | €11,226 | -€3,097 | -21.6% |
| Financial charges | 65/66B | €120,210 | €49,528 | -€70,682 | -58.8% |
| Recurring financial charges | 65 | €120,210 | €49,528 | -€70,682 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €3,603 | €174,213 | +€170,611 | +4,736% |
| Income taxes | 67/77 | €9,548 | €47,009 | +€37,461 | +392% |
| Profit (loss) for the period | 9904 | -€5,946 | €127,204 | +€133,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,946 | €127,204 | +€133,149 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.