VASTICOM: 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.
What changed
VASTICOM
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€206,970
2024 · €139,626+€67,344
Equity
€1.6m
2024 · €1.5m+€6,970
Cash
€58,293
2024 · €71,517-€13,224
Balance sheet total
€2.1m
2024 · €2.2m-€35,810
Largest movements
Assets
- Financial fixed assets +€89,900
up €89,900 (+31.2%), from €288,129 to €378,029
- Receivables within one year -€89,865
down €89,865 (-28.4%), from €316,715 to €226,850
of which Trade receivables: -€97,424
Equity and liabilities
- Other debts -€32,649
down €32,649 (-14.0%), from €232,649 to €200,000
Income statement
- Gross operating margin +€84,890
up €84,890 (+35.8%), from €236,953 to €321,843
- Taxes +€20,974
up €20,974 (+39.2%), from €53,465 to €74,439
- Financial income +€5,173
up €5,173 (+13.1%), from €39,494 to €44,667
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.
Result 2024
€139,626
Gross operating margin
+€84,890
Depreciation
-€636
Other operating charges
-€1,631
Financial income
+€5,173
Financial charges
+€522
Taxes
-€20,974
Result 2025
€206,970
raises the resultlowers the result
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.
From operations
+€269,741
Investment
-€94,298
Financing
-€188,667
Cash 2024
€71,517
From operations (derived)
+€269,741
Net result for the year
+€206,970
Depreciation
+€29,103
Stocks and contracts
+€9,125
Receivables within one year
+€89,865
Deferred charges and accrued income
-€11,209
Trade debts
-€21,012
Smaller working-capital items
-€452
Other debts
-€32,649
Investment (derived)
-€94,298
Investment in fixed assets (net)
-€100,149
Current investments
+€5,851
Financing
-€188,667
Debts after one year
+€11,333
Contributions, distributions and other
-€200,000
Cash 2025
€58,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,163,680 | €2,127,870 | -€35,810 | -1.7% |
| Fixed assets | 21/28 | €502,547 | €573,593 | +€71,046 | +14.1% |
| Tangible fixed assets | 22/27 | €214,418 | €195,564 | -€18,854 | -8.8% |
| Plant, machinery and equipment | 23 | €60,060 | €57,516 | -€2,544 | -4.2% |
| Furniture and vehicles | 24 | €154,358 | €138,048 | -€16,310 | -10.6% |
| Financial fixed assets | 28 | €288,129 | €378,029 | +€89,900 | +31.2% |
| Current assets | 29/58 | €1,661,133 | €1,554,277 | -€106,856 | -6.4% |
| Stocks and contracts in progress | 3 | €308,794 | €299,669 | -€9,125 | -3.0% |
| Stocks | 30/36 | €308,794 | €299,669 | -€9,125 | -3.0% |
| Amounts receivable within one year | 40/41 | €316,715 | €226,850 | -€89,865 | -28.4% |
| Trade receivables | 40 | €297,123 | €199,699 | -€97,424 | -32.8% |
| Other amounts receivable | 41 | €19,592 | €27,151 | +€7,559 | +38.6% |
| Current investments | 50/53 | €959,599 | €953,748 | -€5,851 | -0.6% |
| Cash at bank and in hand | 54/58 | €71,517 | €58,293 | -€13,224 | -18.5% |
| Deferred charges and accrued income | 490/1 | €4,508 | €15,717 | +€11,209 | +249% |
| Total equity and liabilities | 10/49 | €2,163,680 | €2,127,870 | -€35,810 | -1.7% |
| Equity | 10/15 | €1,547,501 | €1,554,471 | +€6,970 | +0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,501,855 | €1,501,855 | = | 0.0% |
| Distributable reserves | 133 | €1,501,855 | €1,501,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,096 | €34,066 | +€6,970 | +25.7% |
| Amounts payable | 17/49 | €616,179 | €573,399 | -€42,780 | -6.9% |
| Amounts payable after more than one year | 17 | €305,145 | €316,478 | +€11,333 | +3.7% |
| Financial debts | 170/4 | €305,145 | €316,478 | +€11,333 | +3.7% |
| Amounts payable within one year | 42/48 | €308,419 | €254,326 | -€54,093 | -17.5% |
| Trade debts | 44 | €30,790 | €9,778 | -€21,012 | -68.2% |
| Suppliers | 440/4 | €30,790 | €9,778 | -€21,012 | -68.2% |
| Taxes, remuneration and social security | 45 | €44,980 | €44,548 | -€432 | -1.0% |
| Taxes | 450/3 | €44,980 | €44,548 | -€432 | -1.0% |
| Other amounts payable | 47/48 | €232,649 | €200,000 | -€32,649 | -14.0% |
| Accrued charges and deferred income | 492/3 | €2,615 | €2,595 | -€20 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,467 | €29,103 | +€636 | +2.2% |
| Other operating charges | 640/8 | €1,217 | €2,848 | +€1,631 | +134% |
| Gross operating margin | 9900 | €236,953 | €321,843 | +€84,890 | +35.8% |
| Operating profit (loss) | 9901 | €207,269 | €289,892 | +€82,623 | +39.9% |
| Financial income | 75/76B | €39,494 | €44,667 | +€5,173 | +13.1% |
| Recurring financial income | 75 | €39,494 | €44,667 | +€5,173 | +13.1% |
| Financial charges | 65/66B | €53,672 | €53,150 | -€522 | -1.0% |
| Recurring financial charges | 65 | €53,672 | €53,150 | -€522 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €193,091 | €281,409 | +€88,318 | +45.7% |
| Income taxes | 67/77 | €53,465 | €74,439 | +€20,974 | +39.2% |
| Profit (loss) for the period | 9904 | €139,626 | €206,970 | +€67,344 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €139,626 | €206,970 | +€67,344 | +48.2% |
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 13 October 2026 via checked.be.