VASTMANS: 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
VASTMANS
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€108,008
2024 · €94,349+€13,659
Equity
€744,863
2024 · €636,855+€108,008
Cash
€317,302
2024 · €302,951+€14,351
Balance sheet total
€1.5m
2024 · €1.4m+€134,203
Largest movements
Assets
- Stocks and contracts +€124,860
up €124,860 (+24.0%), from €520,855 to €645,716
Equity and liabilities
- Reserves +€108,008
up €108,008 (+21.1%), from €511,855 to €619,863
of which Distributable reserves: +€108,008
Income statement
- Gross operating margin +€21,954
up €21,954 (+11.0%), from €200,468 to €222,421
- Taxes +€5,618
up €5,618 (+12.6%), from €44,523 to €50,141
- Financial charges +€3,943
up €3,943 (+16.4%), from €24,079 to €28,022
- Other operating charges -€2,739
down €2,739 (-29.7%), from €9,214 to €6,475
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
€94,349
Gross operating margin
+€21,954
Depreciation
-€762
Other operating charges
+€2,739
Financial income
-€711
Financial charges
-€3,943
Taxes
-€5,618
Result 2025
€108,008
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.
From operations
+€40,914
Investment
-€26,485
Financing
-€79
Cash 2024
€302,951
From operations (derived)
+€40,914
Net result for the year
+€108,008
Depreciation
+€30,399
Stocks and contracts
-€124,860
Receivables within one year
+€1,893
Deferred charges and accrued income
-€799
Trade debts
-€2,275
Tax, wage and social debts
+€13,692
Other debts
+€12,034
Accrued charges and deferred income
+€2,823
Investment (derived)
-€26,485
Investment in fixed assets (net)
-€26,485
Financing
-€79
Short-term financial debts
-€79
Cash 2025
€317,302
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,355,934 | €1,490,137 | +€134,203 | +9.9% |
| Fixed assets | 21/28 | €494,579 | €490,665 | -€3,914 | -0.8% |
| Tangible fixed assets | 22/27 | €493,444 | €489,530 | -€3,914 | -0.8% |
| Land and buildings | 22 | €474,161 | €465,254 | -€8,907 | -1.9% |
| Plant, machinery and equipment | 23 | €16,847 | €22,825 | +€5,978 | +35.5% |
| Furniture and vehicles | 24 | €2,436 | €1,451 | -€985 | -40.4% |
| Financial fixed assets | 28 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €861,355 | €999,472 | +€138,117 | +16.0% |
| Stocks and contracts in progress | 3 | €520,855 | €645,716 | +€124,860 | +24.0% |
| Stocks | 30/36 | €520,855 | €645,716 | +€124,860 | +24.0% |
| Amounts receivable within one year | 40/41 | €31,267 | €29,375 | -€1,893 | -6.1% |
| Trade receivables | 40 | €20,610 | €4,703 | -€15,907 | -77.2% |
| Other amounts receivable | 41 | €10,657 | €24,672 | +€14,015 | +131.5% |
| Cash at bank and in hand | 54/58 | €302,951 | €317,302 | +€14,351 | +4.7% |
| Deferred charges and accrued income | 490/1 | €6,282 | €7,080 | +€799 | +12.7% |
| Total equity and liabilities | 10/49 | €1,355,934 | €1,490,137 | +€134,203 | +9.9% |
| Equity | 10/15 | €636,855 | €744,863 | +€108,008 | +17.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €511,855 | €619,863 | +€108,008 | +21.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €499,355 | €607,363 | +€108,008 | +21.6% |
| Amounts payable | 17/49 | €719,080 | €745,274 | +€26,195 | +3.6% |
| Amounts payable within one year | 42/48 | €702,454 | €725,826 | +€23,372 | +3.3% |
| Financial debts | 43 | €79 | - | -€79 | |
| Credit institutions | 430/8 | €79 | - | -€79 | |
| Trade debts | 44 | €2,275 | - | -€2,275 | |
| Suppliers | 440/4 | €2,275 | - | -€2,275 | |
| Taxes, remuneration and social security | 45 | €8,625 | €22,317 | +€13,692 | +158.7% |
| Taxes | 450/3 | €8,625 | €22,317 | +€13,692 | +158.7% |
| Other amounts payable | 47/48 | €691,475 | €703,509 | +€12,034 | +1.7% |
| Accrued charges and deferred income | 492/3 | €16,625 | €19,448 | +€2,823 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,637 | €30,399 | +€762 | +2.6% |
| Other operating charges | 640/8 | €9,214 | €6,475 | -€2,739 | -29.7% |
| Gross operating margin | 9900 | €200,468 | €222,421 | +€21,954 | +11.0% |
| Operating profit (loss) | 9901 | €161,617 | €185,548 | +€23,931 | +14.8% |
| Financial income | 75/76B | €1,334 | €624 | -€711 | -53.3% |
| Recurring financial income | 75 | €1,334 | €624 | -€711 | -53.3% |
| Financial charges | 65/66B | €24,079 | €28,022 | +€3,943 | +16.4% |
| Recurring financial charges | 65 | €24,079 | €28,022 | +€3,943 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €138,872 | €158,149 | +€19,277 | +13.9% |
| Income taxes | 67/77 | €44,523 | €50,141 | +€5,618 | +12.6% |
| Profit (loss) for the period | 9904 | €94,349 | €108,008 | +€13,659 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,349 | €108,008 | +€13,659 | +14.5% |
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 9 October 2026 via checked.be.