VASTMANS ADVIES: 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.
VASTMANS ADVIES
Largest movements
- Receivables within one year -€106,286
down €106,286 (-86.1%), from €123,420 to €17,134
of which Trade receivables: -€107,085
- Cash -€58,779
down €58,779 (-63.2%), from €93,023 to €34,245
mainly Contributions, distributions and other (-€85,504) and Tax, wage and social debts (-€50,984)
- Receivables after one year +€27,000
up €27,000 (+900%), from €3,000 to €30,000
- Deferred charges and accrued income +€13,988
up €13,988 (+264%), from €5,306 to €19,294
- Tangible fixed assets +€9,558
up €9,558 (+6.7%), from €142,908 to €152,466
of which Furniture and vehicles: +€30,763
- Reserves -€71,084
down €71,084 (-27.6%), from €257,421 to €186,337
- Tax, wage and social debts -€50,984
down €50,984 (-95.3%), from €53,517 to €2,533
of which Taxes: -€50,469
- Other debts +€46,134
up €46,134 (+6,990%), from €660 to €46,794
- Debts after one year -€40,458
down €40,458 (-25.6%), from €158,317 to €117,859
- Gross operating margin -€67,770
down €67,770 (-49.6%), from €136,538 to €68,768
- Taxes -€26,720
down €26,720 (-76.3%), from €35,007 to €8,287
- Depreciation +€14,936
up €14,936 (+58.8%), from €25,382 to €40,319
- Financial charges +€2,225
up €2,225 (+145%), from €1,535 to €3,761
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 | €517,657 | €403,138 | -€114,519 | -22.1% |
| Fixed assets | 21/28 | €292,908 | €302,466 | +€9,558 | +3.3% |
| Tangible fixed assets | 22/27 | €142,908 | €152,466 | +€9,558 | +6.7% |
| Furniture and vehicles | 24 | €36,453 | €67,216 | +€30,763 | +84.4% |
| Leasing and similar rights | 25 | €104,303 | €83,317 | -€20,986 | -20.1% |
| Other tangible fixed assets | 26 | €2,153 | €1,933 | -€220 | -10.2% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €224,749 | €100,673 | -€124,076 | -55.2% |
| Amounts receivable after more than one year | 29 | €3,000 | €30,000 | +€27,000 | +900% |
| Other amounts receivable | 291 | €3,000 | €30,000 | +€27,000 | +900% |
| Amounts receivable within one year | 40/41 | €123,420 | €17,134 | -€106,286 | -86.1% |
| Trade receivables | 40 | €123,420 | €16,335 | -€107,085 | -86.8% |
| Other amounts receivable | 41 | €0 | €799 | +€799 | |
| Cash at bank and in hand | 54/58 | €93,023 | €34,245 | -€58,779 | -63.2% |
| Deferred charges and accrued income | 490/1 | €5,306 | €19,294 | +€13,988 | +264% |
| Total equity and liabilities | 10/49 | €517,657 | €403,138 | -€114,519 | -22.1% |
| Equity | 10/15 | €263,621 | €192,537 | -€71,084 | -27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €257,421 | €186,337 | -€71,084 | -27.6% |
| Distributable reserves | 133 | €257,421 | €186,337 | -€71,084 | -27.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,037 | €210,602 | -€43,435 | -17.1% |
| Amounts payable after more than one year | 17 | €158,317 | €117,859 | -€40,458 | -25.6% |
| Financial debts | 170/4 | €158,317 | €117,859 | -€40,458 | -25.6% |
| Amounts payable within one year | 42/48 | €95,719 | €92,742 | -€2,977 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €39,736 | €40,458 | +€722 | +1.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,807 | €2,957 | +€1,151 | +63.7% |
| Suppliers | 440/4 | €1,807 | €2,957 | +€1,151 | +63.7% |
| Taxes, remuneration and social security | 45 | €53,517 | €2,533 | -€50,984 | -95.3% |
| Taxes | 450/3 | €53,002 | €2,533 | -€50,469 | -95.2% |
| Remuneration and social security | 454/9 | €515 | €0 | -€515 | -100% |
| Other amounts payable | 47/48 | €660 | €46,794 | +€46,134 | +6,990% |
| Non-recurring operating income | 76A | - | €26,157 | +€26,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,382 | €40,319 | +€14,936 | +58.8% |
| Other operating charges | 640/8 | €3,003 | €2,269 | -€734 | -24.4% |
| Non-recurring operating charges | 66A | €6,372 | €0 | -€6,372 | -100% |
| Gross operating margin | 9900 | €136,538 | €68,768 | -€67,770 | -49.6% |
| Operating profit (loss) | 9901 | €101,781 | €26,180 | -€75,601 | -74.3% |
| Financial income | 75/76B | €1,531 | €286 | -€1,244 | -81.3% |
| Recurring financial income | 75 | €1,531 | €286 | -€1,244 | -81.3% |
| Financial charges | 65/66B | €1,535 | €3,761 | +€2,225 | +145% |
| Recurring financial charges | 65 | €1,535 | €3,761 | +€2,225 | +145% |
| Profit (loss) for the period before taxes | 9903 | €101,776 | €22,706 | -€79,070 | -77.7% |
| Income taxes | 67/77 | €35,007 | €8,287 | -€26,720 | -76.3% |
| Profit (loss) for the period | 9904 | €66,770 | €14,420 | -€52,350 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,770 | €14,420 | -€52,350 | -78.4% |
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 31 October 2026 via checked.be.