VASTMANS HR: 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 HR
Largest movements
- Cash +€39,403
up €39,403 (+32.1%), from €122,937 to €162,340
mainly Net result for the year (+€33,605) and Other debts (+€28,909)
- Tangible fixed assets -€23,760
down €23,760 (-26.5%), from €89,703 to €65,943
of which Furniture and vehicles: -€22,673
- Deferred charges and accrued income +€11,785
new in 2025: €11,785
- Receivables within one year -€5,743
down €5,743 (-14.9%), from €38,452 to €32,709
of which Trade receivables: -€5,734
- Other debts +€28,909
up €28,909 (+3,782%), from €764 to €29,674
- Debts after one year -€19,027
down €19,027 (-31.3%), from €60,846 to €41,818
- Tax, wage and social debts +€5,884
up €5,884 (+29.8%), from €19,752 to €25,636
- Reserves +€4,605
up €4,605 (+3.0%), from €155,117 to €159,722
of which Distributable reserves: +€4,605
- Gross operating margin +€6,825
up €6,825 (+10.7%), from €63,619 to €70,445
- Depreciation +€4,807
up €4,807 (+31.7%), from €15,173 to €19,981
- Financial income -€1,712
down €1,712 (-100.0%), from €1,712 to €0
of which Non-recurring financial income: -€1,712
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 | €251,091 | €272,776 | +€21,685 | +8.6% |
| Fixed assets | 21/28 | €89,703 | €65,943 | -€23,760 | -26.5% |
| Tangible fixed assets | 22/27 | €89,703 | €65,943 | -€23,760 | -26.5% |
| Land and buildings | 22 | €3,304 | €2,217 | -€1,087 | -32.9% |
| Furniture and vehicles | 24 | €86,399 | €63,726 | -€22,673 | -26.2% |
| Current assets | 29/58 | €161,389 | €206,833 | +€45,445 | +28.2% |
| Amounts receivable within one year | 40/41 | €38,452 | €32,709 | -€5,743 | -14.9% |
| Trade receivables | 40 | €38,442 | €32,709 | -€5,734 | -14.9% |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €122,937 | €162,340 | +€39,403 | +32.1% |
| Deferred charges and accrued income | 490/1 | - | €11,785 | +€11,785 | |
| Total equity and liabilities | 10/49 | €251,091 | €272,776 | +€21,685 | +8.6% |
| Equity | 10/15 | €156,970 | €161,574 | +€4,605 | +2.9% |
| Reserves | 13 | €155,117 | €159,722 | +€4,605 | +3.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €153,217 | €157,822 | +€4,605 | +3.0% |
| Profit (loss) carried forward | 14 | €1,852 | €1,852 | = | 0.0% |
| Amounts payable | 17/49 | €94,122 | €111,202 | +€17,080 | +18.1% |
| Amounts payable after more than one year | 17 | €60,846 | €41,818 | -€19,027 | -31.3% |
| Financial debts | 170/4 | €60,846 | €41,818 | -€19,027 | -31.3% |
| Amounts payable within one year | 42/48 | €33,276 | €69,383 | +€36,107 | +109% |
| Current portion of amounts payable after more than one year | 42 | €12,039 | €12,817 | +€777 | +6.5% |
| Trade debts | 44 | €721 | €1,258 | +€537 | +74.5% |
| Suppliers | 440/4 | €721 | €1,258 | +€537 | +74.5% |
| Taxes, remuneration and social security | 45 | €19,752 | €25,636 | +€5,884 | +29.8% |
| Taxes | 450/3 | €19,752 | €25,636 | +€5,884 | +29.8% |
| Other amounts payable | 47/48 | €764 | €29,674 | +€28,909 | +3,782% |
| Non-recurring operating income | 76A | - | €6,573 | +€6,573 | |
| Remuneration, social security and pensions | 62 | €1,134 | €637 | -€497 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,173 | €19,981 | +€4,807 | +31.7% |
| Other operating charges | 640/8 | €155 | €246 | +€91 | +58.4% |
| Gross operating margin | 9900 | €63,619 | €70,445 | +€6,825 | +10.7% |
| Operating profit (loss) | 9901 | €47,157 | €49,581 | +€2,425 | +5.1% |
| Financial income | 75/76B | €1,712 | €0 | -€1,712 | -100.0% |
| Recurring financial income | 75 | €1,712 | €0 | -€1,712 | -100.0% |
| Non-recurring financial income | 76B | €1,712 | - | -€1,712 | |
| Financial charges | 65/66B | €1,774 | €2,292 | +€518 | +29.2% |
| Recurring financial charges | 65 | €1,774 | €2,292 | +€518 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €47,095 | €47,290 | +€195 | +0.4% |
| Income taxes | 67/77 | €13,918 | €13,685 | -€233 | -1.7% |
| Profit (loss) for the period | 9904 | €33,177 | €33,605 | +€428 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,177 | €33,605 | +€428 | +1.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.