VASYL GROEP: what changed
VASYL GROEP
Largest movements
- Cash +€302,164
up €302,164 (+1,331%), from €22,706 to €324,870
mainly Net result for the year (+€163,206) and Current portion of long-term debt (+€115,967)
- Stocks and contracts -€58,977
down €58,977 (-55.8%), from €105,769 to €46,792
- Receivables within one year +€45,565
up €45,565 (+6.4%), from €712,965 to €758,529
of which Trade receivables: +€115,863
- Tangible fixed assets -€35,644
down €35,644 (-25.3%), from €141,017 to €105,372
of which Furniture and vehicles: -€18,188
- Reserves +€163,206
up €163,206 (+80.3%), from €203,259 to €366,464
of which Distributable reserves: +€163,206
- Current portion of long-term debt +€115,967
up €115,967 (+103%), from €112,465 to €228,432
- Accrued charges and deferred income -€50,412
down €50,412 (-68.4%), from €73,729 to €23,317
- Other debts +€32,658
up €32,658 (+7.6%), from €428,705 to €461,364
- Debts after one year -€28,524
down €28,524 (-77.5%), from €36,785 to €8,261
- Gross operating margin +€285,881
up €285,881 (+501%), from €57,009 to €342,890
- Other operating charges -€62,799
down €62,799 (-89.2%), from €70,395 to €7,596
- Taxes +€16,301
up €16,301 (+3,898%), from €418 to €16,719
- Staff costs +€6,933
up €6,933 (+8.4%), from €82,656 to €89,589
- Financial income -€6,861
down €6,861 (-93.4%), from €7,342 to €481
of which Non-recurring financial income: -€7,144
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,254 | €1,254,787 | +€259,533 | +26.1% |
| Fixed assets | 21/28 | €142,756 | €107,111 | -€35,644 | -25.0% |
| Tangible fixed assets | 22/27 | €141,017 | €105,372 | -€35,644 | -25.3% |
| Land and buildings | 22 | €8,706 | €6,770 | -€1,935 | -22.2% |
| Plant, machinery and equipment | 23 | €43,489 | €45,511 | +€2,022 | +4.6% |
| Furniture and vehicles | 24 | €48,817 | €30,630 | -€18,188 | -37.3% |
| Leasing and similar rights | 25 | €40,004 | €22,462 | -€17,543 | -43.9% |
| Financial fixed assets | 28 | €1,739 | €1,739 | = | 0.0% |
| Current assets | 29/58 | €852,498 | €1,147,676 | +€295,178 | +34.6% |
| Stocks and contracts in progress | 3 | €105,769 | €46,792 | -€58,977 | -55.8% |
| Stocks | 30/36 | €105,769 | €46,792 | -€58,977 | -55.8% |
| Amounts receivable within one year | 40/41 | €712,965 | €758,529 | +€45,565 | +6.4% |
| Trade receivables | 40 | €566,747 | €682,610 | +€115,863 | +20.4% |
| Other amounts receivable | 41 | €146,218 | €75,919 | -€70,299 | -48.1% |
| Cash at bank and in hand | 54/58 | €22,706 | €324,870 | +€302,164 | +1,331% |
| Deferred charges and accrued income | 490/1 | €11,058 | €17,485 | +€6,427 | +58.1% |
| Total equity and liabilities | 10/49 | €995,254 | €1,254,787 | +€259,533 | +26.1% |
| Equity | 10/15 | €209,459 | €372,664 | +€163,206 | +77.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,259 | €366,464 | +€163,206 | +80.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €201,399 | €364,604 | +€163,206 | +81.0% |
| Amounts payable | 17/49 | €785,795 | €882,123 | +€96,328 | +12.3% |
| Amounts payable after more than one year | 17 | €36,785 | €8,261 | -€28,524 | -77.5% |
| Financial debts | 170/4 | €36,785 | €8,261 | -€28,524 | -77.5% |
| Amounts payable within one year | 42/48 | €675,281 | €850,545 | +€175,264 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €112,465 | €228,432 | +€115,967 | +103% |
| Trade debts | 44 | €88,568 | €109,326 | +€20,758 | +23.4% |
| Suppliers | 440/4 | €88,568 | €109,326 | +€20,758 | +23.4% |
| Advances received on contracts in progress | 46 | €4,866 | €4,866 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,677 | €46,558 | +€5,880 | +14.5% |
| Taxes | 450/3 | €25,842 | €26,760 | +€918 | +3.6% |
| Remuneration and social security | 454/9 | €14,835 | €19,798 | +€4,963 | +33.5% |
| Other amounts payable | 47/48 | €428,705 | €461,364 | +€32,658 | +7.6% |
| Accrued charges and deferred income | 492/3 | €73,729 | €23,317 | -€50,412 | -68.4% |
| Remuneration, social security and pensions | 62 | €82,656 | €89,589 | +€6,933 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,504 | €58,480 | +€1,976 | +3.5% |
| Other operating charges | 640/8 | €70,395 | €7,596 | -€62,799 | -89.2% |
| Gross operating margin | 9900 | €57,009 | €342,890 | +€285,881 | +501% |
| Operating profit (loss) | 9901 | -€152,546 | €187,225 | +€339,771 | |
| Financial income | 75/76B | €7,342 | €481 | -€6,861 | -93.4% |
| Recurring financial income | 75 | €198 | €481 | +€283 | +143% |
| Non-recurring financial income | 76B | €7,144 | - | -€7,144 | |
| Financial charges | 65/66B | €7,969 | €7,781 | -€188 | -2.4% |
| Recurring financial charges | 65 | €6,646 | €7,781 | +€1,135 | +17.1% |
| Non-recurring financial charges | 66B | €1,323 | - | -€1,323 | |
| Profit (loss) for the period before taxes | 9903 | -€153,172 | €179,925 | +€333,097 | |
| Income taxes | 67/77 | €418 | €16,719 | +€16,301 | +3,898% |
| Profit (loss) for the period | 9904 | -€153,591 | €163,206 | +€316,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,591 | €163,206 | +€316,796 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.