VAT2TAX: 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.
VAT2TAX
Largest movements
- Cash +€28,539
up €28,539 (+44.5%), from €64,157 to €92,696
mainly Net result for the year (+€51,656) and Tax, wage and social debts (+€16,211)
- Receivables within one year -€8,060
down €8,060 (-65.4%), from €12,318 to €4,258
- Tangible fixed assets +€5,051
up €5,051 (+411%), from €1,230 to €6,282
- Tax, wage and social debts +€16,211
up €16,211 (+6,379%), from €254 to €16,465
- Other debts +€8,477
up €8,477 (+20.4%), from €41,523 to €50,000
- Profit (loss) carried forward +€1,656
up €1,656 (+276%), from €600 to €2,256
- Gross operating margin +€19,223
up €19,223 (+39.8%), from €48,246 to €67,469
- Taxes +€4,490
up €4,490 (+44.0%), from €10,201 to €14,691
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 | €77,705 | €103,235 | +€25,530 | +32.9% |
| Fixed assets | 21/28 | €1,230 | €6,282 | +€5,051 | +411% |
| Tangible fixed assets | 22/27 | €1,230 | €6,282 | +€5,051 | +411% |
| Furniture and vehicles | 24 | €1,230 | €6,282 | +€5,051 | +411% |
| Current assets | 29/58 | €76,475 | €96,954 | +€20,479 | +26.8% |
| Amounts receivable within one year | 40/41 | €12,318 | €4,258 | -€8,060 | -65.4% |
| Trade receivables | 40 | €12,318 | €4,258 | -€8,060 | -65.4% |
| Cash at bank and in hand | 54/58 | €64,157 | €92,696 | +€28,539 | +44.5% |
| Total equity and liabilities | 10/49 | €77,705 | €103,235 | +€25,530 | +32.9% |
| Equity | 10/15 | €19,200 | €20,856 | +€1,656 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €600 | €2,256 | +€1,656 | +276% |
| Amounts payable | 17/49 | €58,505 | €82,379 | +€23,874 | +40.8% |
| Amounts payable within one year | 42/48 | €58,505 | €82,379 | +€23,874 | +40.8% |
| Trade debts | 44 | €16,728 | €15,914 | -€814 | -4.9% |
| Suppliers | 440/4 | €16,728 | €15,914 | -€814 | -4.9% |
| Taxes, remuneration and social security | 45 | €254 | €16,465 | +€16,211 | +6,379% |
| Taxes | 450/3 | €254 | €16,465 | +€16,211 | +6,379% |
| Other amounts payable | 47/48 | €41,523 | €50,000 | +€8,477 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €697 | +€202 | +40.7% |
| Other operating charges | 640/8 | €400 | €573 | +€172 | +43.1% |
| Gross operating margin | 9900 | €48,246 | €67,469 | +€19,223 | +39.8% |
| Operating profit (loss) | 9901 | €47,350 | €66,199 | +€18,849 | +39.8% |
| Financial income | 75/76B | €1,016 | €522 | -€494 | -48.6% |
| Recurring financial income | 75 | €1,016 | €522 | -€494 | -48.6% |
| Financial charges | 65/66B | €495 | €374 | -€121 | -24.4% |
| Recurring financial charges | 65 | €495 | €374 | -€121 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €47,871 | €66,347 | +€18,476 | +38.6% |
| Income taxes | 67/77 | €10,201 | €14,691 | +€4,490 | +44.0% |
| Profit (loss) for the period | 9904 | €37,670 | €51,656 | +€13,986 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,670 | €51,656 | +€13,986 | +37.1% |
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 30 October 2026 via checked.be.