VATAJO: what changed
Two fiscal 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.
VATAJO
Largest movements
- Tangible fixed assets -€6,368
down €6,368 (-4.4%), from €143,295 to €136,926
- Deferred charges and accrued income -€2,998
down €2,998 (-97.9%), from €3,060 to €63
- Other debts -€13,263
down €13,263 (-26.8%), from €49,462 to €36,200
- Trade debts +€2,755
up €2,755 (+231.9%), from €1,188 to €3,944
- Gross operating margin +€705
up €705 (+5.0%), from €14,029 to €14,733
- Financial charges +€637
up €637 (+19.8%), from €3,211 to €3,848
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,680 | €137,136 | -€9,544 | -6.5% |
| Fixed assets | 21/28 | €143,295 | €136,926 | -€6,368 | -4.4% |
| Tangible fixed assets | 22/27 | €143,295 | €136,926 | -€6,368 | -4.4% |
| Land and buildings | 22 | €143,295 | €136,926 | -€6,368 | -4.4% |
| Current assets | 29/58 | €3,385 | €210 | -€3,176 | -93.8% |
| Cash at bank and in hand | 54/58 | €325 | €147 | -€178 | -54.8% |
| Deferred charges and accrued income | 490/1 | €3,060 | €63 | -€2,998 | -97.9% |
| Total equity and liabilities | 10/49 | €146,680 | €137,136 | -€9,544 | -6.5% |
| Equity | 10/15 | €92,614 | €92,762 | +€148 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,414 | €86,562 | +€148 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,414 | €86,562 | +€148 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,066 | €44,374 | -€9,692 | -17.9% |
| Amounts payable within one year | 42/48 | €51,093 | €40,693 | -€10,400 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,188 | €3,944 | +€2,755 | +231.9% |
| Suppliers | 440/4 | €1,188 | €3,944 | +€2,755 | +231.9% |
| Taxes, remuneration and social security | 45 | €442 | €550 | +€108 | +24.4% |
| Taxes | 450/3 | €442 | €550 | +€108 | +24.4% |
| Other amounts payable | 47/48 | €49,462 | €36,200 | -€13,263 | -26.8% |
| Accrued charges and deferred income | 492/3 | €2,973 | €3,681 | +€707 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,368 | €6,368 | = | 0.0% |
| Other operating charges | 640/8 | €2,792 | €2,893 | +€101 | +3.6% |
| Gross operating margin | 9900 | €14,029 | €14,733 | +€705 | +5.0% |
| Operating profit (loss) | 9901 | €4,868 | €5,472 | +€604 | +12.4% |
| Financial charges | 65/66B | €3,211 | €3,848 | +€637 | +19.8% |
| Recurring financial charges | 65 | €3,211 | €3,848 | +€637 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €1,657 | €1,625 | -€33 | -2.0% |
| Income taxes | 67/77 | €442 | €550 | +€108 | +24.4% |
| Profit (loss) for the period | 9904 | €1,215 | €1,074 | -€140 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,215 | €1,074 | -€140 | -11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.