VATcom: 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.
VATcom
Largest movements
- Tangible fixed assets -€45,846
no longer reported in 2025 (was €45,846)
of which Land and buildings: -€41,848
- Receivables within one year +€12,543
up €12,543 (+286.1%), from €4,384 to €16,927
of which Trade receivables: +€14,890
- Debts after one year -€36,730
no longer reported in 2025 (was €36,730)
- Current portion of long-term debt -€17,386
no longer reported in 2025 (was €17,386)
- Other debts +€13,541
up €13,541 (+5.1%), from €262,940 to €276,481
- Profit (loss) carried forward +€9,310
up €9,310 (+64.3%), from -€14,469 to -€5,159
- Accrued charges and deferred income -€5,179
no longer reported in 2025 (was €5,179)
- Depreciation -€18,827
down €18,827 (-82.5%), from €22,825 to €3,998
- Other operating charges +€7,226
up €7,226 (+447.1%), from €1,616 to €8,842
- Gross operating margin +€6,861
up €6,861 (+29.4%), from €23,305 to €30,167
- Write-downs -€6,784
new in 2025: -€6,784
- Taxes +€2,531
up €2,531 (+1814.0%), from €140 to €2,670
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 | €336,299 | €302,240 | -€34,059 | -10.1% |
| Fixed assets | 21/28 | €328,685 | €282,839 | -€45,846 | -13.9% |
| Tangible fixed assets | 22/27 | €45,846 | - | -€45,846 | |
| Land and buildings | 22 | €41,848 | - | -€41,848 | |
| Furniture and vehicles | 24 | €3,998 | - | -€3,998 | |
| Financial fixed assets | 28 | €282,839 | €282,839 | = | 0.0% |
| Current assets | 29/58 | €7,614 | €19,401 | +€11,787 | +154.8% |
| Amounts receivable within one year | 40/41 | €4,384 | €16,927 | +€12,543 | +286.1% |
| Trade receivables | 40 | €1,993 | €16,883 | +€14,890 | +747.3% |
| Other amounts receivable | 41 | €2,391 | €44 | -€2,347 | -98.2% |
| Cash at bank and in hand | 54/58 | €1,480 | €1,886 | +€406 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,749 | €588 | -€1,162 | -66.4% |
| Total equity and liabilities | 10/49 | €336,299 | €302,240 | -€34,059 | -10.1% |
| Equity | 10/15 | €4,131 | €13,441 | +€9,310 | +225.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,469 | -€5,159 | +€9,310 | +64.3% |
| Amounts payable | 17/49 | €332,168 | €288,799 | -€43,369 | -13.1% |
| Amounts payable after more than one year | 17 | €36,730 | - | -€36,730 | |
| Financial debts | 170/4 | €36,730 | - | -€36,730 | |
| Amounts payable within one year | 42/48 | €290,259 | €288,799 | -€1,460 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €17,386 | - | -€17,386 | |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €9,511 | €7,213 | -€2,298 | -24.2% |
| Suppliers | 440/4 | €9,511 | €7,213 | -€2,298 | -24.2% |
| Taxes, remuneration and social security | 45 | €423 | €5,086 | +€4,663 | +1103.5% |
| Taxes | 450/3 | €423 | €5,086 | +€4,663 | +1103.5% |
| Other amounts payable | 47/48 | €262,940 | €276,481 | +€13,541 | +5.1% |
| Accrued charges and deferred income | 492/3 | €5,179 | - | -€5,179 | |
| Non-recurring operating income | 76A | - | €10,293 | +€10,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,825 | €3,998 | -€18,827 | -82.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,784 | -€6,784 | |
| Other operating charges | 640/8 | €1,616 | €8,842 | +€7,226 | +447.1% |
| Gross operating margin | 9900 | €23,305 | €30,167 | +€6,861 | +29.4% |
| Operating profit (loss) | 9901 | -€1,136 | €24,110 | +€25,246 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €13,337 | €12,130 | -€1,207 | -9.1% |
| Recurring financial charges | 65 | €13,337 | €12,130 | -€1,207 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,472 | €11,980 | +€26,452 | |
| Income taxes | 67/77 | €140 | €2,670 | +€2,531 | +1814.0% |
| Profit (loss) for the period | 9904 | -€14,611 | €9,310 | +€23,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,611 | €9,310 | +€23,921 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.