VATIS: 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.
VATIS
Largest movements
- Cash -€89,156
down €89,156 (-31.1%), from €286,994 to €197,838
mainly Short-term financial debts (-€57,826) and Receivables within one year (-€52,853)
- Receivables within one year +€52,853
up €52,853 (+17.0%), from €310,475 to €363,328
of which Trade receivables: +€84,577
- Receivables after one year +€22,820
up €22,820 (+18.3%), from €124,848 to €147,668
- Stocks and contracts -€14,610
down €14,610 (-41.4%), from €35,296 to €20,686
of which Stocks: -€9,041
- Deferred charges and accrued income -€10,617
down €10,617 (-48.8%), from €21,774 to €11,157
- Short-term financial debts -€57,826
down €57,826 (-30.2%), from €191,547 to €133,720
- Trade debts +€46,987
up €46,987 (+50.5%), from €92,953 to €139,940
- Accrued charges and deferred income -€24,747
down €24,747 (-99.6%), from €24,835 to €88
- Advances received +€15,279
up €15,279 (+1942.7%), from €787 to €16,066
- Profit (loss) carried forward -€12,055
down €12,055 (-6.4%), from €188,198 to €176,143
- Gross operating margin -€52,234
down €52,234 (-22.0%), from €237,069 to €184,834
- Financial income +€2,998
up €2,998 (+26.8%), from €11,188 to €14,186
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €793,353 | €751,011 | -€42,343 | -5.3% |
| Fixed assets | 21/28 | €13,966 | €10,333 | -€3,633 | -26.0% |
| Tangible fixed assets | 22/27 | €13,966 | €10,333 | -€3,633 | -26.0% |
| Plant, machinery and equipment | 23 | €1,873 | €1,049 | -€824 | -44.0% |
| Furniture and vehicles | 24 | €12,093 | €9,284 | -€2,808 | -23.2% |
| Current assets | 29/58 | €779,388 | €740,678 | -€38,710 | -5.0% |
| Amounts receivable after more than one year | 29 | €124,848 | €147,668 | +€22,820 | +18.3% |
| Other amounts receivable | 291 | €124,848 | €147,668 | +€22,820 | +18.3% |
| Stocks and contracts in progress | 3 | €35,296 | €20,686 | -€14,610 | -41.4% |
| Stocks | 30/36 | €13,316 | €4,275 | -€9,041 | -67.9% |
| Contracts in progress | 37 | €21,980 | €16,411 | -€5,569 | -25.3% |
| Amounts receivable within one year | 40/41 | €310,475 | €363,328 | +€52,853 | +17.0% |
| Trade receivables | 40 | €250,966 | €335,544 | +€84,577 | +33.7% |
| Other amounts receivable | 41 | €59,509 | €27,785 | -€31,724 | -53.3% |
| Cash at bank and in hand | 54/58 | €286,994 | €197,838 | -€89,156 | -31.1% |
| Deferred charges and accrued income | 490/1 | €21,774 | €11,157 | -€10,617 | -48.8% |
| Total equity and liabilities | 10/49 | €793,353 | €751,011 | -€42,343 | -5.3% |
| Equity | 10/15 | €300,885 | €288,831 | -€12,055 | -4.0% |
| Contributions | 10/11 | €48,592 | €48,592 | = | 0.0% |
| Reserves | 13 | €64,095 | €64,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €64,095 | €64,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,198 | €176,143 | -€12,055 | -6.4% |
| Amounts payable | 17/49 | €492,468 | €462,180 | -€30,288 | -6.2% |
| Amounts payable within one year | 42/48 | €467,633 | €462,092 | -€5,541 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 43 | €191,547 | €133,720 | -€57,826 | -30.2% |
| Credit institutions | 430/8 | €191,547 | €133,720 | -€57,826 | -30.2% |
| Trade debts | 44 | €92,953 | €139,940 | +€46,987 | +50.5% |
| Suppliers | 440/4 | €92,953 | €139,940 | +€46,987 | +50.5% |
| Advances received on contracts in progress | 46 | €787 | €16,066 | +€15,279 | +1942.7% |
| Taxes, remuneration and social security | 45 | €24,347 | €22,366 | -€1,981 | -8.1% |
| Taxes | 450/3 | €2,220 | €0 | -€2,220 | -100.0% |
| Remuneration and social security | 454/9 | €22,127 | €22,366 | +€239 | +1.1% |
| Other amounts payable | 47/48 | €8,000 | €0 | -€8,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €24,835 | €88 | -€24,747 | -99.6% |
| Remuneration, social security and pensions | 62 | €187,777 | €186,782 | -€995 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,539 | €3,633 | -€906 | -20.0% |
| Other operating charges | 640/8 | €1,001 | €1,417 | +€415 | +41.5% |
| Gross operating margin | 9900 | €237,069 | €184,834 | -€52,234 | -22.0% |
| Operating profit (loss) | 9901 | €43,752 | -€6,998 | -€50,749 | |
| Financial income | 75/76B | €11,188 | €14,186 | +€2,998 | +26.8% |
| Recurring financial income | 75 | €11,188 | €14,186 | +€2,998 | +26.8% |
| Financial charges | 65/66B | €19,917 | €18,715 | -€1,202 | -6.0% |
| Recurring financial charges | 65 | €19,917 | €18,715 | -€1,202 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €35,023 | -€11,527 | -€46,550 | |
| Income taxes | 67/77 | €286 | €528 | +€242 | +84.4% |
| Profit (loss) for the period | 9904 | €34,737 | -€12,055 | -€46,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,737 | -€12,055 | -€46,791 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.