VATKA: 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.
VATKA
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Cash +€272,138
up €272,138 (+665.7%), from €40,882 to €313,020
mainly Current investments (+€450,000) and Receivables within one year (+€15,769)
- Receivables within one year -€15,769
down €15,769 (-10.3%), from €152,635 to €136,866
of which Trade receivables: -€18,627
- Tangible fixed assets -€8,740
down €8,740 (-15.0%), from €58,289 to €49,548
of which Furniture and vehicles: -€10,640
- Reserves -€106,445
down €106,445 (-18.2%), from €585,665 to €479,220
- Profit (loss) carried forward -€40,987
new in 2025: -€40,987
- Short-term financial debts -€33,414
down €33,414 (-99.9%), from €33,452 to €37
- Other debts -€20,467
down €20,467 (-39.6%), from €51,712 to €31,245
- Gross operating margin -€175,706
down €175,706, from €141,786 to -€33,920
- Taxes -€45,326
down €45,326, from €45,326 to -€0
- Financial income -€4,050
down €4,050 (-29.6%), from €13,700 to €9,651
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 | €710,706 | €507,113 | -€203,592 | -28.6% |
| Fixed assets | 21/28 | €58,381 | €49,641 | -€8,740 | -15.0% |
| Tangible fixed assets | 22/27 | €58,289 | €49,548 | -€8,740 | -15.0% |
| Furniture and vehicles | 24 | €27,434 | €16,794 | -€10,640 | -38.8% |
| Other tangible fixed assets | 26 | €30,854 | €32,754 | +€1,900 | +6.2% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €652,325 | €457,473 | -€194,852 | -29.9% |
| Amounts receivable within one year | 40/41 | €152,635 | €136,866 | -€15,769 | -10.3% |
| Trade receivables | 40 | €152,585 | €133,958 | -€18,627 | -12.2% |
| Other amounts receivable | 41 | €50 | €2,908 | +€2,858 | +5683.9% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €40,882 | €313,020 | +€272,138 | +665.7% |
| Deferred charges and accrued income | 490/1 | €8,808 | €7,587 | -€1,221 | -13.9% |
| Total equity and liabilities | 10/49 | €710,706 | €507,113 | -€203,592 | -28.6% |
| Equity | 10/15 | €604,265 | €456,833 | -€147,432 | -24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €585,665 | €479,220 | -€106,445 | -18.2% |
| Distributable reserves | 133 | €585,665 | €479,220 | -€106,445 | -18.2% |
| Profit (loss) carried forward | 14 | - | -€40,987 | -€40,987 | |
| Amounts payable | 17/49 | €106,441 | €50,281 | -€56,160 | -52.8% |
| Amounts payable within one year | 42/48 | €106,104 | €50,019 | -€56,085 | -52.9% |
| Financial debts | 43 | €33,452 | €37 | -€33,414 | -99.9% |
| Credit institutions | 430/8 | €33,452 | €37 | -€33,414 | -99.9% |
| Trade debts | 44 | €11,685 | €10,938 | -€747 | -6.4% |
| Suppliers | 440/4 | €11,685 | €10,938 | -€747 | -6.4% |
| Taxes, remuneration and social security | 45 | €9,256 | €7,798 | -€1,457 | -15.7% |
| Taxes | 450/3 | €9,256 | €7,798 | -€1,457 | -15.7% |
| Other amounts payable | 47/48 | €51,712 | €31,245 | -€20,467 | -39.6% |
| Accrued charges and deferred income | 492/3 | €337 | €262 | -€75 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,826 | €10,640 | -€186 | -1.7% |
| Other operating charges | 640/8 | €4,559 | €5,337 | +€778 | +17.1% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €141,786 | -€33,920 | -€175,706 | |
| Operating profit (loss) | 9901 | €126,274 | -€49,898 | -€176,172 | |
| Financial income | 75/76B | €13,700 | €9,651 | -€4,050 | -29.6% |
| Recurring financial income | 75 | €13,700 | €9,651 | -€4,050 | -29.6% |
| Financial charges | 65/66B | €3,972 | €2,958 | -€1,014 | -25.5% |
| Recurring financial charges | 65 | €3,972 | €2,958 | -€1,014 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €136,002 | -€43,205 | -€179,207 | |
| Income taxes | 67/77 | €45,326 | -€0 | -€45,326 | |
| Profit (loss) for the period | 9904 | €90,676 | -€43,205 | -€133,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,676 | -€43,205 | -€133,881 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.