VATT: 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.
VATT
Largest movements
- Tangible fixed assets +€396,474
up €396,474 (+1,327%), from €29,887 to €426,361
of which Leasing and similar rights: +€396,474
- Receivables within one year +€205,494
up €205,494, from €0 to €205,494
- Reserves +€447,864
new in 2025: €447,864
- Contributions +€76,404
up €76,404 (+212%), from €36,000 to €112,404
- Profit (loss) carried forward +€43,662
up €43,662, from -€43,662 to €0
- Tax, wage and social debts +€24,339
new in 2025: €24,339
- Gross operating margin +€225,101
up €225,101, from -€3,608 to €221,494
- Depreciation +€79,981
new in 2025: €79,981
- Taxes +€24,339
new in 2025: €24,339
- Financial charges +€6,331
up €6,331 (+1,521%), from €416 to €6,747
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 | €30,419 | €632,049 | +€601,630 | +1,978% |
| Fixed assets | 21/28 | €29,887 | €426,361 | +€396,474 | +1,327% |
| Tangible fixed assets | 22/27 | €29,887 | €426,361 | +€396,474 | +1,327% |
| Land and buildings | 22 | €29,887 | €29,887 | = | 0.0% |
| Leasing and similar rights | 25 | - | €396,474 | +€396,474 | |
| Current assets | 29/58 | €532 | €205,688 | +€205,156 | +38,538% |
| Amounts receivable within one year | 40/41 | €0 | €205,494 | +€205,494 | |
| Trade receivables | 40 | €0 | €205,494 | +€205,494 | |
| Cash at bank and in hand | 54/58 | €532 | €195 | -€338 | -63.5% |
| Total equity and liabilities | 10/49 | €30,419 | €632,049 | +€601,630 | +1,978% |
| Equity | 10/15 | -€7,662 | €560,267 | +€567,929 | |
| Contributions | 10/11 | €36,000 | €112,404 | +€76,404 | +212% |
| Reserves | 13 | - | €447,864 | +€447,864 | |
| Distributable reserves | 133 | - | €447,864 | +€447,864 | |
| Profit (loss) carried forward | 14 | -€43,662 | €0 | +€43,662 | |
| Amounts payable | 17/49 | €38,082 | €71,782 | +€33,701 | +88.5% |
| Amounts payable within one year | 42/48 | €38,082 | €71,782 | +€33,701 | +88.5% |
| Trade debts | 44 | €256 | €5,118 | +€4,861 | +1,897% |
| Suppliers | 440/4 | €256 | €5,118 | +€4,861 | +1,897% |
| Taxes, remuneration and social security | 45 | - | €24,339 | +€24,339 | |
| Taxes | 450/3 | - | €24,339 | +€24,339 | |
| Other amounts payable | 47/48 | €37,825 | €42,325 | +€4,500 | +11.9% |
| Non-recurring operating income | 76A | - | €555 | +€555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €79,981 | +€79,981 | |
| Other operating charges | 640/8 | €641 | €1,449 | +€808 | +126% |
| Non-recurring operating charges | 66A | - | €339 | +€339 | |
| Gross operating margin | 9900 | -€3,608 | €221,494 | +€225,101 | |
| Operating profit (loss) | 9901 | -€4,248 | €139,725 | +€143,973 | |
| Financial charges | 65/66B | €416 | €6,747 | +€6,331 | +1,521% |
| Recurring financial charges | 65 | €416 | €6,747 | +€6,331 | +1,521% |
| Profit (loss) for the period before taxes | 9903 | -€4,664 | €132,978 | +€137,643 | |
| Income taxes | 67/77 | - | €24,339 | +€24,339 | |
| Profit (loss) for the period | 9904 | -€4,664 | €108,639 | +€113,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,664 | €108,639 | +€113,303 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.