VAWE: 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.
VAWE
Largest movements
- Current assets -€9,160
down €9,160 (-41.9%), from €21,860 to €12,700
of which Cash: -€16,420
- Tangible fixed assets -€4,635
down €4,635 (-28.8%), from €16,069 to €11,434
- Debts within one year -€10,135
down €10,135 (-71.9%), from €14,088 to €3,953
- Debts after one year -€3,652
down €3,652 (-62.9%), from €5,807 to €2,155
- Turnover -€31,281
down €31,281 (-23.9%), from €130,617 to €99,336
- Gross operating margin -€14,791
down €14,791, from €14,173 to -€618
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,929 | €24,134 | -€13,795 | -36.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €16,069 | €11,434 | -€4,635 | -28.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €16,069 | €11,434 | -€4,635 | -28.8% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €21,860 | €12,700 | -€9,160 | -41.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €593 | €5,090 | +€4,497 | +758% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €21,267 | €4,847 | -€16,420 | -77.2% |
| Total equity and liabilities | 10/49 | €37,929 | €24,134 | -€13,795 | -36.4% |
| Equity | 10/15 | €18,034 | €18,026 | -€8 | 0.0% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €5,634 | €5,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,675 | -€6,208 | +€3,467 | +35.8% |
| Amounts payable | 17/49 | €19,895 | €6,108 | -€13,787 | -69.3% |
| Amounts payable after more than one year | 17 | €5,807 | €2,155 | -€3,652 | -62.9% |
| Amounts payable within one year | 42/48 | €14,088 | €3,953 | -€10,135 | -71.9% |
| Trade debts | 44 | €459 | €233 | -€226 | -49.3% |
| Turnover | 70 | €130,617 | €99,336 | -€31,281 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,635 | €4,635 | -€0 | 0.0% |
| Gross operating margin | 9900 | €14,173 | -€618 | -€14,791 | |
| Operating profit (loss) | 9901 | €8,657 | -€6,007 | -€14,664 | |
| Recurring financial income | 75 | €149 | €2 | -€147 | -98.7% |
| Recurring financial charges | 65 | €624 | €203 | -€421 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €8,183 | -€6,208 | -€14,391 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €8,183 | -€6,208 | -€14,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,183 | -€6,208 | -€14,391 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.