VAWICO: 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.
VAWICO
Largest movements
- Cash +€341,874
up €341,874 (+1,179%), from €29,000 to €370,874
mainly Net result for the year (+€244,337) and Trade debts (+€218,491)
- Receivables within one year +€152,251
up €152,251 (+19.4%), from €783,435 to €935,685
of which Trade receivables: +€138,462
- Profit (loss) carried forward +€244,337
up €244,337, from -€35,534 to €208,803
- Trade debts +€218,491
up €218,491 (+134%), from €162,820 to €381,311
- Other debts +€30,691
up €30,691 (+305%), from €10,051 to €40,741
- Gross operating margin +€221,985
up €221,985 (+1,530%), from €14,513 to €236,498
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 | €812,435 | €1,306,559 | +€494,124 | +60.8% |
| Current assets | 29/58 | €812,435 | €1,306,559 | +€494,124 | +60.8% |
| Amounts receivable within one year | 40/41 | €783,435 | €935,685 | +€152,251 | +19.4% |
| Trade receivables | 40 | €163,170 | €301,632 | +€138,462 | +84.9% |
| Other amounts receivable | 41 | €620,264 | €634,053 | +€13,789 | +2.2% |
| Cash at bank and in hand | 54/58 | €29,000 | €370,874 | +€341,874 | +1,179% |
| Total equity and liabilities | 10/49 | €812,435 | €1,306,559 | +€494,124 | +60.8% |
| Equity | 10/15 | €639,564 | €883,901 | +€244,337 | +38.2% |
| Contributions | 10/11 | €489,600 | €489,600 | = | 0.0% |
| Reserves | 13 | €185,498 | €185,498 | = | 0.0% |
| Distributable reserves | 133 | €185,498 | €185,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,534 | €208,803 | +€244,337 | |
| Amounts payable | 17/49 | €172,871 | €422,658 | +€249,787 | +144% |
| Amounts payable within one year | 42/48 | €172,871 | €422,658 | +€249,787 | +144% |
| Trade debts | 44 | €162,820 | €381,311 | +€218,491 | +134% |
| Suppliers | 440/4 | €162,820 | €381,311 | +€218,491 | +134% |
| Taxes, remuneration and social security | 45 | - | €605 | +€605 | |
| Taxes | 450/3 | - | €605 | +€605 | |
| Other amounts payable | 47/48 | €10,051 | €40,741 | +€30,691 | +305% |
| Other operating charges | 640/8 | €556 | €449 | -€106 | -19.2% |
| Gross operating margin | 9900 | €14,513 | €236,498 | +€221,985 | +1,530% |
| Operating profit (loss) | 9901 | €13,957 | €236,049 | +€222,091 | +1,591% |
| Financial income | 75/76B | €9,132 | €9,200 | +€67 | +0.7% |
| Recurring financial income | 75 | €9,132 | €9,200 | +€67 | +0.7% |
| Financial charges | 65/66B | €238 | €911 | +€673 | +283% |
| Recurring financial charges | 65 | €238 | €911 | +€673 | +283% |
| Profit (loss) for the period before taxes | 9903 | €22,852 | €244,337 | +€221,486 | +969% |
| Profit (loss) for the period | 9904 | €22,852 | €244,337 | +€221,486 | +969% |
| Profit (loss) for the period to be appropriated | 9905 | €22,852 | €244,337 | +€221,486 | +969% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.