VAworks: 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.
VAworks
Largest movements
- Cash -€4,680
down €4,680 (-43.1%), from €10,860 to €6,180
mainly Other debts (-€7,869) and Tax, wage and social debts (-€5,105)
- Tangible fixed assets +€1,379
new in 2025: €1,379
- Receivables within one year +€1,367
up €1,367 (+68.5%), from €1,996 to €3,363
of which Other amounts receivable: +€1,455
- Profit (loss) carried forward +€11,216
up €11,216 (+3.1%), from -€362,681 to -€351,466
- Other debts -€7,869
down €7,869 (-37.7%), from €20,869 to €13,000
- Tax, wage and social debts -€5,105
down €5,105 (-73.2%), from €6,972 to €1,867
- Trade debts -€576
down €576 (-25.3%), from €2,275 to €1,699
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin +€1,282
up €1,282 (+8.4%), from €15,296 to €16,579
- Taxes +€519
up €519 (+12.9%), from €4,026 to €4,545
- Depreciation +€276
new in 2025: €276
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 | €12,935 | €11,001 | -€1,934 | -15.0% |
| Fixed assets | 21/28 | €79 | €1,458 | +€1,379 | +1745.0% |
| Tangible fixed assets | 22/27 | - | €1,379 | +€1,379 | |
| Furniture and vehicles | 24 | - | €1,379 | +€1,379 | |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €12,855 | €9,543 | -€3,313 | -25.8% |
| Amounts receivable within one year | 40/41 | €1,996 | €3,363 | +€1,367 | +68.5% |
| Trade receivables | 40 | €1,996 | €1,908 | -€88 | -4.4% |
| Other amounts receivable | 41 | - | €1,455 | +€1,455 | |
| Cash at bank and in hand | 54/58 | €10,860 | €6,180 | -€4,680 | -43.1% |
| Total equity and liabilities | 10/49 | €12,935 | €11,001 | -€1,934 | -15.0% |
| Equity | 10/15 | -€17,181 | -€5,966 | +€11,216 | +65.3% |
| Contributions | 10/11 | €345,500 | €345,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,681 | -€351,466 | +€11,216 | +3.1% |
| Amounts payable | 17/49 | €30,116 | €16,966 | -€13,150 | -43.7% |
| Amounts payable within one year | 42/48 | €30,116 | €16,567 | -€13,549 | -45.0% |
| Trade debts | 44 | €2,275 | €1,699 | -€576 | -25.3% |
| Suppliers | 440/4 | €2,275 | €1,699 | -€576 | -25.3% |
| Taxes, remuneration and social security | 45 | €6,972 | €1,867 | -€5,105 | -73.2% |
| Taxes | 450/3 | €6,972 | €1,867 | -€5,105 | -73.2% |
| Other amounts payable | 47/48 | €20,869 | €13,000 | -€7,869 | -37.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €276 | +€276 | |
| Other operating charges | 640/8 | €387 | €500 | +€112 | +29.0% |
| Gross operating margin | 9900 | €15,296 | €16,579 | +€1,282 | +8.4% |
| Operating profit (loss) | 9901 | €14,909 | €15,803 | +€894 | +6.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €52 | €42 | -€10 | -19.2% |
| Recurring financial charges | 65 | €52 | €42 | -€10 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €14,857 | €15,761 | +€904 | +6.1% |
| Income taxes | 67/77 | €4,026 | €4,545 | +€519 | +12.9% |
| Profit (loss) for the period | 9904 | €10,831 | €11,216 | +€385 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,831 | €11,216 | +€385 | +3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.