VAWOSO: 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.
VAWOSO
Largest movements
- Tangible fixed assets -€74,909
down €74,909 (-6.2%), from €1.2m to €1.1m
of which Land and buildings: -€49,695
- Reserves -€60,728
down €60,728 (-3.8%), from €1.6m to €1.5m
of which Distributable reserves: -€44,382
- Gross operating margin +€35,290
up €35,290, from -€23,082 to €12,208
- Depreciation -€14,473
down €14,473 (-16.2%), from €89,383 to €74,909
- Financial income -€4,743
down €4,743 (-46.7%), from €10,165 to €5,422
- Financial charges +€2,029
up €2,029 (+49.3%), from €4,113 to €6,142
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 | €2,182,778 | €2,097,205 | -€85,573 | -3.9% |
| Fixed assets | 21/28 | €1,214,760 | €1,139,850 | -€74,909 | -6.2% |
| Tangible fixed assets | 22/27 | €1,214,660 | €1,139,750 | -€74,909 | -6.2% |
| Land and buildings | 22 | €1,104,334 | €1,054,639 | -€49,695 | -4.5% |
| Plant, machinery and equipment | 23 | €1,500 | - | -€1,500 | |
| Furniture and vehicles | 24 | €108,825 | €85,111 | -€23,714 | -21.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €968,019 | €957,355 | -€10,664 | -1.1% |
| Amounts receivable within one year | 40/41 | €1,970 | €2,346 | +€376 | +19.1% |
| Other amounts receivable | 41 | €1,970 | €2,346 | +€376 | +19.1% |
| Current investments | 50/53 | €778,786 | €775,454 | -€3,331 | -0.4% |
| Cash at bank and in hand | 54/58 | €187,263 | €179,555 | -€7,709 | -4.1% |
| Total equity and liabilities | 10/49 | €2,182,778 | €2,097,205 | -€85,573 | -3.9% |
| Equity | 10/15 | €2,036,739 | €1,976,011 | -€60,728 | -3.0% |
| Contributions | 10/11 | €456,667 | €456,667 | = | 0.0% |
| Reserves | 13 | €1,580,072 | €1,519,344 | -€60,728 | -3.8% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,000 | €47,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,396 | €329,051 | -€16,345 | -4.7% |
| Distributable reserves | 133 | €1,187,676 | €1,143,294 | -€44,382 | -3.7% |
| Provisions and deferred taxes | 16 | €123,497 | €117,203 | -€6,294 | -5.1% |
| Deferred taxes | 168 | €123,497 | €117,203 | -€6,294 | -5.1% |
| Amounts payable | 17/49 | €22,543 | €3,991 | -€18,552 | -82.3% |
| Amounts payable within one year | 42/48 | €22,543 | €3,991 | -€18,552 | -82.3% |
| Trade debts | 44 | €460 | €1,398 | +€938 | +203.8% |
| Suppliers | 440/4 | €460 | €1,398 | +€938 | +203.8% |
| Other amounts payable | 47/48 | €22,083 | €2,594 | -€19,490 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,383 | €74,909 | -€14,473 | -16.2% |
| Other operating charges | 640/8 | €3,144 | €3,166 | +€22 | +0.7% |
| Gross operating margin | 9900 | -€23,082 | €12,208 | +€35,290 | |
| Operating profit (loss) | 9901 | -€115,609 | -€65,867 | +€49,742 | +43.0% |
| Financial income | 75/76B | €10,165 | €5,422 | -€4,743 | -46.7% |
| Recurring financial income | 75 | €10,165 | €5,422 | -€4,743 | -46.7% |
| Financial charges | 65/66B | €4,113 | €6,142 | +€2,029 | +49.3% |
| Recurring financial charges | 65 | €4,113 | €6,142 | +€2,029 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | -€109,557 | -€66,587 | +€42,970 | +39.2% |
| Transfer from deferred taxes | 780 | €7,504 | €6,294 | -€1,210 | -16.1% |
| Income taxes | 67/77 | €447 | €434 | -€14 | -3.0% |
| Profit (loss) for the period | 9904 | -€102,501 | -€60,728 | +€41,773 | +40.8% |
| Transfer from tax-exempt reserves | 789 | €19,976 | €16,345 | -€3,631 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,525 | -€44,382 | +€38,143 | +46.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.