VAWYCO: 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.
VAWYCO
Largest movements
- Cash +€192,547
up €192,547 (+625%), from €30,812 to €223,360
mainly Current investments (+€100,000) and Net result for the year (+€88,919)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€15,128
down €15,128 (-81.3%), from €18,607 to €3,478
of which Furniture and vehicles: -€13,586
- Receivables within one year -€8,961
down €8,961 (-25.2%), from €35,509 to €26,548
of which Trade receivables: -€13,008
- Reserves +€88,919
up €88,919 (+71.2%), from €124,809 to €213,727
- Debts after one year -€9,954
down €9,954 (-92.1%), from €10,803 to €850
- Tax, wage and social debts -€8,816
down €8,816 (-25.2%), from €34,948 to €26,132
- Other debts -€2,570
no longer reported in 2025 (was €2,570)
- Gross operating margin +€16,792
up €16,792 (+15.5%), from €108,099 to €124,891
- Taxes +€5,209
up €5,209 (+26.4%), from €19,760 to €24,969
- Financial income +€4,062
up €4,062 (+401%), from €1,014 to €5,076
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 | €184,928 | €253,386 | +€68,458 | +37.0% |
| Fixed assets | 21/28 | €18,607 | €3,478 | -€15,128 | -81.3% |
| Tangible fixed assets | 22/27 | €18,607 | €3,478 | -€15,128 | -81.3% |
| Plant, machinery and equipment | 23 | €4,541 | €2,999 | -€1,542 | -34.0% |
| Furniture and vehicles | 24 | €14,066 | €479 | -€13,586 | -96.6% |
| Current assets | 29/58 | €166,321 | €249,908 | +€83,587 | +50.3% |
| Amounts receivable within one year | 40/41 | €35,509 | €26,548 | -€8,961 | -25.2% |
| Trade receivables | 40 | €35,501 | €22,494 | -€13,008 | -36.6% |
| Other amounts receivable | 41 | €7 | €4,054 | +€4,047 | +54,103% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €30,812 | €223,360 | +€192,547 | +625% |
| Total equity and liabilities | 10/49 | €184,928 | €253,386 | +€68,458 | +37.0% |
| Equity | 10/15 | €126,809 | €215,727 | +€88,919 | +70.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €124,809 | €213,727 | +€88,919 | +71.2% |
| Distributable reserves | 133 | €124,809 | €213,727 | +€88,919 | +71.2% |
| Amounts payable | 17/49 | €58,119 | €37,659 | -€20,460 | -35.2% |
| Amounts payable after more than one year | 17 | €10,803 | €850 | -€9,954 | -92.1% |
| Financial debts | 170/4 | €10,803 | €850 | -€9,954 | -92.1% |
| Amounts payable within one year | 42/48 | €47,316 | €36,526 | -€10,790 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €9,521 | €9,954 | +€432 | +4.5% |
| Trade debts | 44 | €277 | €440 | +€163 | +58.8% |
| Suppliers | 440/4 | €277 | €440 | +€163 | +58.8% |
| Taxes, remuneration and social security | 45 | €34,948 | €26,132 | -€8,816 | -25.2% |
| Taxes | 450/3 | €34,948 | €26,132 | -€8,816 | -25.2% |
| Other amounts payable | 47/48 | €2,570 | - | -€2,570 | |
| Accrued charges and deferred income | 492/3 | - | €284 | +€284 | |
| Remuneration, social security and pensions | 62 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,470 | €15,128 | +€659 | +4.6% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €108,099 | €124,891 | +€16,792 | +15.5% |
| Operating profit (loss) | 9901 | €93,448 | €109,618 | +€16,170 | +17.3% |
| Financial income | 75/76B | €1,014 | €5,076 | +€4,062 | +401% |
| Recurring financial income | 75 | €1,014 | €5,076 | +€4,062 | +401% |
| Financial charges | 65/66B | €1,242 | €807 | -€435 | -35.0% |
| Recurring financial charges | 65 | €1,242 | €807 | -€435 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €93,220 | €113,887 | +€20,667 | +22.2% |
| Income taxes | 67/77 | €19,760 | €24,969 | +€5,209 | +26.4% |
| Profit (loss) for the period | 9904 | €73,461 | €88,919 | +€15,458 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,461 | €88,919 | +€15,458 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.