VAXACO: 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.
What changed
VAXACO
NACE 46.494, Wholesale of non-electrical household articles
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€308
2023 · -€5,504+€5,812
Equity
€36,335
2023 · €36,028+€308
Cash
€24,678
2023 · €26,926-€2,248
Balance sheet total
€427,242
2023 · €432,200-€4,959
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€25,857
down €25,857 (-7.8%), from €333,530 to €307,673
- Other debts +€11,950
up €11,950 (+117.4%), from €10,180 to €22,130
- Trade debts +€8,817
up €8,817 (+41.2%), from €21,377 to €30,194
Income statement
- Depreciation -€27,159
down €27,159 (-93.3%), from €29,104 to €1,945
- Gross operating margin -€23,473
down €23,473 (-63.0%), from €37,278 to €13,805
- Write-downs -€4,664
down €4,664, from €2,481 to -€2,184
- Other operating charges +€2,881
up €2,881 (+49.5%), from €5,823 to €8,703
- Financial charges -€512
down €512 (-10.0%), from €5,116 to €4,604
From the 2023 result to the 2024 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.
Result 2023
-€5,504
Gross operating margin
-€23,473
Depreciation
+€27,159
Write-downs
+€4,664
Other operating charges
-€2,881
Financial income
+€83
Financial charges
+€512
Taxes
-€252
Result 2024
€308
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€23,052
Investment
€0
Financing
-€25,300
Cash 2023
€26,926
From operations (derived)
+€23,052
Net result for the year
+€308
Depreciation
+€1,945
Stocks and contracts
+€2,032
Receivables within one year
-€1,153
Deferred charges and accrued income
-€113
Trade debts
+€8,817
Tax, wage and social debts
-€3,213
Other debts
+€11,950
Accrued charges and deferred income
+€2,479
Financing
-€25,300
Debts after one year
-€25,857
Current portion of long-term debt
+€557
Cash 2024
€24,678
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,200 | €427,242 | -€4,959 | -1.1% |
| Fixed assets | 21/28 | €327,859 | €325,914 | -€1,945 | -0.6% |
| Intangible fixed assets | 21 | €28,972 | €28,972 | = | 0.0% |
| Tangible fixed assets | 22/27 | €297,028 | €295,083 | -€1,945 | -0.7% |
| Land and buildings | 22 | €291,223 | €291,223 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,293 | €2,195 | -€1,098 | -33.3% |
| Furniture and vehicles | 24 | €2,512 | €1,665 | -€847 | -33.7% |
| Financial fixed assets | 28 | €1,859 | €1,859 | = | 0.0% |
| Current assets | 29/58 | €104,342 | €101,328 | -€3,014 | -2.9% |
| Stocks and contracts in progress | 3 | €10,565 | €8,533 | -€2,032 | -19.2% |
| Stocks | 30/36 | €10,565 | €8,533 | -€2,032 | -19.2% |
| Amounts receivable within one year | 40/41 | €60,749 | €61,901 | +€1,153 | +1.9% |
| Trade receivables | 40 | €57,074 | €58,168 | +€1,095 | +1.9% |
| Other amounts receivable | 41 | €3,675 | €3,733 | +€58 | +1.6% |
| Cash at bank and in hand | 54/58 | €26,926 | €24,678 | -€2,248 | -8.3% |
| Deferred charges and accrued income | 490/1 | €6,103 | €6,216 | +€113 | +1.9% |
| Total equity and liabilities | 10/49 | €432,200 | €427,242 | -€4,959 | -1.1% |
| Equity | 10/15 | €36,028 | €36,335 | +€308 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,172 | -€31,865 | +€308 | +1.0% |
| Amounts payable | 17/49 | €396,173 | €390,906 | -€5,267 | -1.3% |
| Amounts payable after more than one year | 17 | €333,530 | €307,673 | -€25,857 | -7.8% |
| Financial debts | 170/4 | €333,530 | €307,673 | -€25,857 | -7.8% |
| Amounts payable within one year | 42/48 | €62,643 | €80,754 | +€18,111 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €25,300 | €25,857 | +€557 | +2.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €21,377 | €30,194 | +€8,817 | +41.2% |
| Suppliers | 440/4 | €21,377 | €30,194 | +€8,817 | +41.2% |
| Taxes, remuneration and social security | 45 | €5,786 | €2,573 | -€3,213 | -55.5% |
| Taxes | 450/3 | €2,390 | €2,573 | +€183 | +7.7% |
| Remuneration and social security | 454/9 | €3,397 | €0 | -€3,397 | -100.0% |
| Other amounts payable | 47/48 | €10,180 | €22,130 | +€11,950 | +117.4% |
| Accrued charges and deferred income | 492/3 | €0 | €2,479 | +€2,479 | |
| Non-recurring operating income | 76A | €64,038 | €0 | -€64,038 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,104 | €1,945 | -€27,159 | -93.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,481 | -€2,184 | -€4,664 | |
| Other operating charges | 640/8 | €5,823 | €8,703 | +€2,881 | +49.5% |
| Gross operating margin | 9900 | €37,278 | €13,805 | -€23,473 | -63.0% |
| Operating profit (loss) | 9901 | -€130 | €5,340 | +€5,470 | |
| Financial income | 75/76B | €0 | €83 | +€83 | |
| Recurring financial income | 75 | €0 | €83 | +€83 | |
| Financial charges | 65/66B | €5,116 | €4,604 | -€512 | -10.0% |
| Recurring financial charges | 65 | €5,116 | €4,604 | -€512 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,246 | €819 | +€6,064 | |
| Income taxes | 67/77 | €258 | €511 | +€252 | +97.8% |
| Profit (loss) for the period | 9904 | -€5,504 | €308 | +€5,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,504 | €308 | +€5,812 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.