VLASKA: 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.
VLASKA
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€132,286
up €132,286 (+108.8%), from €121,609 to €253,895
mainly Current investments (+€250,000) and Net result for the year (+€147,336)
- Tangible fixed assets -€20,910
down €20,910 (-5.9%), from €355,379 to €334,469
of which Furniture and vehicles: -€12,023
- Receivables within one year +€14,196
up €14,196 (+83.4%), from €17,013 to €31,209
of which Trade receivables: +€9,058
- Reserves -€121,868
down €121,868 (-39.4%), from €309,205 to €187,337
of which Distributable reserves: -€121,868
- Other debts +€26,381
up €26,381 (+19.7%), from €133,701 to €160,082
- Debts after one year -€15,071
down €15,071 (-6.2%), from €242,903 to €227,832
- Tax, wage and social debts -€14,813
down €14,813 (-57.4%), from €25,810 to €10,997
- Gross operating margin +€46,363
up €46,363 (+28.6%), from €162,055 to €208,417
- Taxes +€10,892
up €10,892 (+32.3%), from €33,703 to €44,594
- Financial income -€9,186
down €9,186 (-55.1%), from €16,677 to €7,491
of which Non-recurring financial income: -€12,670
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 | €746,706 | €621,065 | -€125,641 | -16.8% |
| Fixed assets | 21/28 | €355,379 | €334,469 | -€20,910 | -5.9% |
| Tangible fixed assets | 22/27 | €355,379 | €334,469 | -€20,910 | -5.9% |
| Land and buildings | 22 | €309,227 | €300,805 | -€8,422 | -2.7% |
| Plant, machinery and equipment | 23 | €621 | €156 | -€465 | -74.9% |
| Furniture and vehicles | 24 | €45,531 | €33,507 | -€12,023 | -26.4% |
| Current assets | 29/58 | €391,327 | €286,597 | -€104,731 | -26.8% |
| Amounts receivable within one year | 40/41 | €17,013 | €31,209 | +€14,196 | +83.4% |
| Trade receivables | 40 | €15,125 | €24,183 | +€9,058 | +59.9% |
| Other amounts receivable | 41 | €1,888 | €7,026 | +€5,138 | +272.2% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €121,609 | €253,895 | +€132,286 | +108.8% |
| Deferred charges and accrued income | 490/1 | €2,705 | €1,492 | -€1,213 | -44.8% |
| Total equity and liabilities | 10/49 | €746,706 | €621,065 | -€125,641 | -16.8% |
| Equity | 10/15 | €327,805 | €205,937 | -€121,868 | -37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €309,205 | €187,337 | -€121,868 | -39.4% |
| Tax-exempt reserves | 132 | €42,266 | €42,266 | = | 0.0% |
| Distributable reserves | 133 | €266,939 | €145,071 | -€121,868 | -45.7% |
| Amounts payable | 17/49 | €418,901 | €415,128 | -€3,773 | -0.9% |
| Amounts payable after more than one year | 17 | €242,903 | €227,832 | -€15,071 | -6.2% |
| Financial debts | 170/4 | €242,903 | €227,832 | -€15,071 | -6.2% |
| Amounts payable within one year | 42/48 | €175,998 | €187,296 | +€11,299 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €14,932 | €15,071 | +€139 | +0.9% |
| Trade debts | 44 | €1,555 | €1,146 | -€409 | -26.3% |
| Suppliers | 440/4 | €1,555 | €1,146 | -€409 | -26.3% |
| Taxes, remuneration and social security | 45 | €25,810 | €10,997 | -€14,813 | -57.4% |
| Taxes | 450/3 | €25,810 | €10,997 | -€14,813 | -57.4% |
| Other amounts payable | 47/48 | €133,701 | €160,082 | +€26,381 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,252 | €20,910 | +€658 | +3.2% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Non-recurring operating charges | 66A | €289 | - | -€289 | |
| Gross operating margin | 9900 | €162,055 | €208,417 | +€46,363 | +28.6% |
| Operating profit (loss) | 9901 | €140,989 | €186,976 | +€45,987 | +32.6% |
| Financial income | 75/76B | €16,677 | €7,491 | -€9,186 | -55.1% |
| Recurring financial income | 75 | €4,007 | €7,491 | +€3,484 | +86.9% |
| Non-recurring financial income | 76B | €12,670 | - | -€12,670 | |
| Financial charges | 65/66B | €2,698 | €2,537 | -€161 | -6.0% |
| Recurring financial charges | 65 | €2,698 | €2,537 | -€161 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €154,967 | €191,930 | +€36,962 | +23.9% |
| Income taxes | 67/77 | €33,703 | €44,594 | +€10,892 | +32.3% |
| Profit (loss) for the period | 9904 | €121,265 | €147,336 | +€26,071 | +21.5% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,165 | €147,336 | +€68,171 | +86.1% |
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 9 October 2026 via checked.be.