Vormvast: 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.
Vormvast
Largest movements
- Cash +€29,914
up €29,914 (+108.4%), from €27,606 to €57,520
mainly Net result for the year (+€38,305) and Tax, wage and social debts (+€10,139)
- Receivables within one year -€7,527
down €7,527 (-42.2%), from €17,845 to €10,318
of which Trade receivables: -€7,543
- Tangible fixed assets +€5,727
up €5,727 (+48.1%), from €11,918 to €17,645
of which Furniture and vehicles: +€6,573
- Reserves +€22,310
up €22,310 (+68.1%), from €32,739 to €55,048
- Profit (loss) carried forward +€15,996
up €15,996, from -€15,996 to €0
- Other debts -€13,793
down €13,793 (-99.0%), from €13,937 to €144
- Tax, wage and social debts +€10,139
up €10,139 (+116.9%), from €8,673 to €18,812
- Trade debts -€6,216
down €6,216 (-84.4%), from €7,361 to €1,145
- Gross operating margin +€87,000
up €87,000, from -€33,129 to €53,871
- Taxes +€9,689
up €9,689, from €0 to €9,689
- Write-downs -€1,260
down €1,260 (-100.0%), from €1,260 to €0
- Depreciation +€579
up €579 (+14.7%), from €3,948 to €4,527
- Financial income -€568
down €568 (-98.3%), from €578 to €10
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 | €65,314 | €93,843 | +€28,529 | +43.7% |
| Fixed assets | 21/28 | €11,918 | €17,645 | +€5,727 | +48.1% |
| Tangible fixed assets | 22/27 | €11,918 | €17,645 | +€5,727 | +48.1% |
| Plant, machinery and equipment | 23 | €946 | €656 | -€290 | -30.6% |
| Furniture and vehicles | 24 | €7,875 | €14,449 | +€6,573 | +83.5% |
| Other tangible fixed assets | 26 | €3,097 | €2,540 | -€557 | -18.0% |
| Current assets | 29/58 | €53,396 | €76,198 | +€22,802 | +42.7% |
| Amounts receivable within one year | 40/41 | €17,845 | €10,318 | -€7,527 | -42.2% |
| Trade receivables | 40 | €17,580 | €10,037 | -€7,543 | -42.9% |
| Other amounts receivable | 41 | €265 | €281 | +€17 | +6.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,606 | €57,520 | +€29,914 | +108.4% |
| Deferred charges and accrued income | 490/1 | €7,946 | €8,360 | +€414 | +5.2% |
| Total equity and liabilities | 10/49 | €65,314 | €93,843 | +€28,529 | +43.7% |
| Equity | 10/15 | €35,343 | €73,648 | +€38,305 | +108.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,739 | €55,048 | +€22,310 | +68.1% |
| Distributable reserves | 133 | €32,739 | €55,048 | +€22,310 | +68.1% |
| Profit (loss) carried forward | 14 | -€15,996 | €0 | +€15,996 | |
| Amounts payable | 17/49 | €29,971 | €20,195 | -€9,777 | -32.6% |
| Amounts payable within one year | 42/48 | €29,971 | €20,195 | -€9,777 | -32.6% |
| Financial debts | 43 | - | €95 | +€95 | |
| Credit institutions | 430/8 | - | €95 | +€95 | |
| Trade debts | 44 | €7,361 | €1,145 | -€6,216 | -84.4% |
| Suppliers | 440/4 | €7,361 | €1,145 | -€6,216 | -84.4% |
| Taxes, remuneration and social security | 45 | €8,673 | €18,812 | +€10,139 | +116.9% |
| Taxes | 450/3 | €8,673 | €18,812 | +€10,139 | +116.9% |
| Other amounts payable | 47/48 | €13,937 | €144 | -€13,793 | -99.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,948 | €4,527 | +€579 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,260 | €0 | -€1,260 | -100.0% |
| Other operating charges | 640/8 | €1,307 | €1,051 | -€256 | -19.6% |
| Gross operating margin | 9900 | -€33,129 | €53,871 | +€87,000 | |
| Operating profit (loss) | 9901 | -€39,644 | €48,293 | +€87,937 | |
| Financial income | 75/76B | €578 | €10 | -€568 | -98.3% |
| Recurring financial income | 75 | €578 | €10 | -€568 | -98.3% |
| Financial charges | 65/66B | €235 | €309 | +€74 | +31.3% |
| Recurring financial charges | 65 | €235 | €309 | +€74 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,302 | €47,994 | +€87,296 | |
| Income taxes | 67/77 | €0 | €9,689 | +€9,689 | |
| Profit (loss) for the period | 9904 | -€39,302 | €38,305 | +€77,607 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,302 | €38,305 | +€77,607 |
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 5 October 2026 via checked.be.