VSA Chauffage: 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.
VSA Chauffage
Largest movements
- Tangible fixed assets -€7,906
down €7,906 (-20.9%), from €37,876 to €29,971
of which Furniture and vehicles: -€8,954
- Deferred charges and accrued income -€5,847
down €5,847 (-93.4%), from €6,258 to €411
- Receivables within one year +€2,972
up €2,972 (+53.5%), from €5,556 to €8,528
of which Trade receivables: +€5,514
- Cash +€1,729
up €1,729 (+4.6%), from €37,609 to €39,339
mainly Net result for the year (+€15,825) and Depreciation (+€9,535)
- Other debts -€18,906
down €18,906 (-59.7%), from €31,683 to €12,777
- Reserves +€10,000
up €10,000 (+538%), from €1,860 to €11,860
- Profit (loss) carried forward -€8,461
down €8,461 (-20.5%), from €41,350 to €32,889
- Debts after one year +€8,000
new in 2025: €8,000
- Current portion of long-term debt +€6,000
new in 2025: €6,000
- Depreciation +€1,614
up €1,614 (+20.4%), from €7,921 to €9,535
- Gross operating margin +€721
up €721 (+2.5%), from €28,504 to €29,225
- Financial income -€466
down €466 (-18.6%), from €2,504 to €2,038
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 | €92,133 | €83,860 | -€8,274 | -9.0% |
| Fixed assets | 21/28 | €37,876 | €29,971 | -€7,906 | -20.9% |
| Tangible fixed assets | 22/27 | €37,876 | €29,971 | -€7,906 | -20.9% |
| Plant, machinery and equipment | 23 | €1,169 | €2,217 | +€1,048 | +89.7% |
| Furniture and vehicles | 24 | €36,707 | €27,754 | -€8,954 | -24.4% |
| Current assets | 29/58 | €54,257 | €53,889 | -€368 | -0.7% |
| Stocks and contracts in progress | 3 | €4,833 | €5,611 | +€778 | +16.1% |
| Stocks | 30/36 | €4,833 | €5,611 | +€778 | +16.1% |
| Amounts receivable within one year | 40/41 | €5,556 | €8,528 | +€2,972 | +53.5% |
| Trade receivables | 40 | €966 | €6,480 | +€5,514 | +571% |
| Other amounts receivable | 41 | €4,590 | €2,048 | -€2,542 | -55.4% |
| Cash at bank and in hand | 54/58 | €37,609 | €39,339 | +€1,729 | +4.6% |
| Deferred charges and accrued income | 490/1 | €6,258 | €411 | -€5,847 | -93.4% |
| Total equity and liabilities | 10/49 | €92,133 | €83,860 | -€8,274 | -9.0% |
| Equity | 10/15 | €49,410 | €50,949 | +€1,539 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,860 | +€10,000 | +538% |
| Distributable reserves | 133 | €1,860 | €11,860 | +€10,000 | +538% |
| Profit (loss) carried forward | 14 | €41,350 | €32,889 | -€8,461 | -20.5% |
| Amounts payable | 17/49 | €42,724 | €32,911 | -€9,813 | -23.0% |
| Amounts payable after more than one year | 17 | - | €8,000 | +€8,000 | |
| Financial debts | 170/4 | - | €8,000 | +€8,000 | |
| Amounts payable within one year | 42/48 | €42,724 | €24,491 | -€18,233 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €3,440 | €1,428 | -€2,011 | -58.5% |
| Suppliers | 440/4 | €3,440 | €1,428 | -€2,011 | -58.5% |
| Taxes, remuneration and social security | 45 | €7,601 | €4,286 | -€3,315 | -43.6% |
| Taxes | 450/3 | €7,601 | €4,286 | -€3,315 | -43.6% |
| Other amounts payable | 47/48 | €31,683 | €12,777 | -€18,906 | -59.7% |
| Accrued charges and deferred income | 492/3 | - | €420 | +€420 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €74 | €152 | +€78 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,921 | €9,535 | +€1,614 | +20.4% |
| Other operating charges | 640/8 | €360 | €420 | +€60 | +16.6% |
| Gross operating margin | 9900 | €28,504 | €29,225 | +€721 | +2.5% |
| Operating profit (loss) | 9901 | €20,149 | €19,119 | -€1,030 | -5.1% |
| Financial income | 75/76B | €2,504 | €2,038 | -€466 | -18.6% |
| Recurring financial income | 75 | €2,504 | €2,038 | -€466 | -18.6% |
| Financial charges | 65/66B | €175 | €147 | -€27 | -15.5% |
| Recurring financial charges | 65 | €175 | €147 | -€27 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €22,479 | €21,010 | -€1,469 | -6.5% |
| Income taxes | 67/77 | €5,315 | €5,185 | -€130 | -2.5% |
| Profit (loss) for the period | 9904 | €17,164 | €15,825 | -€1,339 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,164 | €15,825 | -€1,339 | -7.8% |
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 27 October 2026 via checked.be.