Vucastar: 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.
Vucastar
Largest movements
- Cash -€19,122
down €19,122 (-10.0%), from €190,832 to €171,709
mainly Investment in fixed assets (net) (-€19,000) and Receivables within one year (-€17,482)
- Receivables within one year +€17,482
up €17,482 (+20.5%), from €85,422 to €102,905
of which Other amounts receivable: +€25,022
- Current investments +€16,000
up €16,000 (+16.0%), from €100,000 to €116,000
- Tangible fixed assets -€8,165
down €8,165 (-12.2%), from €66,656 to €58,491
of which Furniture and vehicles: -€13,078
- Reserves +€9,200
up €9,200 (+2.2%), from €417,000 to €426,200
- Gross operating margin -€68,372
down €68,372 (-65.1%), from €105,036 to €36,664
- Taxes -€20,680
down €20,680 (-76.1%), from €27,158 to €6,479
- Depreciation +€7,078
up €7,078 (+33.2%), from €21,321 to €28,399
- Financial income -€3,324
down €3,324 (-31.5%), from €10,540 to €7,215
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 | €450,799 | €456,622 | +€5,823 | +1.3% |
| Fixed assets | 21/28 | €68,514 | €59,116 | -€9,399 | -13.7% |
| Intangible fixed assets | 21 | €1,858 | €625 | -€1,233 | -66.4% |
| Tangible fixed assets | 22/27 | €66,656 | €58,491 | -€8,165 | -12.2% |
| Plant, machinery and equipment | 23 | €22,582 | €28,749 | +€6,167 | +27.3% |
| Furniture and vehicles | 24 | €40,163 | €27,085 | -€13,078 | -32.6% |
| Other tangible fixed assets | 26 | €3,911 | €2,657 | -€1,254 | -32.1% |
| Current assets | 29/58 | €382,284 | €397,506 | +€15,221 | +4.0% |
| Stocks and contracts in progress | 3 | €853 | €237 | -€616 | -72.2% |
| Stocks | 30/36 | €853 | €237 | -€616 | -72.2% |
| Amounts receivable within one year | 40/41 | €85,422 | €102,905 | +€17,482 | +20.5% |
| Trade receivables | 40 | €11,042 | €3,502 | -€7,540 | -68.3% |
| Other amounts receivable | 41 | €74,381 | €99,403 | +€25,022 | +33.6% |
| Current investments | 50/53 | €100,000 | €116,000 | +€16,000 | +16.0% |
| Cash at bank and in hand | 54/58 | €190,832 | €171,709 | -€19,122 | -10.0% |
| Deferred charges and accrued income | 490/1 | €5,177 | €6,655 | +€1,478 | +28.6% |
| Total equity and liabilities | 10/49 | €450,799 | €456,622 | +€5,823 | +1.3% |
| Equity | 10/15 | €439,283 | €446,244 | +€6,961 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €417,000 | €426,200 | +€9,200 | +2.2% |
| Distributable reserves | 133 | €417,000 | €426,200 | +€9,200 | +2.2% |
| Profit (loss) carried forward | 14 | €2,283 | €44 | -€2,239 | -98.1% |
| Amounts payable | 17/49 | €11,515 | €10,377 | -€1,138 | -9.9% |
| Amounts payable within one year | 42/48 | €11,515 | €10,377 | -€1,138 | -9.9% |
| Trade debts | 44 | €5,015 | €3,877 | -€1,138 | -22.7% |
| Suppliers | 440/4 | €5,015 | €3,877 | -€1,138 | -22.7% |
| Taxes, remuneration and social security | 45 | €6,500 | €6,500 | = | 0.0% |
| Taxes | 450/3 | €6,500 | €6,500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,321 | €28,399 | +€7,078 | +33.2% |
| Other operating charges | 640/8 | €1,691 | €1,584 | -€107 | -6.3% |
| Gross operating margin | 9900 | €105,036 | €36,664 | -€68,372 | -65.1% |
| Operating profit (loss) | 9901 | €82,024 | €6,681 | -€75,343 | -91.9% |
| Financial income | 75/76B | €10,540 | €7,215 | -€3,324 | -31.5% |
| Recurring financial income | 75 | €10,540 | €7,215 | -€3,324 | -31.5% |
| Financial charges | 65/66B | €332 | €457 | +€125 | +37.5% |
| Recurring financial charges | 65 | €332 | €457 | +€125 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €92,232 | €13,440 | -€78,792 | -85.4% |
| Income taxes | 67/77 | €27,158 | €6,479 | -€20,680 | -76.1% |
| Profit (loss) for the period | 9904 | €65,073 | €6,961 | -€58,112 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,073 | €6,961 | -€58,112 | -89.3% |
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 6 October 2026 via checked.be.