Vuch-e: 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.
Vuch-e
Largest movements
- Cash -€2,914
down €2,914 (-14.3%), from €20,449 to €17,534
mainly Tax, wage and social debts (-€3,463) and Net result for the year (-€1,804)
- Tangible fixed assets -€1,602
down €1,602 (-42.9%), from €3,731 to €2,128
- Receivables within one year -€750
down €750 (-81.1%), from €925 to €175
of which Trade receivables: -€925
- Tax, wage and social debts -€3,463
down €3,463 (-100.0%), from €3,463 to €0
- Reserves -€1,804
down €1,804 (-9.8%), from €18,319 to €16,515
- Gross operating margin -€12,795
down €12,795 (-97.4%), from €13,136 to €341
- Taxes -€2,251
down €2,251 (-100.0%), from €2,251 to €0
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 | €25,104 | €19,837 | -€5,267 | -21.0% |
| Fixed assets | 21/28 | €3,731 | €2,128 | -€1,602 | -42.9% |
| Tangible fixed assets | 22/27 | €3,731 | €2,128 | -€1,602 | -42.9% |
| Plant, machinery and equipment | 23 | €3,731 | €2,128 | -€1,602 | -42.9% |
| Current assets | 29/58 | €21,374 | €17,709 | -€3,665 | -17.1% |
| Amounts receivable within one year | 40/41 | €925 | €175 | -€750 | -81.1% |
| Trade receivables | 40 | €925 | €0 | -€925 | -100.0% |
| Other amounts receivable | 41 | - | €175 | +€175 | |
| Cash at bank and in hand | 54/58 | €20,449 | €17,534 | -€2,914 | -14.3% |
| Total equity and liabilities | 10/49 | €25,104 | €19,837 | -€5,267 | -21.0% |
| Equity | 10/15 | €21,319 | €19,515 | -€1,804 | -8.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,319 | €16,515 | -€1,804 | -9.8% |
| Distributable reserves | 133 | €18,319 | €16,515 | -€1,804 | -9.8% |
| Amounts payable | 17/49 | €3,785 | €322 | -€3,463 | -91.5% |
| Amounts payable within one year | 42/48 | €3,785 | €322 | -€3,463 | -91.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,463 | €0 | -€3,463 | -100.0% |
| Taxes | 450/3 | €3,463 | €0 | -€3,463 | -100.0% |
| Other amounts payable | 47/48 | €322 | €322 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | €1,602 | = | 0.0% |
| Other operating charges | 640/8 | €448 | €451 | +€3 | +0.7% |
| Gross operating margin | 9900 | €13,136 | €341 | -€12,795 | -97.4% |
| Operating profit (loss) | 9901 | €11,086 | -€1,712 | -€12,798 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €85 | €92 | +€6 | +7.3% |
| Recurring financial charges | 65 | €85 | €92 | +€6 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €11,001 | -€1,804 | -€12,805 | |
| Income taxes | 67/77 | €2,251 | €0 | -€2,251 | -100.0% |
| Profit (loss) for the period | 9904 | €8,750 | -€1,804 | -€10,554 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,750 | -€1,804 | -€10,554 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.