VUSLAT: 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.
VUSLAT
Largest movements
- Tangible fixed assets +€27,024
up €27,024 (+115%), from €23,467 to €50,491
of which Furniture and vehicles: +€23,489
- Receivables within one year +€2,583
up €2,583 (+233%), from €1,108 to €3,691
of which Trade receivables: +€3,691
- Cash +€837
new in 2025: €837
mainly Other debts (+€19,326) and Tax, wage and social debts (+€14,335)
- Other debts +€19,326
up €19,326 (+81.1%), from €23,839 to €43,165
- Tax, wage and social debts +€14,335
new in 2025: €14,335
of which Remuneration and social security: +€11,339
- Profit (loss) carried forward -€11,647
down €11,647 (-302%), from -€3,861 to -€15,508
- Trade debts +€3,631
up €3,631 (+75.5%), from €4,810 to €8,442
- Advances received +€2,585
new in 2025: €2,585
- Gross operating margin +€39,938
up €39,938, from -€3,618 to €36,319
- Staff costs +€37,724
new in 2025: €37,724
- Depreciation +€11,922
up €11,922 (+4,907%), from €243 to €12,165
- Financial income +€1,923
new in 2025: €1,923
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 | €24,788 | €55,019 | +€30,231 | +122% |
| Fixed assets | 21/28 | €23,467 | €50,491 | +€27,024 | +115% |
| Tangible fixed assets | 22/27 | €23,467 | €50,491 | +€27,024 | +115% |
| Furniture and vehicles | 24 | €3,707 | €27,196 | +€23,489 | +634% |
| Other tangible fixed assets | 26 | €19,760 | €23,295 | +€3,535 | +17.9% |
| Current assets | 29/58 | €1,321 | €4,528 | +€3,207 | +243% |
| Amounts receivable within one year | 40/41 | €1,108 | €3,691 | +€2,583 | +233% |
| Trade receivables | 40 | - | €3,691 | +€3,691 | |
| Other amounts receivable | 41 | €1,108 | - | -€1,108 | |
| Cash at bank and in hand | 54/58 | - | €837 | +€837 | |
| Deferred charges and accrued income | 490/1 | €212 | - | -€212 | |
| Total equity and liabilities | 10/49 | €24,788 | €55,019 | +€30,231 | +122% |
| Equity | 10/15 | -€3,861 | -€13,508 | -€9,647 | -250% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€3,861 | -€15,508 | -€11,647 | -302% |
| Amounts payable | 17/49 | €28,649 | €68,527 | +€39,878 | +139% |
| Amounts payable within one year | 42/48 | €28,649 | €68,527 | +€39,878 | +139% |
| Trade debts | 44 | €4,810 | €8,442 | +€3,631 | +75.5% |
| Suppliers | 440/4 | €4,810 | €8,442 | +€3,631 | +75.5% |
| Advances received on contracts in progress | 46 | - | €2,585 | +€2,585 | |
| Taxes, remuneration and social security | 45 | - | €14,335 | +€14,335 | |
| Taxes | 450/3 | - | €2,996 | +€2,996 | |
| Remuneration and social security | 454/9 | - | €11,339 | +€11,339 | |
| Other amounts payable | 47/48 | €23,839 | €43,165 | +€19,326 | +81.1% |
| Remuneration, social security and pensions | 62 | - | €37,724 | +€37,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | €12,165 | +€11,922 | +4,907% |
| Gross operating margin | 9900 | -€3,618 | €36,319 | +€39,938 | |
| Operating profit (loss) | 9901 | -€3,861 | -€13,570 | -€9,709 | -251% |
| Financial income | 75/76B | - | €1,923 | +€1,923 | |
| Recurring financial income | 75 | - | €1,923 | +€1,923 | |
| Profit (loss) for the period before taxes | 9903 | -€3,861 | -€11,647 | -€7,786 | -202% |
| Profit (loss) for the period | 9904 | -€3,861 | -€11,647 | -€7,786 | -202% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,861 | -€11,647 | -€7,786 | -202% |
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 16 October 2026 via checked.be.