VYACAS: 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.
VYACAS
Largest movements
- Receivables within one year +€105,058
up €105,058 (+243%), from €43,164 to €148,222
of which Trade receivables: +€88,768
- Receivables after one year +€27,000
new in 2025: €27,000
- Tangible fixed assets +€12,402
up €12,402 (+2.8%), from €438,390 to €450,792
of which Furniture and vehicles: +€24,011
- Cash -€6,464
down €6,464 (-27.6%), from €23,432 to €16,968
mainly Receivables within one year (-€105,058) and Other debts (-€39,427)
- Trade debts +€101,857
up €101,857 (+269%), from €37,916 to €139,774
- Other debts -€39,427
no longer reported in 2025 (was €39,427)
- Profit (loss) carried forward +€32,636
up €32,636 (+50.4%), from €64,694 to €97,330
- Tax, wage and social debts +€19,659
up €19,659 (+124%), from €15,865 to €35,524
of which Taxes: +€11,215
- Debts after one year +€15,972
up €15,972 (+5.3%), from €300,150 to €316,123
- Staff costs +€76,331
new in 2025: €76,331
- Gross operating margin +€69,035
up €69,035 (+76.8%), from €89,853 to €158,889
- Depreciation +€7,530
up €7,530 (+57.8%), from €13,020 to €20,549
- Taxes -€2,263
down €2,263 (-17.6%), from €12,861 to €10,598
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 | €504,986 | €644,217 | +€139,231 | +27.6% |
| Fixed assets | 21/28 | €438,390 | €450,792 | +€12,402 | +2.8% |
| Tangible fixed assets | 22/27 | €438,390 | €450,792 | +€12,402 | +2.8% |
| Land and buildings | 22 | €419,926 | €407,821 | -€12,104 | -2.9% |
| Plant, machinery and equipment | 23 | €240 | €734 | +€494 | +206% |
| Furniture and vehicles | 24 | €18,225 | €42,236 | +€24,011 | +132% |
| Current assets | 29/58 | €66,596 | €193,426 | +€126,830 | +190% |
| Amounts receivable after more than one year | 29 | - | €27,000 | +€27,000 | |
| Other amounts receivable | 291 | - | €27,000 | +€27,000 | |
| Amounts receivable within one year | 40/41 | €43,164 | €148,222 | +€105,058 | +243% |
| Trade receivables | 40 | €43,164 | €131,932 | +€88,768 | +206% |
| Other amounts receivable | 41 | - | €16,290 | +€16,290 | |
| Cash at bank and in hand | 54/58 | €23,432 | €16,968 | -€6,464 | -27.6% |
| Deferred charges and accrued income | 490/1 | - | €1,235 | +€1,235 | |
| Total equity and liabilities | 10/49 | €504,986 | €644,217 | +€139,231 | +27.6% |
| Equity | 10/15 | €67,694 | €100,330 | +€32,636 | +48.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,694 | €97,330 | +€32,636 | +50.4% |
| Amounts payable | 17/49 | €437,292 | €543,887 | +€106,595 | +24.4% |
| Amounts payable after more than one year | 17 | €300,150 | €316,123 | +€15,972 | +5.3% |
| Financial debts | 170/4 | €300,150 | €316,123 | +€15,972 | +5.3% |
| Amounts payable within one year | 42/48 | €137,142 | €227,765 | +€90,623 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €43,933 | €52,467 | +€8,534 | +19.4% |
| Trade debts | 44 | €37,916 | €139,774 | +€101,857 | +269% |
| Suppliers | 440/4 | €37,916 | €139,774 | +€101,857 | +269% |
| Taxes, remuneration and social security | 45 | €15,865 | €35,524 | +€19,659 | +124% |
| Taxes | 450/3 | €15,865 | €27,080 | +€11,215 | +70.7% |
| Remuneration and social security | 454/9 | - | €8,444 | +€8,444 | |
| Other amounts payable | 47/48 | €39,427 | - | -€39,427 | |
| Non-recurring operating income | 76A | €1,214 | - | -€1,214 | |
| Remuneration, social security and pensions | 62 | - | €76,331 | +€76,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,020 | €20,549 | +€7,530 | +57.8% |
| Other operating charges | 640/8 | €1,734 | €3,122 | +€1,388 | +80.0% |
| Gross operating margin | 9900 | €89,853 | €158,889 | +€69,035 | +76.8% |
| Operating profit (loss) | 9901 | €75,099 | €58,886 | -€16,213 | -21.6% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €16,237 | €15,652 | -€585 | -3.6% |
| Recurring financial charges | 65 | €16,237 | €15,652 | -€585 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €58,896 | €43,234 | -€15,662 | -26.6% |
| Income taxes | 67/77 | €12,861 | €10,598 | -€2,263 | -17.6% |
| Profit (loss) for the period | 9904 | €46,035 | €32,636 | -€13,399 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,035 | €32,636 | -€13,399 | -29.1% |
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 19 October 2026 via checked.be.