VASCO INTERIEUR: 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.
VASCO INTERIEUR
Largest movements
- Cash -€129,286
down €129,286 (-58.9%), from €219,379 to €90,093
mainly Other debts (-€133,274) and Trade debts (-€92,420)
- Stocks and contracts +€70,767
up €70,767 (+8.8%), from €806,215 to €876,982
- Receivables within one year -€23,429
down €23,429 (-24.3%), from €96,338 to €72,909
of which Trade receivables: -€44,636
- Tangible fixed assets -€22,851
down €22,851 (-21.0%), from €108,693 to €85,842
of which Furniture and vehicles: -€26,748
- Profit (loss) carried forward +€172,759
up €172,759 (+77.3%), from €223,531 to €396,290
- Other debts -€133,274
down €133,274 (-43.1%), from €309,141 to €175,868
- Trade debts -€92,420
down €92,420 (-33.4%), from €277,038 to €184,618
- Current portion of long-term debt -€58,711
down €58,711 (-83.7%), from €70,186 to €11,475
- Tax, wage and social debts +€15,523
up €15,523 (+17.6%), from €88,423 to €103,946
of which Taxes: +€28,394
- Turnover -€2.5m
no longer reported in 2025 (was €2.5m)
- Purchases and services -€2.1m
no longer reported in 2025 (was €2.1m)
- Gross operating margin +€212,261
up €212,261 (+51.9%), from €409,273 to €621,534
- Staff costs +€119,001
up €119,001 (+60.6%), from €196,254 to €315,255
- Financial income -€43,118
down €43,118 (-88.9%), from €48,489 to €5,371
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 | €1,242,188 | €1,134,197 | -€107,991 | -8.7% |
| Fixed assets | 21/28 | €108,743 | €85,892 | -€22,851 | -21.0% |
| Tangible fixed assets | 22/27 | €108,693 | €85,842 | -€22,851 | -21.0% |
| Plant, machinery and equipment | 23 | €23,324 | €17,997 | -€5,327 | -22.8% |
| Furniture and vehicles | 24 | €85,369 | €58,621 | -€26,748 | -31.3% |
| Other tangible fixed assets | 26 | - | €9,225 | +€9,225 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,133,445 | €1,048,305 | -€85,140 | -7.5% |
| Stocks and contracts in progress | 3 | €806,215 | €876,982 | +€70,767 | +8.8% |
| Stocks | 30/36 | €806,215 | €876,982 | +€70,767 | +8.8% |
| Amounts receivable within one year | 40/41 | €96,338 | €72,909 | -€23,429 | -24.3% |
| Trade receivables | 40 | €86,104 | €41,467 | -€44,636 | -51.8% |
| Other amounts receivable | 41 | €10,235 | €31,442 | +€21,207 | +207.2% |
| Cash at bank and in hand | 54/58 | €219,379 | €90,093 | -€129,286 | -58.9% |
| Deferred charges and accrued income | 490/1 | €11,513 | €8,320 | -€3,192 | -27.7% |
| Total equity and liabilities | 10/49 | €1,242,188 | €1,134,197 | -€107,991 | -8.7% |
| Equity | 10/15 | €485,531 | €658,290 | +€172,759 | +35.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €242,000 | €242,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €240,000 | €240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,531 | €396,290 | +€172,759 | +77.3% |
| Amounts payable | 17/49 | €756,657 | €475,907 | -€280,750 | -37.1% |
| Amounts payable after more than one year | 17 | €6,904 | - | -€6,904 | |
| Financial debts | 170/4 | €6,904 | - | -€6,904 | |
| Amounts payable within one year | 42/48 | €744,788 | €475,907 | -€268,881 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €70,186 | €11,475 | -€58,711 | -83.7% |
| Trade debts | 44 | €277,038 | €184,618 | -€92,420 | -33.4% |
| Suppliers | 440/4 | €277,038 | €184,618 | -€92,420 | -33.4% |
| Taxes, remuneration and social security | 45 | €88,423 | €103,946 | +€15,523 | +17.6% |
| Taxes | 450/3 | €62,576 | €90,970 | +€28,394 | +45.4% |
| Remuneration and social security | 454/9 | €25,846 | €12,976 | -€12,871 | -49.8% |
| Other amounts payable | 47/48 | €309,141 | €175,868 | -€133,274 | -43.1% |
| Accrued charges and deferred income | 492/3 | €4,965 | - | -€4,965 | |
| Turnover | 70 | €2,507,432 | - | -€2.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,113,537 | - | -€2.1m | |
| Remuneration, social security and pensions | 62 | €196,254 | €315,255 | +€119,001 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,156 | €32,368 | -€1,788 | -5.2% |
| Other operating charges | 640/8 | €31,870 | €27,958 | -€3,911 | -12.3% |
| Gross operating margin | 9900 | €409,273 | €621,534 | +€212,261 | +51.9% |
| Operating profit (loss) | 9901 | €146,993 | €245,953 | +€98,960 | +67.3% |
| Financial income | 75/76B | €48,489 | €5,371 | -€43,118 | -88.9% |
| Recurring financial income | 75 | €48,489 | €5,371 | -€43,118 | -88.9% |
| Financial charges | 65/66B | €23,511 | €17,526 | -€5,985 | -25.5% |
| Recurring financial charges | 65 | €23,511 | €17,526 | -€5,985 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €171,972 | €233,798 | +€61,826 | +36.0% |
| Income taxes | 67/77 | €59,766 | €61,039 | +€1,273 | +2.1% |
| Profit (loss) for the period | 9904 | €112,206 | €172,759 | +€60,553 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €112,206 | €172,759 | +€60,553 | +54.0% |
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 2 October 2026 via checked.be.