N.V. VEBIM: 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.
N.V. VEBIM
Largest movements
- Stocks and contracts -€246,966
down €246,966 (-20.7%), from €1.2m to €945,448
- Receivables within one year +€170,982
up €170,982 (+261%), from €65,491 to €236,473
of which Trade receivables: +€166,665
- Cash +€110,514
up €110,514 (+330%), from €33,439 to €143,954
mainly Contributions, distributions and other (+€250,000) and Stocks and contracts (+€246,966)
- Tangible fixed assets -€94,524
down €94,524 (-35.5%), from €266,121 to €171,597
of which Other tangible fixed assets: -€111,772
- Deferred charges and accrued income +€21,183
up €21,183 (+607%), from €3,490 to €24,672
- Contributions +€250,000
up €250,000 (+62.5%), from €400,000 to €650,000
- Other debts -€145,000
down €145,000 (-12.3%), from €1.2m to €1.0m
- Profit (loss) carried forward -€89,774
down €89,774 (-14.3%), from -€627,443 to -€717,217
- Debts after one year -€34,224
down €34,224 (-47.4%), from €72,233 to €38,009
- Accrued charges and deferred income +€33,000
new in 2024: €33,000
- Staff costs +€92,777
up €92,777 (+24.6%), from €377,294 to €470,071
- Depreciation -€70,263
down €70,263 (-44.9%), from €156,367 to €86,104
- Gross operating margin -€31,154
down €31,154 (-5.5%), from €562,333 to €531,179
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,561,029 | €1,522,218 | -€38,811 | -2.5% |
| Fixed assets | 21/28 | €266,195 | €171,671 | -€94,524 | -35.5% |
| Tangible fixed assets | 22/27 | €266,121 | €171,597 | -€94,524 | -35.5% |
| Plant, machinery and equipment | 23 | €42,544 | €39,338 | -€3,206 | -7.5% |
| Furniture and vehicles | 24 | €15,947 | €36,400 | +€20,453 | +128% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €207,631 | €95,859 | -€111,772 | -53.8% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,294,834 | €1,350,547 | +€55,714 | +4.3% |
| Stocks and contracts in progress | 3 | €1,192,414 | €945,448 | -€246,966 | -20.7% |
| Stocks | 30/36 | €1,192,414 | €945,448 | -€246,966 | -20.7% |
| Amounts receivable within one year | 40/41 | €65,491 | €236,473 | +€170,982 | +261% |
| Trade receivables | 40 | €57,297 | €223,962 | +€166,665 | +291% |
| Other amounts receivable | 41 | €8,194 | €12,511 | +€4,317 | +52.7% |
| Cash at bank and in hand | 54/58 | €33,439 | €143,954 | +€110,514 | +330% |
| Deferred charges and accrued income | 490/1 | €3,490 | €24,672 | +€21,183 | +607% |
| Total equity and liabilities | 10/49 | €1,561,029 | €1,522,218 | -€38,811 | -2.5% |
| Equity | 10/15 | -€17,106 | €143,120 | +€160,226 | |
| Contributions | 10/11 | €400,000 | €650,000 | +€250,000 | +62.5% |
| Capital | 10 | €400,000 | €650,000 | +€250,000 | +62.5% |
| Issued capital | 100 | €400,000 | €650,000 | +€250,000 | +62.5% |
| Reserves | 13 | €210,337 | €210,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,445 | €6,445 | = | 0.0% |
| Legal reserve | 130 | €6,445 | €6,445 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,750 | €24,750 | = | 0.0% |
| Distributable reserves | 133 | €179,141 | €179,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€627,443 | -€717,217 | -€89,774 | -14.3% |
| Amounts payable | 17/49 | €1,578,135 | €1,379,099 | -€199,036 | -12.6% |
| Amounts payable after more than one year | 17 | €72,233 | €38,009 | -€34,224 | -47.4% |
| Financial debts | 170/4 | €72,233 | €38,009 | -€34,224 | -47.4% |
| Amounts payable within one year | 42/48 | €1,505,902 | €1,308,090 | -€197,812 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €64,032 | -€19,301 | -23.2% |
| Trade debts | 44 | €186,518 | €175,063 | -€11,454 | -6.1% |
| Suppliers | 440/4 | €186,518 | €175,063 | -€11,454 | -6.1% |
| Taxes, remuneration and social security | 45 | €54,179 | €32,122 | -€22,056 | -40.7% |
| Taxes | 450/3 | €8,625 | €7,547 | -€1,078 | -12.5% |
| Remuneration and social security | 454/9 | €45,554 | €24,576 | -€20,978 | -46.1% |
| Other amounts payable | 47/48 | €1,181,872 | €1,036,872 | -€145,000 | -12.3% |
| Accrued charges and deferred income | 492/3 | - | €33,000 | +€33,000 | |
| Non-recurring operating income | 76A | €840 | €0 | -€840 | -100% |
| Remuneration, social security and pensions | 62 | €377,294 | €470,071 | +€92,777 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,367 | €86,104 | -€70,263 | -44.9% |
| Other operating charges | 640/8 | €20,556 | €23,630 | +€3,074 | +15.0% |
| Non-recurring operating charges | 66A | - | €36,865 | +€36,865 | |
| Gross operating margin | 9900 | €562,333 | €531,179 | -€31,154 | -5.5% |
| Operating profit (loss) | 9901 | €8,116 | -€85,491 | -€93,607 | |
| Financial income | 75/76B | €564 | €932 | +€368 | +65.3% |
| Recurring financial income | 75 | €564 | €932 | +€368 | +65.3% |
| Financial charges | 65/66B | €8,680 | €5,216 | -€3,464 | -39.9% |
| Recurring financial charges | 65 | €8,680 | €5,216 | -€3,464 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | - | -€89,774 | -€89,774 | |
| Profit (loss) for the period | 9904 | - | -€89,774 | -€89,774 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€89,774 | -€89,774 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.