V-CUBES BY VEGGIEBEL: 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.
V-CUBES BY VEGGIEBEL
Largest movements
- Receivables within one year +€153,178
up €153,178 (+342%), from €44,771 to €197,949
of which Trade receivables: +€150,807
- Tangible fixed assets -€3,520
down €3,520 (-24.0%), from €14,639 to €11,119
- Profit (loss) carried forward +€71,038
up €71,038, from -€71,038 to €0
- Reserves +€64,134
new in 2025: €64,134
- Other debts +€43,958
up €43,958 (+199%), from €22,129 to €66,087
- Trade debts -€33,763
down €33,763 (-41.6%), from €81,136 to €47,373
- Tax, wage and social debts +€17,509
up €17,509 (+11,315%), from €155 to €17,664
- Gross operating margin +€188,332
up €188,332, from -€29,352 to €158,981
- Taxes +€17,448
up €17,448 (+16,198%), from €108 to €17,556
- Other operating charges -€2,947
down €2,947 (-89.0%), from €3,310 to €363
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 | €59,516 | €210,727 | +€151,211 | +254% |
| Fixed assets | 21/28 | €14,639 | €11,119 | -€3,520 | -24.0% |
| Tangible fixed assets | 22/27 | €14,639 | €11,119 | -€3,520 | -24.0% |
| Furniture and vehicles | 24 | €14,639 | €11,119 | -€3,520 | -24.0% |
| Current assets | 29/58 | €44,876 | €199,607 | +€154,731 | +345% |
| Amounts receivable within one year | 40/41 | €44,771 | €197,949 | +€153,178 | +342% |
| Trade receivables | 40 | €41,569 | €192,376 | +€150,807 | +363% |
| Other amounts receivable | 41 | €3,202 | €5,573 | +€2,371 | +74.0% |
| Cash at bank and in hand | 54/58 | €0 | €7 | +€7 | |
| Deferred charges and accrued income | 490/1 | €105 | €1,651 | +€1,546 | +1,471% |
| Total equity and liabilities | 10/49 | €59,516 | €210,727 | +€151,211 | +254% |
| Equity | 10/15 | -€66,038 | €69,134 | +€135,172 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €64,134 | +€64,134 | |
| Distributable reserves | 133 | - | €64,134 | +€64,134 | |
| Profit (loss) carried forward | 14 | -€71,038 | €0 | +€71,038 | |
| Amounts payable | 17/49 | €125,554 | €141,593 | +€16,039 | +12.8% |
| Amounts payable after more than one year | 17 | €9,880 | €5,426 | -€4,454 | -45.1% |
| Financial debts | 170/4 | €9,880 | €5,426 | -€4,454 | -45.1% |
| Amounts payable within one year | 42/48 | €114,059 | €135,770 | +€21,710 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €4,281 | €4,454 | +€174 | +4.1% |
| Financial debts | 43 | €3,394 | €191 | -€3,203 | -94.4% |
| Credit institutions | 430/8 | €0 | €191 | +€191 | |
| Other loans | 439 | €3,394 | €0 | -€3,394 | -100% |
| Trade debts | 44 | €81,136 | €47,373 | -€33,763 | -41.6% |
| Suppliers | 440/4 | €81,136 | €47,373 | -€33,763 | -41.6% |
| Advances received on contracts in progress | 46 | €2,965 | €0 | -€2,965 | -100% |
| Taxes, remuneration and social security | 45 | €155 | €17,664 | +€17,509 | +11,315% |
| Taxes | 450/3 | €155 | €17,664 | +€17,509 | +11,315% |
| Other amounts payable | 47/48 | €22,129 | €66,087 | +€43,958 | +199% |
| Accrued charges and deferred income | 492/3 | €1,614 | €397 | -€1,217 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,961 | €3,520 | +€559 | +18.9% |
| Other operating charges | 640/8 | €3,310 | €363 | -€2,947 | -89.0% |
| Gross operating margin | 9900 | -€29,352 | €158,981 | +€188,332 | |
| Operating profit (loss) | 9901 | -€35,623 | €155,097 | +€190,720 | |
| Financial income | 75/76B | €14 | €57 | +€43 | +302% |
| Recurring financial income | 75 | €14 | €57 | +€43 | +302% |
| Financial charges | 65/66B | €2,936 | €2,426 | -€510 | -17.4% |
| Recurring financial charges | 65 | €2,936 | €2,426 | -€510 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,545 | €152,728 | +€191,273 | |
| Income taxes | 67/77 | €108 | €17,556 | +€17,448 | +16,198% |
| Profit (loss) for the period | 9904 | -€38,652 | €135,172 | +€173,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,652 | €135,172 | +€173,825 |
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 29 October 2026 via checked.be.