V.E. INVEST: 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.E. INVEST
Largest movements
- Receivables within one year +€3,000
up €3,000 (+128%), from €2,336 to €5,336
of which Other amounts receivable: +€3,000
- Cash -€2,386
down €2,386 (-2.4%), from €100,839 to €98,453
mainly Net result for the year (-€6,679) and Receivables within one year (-€3,000)
- Tangible fixed assets -€1,595
down €1,595 (-4.2%), from €37,794 to €36,200
of which Other tangible fixed assets: -€1,595
- Profit (loss) carried forward -€6,679
down €6,679 (-5.9%), from €112,358 to €105,679
- Tax, wage and social debts +€5,904
up €5,904 (+137%), from €4,296 to €10,200
of which Remuneration and social security: +€10,200
- Gross operating margin -€19,509
down €19,509, from €16,751 to -€2,759
- Taxes -€4,296
no longer reported in 2025 (was €4,296)
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 | €140,969 | €139,989 | -€980 | -0.7% |
| Fixed assets | 21/28 | €37,794 | €36,200 | -€1,595 | -4.2% |
| Tangible fixed assets | 22/27 | €37,794 | €36,200 | -€1,595 | -4.2% |
| Land and buildings | 22 | €34,605 | €34,605 | = | 0.0% |
| Other tangible fixed assets | 26 | €3,189 | €1,595 | -€1,595 | -50.0% |
| Current assets | 29/58 | €103,175 | €103,789 | +€614 | +0.6% |
| Amounts receivable within one year | 40/41 | €2,336 | €5,336 | +€3,000 | +128% |
| Trade receivables | 40 | €2,336 | €2,336 | = | 0.0% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €100,839 | €98,453 | -€2,386 | -2.4% |
| Total equity and liabilities | 10/49 | €140,969 | €139,989 | -€980 | -0.7% |
| Equity | 10/15 | €136,468 | €129,789 | -€6,679 | -4.9% |
| Contributions | 10/11 | €13,750 | €13,750 | = | 0.0% |
| Reserves | 13 | €10,360 | €10,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,358 | €105,679 | -€6,679 | -5.9% |
| Amounts payable | 17/49 | €4,501 | €10,200 | +€5,699 | +127% |
| Amounts payable within one year | 42/48 | €4,501 | €10,200 | +€5,699 | +127% |
| Trade debts | 44 | €206 | - | -€206 | |
| Suppliers | 440/4 | €206 | - | -€206 | |
| Taxes, remuneration and social security | 45 | €4,296 | €10,200 | +€5,904 | +137% |
| Taxes | 450/3 | €4,296 | - | -€4,296 | |
| Remuneration and social security | 454/9 | - | €10,200 | +€10,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €1,595 | = | 0.0% |
| Other operating charges | 640/8 | €2,220 | €2,297 | +€77 | +3.5% |
| Gross operating margin | 9900 | €16,751 | -€2,759 | -€19,509 | |
| Operating profit (loss) | 9901 | €12,936 | -€6,650 | -€19,586 | |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €12,912 | -€6,679 | -€19,590 | |
| Income taxes | 67/77 | €4,296 | - | -€4,296 | |
| Profit (loss) for the period | 9904 | €8,616 | -€6,679 | -€15,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,616 | -€6,679 | -€15,295 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.