V.E.M. - HOUVEGNEZ: 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.M. - HOUVEGNEZ
Largest movements
- Tangible fixed assets -€13,513
down €13,513 (-10.0%), from €134,981 to €121,468
of which Land and buildings: -€13,513
- Receivables within one year +€7,308
up €7,308 (+21.1%), from €34,635 to €41,944
- Profit (loss) carried forward -€8,234
down €8,234 (-8.7%), from -€95,024 to -€103,259
- Trade debts +€2,042
new in 2024: €2,042
- Financial income +€589
up €589 (+42.7%), from €1,379 to €1,968
- Gross operating margin -€199
down €199 (-3.0%), from €6,604 to €6,405
- Other operating charges +€100
up €100 (+3.5%), from €2,841 to €2,941
From the 2023 result to the 2024 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 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 | €170,336 | €164,144 | -€6,192 | -3.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €134,981 | €121,468 | -€13,513 | -10.0% |
| Tangible fixed assets | 22/27 | €134,981 | €121,468 | -€13,513 | -10.0% |
| Land and buildings | 22 | €134,981 | €121,468 | -€13,513 | -10.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €35,355 | €42,676 | +€7,321 | +20.7% |
| Amounts receivable within one year | 40/41 | €34,635 | €41,944 | +€7,308 | +21.1% |
| Other amounts receivable | 41 | €34,635 | €41,944 | +€7,308 | +21.1% |
| Cash at bank and in hand | 54/58 | €394 | €363 | -€31 | -7.9% |
| Deferred charges and accrued income | 490/1 | €326 | €370 | +€44 | +13.6% |
| Total equity and liabilities | 10/49 | €170,336 | €164,144 | -€6,192 | -3.6% |
| Equity | 10/15 | €46,032 | €37,798 | -€8,234 | -17.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €122,507 | €122,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,877 | €4,877 | = | 0.0% |
| Legal reserve | 130 | €4,877 | - | -€4,877 | |
| Reserves not available under the articles | 1311 | - | €4,877 | +€4,877 | |
| Distributable reserves | 133 | €117,630 | €117,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,024 | -€103,259 | -€8,234 | -8.7% |
| Amounts payable | 17/49 | €124,304 | €126,346 | +€2,042 | +1.6% |
| Amounts payable within one year | 42/48 | €124,304 | €126,346 | +€2,042 | +1.6% |
| Trade debts | 44 | - | €2,042 | +€2,042 | |
| Suppliers | 440/4 | - | €2,042 | +€2,042 | |
| Other amounts payable | 47/48 | €124,304 | €124,304 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,513 | €13,513 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,841 | €2,941 | +€100 | +3.5% |
| Gross operating margin | 9900 | €6,604 | €6,405 | -€199 | -3.0% |
| Operating profit (loss) | 9901 | -€9,751 | -€10,050 | -€299 | -3.1% |
| Financial income | 75/76B | €1,379 | €1,968 | +€589 | +42.7% |
| Recurring financial income | 75 | €1,379 | €1,968 | +€589 | +42.7% |
| Financial charges | 65/66B | €151 | €152 | +€1 | +0.6% |
| Recurring financial charges | 65 | €151 | €152 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,523 | -€8,234 | +€289 | +3.4% |
| Profit (loss) for the period | 9904 | -€8,523 | -€8,234 | +€289 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,523 | -€8,234 | +€289 | +3.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.