Vapeco: 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.
Vapeco
Largest movements
- Receivables within one year -€37,983
down €37,983 (-100%), from €37,983 to €0
of which Other amounts receivable: -€37,983
- Cash +€917
up €917 (+153%), from €600 to €1,517
mainly Receivables within one year (+€37,983) and Other debts (+€351)
- Trade debts -€23,604
down €23,604 (-75.9%), from €31,092 to €7,489
- Profit (loss) carried forward -€13,814
down €13,814 (-28.5%), from -€48,504 to -€62,318
- Gross operating margin -€4,901
down €4,901 (-75.0%), from -€6,533 to -€11,434
- Other operating charges -€3,028
down €3,028 (-51.4%), from €5,894 to €2,865
- Financial income -€852
down €852 (-56.1%), from €1,518 to €666
- Financial charges -€340
down €340 (-65.4%), from €521 to €180
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 | €38,583 | €1,517 | -€37,066 | -96.1% |
| Current assets | 29/58 | €38,583 | €1,517 | -€37,066 | -96.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €37,983 | €0 | -€37,983 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €37,983 | €0 | -€37,983 | -100% |
| Cash at bank and in hand | 54/58 | €600 | €1,517 | +€917 | +153% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €38,583 | €1,517 | -€37,066 | -96.1% |
| Equity | 10/15 | €7,491 | -€6,323 | -€13,814 | |
| Contributions | 10/11 | €55,995 | €55,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,504 | -€62,318 | -€13,814 | -28.5% |
| Amounts payable | 17/49 | €31,092 | €7,840 | -€23,252 | -74.8% |
| Amounts payable within one year | 42/48 | €31,092 | €7,840 | -€23,252 | -74.8% |
| Trade debts | 44 | €31,092 | €7,489 | -€23,604 | -75.9% |
| Suppliers | 440/4 | €31,092 | €7,489 | -€23,604 | -75.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €351 | +€351 | |
| Other operating charges | 640/8 | €5,894 | €2,865 | -€3,028 | -51.4% |
| Gross operating margin | 9900 | -€6,533 | -€11,434 | -€4,901 | -75.0% |
| Operating profit (loss) | 9901 | -€12,427 | -€14,300 | -€1,873 | -15.1% |
| Financial income | 75/76B | €1,518 | €666 | -€852 | -56.1% |
| Recurring financial income | 75 | €1,518 | €666 | -€852 | -56.1% |
| Financial charges | 65/66B | €521 | €180 | -€340 | -65.4% |
| Recurring financial charges | 65 | €521 | €180 | -€340 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,430 | -€13,814 | -€2,384 | -20.9% |
| Profit (loss) for the period | 9904 | -€11,430 | -€13,814 | -€2,384 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,430 | -€13,814 | -€2,384 | -20.9% |
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 15 October 2026 via checked.be.