VEBACON.BE: what changed
Two fiscal 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.
VEBACON.BE
Largest movements
- Cash +€29,816
up €29,816 (+38.3%), from €77,829 to €107,645
mainly Net result for the year (+€34,764) and Receivables after one year (+€6,841)
- Receivables within one year +€21,254
up €21,254 (+19.1%), from €111,205 to €132,459
of which Other amounts receivable: +€19,804
- Receivables after one year -€6,841
down €6,841 (-17.9%), from €38,165 to €31,324
- Reserves +€34,764
up €34,764 (+16.0%), from €216,694 to €251,457
- Tax, wage and social debts +€6,815
up €6,815 (+39.4%), from €17,300 to €24,114
- Gross operating margin +€22,097
up €22,097 (+59.4%), from €37,216 to €59,313
- Taxes +€5,345
up €5,345 (+45.6%), from €11,718 to €17,063
- Depreciation -€4,757
down €4,757 (-73.7%), from €6,455 to €1,698
- Financial charges +€2,962
up €2,962 (+2362.0%), from €125 to €3,088
- Other operating charges -€1,287
down €1,287 (-18.6%), from €6,937 to €5,650
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.
Cash bridge derived
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 | €248,156 | €291,259 | +€43,103 | +17.4% |
| Fixed assets | 21/28 | €16,694 | €14,996 | -€1,698 | -10.2% |
| Tangible fixed assets | 22/27 | €16,694 | €14,996 | -€1,698 | -10.2% |
| Plant, machinery and equipment | 23 | €16,694 | €14,996 | -€1,698 | -10.2% |
| Current assets | 29/58 | €231,462 | €276,263 | +€44,801 | +19.4% |
| Amounts receivable after more than one year | 29 | €38,165 | €31,324 | -€6,841 | -17.9% |
| Other amounts receivable | 291 | €38,165 | €31,324 | -€6,841 | -17.9% |
| Amounts receivable within one year | 40/41 | €111,205 | €132,459 | +€21,254 | +19.1% |
| Trade receivables | 40 | €45,830 | €47,280 | +€1,450 | +3.2% |
| Other amounts receivable | 41 | €65,376 | €85,179 | +€19,804 | +30.3% |
| Cash at bank and in hand | 54/58 | €77,829 | €107,645 | +€29,816 | +38.3% |
| Deferred charges and accrued income | 490/1 | €4,263 | €4,835 | +€572 | +13.4% |
| Total equity and liabilities | 10/49 | €248,156 | €291,259 | +€43,103 | +17.4% |
| Equity | 10/15 | €229,094 | €263,857 | +€34,764 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €216,694 | €251,457 | +€34,764 | +16.0% |
| Distributable reserves | 133 | €216,694 | €251,457 | +€34,764 | +16.0% |
| Amounts payable | 17/49 | €19,062 | €27,402 | +€8,340 | +43.8% |
| Amounts payable within one year | 42/48 | €19,062 | €27,402 | +€8,340 | +43.8% |
| Trade debts | 44 | €1,702 | €3,270 | +€1,568 | +92.1% |
| Suppliers | 440/4 | €1,702 | €3,270 | +€1,568 | +92.1% |
| Taxes, remuneration and social security | 45 | €17,300 | €24,114 | +€6,815 | +39.4% |
| Taxes | 450/3 | €17,300 | €24,114 | +€6,815 | +39.4% |
| Other amounts payable | 47/48 | €60 | €17 | -€43 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,455 | €1,698 | -€4,757 | -73.7% |
| Other operating charges | 640/8 | €6,937 | €5,650 | -€1,287 | -18.6% |
| Gross operating margin | 9900 | €37,216 | €59,313 | +€22,097 | +59.4% |
| Operating profit (loss) | 9901 | €23,824 | €51,965 | +€28,142 | +118.1% |
| Financial income | 75/76B | €2,438 | €2,949 | +€510 | +20.9% |
| Recurring financial income | 75 | €2,438 | €2,949 | +€510 | +20.9% |
| Financial charges | 65/66B | €125 | €3,088 | +€2,962 | +2362.0% |
| Recurring financial charges | 65 | €125 | €3,088 | +€2,962 | +2362.0% |
| Profit (loss) for the period before taxes | 9903 | €26,136 | €51,826 | +€25,690 | +98.3% |
| Income taxes | 67/77 | €11,718 | €17,063 | +€5,345 | +45.6% |
| Profit (loss) for the period | 9904 | €14,418 | €34,764 | +€20,345 | +141.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,418 | €34,764 | +€20,345 | +141.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.