VEBO GROEP: 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.
VEBO GROEP
Largest movements
- Cash -€11,779
down €11,779 (-76.8%), from €15,346 to €3,568
mainly Tax, wage and social debts (-€8,733) and Other debts (-€7,888)
- Deferred charges and accrued income +€7,500
new in 2025: €7,500
- Receivables within one year +€2,156
up €2,156 (+4.5%), from €48,256 to €50,412
- Tangible fixed assets -€976
down €976 (-6.9%), from €14,134 to €13,158
of which Furniture and vehicles: -€1,879
- Trade debts +€17,941
up €17,941 (+297%), from €6,049 to €23,990
- Tax, wage and social debts -€8,733
down €8,733 (-76.1%), from €11,472 to €2,739
of which Remuneration and social security: -€8,371
- Other debts -€7,888
down €7,888 (-48.2%), from €16,374 to €8,486
- Debts after one year -€5,346
down €5,346 (-45.8%), from €11,664 to €6,318
- Gross operating margin -€35,752
down €35,752 (-32.4%), from €110,298 to €74,547
- Other operating charges +€2,401
up €2,401 (+128%), from €1,880 to €4,281
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 | €77,736 | €74,638 | -€3,098 | -4.0% |
| Fixed assets | 21/28 | €14,134 | €13,158 | -€976 | -6.9% |
| Tangible fixed assets | 22/27 | €14,134 | €13,158 | -€976 | -6.9% |
| Plant, machinery and equipment | 23 | - | €2,431 | +€2,431 | |
| Furniture and vehicles | 24 | €7,514 | €5,636 | -€1,879 | -25.0% |
| Other tangible fixed assets | 26 | €6,620 | €5,092 | -€1,528 | -23.1% |
| Current assets | 29/58 | €63,602 | €61,480 | -€2,122 | -3.3% |
| Amounts receivable within one year | 40/41 | €48,256 | €50,412 | +€2,156 | +4.5% |
| Trade receivables | 40 | €48,256 | €50,412 | +€2,156 | +4.5% |
| Cash at bank and in hand | 54/58 | €15,346 | €3,568 | -€11,779 | -76.8% |
| Deferred charges and accrued income | 490/1 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €77,736 | €74,638 | -€3,098 | -4.0% |
| Equity | 10/15 | €26,993 | €27,759 | +€766 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,832 | €36,832 | = | 0.0% |
| Distributable reserves | 133 | €36,832 | €36,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,839 | -€14,073 | +€766 | +5.2% |
| Amounts payable | 17/49 | €50,743 | €46,879 | -€3,864 | -7.6% |
| Amounts payable after more than one year | 17 | €11,664 | €6,318 | -€5,346 | -45.8% |
| Financial debts | 170/4 | €11,664 | €6,318 | -€5,346 | -45.8% |
| Amounts payable within one year | 42/48 | €39,079 | €40,561 | +€1,482 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €5,184 | €5,346 | +€163 | +3.1% |
| Trade debts | 44 | €6,049 | €23,990 | +€17,941 | +297% |
| Suppliers | 440/4 | €6,049 | €23,990 | +€17,941 | +297% |
| Taxes, remuneration and social security | 45 | €11,472 | €2,739 | -€8,733 | -76.1% |
| Taxes | 450/3 | €362 | - | -€362 | |
| Remuneration and social security | 454/9 | €11,110 | €2,739 | -€8,371 | -75.3% |
| Other amounts payable | 47/48 | €16,374 | €8,486 | -€7,888 | -48.2% |
| Remuneration, social security and pensions | 62 | €64,586 | €64,166 | -€420 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €4,216 | +€573 | +15.7% |
| Other operating charges | 640/8 | €1,880 | €4,281 | +€2,401 | +128% |
| Gross operating margin | 9900 | €110,298 | €74,547 | -€35,752 | -32.4% |
| Operating profit (loss) | 9901 | €40,190 | €1,884 | -€38,306 | -95.3% |
| Financial income | 75/76B | €18 | €4 | -€13 | -74.8% |
| Recurring financial income | 75 | €18 | €4 | -€13 | -74.8% |
| Financial charges | 65/66B | €1,136 | €1,121 | -€15 | -1.3% |
| Recurring financial charges | 65 | €1,136 | €1,121 | -€15 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €39,072 | €767 | -€38,305 | -98.0% |
| Income taxes | 67/77 | -€753 | €1 | +€754 | |
| Profit (loss) for the period | 9904 | €39,824 | €766 | -€39,059 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,824 | €766 | -€39,059 | -98.1% |
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 24 October 2026 via checked.be.