VECA SOLAR: 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.
VECA SOLAR
Largest movements
- Receivables within one year +€15,767
up €15,767 (+11.3%), from €139,328 to €155,095
of which Other amounts receivable: +€23,140
- Stocks and contracts +€8,326
up €8,326 (+60.2%), from €13,840 to €22,166
- Tangible fixed assets -€4,323
down €4,323 (-64.7%), from €6,682 to €2,360
- Short-term financial debts +€26,491
up €26,491 (+276%), from €9,611 to €36,102
- Profit (loss) carried forward -€6,296
down €6,296 (-13.0%), from -€48,509 to -€54,805
- Gross operating margin +€65,348
up €65,348, from -€54,067 to €11,281
- Financial charges +€6,727
up €6,727 (+278%), from €2,423 to €9,149
- Depreciation +€5,141
up €5,141 (+203%), from €2,533 to €7,674
- Financial income -€2,027
down €2,027 (-100%), from €2,027 to €0
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 | €160,038 | €180,519 | +€20,481 | +12.8% |
| Fixed assets | 21/28 | €6,682 | €2,360 | -€4,323 | -64.7% |
| Tangible fixed assets | 22/27 | €6,682 | €2,360 | -€4,323 | -64.7% |
| Furniture and vehicles | 24 | €6,682 | €2,360 | -€4,323 | -64.7% |
| Current assets | 29/58 | €153,356 | €178,160 | +€24,804 | +16.2% |
| Stocks and contracts in progress | 3 | €13,840 | €22,166 | +€8,326 | +60.2% |
| Stocks | 30/36 | €13,840 | €22,166 | +€8,326 | +60.2% |
| Amounts receivable within one year | 40/41 | €139,328 | €155,095 | +€15,767 | +11.3% |
| Trade receivables | 40 | €12,111 | €4,738 | -€7,372 | -60.9% |
| Other amounts receivable | 41 | €127,217 | €150,357 | +€23,140 | +18.2% |
| Cash at bank and in hand | 54/58 | €1 | €1 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €187 | €898 | +€711 | +381% |
| Total equity and liabilities | 10/49 | €160,038 | €180,519 | +€20,481 | +12.8% |
| Equity | 10/15 | €122,748 | €116,453 | -€6,296 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,058 | €165,058 | = | 0.0% |
| Distributable reserves | 133 | €165,058 | €165,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,509 | -€54,805 | -€6,296 | -13.0% |
| Amounts payable | 17/49 | €37,290 | €64,067 | +€26,777 | +71.8% |
| Amounts payable within one year | 42/48 | €37,290 | €64,067 | +€26,777 | +71.8% |
| Financial debts | 43 | €9,611 | €36,102 | +€26,491 | +276% |
| Credit institutions | 430/8 | €9,611 | €36,102 | +€26,491 | +276% |
| Trade debts | 44 | €25,439 | €25,675 | +€237 | +0.9% |
| Suppliers | 440/4 | €25,439 | €25,675 | +€237 | +0.9% |
| Taxes, remuneration and social security | 45 | €2,240 | €2,289 | +€49 | +2.2% |
| Taxes | 450/3 | €2,240 | €2,289 | +€49 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,533 | €7,674 | +€5,141 | +203% |
| Other operating charges | 640/8 | €1,245 | €754 | -€492 | -39.5% |
| Gross operating margin | 9900 | -€54,067 | €11,281 | +€65,348 | |
| Operating profit (loss) | 9901 | -€57,845 | €2,854 | +€60,699 | |
| Financial income | 75/76B | €2,027 | €0 | -€2,027 | -100% |
| Recurring financial income | 75 | €2,027 | €0 | -€2,027 | -100% |
| Financial charges | 65/66B | €2,423 | €9,149 | +€6,727 | +278% |
| Recurring financial charges | 65 | €2,423 | €9,149 | +€6,727 | +278% |
| Profit (loss) for the period before taxes | 9903 | -€58,241 | -€6,296 | +€51,945 | +89.2% |
| Income taxes | 67/77 | €478 | €0 | -€478 | -100% |
| Profit (loss) for the period | 9904 | -€58,719 | -€6,296 | +€52,423 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,719 | -€6,296 | +€52,423 | +89.3% |
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 13 October 2026 via checked.be.