VECAN: 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.
VECAN
Largest movements
- Receivables within one year +€31,281
up €31,281 (+21.7%), from €143,870 to €175,151
of which Trade receivables: +€27,972
- Tangible fixed assets +€13,007
up €13,007 (+1348.8%), from €964 to €13,971
of which Furniture and vehicles: +€7,017
- Cash -€11,957
down €11,957 (-71.4%), from €16,743 to €4,785
mainly Receivables within one year (-€31,281) and Investment in fixed assets (net) (-€15,645)
- Deferred charges and accrued income +€9,895
new in 2024: €9,895
- Trade debts +€48,559
up €48,559 (+374.5%), from €12,966 to €61,525
- Accrued charges and deferred income -€10,745
down €10,745 (-68.7%), from €15,637 to €4,891
- Tax, wage and social debts -€8,532
down €8,532 (-15.5%), from €54,948 to €46,416
of which Remuneration and social security: -€14,597
- Reserves +€3,989
up €3,989 (+4.9%), from €80,702 to €84,691
- Current portion of long-term debt +€3,976
new in 2024: €3,976
- Gross operating margin -€353,853
down €353,853 (-96.2%), from €367,655 to €13,801
- Staff costs -€291,960
down €291,960 (-99.9%), from €292,133 to €173
- Other operating charges -€14,594
down €14,594 (-79.1%), from €18,444 to €3,850
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.
Cash bridge derived
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 | €170,252 | €212,477 | +€42,225 | +24.8% |
| Fixed assets | 21/28 | €964 | €13,971 | +€13,007 | +1348.8% |
| Tangible fixed assets | 22/27 | €964 | €13,971 | +€13,007 | +1348.8% |
| Plant, machinery and equipment | 23 | - | €5,990 | +€5,990 | |
| Furniture and vehicles | 24 | €964 | €7,981 | +€7,017 | +727.6% |
| Current assets | 29/58 | €169,288 | €198,506 | +€29,219 | +17.3% |
| Amounts receivable after more than one year | 29 | €8,675 | €8,675 | = | 0.0% |
| Other amounts receivable | 291 | €8,675 | €8,675 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,870 | €175,151 | +€31,281 | +21.7% |
| Trade receivables | 40 | €87,430 | €115,401 | +€27,972 | +32.0% |
| Other amounts receivable | 41 | €56,440 | €59,749 | +€3,309 | +5.9% |
| Cash at bank and in hand | 54/58 | €16,743 | €4,785 | -€11,957 | -71.4% |
| Deferred charges and accrued income | 490/1 | - | €9,895 | +€9,895 | |
| Total equity and liabilities | 10/49 | €170,252 | €212,477 | +€42,225 | +24.8% |
| Equity | 10/15 | €86,702 | €90,691 | +€3,989 | +4.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €80,702 | €84,691 | +€3,989 | +4.9% |
| Distributable reserves | 133 | €80,702 | €84,691 | +€3,989 | +4.9% |
| Amounts payable | 17/49 | €83,550 | €121,786 | +€38,236 | +45.8% |
| Amounts payable after more than one year | 17 | - | €2,922 | +€2,922 | |
| Financial debts | 170/4 | - | €2,922 | +€2,922 | |
| Amounts payable within one year | 42/48 | €67,913 | €113,973 | +€46,060 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,976 | +€3,976 | |
| Trade debts | 44 | €12,966 | €61,525 | +€48,559 | +374.5% |
| Suppliers | 440/4 | €12,966 | €61,525 | +€48,559 | +374.5% |
| Taxes, remuneration and social security | 45 | €54,948 | €46,416 | -€8,532 | -15.5% |
| Taxes | 450/3 | €40,351 | €46,416 | +€6,065 | +15.0% |
| Remuneration and social security | 454/9 | €14,597 | - | -€14,597 | |
| Other amounts payable | 47/48 | - | €2,056 | +€2,056 | |
| Accrued charges and deferred income | 492/3 | €15,637 | €4,891 | -€10,745 | -68.7% |
| Remuneration, social security and pensions | 62 | €292,133 | €173 | -€291,960 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €2,638 | +€2,156 | +447.1% |
| Other operating charges | 640/8 | €18,444 | €3,850 | -€14,594 | -79.1% |
| Gross operating margin | 9900 | €367,655 | €13,801 | -€353,853 | -96.2% |
| Operating profit (loss) | 9901 | €56,596 | €7,140 | -€49,456 | -87.4% |
| Financial income | 75/76B | €2,370 | €157 | -€2,214 | -93.4% |
| Recurring financial income | 75 | €2,370 | €157 | -€2,214 | -93.4% |
| Financial charges | 65/66B | €4,186 | €551 | -€3,635 | -86.8% |
| Recurring financial charges | 65 | €4,186 | €551 | -€3,635 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €54,780 | €6,745 | -€48,035 | -87.7% |
| Income taxes | 67/77 | €5,333 | €2,756 | -€2,577 | -48.3% |
| Profit (loss) for the period | 9904 | €49,447 | €3,989 | -€45,458 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,447 | €3,989 | -€45,458 | -91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.