VECHTA: 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.
What changed
VECHTA
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€222,114
2024 · €148,520+€73,595
Equity
€2.3m
2024 · €2.1m+€222,114
Cash
€516,759
2024 · €768,939-€252,180
Balance sheet total
€2.4m
2024 · €2.1m+€220,498
Largest movements
Assets
- Current investments +€513,899
up €513,899 (+47.9%), from €1.1m to €1.6m
- Cash -€252,180
down €252,180 (-32.8%), from €768,939 to €516,759
mainly Current investments (-€513,899) and Other debts (-€11,033)
Equity and liabilities
- Reserves +€222,114
up €222,114 (+12.1%), from €1.8m to €2.1m
of which Distributable reserves: +€222,114
Income statement
- Financial income +€53,456
up €53,456 (+338%), from €15,832 to €69,288
- Gross operating margin +€37,232
up €37,232 (+15.5%), from €239,886 to €277,117
- Taxes +€15,680
up €15,680 (+23.1%), from €67,980 to €83,661
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.
Result 2024
€148,520
Gross operating margin
+€37,232
Depreciation
-€2,055
Other operating charges
+€92
Other operating items
+€281
Financial income
+€53,456
Financial charges
+€268
Taxes
-€15,680
Result 2025
€222,114
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€262,011
Investment
-€513,899
Financing
-€291
Cash 2024
€768,939
From operations (derived)
+€262,011
Net result for the year
+€222,114
Depreciation
+€19,125
Receivables within one year
+€21,190
Smaller working-capital items
+€670
Tax, wage and social debts
+€12,547
Other debts
-€11,033
Accrued charges and deferred income
-€2,602
Investment (derived)
-€513,899
Current investments
-€513,899
Financing
-€291
Short-term financial debts
-€291
Cash 2025
€516,759
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,139,721 | €2,360,218 | +€220,498 | +10.3% |
| Fixed assets | 21/28 | €181,586 | €162,461 | -€19,125 | -10.5% |
| Tangible fixed assets | 22/27 | €158,718 | €139,593 | -€19,125 | -12.0% |
| Land and buildings | 22 | €146,063 | €131,300 | -€14,762 | -10.1% |
| Furniture and vehicles | 24 | €12,655 | €8,293 | -€4,363 | -34.5% |
| Financial fixed assets | 28 | €22,868 | €22,868 | = | 0.0% |
| Current assets | 29/58 | €1,958,135 | €2,197,757 | +€239,622 | +12.2% |
| Amounts receivable within one year | 40/41 | €90,181 | €68,991 | -€21,190 | -23.5% |
| Trade receivables | 40 | €56,000 | €68,943 | +€12,943 | +23.1% |
| Other amounts receivable | 41 | €34,181 | €48 | -€34,133 | -99.9% |
| Current investments | 50/53 | €1,072,558 | €1,586,457 | +€513,899 | +47.9% |
| Cash at bank and in hand | 54/58 | €768,939 | €516,759 | -€252,180 | -32.8% |
| Deferred charges and accrued income | 490/1 | €26,456 | €25,549 | -€906 | -3.4% |
| Total equity and liabilities | 10/49 | €2,139,721 | €2,360,218 | +€220,498 | +10.3% |
| Equity | 10/15 | €2,074,940 | €2,297,054 | +€222,114 | +10.7% |
| Contributions | 10/11 | €242,048 | €242,048 | = | 0.0% |
| Capital | 10 | €242,048 | €242,048 | = | 0.0% |
| Issued capital | 100 | €242,048 | €242,048 | = | 0.0% |
| Reserves | 13 | €1,832,892 | €2,055,006 | +€222,114 | +12.1% |
| Non-distributable reserves | 130/1 | €24,205 | €24,205 | = | 0.0% |
| Legal reserve | 130 | €24,205 | €24,205 | = | 0.0% |
| Distributable reserves | 133 | €1,808,687 | €2,030,801 | +€222,114 | +12.3% |
| Amounts payable | 17/49 | €64,781 | €63,165 | -€1,617 | -2.5% |
| Amounts payable within one year | 42/48 | €62,179 | €63,165 | +€986 | +1.6% |
| Financial debts | 43 | €291 | €0 | -€291 | -100% |
| Credit institutions | 430/8 | €291 | €0 | -€291 | -100% |
| Trade debts | 44 | €5,967 | €5,730 | -€237 | -4.0% |
| Suppliers | 440/4 | €5,967 | €5,730 | -€237 | -4.0% |
| Taxes, remuneration and social security | 45 | €17,168 | €29,715 | +€12,547 | +73.1% |
| Taxes | 450/3 | €14,342 | €29,715 | +€15,373 | +107% |
| Remuneration and social security | 454/9 | €2,826 | €0 | -€2,826 | -100% |
| Other amounts payable | 47/48 | €38,753 | €27,720 | -€11,033 | -28.5% |
| Accrued charges and deferred income | 492/3 | €2,602 | €0 | -€2,602 | -100% |
| Non-recurring operating income | 76A | €7,844 | €0 | -€7,844 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,070 | €19,125 | +€2,055 | +12.0% |
| Other operating charges | 640/8 | €16,133 | €16,041 | -€92 | -0.6% |
| Non-recurring operating charges | 66A | €281 | €0 | -€281 | -100% |
| Gross operating margin | 9900 | €239,886 | €277,117 | +€37,232 | +15.5% |
| Operating profit (loss) | 9901 | €206,401 | €241,952 | +€35,551 | +17.2% |
| Financial income | 75/76B | €15,832 | €69,288 | +€53,456 | +338% |
| Recurring financial income | 75 | €15,832 | €69,288 | +€53,456 | +338% |
| Financial charges | 65/66B | €5,733 | €5,465 | -€268 | -4.7% |
| Recurring financial charges | 65 | €5,733 | €5,465 | -€268 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €216,500 | €305,775 | +€89,275 | +41.2% |
| Income taxes | 67/77 | €67,980 | €83,661 | +€15,680 | +23.1% |
| Profit (loss) for the period | 9904 | €148,520 | €222,114 | +€73,595 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,520 | €222,114 | +€73,595 | +49.6% |
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 18 October 2026 via checked.be.