Vecim: 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.
Vecim
Largest movements
- Current investments -€9,846
down €9,846 (-13.9%), from €70,718 to €60,872
- Tangible fixed assets -€2,830
down €2,830 (-2.5%), from €115,026 to €112,196
of which Land and buildings: -€1,782
- Other debts -€12,542
down €12,542 (-83.6%), from €15,005 to €2,463
- Depreciation -€26,704
down €26,704 (-79.3%), from €33,696 to €6,992
- Gross operating margin -€17,596
down €17,596 (-64.5%), from €27,277 to €9,682
- Financial income +€1,667
up €1,667 (+164%), from €1,017 to €2,683
- Other operating charges -€1,067
down €1,067 (-20.1%), from €5,315 to €4,248
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 | €192,915 | €179,488 | -€13,427 | -7.0% |
| Fixed assets | 21/28 | €115,916 | €113,086 | -€2,830 | -2.4% |
| Tangible fixed assets | 22/27 | €115,026 | €112,196 | -€2,830 | -2.5% |
| Land and buildings | 22 | €80,396 | €78,614 | -€1,782 | -2.2% |
| Other tangible fixed assets | 26 | €34,630 | €33,582 | -€1,048 | -3.0% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €77,000 | €66,402 | -€10,598 | -13.8% |
| Amounts receivable within one year | 40/41 | - | €17 | +€17 | |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Current investments | 50/53 | €70,718 | €60,872 | -€9,846 | -13.9% |
| Cash at bank and in hand | 54/58 | €5,876 | €4,574 | -€1,302 | -22.2% |
| Deferred charges and accrued income | 490/1 | €406 | €940 | +€534 | +132% |
| Total equity and liabilities | 10/49 | €192,915 | €179,488 | -€13,427 | -7.0% |
| Equity | 10/15 | €177,044 | €176,995 | -€48 | 0.0% |
| Contributions | 10/11 | €14,268 | €14,268 | = | 0.0% |
| Reserves | 13 | €162,775 | €162,727 | -€48 | 0.0% |
| Distributable reserves | 133 | €162,775 | €162,727 | -€48 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,872 | €2,493 | -€13,379 | -84.3% |
| Amounts payable within one year | 42/48 | €15,872 | €2,493 | -€13,379 | -84.3% |
| Trade debts | 44 | €867 | €30 | -€837 | -96.5% |
| Suppliers | 440/4 | €867 | €30 | -€837 | -96.5% |
| Other amounts payable | 47/48 | €15,005 | €2,463 | -€12,542 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,696 | €6,992 | -€26,704 | -79.3% |
| Other operating charges | 640/8 | €5,315 | €4,248 | -€1,067 | -20.1% |
| Non-recurring operating charges | 66A | - | €1,048 | +€1,048 | |
| Gross operating margin | 9900 | €27,277 | €9,682 | -€17,596 | -64.5% |
| Operating profit (loss) | 9901 | -€11,733 | -€2,606 | +€9,127 | +77.8% |
| Financial income | 75/76B | €1,017 | €2,683 | +€1,667 | +164% |
| Recurring financial income | 75 | €1,017 | €2,683 | +€1,667 | +164% |
| Financial charges | 65/66B | €153 | €126 | -€27 | -17.5% |
| Recurring financial charges | 65 | €153 | €126 | -€27 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,869 | -€48 | +€10,820 | +99.6% |
| Profit (loss) for the period | 9904 | -€10,869 | -€48 | +€10,820 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,869 | -€48 | +€10,820 | +99.6% |
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 15 October 2026 via checked.be.