Vecon Engineering Belgium: 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.
Vecon Engineering Belgium
Largest movements
- Cash -€36,291
down €36,291 (-33.7%), from €107,668 to €71,377
mainly Tax, wage and social debts (-€35,453) and Net result for the year (-€27,945)
- Receivables within one year -€22,879
down €22,879 (-11.7%), from €195,794 to €172,915
of which Trade receivables: -€49,588
- Tax, wage and social debts -€35,453
down €35,453 (-22.3%), from €158,751 to €123,298
of which Taxes: -€19,287
- Reserves -€27,945
down €27,945 (-65.6%), from €42,614 to €14,670
- Trade debts +€12,284
up €12,284 (+31.8%), from €38,644 to €50,928
- Debts after one year -€9,110
down €9,110 (-23.2%), from €39,333 to €30,223
- Gross operating margin -€69,728
down €69,728 (-12.1%), from €574,525 to €504,797
- Write-downs +€36,252
new in 2025: €36,252
- Taxes -€26,334
down €26,334 (-95.0%), from €27,722 to €1,389
- Staff costs -€9,951
down €9,951 (-2.0%), from €502,074 to €492,123
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.
Cash bridge derived
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 | €304,008 | €244,762 | -€59,245 | -19.5% |
| Current assets | 29/58 | €304,008 | €244,762 | -€59,245 | -19.5% |
| Amounts receivable within one year | 40/41 | €195,794 | €172,915 | -€22,879 | -11.7% |
| Trade receivables | 40 | €188,884 | €139,297 | -€49,588 | -26.3% |
| Other amounts receivable | 41 | €6,910 | €33,619 | +€26,709 | +386.5% |
| Cash at bank and in hand | 54/58 | €107,668 | €71,377 | -€36,291 | -33.7% |
| Deferred charges and accrued income | 490/1 | €546 | €470 | -€76 | -13.9% |
| Total equity and liabilities | 10/49 | €304,008 | €244,762 | -€59,245 | -19.5% |
| Equity | 10/15 | €52,614 | €24,670 | -€27,945 | -53.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €42,614 | €14,670 | -€27,945 | -65.6% |
| Distributable reserves | 133 | €42,614 | €14,670 | -€27,945 | -65.6% |
| Amounts payable | 17/49 | €251,393 | €220,092 | -€31,301 | -12.5% |
| Amounts payable after more than one year | 17 | €39,333 | €30,223 | -€9,110 | -23.2% |
| Financial debts | 170/4 | €39,333 | €30,223 | -€9,110 | -23.2% |
| Amounts payable within one year | 42/48 | €207,661 | €183,336 | -€24,326 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,667 | €9,110 | +€443 | +5.1% |
| Trade debts | 44 | €38,644 | €50,928 | +€12,284 | +31.8% |
| Suppliers | 440/4 | €38,644 | €50,928 | +€12,284 | +31.8% |
| Taxes, remuneration and social security | 45 | €158,751 | €123,298 | -€35,453 | -22.3% |
| Taxes | 450/3 | €93,087 | €73,800 | -€19,287 | -20.7% |
| Remuneration and social security | 454/9 | €65,663 | €49,498 | -€16,165 | -24.6% |
| Other amounts payable | 47/48 | €1,600 | €0 | -€1,600 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,399 | €6,534 | +€2,135 | +48.5% |
| Remuneration, social security and pensions | 62 | €502,074 | €492,123 | -€9,951 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,252 | +€36,252 | |
| Other operating charges | 640/8 | €309 | €344 | +€35 | +11.5% |
| Gross operating margin | 9900 | €574,525 | €504,797 | -€69,728 | -12.1% |
| Operating profit (loss) | 9901 | €72,142 | -€23,922 | -€96,064 | |
| Financial income | 75/76B | €35 | €0 | -€35 | -100.0% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100.0% |
| Financial charges | 65/66B | €1,841 | €2,634 | +€793 | +43.1% |
| Recurring financial charges | 65 | €1,841 | €2,634 | +€793 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €70,337 | -€26,556 | -€96,892 | |
| Income taxes | 67/77 | €27,722 | €1,389 | -€26,334 | -95.0% |
| Profit (loss) for the period | 9904 | €42,614 | -€27,945 | -€70,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,614 | -€27,945 | -€70,559 |
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 10 October 2026 via checked.be.