VECOO: 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.
VECOO
Largest movements
- Cash -€6,899
down €6,899 (-20.0%), from €34,462 to €27,564
mainly Net result for the year (-€11,182) and Other debts (-€6,564)
- Deferred charges and accrued income -€5,848
down €5,848 (-100%), from €5,848 to €0
- Tangible fixed assets -€1,224
down €1,224 (-62.1%), from €1,971 to €747
of which Furniture and vehicles: -€620
- Profit (loss) carried forward -€11,182
down €11,182 (-6.4%), from -€173,620 to -€184,803
- Trade debts +€7,653
up €7,653 (+131%), from €5,828 to €13,482
- Other debts -€6,564
down €6,564 (-3.5%), from €185,027 to €178,463
- Tax, wage and social debts -€3,845
down €3,845 (-60.2%), from €6,383 to €2,538
- Gross operating margin -€15,889
down €15,889, from €6,394 to -€9,494
- Other operating charges -€4,231
down €4,231 (-93.8%), from €4,511 to €280
- Taxes -€724
down €724 (-100%), from €724 to €0
- Depreciation -€517
down €517 (-29.7%), from €1,742 to €1,224
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 | €42,282 | €28,311 | -€13,971 | -33.0% |
| Fixed assets | 21/28 | €1,971 | €747 | -€1,224 | -62.1% |
| Tangible fixed assets | 22/27 | €1,971 | €747 | -€1,224 | -62.1% |
| Plant, machinery and equipment | 23 | €815 | €210 | -€605 | -74.2% |
| Furniture and vehicles | 24 | €1,156 | €537 | -€620 | -53.6% |
| Current assets | 29/58 | €40,310 | €27,564 | -€12,747 | -31.6% |
| Cash at bank and in hand | 54/58 | €34,462 | €27,564 | -€6,899 | -20.0% |
| Deferred charges and accrued income | 490/1 | €5,848 | €0 | -€5,848 | -100% |
| Total equity and liabilities | 10/49 | €42,282 | €28,311 | -€13,971 | -33.0% |
| Equity | 10/15 | -€154,989 | -€166,172 | -€11,182 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31 | €31 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31 | €31 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31 | €31 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,620 | -€184,803 | -€11,182 | -6.4% |
| Amounts payable | 17/49 | €197,271 | €194,482 | -€2,789 | -1.4% |
| Amounts payable within one year | 42/48 | €197,238 | €194,482 | -€2,756 | -1.4% |
| Trade debts | 44 | €5,828 | €13,482 | +€7,653 | +131% |
| Suppliers | 440/4 | €5,828 | €13,482 | +€7,653 | +131% |
| Taxes, remuneration and social security | 45 | €6,383 | €2,538 | -€3,845 | -60.2% |
| Taxes | 450/3 | €6,383 | €2,538 | -€3,845 | -60.2% |
| Other amounts payable | 47/48 | €185,027 | €178,463 | -€6,564 | -3.5% |
| Accrued charges and deferred income | 492/3 | €33 | €0 | -€33 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,742 | €1,224 | -€517 | -29.7% |
| Other operating charges | 640/8 | €4,511 | €280 | -€4,231 | -93.8% |
| Gross operating margin | 9900 | €6,394 | -€9,494 | -€15,889 | |
| Operating profit (loss) | 9901 | €141 | -€10,999 | -€11,140 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €89 | €183 | +€95 | +107% |
| Recurring financial charges | 65 | €89 | €183 | +€95 | +107% |
| Profit (loss) for the period before taxes | 9903 | €55 | -€11,182 | -€11,237 | |
| Income taxes | 67/77 | €724 | €0 | -€724 | -100% |
| Profit (loss) for the period | 9904 | -€669 | -€11,182 | -€10,513 | -1,570% |
| Profit (loss) for the period to be appropriated | 9905 | -€669 | -€11,182 | -€10,513 | -1,570% |
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 22 October 2026 via checked.be.