VECOPLAST: 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.
What changed
VECOPLAST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€187,282
2024 · €242,612-€55,331
Equity
€2.2m
2024 · €2.2m-€12,718
Cash
€2,547
2024 · €24,932-€22,385
Balance sheet total
€2.4m
2024 · €2.5m-€111,530
Largest movements
Assets
- Receivables within one year -€323,228
down €323,228 (-99.5%), from €324,853 to €1,624
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€30,017
down €30,017 (-1.7%), from €1.7m to €1.7m
Equity and liabilities
- Other debts -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
Income statement
- Taxes +€43,117
up €43,117 (+176.0%), from €24,500 to €67,617
- Financial income -€7,243
down €7,243 (-33.1%), from €21,852 to €14,609
- Depreciation +€3,912
up €3,912 (+15.0%), from €26,106 to €30,017
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
€242,612
Gross operating margin
-€133
Depreciation
-€3,912
Other operating charges
-€925
Financial income
-€7,243
Financial charges
-€2
Taxes
-€43,117
Result 2025
€187,282
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.
From operations
+€427,615
Investment
-€250,000
Financing
-€200,000
Cash 2024
€24,932
From operations (derived)
+€427,615
Net result for the year
+€187,282
Depreciation
+€30,017
Receivables after one year
-€13,784
Receivables within one year
+€323,228
Smaller working-capital items
-€229
Trade debts
+€4,840
Tax, wage and social debts
-€3,740
Other debts
-€100,000
Investment (derived)
-€250,000
Current investments
-€250,000
Financing
-€200,000
Contributions, distributions and other
-€200,000
Cash 2025
€2,547
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,475,150 | €2,363,620 | -€111,530 | -4.5% |
| Fixed assets | 21/28 | €1,745,313 | €1,715,296 | -€30,017 | -1.7% |
| Tangible fixed assets | 22/27 | €1,745,313 | €1,715,296 | -€30,017 | -1.7% |
| Land and buildings | 22 | €1,745,313 | €1,715,296 | -€30,017 | -1.7% |
| Current assets | 29/58 | €729,837 | €648,325 | -€81,512 | -11.2% |
| Amounts receivable after more than one year | 29 | €377,649 | €391,434 | +€13,784 | +3.6% |
| Other amounts receivable | 291 | €377,649 | €391,434 | +€13,784 | +3.6% |
| Amounts receivable within one year | 40/41 | €324,853 | €1,624 | -€323,228 | -99.5% |
| Other amounts receivable | 41 | €324,853 | €1,624 | -€323,228 | -99.5% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €24,932 | €2,547 | -€22,385 | -89.8% |
| Deferred charges and accrued income | 490/1 | €2,403 | €2,720 | +€317 | +13.2% |
| Total equity and liabilities | 10/49 | €2,475,150 | €2,363,620 | -€111,530 | -4.5% |
| Equity | 10/15 | €2,168,556 | €2,155,838 | -€12,718 | -0.6% |
| Contributions | 10/11 | €2,075,000 | €2,075,000 | = | 0.0% |
| Capital | 10 | €2,075,000 | €2,075,000 | = | 0.0% |
| Issued capital | 100 | €2,075,000 | €2,075,000 | = | 0.0% |
| Reserves | 13 | €93,556 | €80,838 | -€12,718 | -13.6% |
| Non-distributable reserves | 130/1 | €32,507 | €41,871 | +€9,364 | +28.8% |
| Legal reserve | 130 | €32,507 | €41,871 | +€9,364 | +28.8% |
| Distributable reserves | 133 | €61,049 | €38,966 | -€22,082 | -36.2% |
| Amounts payable | 17/49 | €306,594 | €207,783 | -€98,811 | -32.2% |
| Amounts payable within one year | 42/48 | €306,594 | €207,694 | -€98,900 | -32.3% |
| Trade debts | 44 | - | €4,840 | +€4,840 | |
| Suppliers | 440/4 | - | €4,840 | +€4,840 | |
| Taxes, remuneration and social security | 45 | €6,594 | €2,854 | -€3,740 | -56.7% |
| Taxes | 450/3 | €6,594 | €2,854 | -€3,740 | -56.7% |
| Other amounts payable | 47/48 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,106 | €30,017 | +€3,912 | +15.0% |
| Other operating charges | 640/8 | €29,476 | €30,401 | +€925 | +3.1% |
| Gross operating margin | 9900 | €300,916 | €300,782 | -€133 | 0.0% |
| Operating profit (loss) | 9901 | €245,334 | €240,365 | -€4,970 | -2.0% |
| Financial income | 75/76B | €21,852 | €14,609 | -€7,243 | -33.1% |
| Recurring financial income | 75 | €21,852 | €14,609 | -€7,243 | -33.1% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €267,112 | €254,899 | -€12,214 | -4.6% |
| Income taxes | 67/77 | €24,500 | €67,617 | +€43,117 | +176.0% |
| Profit (loss) for the period | 9904 | €242,612 | €187,282 | -€55,331 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €242,612 | €187,282 | -€55,331 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.