VECREA: 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.
VECREA
Largest movements
- Cash +€15,230
up €15,230 (+2818.4%), from €540 to €15,770
mainly Net result for the year (+€19,727) and Receivables within one year (+€3,595)
- Tangible fixed assets +€6,886
up €6,886 (+328.6%), from €2,096 to €8,982
- Receivables within one year -€3,595
down €3,595 (-18.3%), from €19,619 to €16,024
of which Trade receivables: -€4,181
- Profit (loss) carried forward +€19,727
up €19,727, from -€12,712 to €7,015
- Trade debts -€5,354
down €5,354 (-25.1%), from €21,292 to €15,938
- Tax, wage and social debts +€3,265
up €3,265 (+55.6%), from €5,875 to €9,140
- Short-term financial debts +€898
up €898 (+43.4%), from €2,068 to €2,966
- Gross operating margin +€30,355
up €30,355 (+4414.7%), from €688 to €31,043
- Taxes +€6,945
up €6,945 (+4340.6%), from €160 to €7,105
- Depreciation +€1,745
up €1,745 (+195.0%), from €895 to €2,640
- Financial charges +€664
up €664 (+344.3%), from €193 to €856
- Other operating charges -€591
down €591 (-42.0%), from €1,407 to €816
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 | €22,990 | €41,259 | +€18,269 | +79.5% |
| Fixed assets | 21/28 | €2,096 | €8,982 | +€6,886 | +328.6% |
| Tangible fixed assets | 22/27 | €2,096 | €8,982 | +€6,886 | +328.6% |
| Furniture and vehicles | 24 | €2,096 | €8,982 | +€6,886 | +328.6% |
| Current assets | 29/58 | €20,895 | €32,278 | +€11,383 | +54.5% |
| Amounts receivable within one year | 40/41 | €19,619 | €16,024 | -€3,595 | -18.3% |
| Trade receivables | 40 | €18,279 | €14,098 | -€4,181 | -22.9% |
| Other amounts receivable | 41 | €1,340 | €1,926 | +€586 | +43.7% |
| Cash at bank and in hand | 54/58 | €540 | €15,770 | +€15,230 | +2818.4% |
| Deferred charges and accrued income | 490/1 | €736 | €484 | -€252 | -34.2% |
| Total equity and liabilities | 10/49 | €22,990 | €41,259 | +€18,269 | +79.5% |
| Equity | 10/15 | -€6,512 | €13,215 | +€19,727 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,712 | €7,015 | +€19,727 | |
| Amounts payable | 17/49 | €29,502 | €28,044 | -€1,458 | -4.9% |
| Amounts payable within one year | 42/48 | €29,502 | €28,044 | -€1,458 | -4.9% |
| Financial debts | 43 | €2,068 | €2,966 | +€898 | +43.4% |
| Credit institutions | 430/8 | €2,068 | €2,966 | +€898 | +43.4% |
| Trade debts | 44 | €21,292 | €15,938 | -€5,354 | -25.1% |
| Suppliers | 440/4 | €21,292 | €15,938 | -€5,354 | -25.1% |
| Taxes, remuneration and social security | 45 | €5,875 | €9,140 | +€3,265 | +55.6% |
| Taxes | 450/3 | €5,875 | €9,140 | +€3,265 | +55.6% |
| Other amounts payable | 47/48 | €266 | - | -€266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €2,640 | +€1,745 | +195.0% |
| Other operating charges | 640/8 | €1,407 | €816 | -€591 | -42.0% |
| Gross operating margin | 9900 | €688 | €31,043 | +€30,355 | +4414.7% |
| Operating profit (loss) | 9901 | -€1,615 | €27,586 | +€29,201 | |
| Financial income | 75/76B | - | €102 | +€102 | |
| Recurring financial income | 75 | - | €102 | +€102 | |
| Financial charges | 65/66B | €193 | €856 | +€664 | +344.3% |
| Recurring financial charges | 65 | €193 | €856 | +€664 | +344.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,807 | €26,832 | +€28,639 | |
| Income taxes | 67/77 | €160 | €7,105 | +€6,945 | +4340.6% |
| Profit (loss) for the period | 9904 | -€1,967 | €19,727 | +€21,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,967 | €19,727 | +€21,694 |
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 8 October 2026 via checked.be.