Vef-Deals: what changed
Vef-Deals
Largest movements
- Cash -€15,735
down €15,735 (-80.0%), from €19,675 to €3,940
mainly Advances received (-€9,900) and Net result for the year (-€3,258)
- Receivables within one year +€833
up €833 (+1.9%), from €43,389 to €44,222
of which Other amounts receivable: +€13,264
- Advances received -€9,900
no longer reported in 2025 (was €9,900)
- Reserves -€3,258
down €3,258 (-9.0%), from €36,049 to €32,791
- Trade debts -€1,368
down €1,368 (-65.4%), from €2,092 to €724
- Gross operating margin -€32,423
down €32,423, from €27,425 to -€4,998
- Taxes -€5,520
no longer reported in 2025 (was €5,520)
- Financial income +€1,580
up €1,580 (+416%), from €380 to €1,961
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,561 | €48,515 | -€15,046 | -23.7% |
| Fixed assets | 21/28 | €497 | €353 | -€144 | -28.9% |
| Tangible fixed assets | 22/27 | €497 | €353 | -€144 | -28.9% |
| Plant, machinery and equipment | 23 | €497 | €353 | -€144 | -28.9% |
| Current assets | 29/58 | €63,064 | €48,162 | -€14,902 | -23.6% |
| Amounts receivable within one year | 40/41 | €43,389 | €44,222 | +€833 | +1.9% |
| Trade receivables | 40 | €12,431 | - | -€12,431 | |
| Other amounts receivable | 41 | €30,958 | €44,222 | +€13,264 | +42.8% |
| Cash at bank and in hand | 54/58 | €19,675 | €3,940 | -€15,735 | -80.0% |
| Total equity and liabilities | 10/49 | €63,561 | €48,515 | -€15,046 | -23.7% |
| Equity | 10/15 | €51,049 | €47,791 | -€3,258 | -6.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €36,049 | €32,791 | -€3,258 | -9.0% |
| Distributable reserves | 133 | €36,049 | €32,791 | -€3,258 | -9.0% |
| Amounts payable | 17/49 | €12,512 | €724 | -€11,788 | -94.2% |
| Amounts payable within one year | 42/48 | €12,512 | €724 | -€11,788 | -94.2% |
| Trade debts | 44 | €2,092 | €724 | -€1,368 | -65.4% |
| Suppliers | 440/4 | €2,092 | €724 | -€1,368 | -65.4% |
| Advances received on contracts in progress | 46 | €9,900 | - | -€9,900 | |
| Taxes, remuneration and social security | 45 | €520 | - | -€520 | |
| Taxes | 450/3 | €520 | - | -€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €144 | = | 0.0% |
| Gross operating margin | 9900 | €27,425 | -€4,998 | -€32,423 | |
| Operating profit (loss) | 9901 | €27,281 | -€5,142 | -€32,423 | |
| Financial income | 75/76B | €380 | €1,961 | +€1,580 | +416% |
| Recurring financial income | 75 | €380 | €1,961 | +€1,580 | +416% |
| Financial charges | 65/66B | €61 | €76 | +€15 | +24.3% |
| Recurring financial charges | 65 | €61 | €76 | +€15 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €27,600 | -€3,258 | -€30,857 | |
| Income taxes | 67/77 | €5,520 | - | -€5,520 | |
| Profit (loss) for the period | 9904 | €22,080 | -€3,258 | -€25,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,080 | -€3,258 | -€25,338 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.