VEFEM: 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.
VEFEM
Largest movements
- Cash -€12,371
no longer reported in 2025 (was €12,371)
mainly Other debts (-€21,942) and Net result for the year (-€1,423)
- Financial fixed assets -€9,569
down €9,569 (-2.7%), from €349,803 to €340,234
- Other debts -€21,942
down €21,942 (-11.1%), from €197,626 to €175,684
- Gross operating margin +€1,752
up €1,752 (+55.6%), from -€3,152 to -€1,400
- Purchases and services +€1,400
new in 2025: €1,400
- Other operating charges -€620
no longer reported in 2025 (was €620)
- Financial charges -€572
down €572 (-96.2%), from €594 to €23
- Taxes -€176
no longer reported in 2025 (was €176)
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 | €362,732 | €341,069 | -€21,663 | -6.0% |
| Fixed assets | 21/28 | €349,803 | €340,234 | -€9,569 | -2.7% |
| Financial fixed assets | 28 | €349,803 | €340,234 | -€9,569 | -2.7% |
| Current assets | 29/58 | €12,929 | €835 | -€12,094 | -93.5% |
| Amounts receivable within one year | 40/41 | €558 | €835 | +€278 | +49.8% |
| Other amounts receivable | 41 | €558 | €835 | +€278 | +49.8% |
| Cash at bank and in hand | 54/58 | €12,371 | - | -€12,371 | |
| Total equity and liabilities | 10/49 | €362,732 | €341,069 | -€21,663 | -6.0% |
| Equity | 10/15 | €126,171 | €124,748 | -€1,423 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €73,892 | €73,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,032 | €72,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,679 | €32,257 | -€1,423 | -4.2% |
| Amounts payable | 17/49 | €236,561 | €216,321 | -€20,241 | -8.6% |
| Amounts payable within one year | 42/48 | €236,561 | €216,321 | -€20,241 | -8.6% |
| Financial debts | 43 | - | €8 | +€8 | |
| Credit institutions | 430/8 | - | €8 | +€8 | |
| Trade debts | 44 | €28,830 | €30,524 | +€1,694 | +5.9% |
| Suppliers | 440/4 | €28,830 | €30,524 | +€1,694 | +5.9% |
| Taxes, remuneration and social security | 45 | €10,106 | €10,106 | = | 0.0% |
| Taxes | 450/3 | €10,106 | €10,106 | = | 0.0% |
| Other amounts payable | 47/48 | €197,626 | €175,684 | -€21,942 | -11.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,400 | +€1,400 | |
| Other operating charges | 640/8 | €620 | - | -€620 | |
| Gross operating margin | 9900 | -€3,152 | -€1,400 | +€1,752 | +55.6% |
| Operating profit (loss) | 9901 | -€3,772 | -€1,400 | +€2,372 | +62.9% |
| Financial charges | 65/66B | €594 | €23 | -€572 | -96.2% |
| Recurring financial charges | 65 | €594 | €23 | -€572 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,366 | -€1,423 | +€2,944 | +67.4% |
| Income taxes | 67/77 | €176 | - | -€176 | |
| Profit (loss) for the period | 9904 | -€4,542 | -€1,423 | +€3,119 | +68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,542 | -€1,423 | +€3,119 | +68.7% |
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.