VEGGA: 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.
VEGGA
Largest movements
- Tangible fixed assets -€18,708
down €18,708 (-5.5%), from €339,426 to €320,718
of which Plant, machinery and equipment: -€100,827
- Deferred charges and accrued income -€7,500
down €7,500 (-100.0%), from €7,500 to €0
- Receivables within one year +€5,728
up €5,728 (+18.7%), from €30,564 to €36,293
of which Other amounts receivable: +€3,478
- Profit (loss) carried forward -€17,420
down €17,420 (-13.3%), from -€131,348 to -€148,767
- Current portion of long-term debt -€8,105
down €8,105 (-100.0%), from €8,105 to €0
- Turnover -€55,968
down €55,968 (-86.4%), from €64,782 to €8,814
- Gross operating margin -€46,825
down €46,825 (-97.0%), from €48,273 to €1,448
- Financial charges -€30,407
down €30,407 (-99.5%), from €30,567 to €160
- Purchases and services -€11,100
down €11,100 (-58.5%), from €18,967 to €7,867
- Depreciation -€3,359
down €3,359 (-15.2%), from €22,067 to €18,708
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 | €378,804 | €357,011 | -€21,793 | -5.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €339,426 | €320,718 | -€18,708 | -5.5% |
| Tangible fixed assets | 22/27 | €339,426 | €320,718 | -€18,708 | -5.5% |
| Land and buildings | 22 | €235,659 | €320,718 | +€85,059 | +36.1% |
| Plant, machinery and equipment | 23 | €100,827 | - | -€100,827 | |
| Furniture and vehicles | 24 | €2,940 | €0 | -€2,940 | -100.0% |
| Current assets | 29/58 | €39,378 | €36,293 | -€3,085 | -7.8% |
| Amounts receivable within one year | 40/41 | €30,564 | €36,293 | +€5,728 | +18.7% |
| Trade receivables | 40 | - | €2,250 | +€2,250 | |
| Other amounts receivable | 41 | €30,564 | €34,043 | +€3,478 | +11.4% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €1,314 | - | -€1,314 | |
| Deferred charges and accrued income | 490/1 | €7,500 | €0 | -€7,500 | -100.0% |
| Total equity and liabilities | 10/49 | €378,804 | €357,011 | -€21,793 | -5.8% |
| Equity | 10/15 | -€110,896 | -€128,316 | -€17,420 | -15.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Share premium | 1100/10 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€131,348 | -€148,767 | -€17,420 | -13.3% |
| Amounts payable | 17/49 | €489,701 | €485,327 | -€4,374 | -0.9% |
| Amounts payable after more than one year | 17 | €474,562 | €478,267 | +€3,705 | +0.8% |
| Financial debts | 170/4 | €474,562 | €478,267 | +€3,705 | +0.8% |
| Amounts payable within one year | 42/48 | €15,139 | €7,060 | -€8,079 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €8,105 | €0 | -€8,105 | -100.0% |
| Trade debts | 44 | €7,034 | €7,060 | +€26 | +0.4% |
| Suppliers | 440/4 | €7,034 | €7,060 | +€26 | +0.4% |
| Turnover | 70 | €64,782 | €8,814 | -€55,968 | -86.4% |
| Non-recurring operating income | 76A | - | €501 | +€501 | |
| Goods, raw materials, services and sundry goods | 60/61 | €18,967 | €7,867 | -€11,100 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,067 | €18,708 | -€3,359 | -15.2% |
| Other operating charges | 640/8 | €1,974 | €0 | -€1,974 | -100.0% |
| Gross operating margin | 9900 | €48,273 | €1,448 | -€46,825 | -97.0% |
| Operating profit (loss) | 9901 | €24,232 | -€17,260 | -€41,492 | |
| Financial charges | 65/66B | €30,567 | €160 | -€30,407 | -99.5% |
| Recurring financial charges | 65 | €30,567 | €160 | -€30,407 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,335 | -€17,420 | -€11,085 | -175.0% |
| Income taxes | 67/77 | €1,502 | €0 | -€1,502 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,837 | -€17,420 | -€9,583 | -122.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,837 | -€17,420 | -€9,583 | -122.3% |
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 3 October 2026 via checked.be.