VEHACOM: what changed
Two financial 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.
VEHACOM
Largest movements
- Cash -€15,597
down €15,597 (-83.9%), from €18,580 to €2,983
mainly Net result for the year (-€16,085) and Tax, wage and social debts (-€7,285)
- Receivables within one year -€9,109
down €9,109 (-95.2%), from €9,572 to €463
of which Trade receivables: -€9,572
- Tangible fixed assets +€1,925
up €1,925 (+59.3%), from €3,246 to €5,171
- Formation expenses -€353
down €353 (-57.1%), from €617 to €264
- Profit (loss) carried forward -€16,085
down €16,085, from €14,712 to -€1,372
- Tax, wage and social debts -€7,285
down €7,285 (-45.0%), from €16,185 to €8,900
of which Taxes: -€7,410
- Accrued charges and deferred income +€465
new in 2025: €465
- Other debts -€362
down €362 (-63.0%), from €575 to €213
- Gross operating margin -€35,183
down €35,183, from €25,502 to -€9,681
- Taxes -€4,968
down €4,968 (-95.0%), from €5,231 to €263
- Depreciation +€961
up €961 (+93.0%), from €1,034 to €1,995
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.
Derived cash bridge
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 | €33,460 | €10,340 | -€23,120 | -69.1% |
| Formation expenses | 20 | €617 | €264 | -€353 | -57.1% |
| Fixed assets | 21/28 | €3,246 | €5,171 | +€1,925 | +59.3% |
| Tangible fixed assets | 22/27 | €3,246 | €5,171 | +€1,925 | +59.3% |
| Furniture and vehicles | 24 | €3,246 | €5,171 | +€1,925 | +59.3% |
| Current assets | 29/58 | €29,597 | €4,904 | -€24,692 | -83.4% |
| Amounts receivable within one year | 40/41 | €9,572 | €463 | -€9,109 | -95.2% |
| Trade receivables | 40 | €9,572 | - | -€9,572 | |
| Other amounts receivable | 41 | - | €463 | +€463 | |
| Cash at bank and in hand | 54/58 | €18,580 | €2,983 | -€15,597 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,445 | €1,458 | +€14 | +0.9% |
| Total equity and liabilities | 10/49 | €33,460 | €10,340 | -€23,120 | -69.1% |
| Equity | 10/15 | €15,712 | -€372 | -€16,085 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,712 | -€1,372 | -€16,085 | |
| Amounts payable | 17/49 | €17,748 | €10,713 | -€7,036 | -39.6% |
| Amounts payable within one year | 42/48 | €17,748 | €10,248 | -€7,500 | -42.3% |
| Trade debts | 44 | €988 | €1,135 | +€147 | +14.8% |
| Suppliers | 440/4 | €988 | €1,135 | +€147 | +14.8% |
| Taxes, remuneration and social security | 45 | €16,185 | €8,900 | -€7,285 | -45.0% |
| Taxes | 450/3 | €16,185 | €8,775 | -€7,410 | -45.8% |
| Remuneration and social security | 454/9 | - | €125 | +€125 | |
| Other amounts payable | 47/48 | €575 | €213 | -€362 | -63.0% |
| Accrued charges and deferred income | 492/3 | - | €465 | +€465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,034 | €1,995 | +€961 | +93.0% |
| Other operating charges | 640/8 | €835 | €607 | -€228 | -27.3% |
| Gross operating margin | 9900 | €25,502 | -€9,681 | -€35,183 | |
| Operating profit (loss) | 9901 | €23,633 | -€12,283 | -€35,916 | |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €3,690 | €3,556 | -€135 | -3.6% |
| Recurring financial charges | 65 | €3,690 | €3,556 | -€135 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €19,943 | -€15,822 | -€35,765 | |
| Income taxes | 67/77 | €5,231 | €263 | -€4,968 | -95.0% |
| Profit (loss) for the period | 9904 | €14,712 | -€16,085 | -€30,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,712 | -€16,085 | -€30,797 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.