VEHENT: 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.
VEHENT
Largest movements
- Tangible fixed assets +€38,148
up €38,148 (+70.1%), from €54,457 to €92,605
of which Furniture and vehicles: +€43,252
- Receivables within one year +€6,052
up €6,052 (+82.7%), from €7,319 to €13,371
of which Trade receivables: +€3,523
- Reserves +€45,000
up €45,000 (+28.5%), from €158,000 to €203,000
- Debts after one year +€21,013
up €21,013 (+99.9%), from €21,037 to €42,050
- Trade debts -€18,033
down €18,033 (-29.4%), from €61,430 to €43,397
- Current portion of long-term debt +€13,225
up €13,225 (+87.8%), from €15,058 to €28,283
- Tax, wage and social debts -€10,782
down €10,782 (-31.8%), from €33,883 to €23,101
of which Taxes: -€12,661
- Gross operating margin -€50,840
down €50,840 (-21.3%), from €238,599 to €187,758
- Taxes -€14,637
down €14,637 (-42.7%), from €34,318 to €19,681
- Staff costs +€2,476
up €2,476 (+2.7%), from €93,113 to €95,589
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 | €323,635 | €369,605 | +€45,969 | +14.2% |
| Fixed assets | 21/28 | €54,457 | €92,605 | +€38,148 | +70.1% |
| Tangible fixed assets | 22/27 | €54,457 | €92,605 | +€38,148 | +70.1% |
| Land and buildings | 22 | €8,615 | €7,179 | -€1,436 | -16.7% |
| Plant, machinery and equipment | 23 | €7,572 | €3,904 | -€3,668 | -48.4% |
| Furniture and vehicles | 24 | €38,270 | €81,522 | +€43,252 | +113% |
| Current assets | 29/58 | €269,178 | €276,999 | +€7,821 | +2.9% |
| Amounts receivable within one year | 40/41 | €7,319 | €13,371 | +€6,052 | +82.7% |
| Trade receivables | 40 | €6,851 | €10,374 | +€3,523 | +51.4% |
| Other amounts receivable | 41 | €468 | €2,997 | +€2,529 | +540% |
| Cash at bank and in hand | 54/58 | €257,350 | €259,574 | +€2,224 | +0.9% |
| Deferred charges and accrued income | 490/1 | €4,509 | €4,054 | -€455 | -10.1% |
| Total equity and liabilities | 10/49 | €323,635 | €369,605 | +€45,969 | +14.2% |
| Equity | 10/15 | €166,811 | €212,316 | +€45,505 | +27.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €158,000 | €203,000 | +€45,000 | +28.5% |
| Distributable reserves | 133 | €158,000 | €203,000 | +€45,000 | +28.5% |
| Profit (loss) carried forward | 14 | -€1,189 | -€684 | +€505 | +42.5% |
| Amounts payable | 17/49 | €156,825 | €157,289 | +€464 | +0.3% |
| Amounts payable after more than one year | 17 | €21,037 | €42,050 | +€21,013 | +99.9% |
| Financial debts | 170/4 | €21,037 | €42,050 | +€21,013 | +99.9% |
| Amounts payable within one year | 42/48 | €135,787 | €115,239 | -€20,549 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €15,058 | €28,283 | +€13,225 | +87.8% |
| Trade debts | 44 | €61,430 | €43,397 | -€18,033 | -29.4% |
| Suppliers | 440/4 | €61,430 | €43,397 | -€18,033 | -29.4% |
| Taxes, remuneration and social security | 45 | €33,883 | €23,101 | -€10,782 | -31.8% |
| Taxes | 450/3 | €15,096 | €2,435 | -€12,661 | -83.9% |
| Remuneration and social security | 454/9 | €18,787 | €20,666 | +€1,880 | +10.0% |
| Other amounts payable | 47/48 | €25,416 | €20,457 | -€4,959 | -19.5% |
| Remuneration, social security and pensions | 62 | €93,113 | €95,589 | +€2,476 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,123 | €19,743 | +€619 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,470 | €0 | -€1,470 | -100% |
| Other operating charges | 640/8 | €1,444 | €1,420 | -€23 | -1.6% |
| Gross operating margin | 9900 | €238,599 | €187,758 | -€50,840 | -21.3% |
| Operating profit (loss) | 9901 | €123,449 | €71,007 | -€52,442 | -42.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €6,366 | €5,821 | -€545 | -8.6% |
| Recurring financial charges | 65 | €6,366 | €5,821 | -€545 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €117,083 | €65,186 | -€51,897 | -44.3% |
| Income taxes | 67/77 | €34,318 | €19,681 | -€14,637 | -42.7% |
| Profit (loss) for the period | 9904 | €82,765 | €45,505 | -€37,260 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,765 | €45,505 | -€37,260 | -45.0% |
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 20 October 2026 via checked.be.