VEHUMA: 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.
VEHUMA
Largest movements
- Cash +€7,580
up €7,580 (+14.8%), from €51,390 to €58,970
mainly Depreciation (+€2,719) and Net result for the year (+€2,320)
- Tangible fixed assets -€2,719
down €2,719 (-5.1%), from €53,653 to €50,934
- Profit (loss) carried forward +€2,320
up €2,320 (+8.3%), from -€28,004 to -€25,684
- Other debts +€1,578
new in 2025: €1,578
- Debts after one year +€1,410
up €1,410 (+1.9%), from €72,958 to €74,368
- Trade debts -€1,198
no longer reported in 2025 (was €1,198)
- Other operating charges +€841
up €841 (+39.0%), from €2,159 to €3,001
- Gross operating margin +€445
up €445 (+5.8%), from €7,640 to €8,085
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 | €110,012 | €114,121 | +€4,109 | +3.7% |
| Fixed assets | 21/28 | €53,653 | €50,934 | -€2,719 | -5.1% |
| Tangible fixed assets | 22/27 | €53,653 | €50,934 | -€2,719 | -5.1% |
| Land and buildings | 22 | €53,653 | €50,934 | -€2,719 | -5.1% |
| Current assets | 29/58 | €56,359 | €63,188 | +€6,829 | +12.1% |
| Cash at bank and in hand | 54/58 | €51,390 | €58,970 | +€7,580 | +14.8% |
| Deferred charges and accrued income | 490/1 | €4,969 | €4,217 | -€752 | -15.1% |
| Total equity and liabilities | 10/49 | €110,012 | €114,121 | +€4,109 | +3.7% |
| Equity | 10/15 | €35,856 | €38,175 | +€2,320 | +6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| 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 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,004 | -€25,684 | +€2,320 | +8.3% |
| Amounts payable | 17/49 | €74,156 | €75,946 | +€1,790 | +2.4% |
| Amounts payable after more than one year | 17 | €72,958 | €74,368 | +€1,410 | +1.9% |
| Financial debts | 170/4 | €72,958 | €74,368 | +€1,410 | +1.9% |
| Amounts payable within one year | 42/48 | €1,198 | €1,578 | +€380 | +31.7% |
| Trade debts | 44 | €1,198 | - | -€1,198 | |
| Suppliers | 440/4 | €1,198 | - | -€1,198 | |
| Other amounts payable | 47/48 | - | €1,578 | +€1,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,719 | €2,719 | = | 0.0% |
| Other operating charges | 640/8 | €2,159 | €3,001 | +€841 | +39.0% |
| Gross operating margin | 9900 | €7,640 | €8,085 | +€445 | +5.8% |
| Operating profit (loss) | 9901 | €2,761 | €2,365 | -€397 | -14.4% |
| Financial charges | 65/66B | €61 | €45 | -€16 | -26.4% |
| Recurring financial charges | 65 | €61 | €45 | -€16 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €2,700 | €2,320 | -€381 | -14.1% |
| Profit (loss) for the period | 9904 | €2,700 | €2,320 | -€381 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,700 | €2,320 | -€381 | -14.1% |
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 12 October 2026 via checked.be.