VEJOPIROX: 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.
VEJOPIROX
Largest movements
- Receivables within one year -€122,512
down €122,512 (-14.7%), from €834,761 to €712,249
of which Trade receivables: -€138,923
- Cash +€106,961
up €106,961 (+372%), from €28,757 to €135,717
mainly Net result for the year (+€202,957) and Receivables within one year (+€122,512)
- Profit (loss) carried forward +€192,807
up €192,807 (+11.0%), from €1.7m to €1.9m
- Other debts -€86,061
down €86,061 (-34.6%), from €249,039 to €162,978
- Debts after one year -€61,846
down €61,846 (-79.8%), from €77,477 to €15,631
- Tax, wage and social debts -€50,807
down €50,807 (-16.1%), from €314,816 to €264,009
of which Taxes: -€51,123
- Gross operating margin -€395,005
down €395,005 (-50.6%), from €780,621 to €385,616
- Staff costs -€112,521
down €112,521 (-56.6%), from €198,749 to €86,228
- Taxes -€74,164
down €74,164 (-47.8%), from €155,310 to €81,147
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 | €4,819,939 | €4,788,645 | -€31,294 | -0.6% |
| Fixed assets | 21/28 | €3,950,358 | €3,938,853 | -€11,505 | -0.3% |
| Tangible fixed assets | 22/27 | €170,519 | €159,014 | -€11,505 | -6.7% |
| Land and buildings | 22 | €124,127 | €124,127 | = | 0.0% |
| Plant, machinery and equipment | 23 | €30,653 | €30,653 | = | 0.0% |
| Furniture and vehicles | 24 | €15,739 | €4,234 | -€11,505 | -73.1% |
| Financial fixed assets | 28 | €3,779,839 | €3,779,839 | = | 0.0% |
| Current assets | 29/58 | €869,581 | €849,791 | -€19,789 | -2.3% |
| Amounts receivable within one year | 40/41 | €834,761 | €712,249 | -€122,512 | -14.7% |
| Trade receivables | 40 | €212,440 | €73,517 | -€138,923 | -65.4% |
| Other amounts receivable | 41 | €622,321 | €638,732 | +€16,411 | +2.6% |
| Cash at bank and in hand | 54/58 | €28,757 | €135,717 | +€106,961 | +372% |
| Deferred charges and accrued income | 490/1 | €6,063 | €1,825 | -€4,238 | -69.9% |
| Total equity and liabilities | 10/49 | €4,819,939 | €4,788,645 | -€31,294 | -0.6% |
| Equity | 10/15 | €4,055,767 | €4,258,723 | +€202,957 | +5.0% |
| Contributions | 10/11 | €2,081,440 | €2,081,440 | = | 0.0% |
| Capital | 10 | €2,081,440 | €2,081,440 | = | 0.0% |
| Issued capital | 100 | €2,081,440 | €2,081,440 | = | 0.0% |
| Reserves | 13 | €228,845 | €238,995 | +€10,150 | +4.4% |
| Non-distributable reserves | 130/1 | €100,981 | €111,131 | +€10,150 | +10.1% |
| Legal reserve | 130 | €100,981 | €111,131 | +€10,150 | +10.1% |
| Distributable reserves | 133 | €127,863 | €127,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,745,482 | €1,938,289 | +€192,807 | +11.0% |
| Amounts payable | 17/49 | €764,172 | €529,921 | -€234,251 | -30.7% |
| Amounts payable after more than one year | 17 | €77,477 | €15,631 | -€61,846 | -79.8% |
| Financial debts | 170/4 | €77,477 | €15,631 | -€61,846 | -79.8% |
| Amounts payable within one year | 42/48 | €686,696 | €514,290 | -€172,406 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €60,774 | €61,846 | +€1,072 | +1.8% |
| Trade debts | 44 | €62,067 | €25,458 | -€36,609 | -59.0% |
| Suppliers | 440/4 | €62,067 | €25,458 | -€36,609 | -59.0% |
| Taxes, remuneration and social security | 45 | €314,816 | €264,009 | -€50,807 | -16.1% |
| Taxes | 450/3 | €305,944 | €254,821 | -€51,123 | -16.7% |
| Remuneration and social security | 454/9 | €8,872 | €9,188 | +€316 | +3.6% |
| Other amounts payable | 47/48 | €249,039 | €162,978 | -€86,061 | -34.6% |
| Non-recurring operating income | 76A | €668,872 | €12,819 | -€656,053 | -98.1% |
| Remuneration, social security and pensions | 62 | €198,749 | €86,228 | -€112,521 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,632 | €5,474 | -€158 | -2.8% |
| Other operating charges | 640/8 | €6,525 | €1,118 | -€5,407 | -82.9% |
| Non-recurring operating charges | 66A | - | €4,788 | +€4,788 | |
| Gross operating margin | 9900 | €780,621 | €385,616 | -€395,005 | -50.6% |
| Operating profit (loss) | 9901 | €569,715 | €288,007 | -€281,707 | -49.4% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €3,785 | €3,904 | +€119 | +3.1% |
| Recurring financial charges | 65 | €3,785 | €3,904 | +€119 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €565,967 | €284,103 | -€281,863 | -49.8% |
| Income taxes | 67/77 | €155,310 | €81,147 | -€74,164 | -47.8% |
| Profit (loss) for the period | 9904 | €410,656 | €202,957 | -€207,700 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €410,656 | €202,957 | -€207,700 | -50.6% |
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 23 October 2026 via checked.be.