Vejoway: 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.
Vejoway
Largest movements
- Tangible fixed assets +€24,415
up €24,415 (+137.2%), from €17,796 to €42,210
of which Plant, machinery and equipment: +€23,368
- Cash +€5,507
up €5,507 (+6.3%), from €87,310 to €92,818
mainly Net result for the year (+€32,721) and Depreciation (+€9,260)
- Deferred charges and accrued income -€3,357
down €3,357 (-95.7%), from €3,507 to €150
- Receivables within one year -€1,922
down €1,922 (-10.9%), from €17,646 to €15,723
of which Trade receivables: -€1,922
- Reserves +€32,721
up €32,721 (+38.4%), from €85,227 to €117,948
- Trade debts -€11,031
down €11,031 (-82.2%), from €13,419 to €2,388
- Tax, wage and social debts +€6,788
up €6,788 (+36.1%), from €18,778 to €25,566
of which Taxes: +€8,353
- Other debts -€3,835
no longer reported in 2025 (was €3,835)
- Gross operating margin +€11,959
up €11,959 (+27.3%), from €43,876 to €55,835
- Financial income -€8,676
down €8,676 (-91.8%), from €9,449 to €773
of which Non-recurring financial income: -€9,248
- Depreciation +€6,573
up €6,573 (+244.6%), from €2,687 to €9,260
- Financial charges +€2,064
up €2,064 (+82.3%), from €2,509 to €4,573
- Taxes -€841
down €841 (-8.7%), from €9,679 to €8,839
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 | €126,258 | €150,901 | +€24,643 | +19.5% |
| Fixed assets | 21/28 | €17,796 | €42,210 | +€24,415 | +137.2% |
| Tangible fixed assets | 22/27 | €17,796 | €42,210 | +€24,415 | +137.2% |
| Plant, machinery and equipment | 23 | €6,197 | €29,565 | +€23,368 | +377.1% |
| Furniture and vehicles | 24 | €11,599 | €12,646 | +€1,047 | +9.0% |
| Current assets | 29/58 | €108,463 | €108,691 | +€228 | +0.2% |
| Amounts receivable within one year | 40/41 | €17,646 | €15,723 | -€1,922 | -10.9% |
| Trade receivables | 40 | €17,462 | €15,539 | -€1,922 | -11.0% |
| Other amounts receivable | 41 | €184 | €184 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,310 | €92,818 | +€5,507 | +6.3% |
| Deferred charges and accrued income | 490/1 | €3,507 | €150 | -€3,357 | -95.7% |
| Total equity and liabilities | 10/49 | €126,258 | €150,901 | +€24,643 | +19.5% |
| Equity | 10/15 | €90,227 | €122,948 | +€32,721 | +36.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,227 | €117,948 | +€32,721 | +38.4% |
| Distributable reserves | 133 | €85,227 | €117,948 | +€32,721 | +38.4% |
| Amounts payable | 17/49 | €36,032 | €27,954 | -€8,078 | -22.4% |
| Amounts payable within one year | 42/48 | €36,032 | €27,954 | -€8,078 | -22.4% |
| Trade debts | 44 | €13,419 | €2,388 | -€11,031 | -82.2% |
| Suppliers | 440/4 | €13,419 | €2,388 | -€11,031 | -82.2% |
| Taxes, remuneration and social security | 45 | €18,778 | €25,566 | +€6,788 | +36.1% |
| Taxes | 450/3 | €17,213 | €25,566 | +€8,353 | +48.5% |
| Remuneration and social security | 454/9 | €1,565 | - | -€1,565 | |
| Other amounts payable | 47/48 | €3,835 | - | -€3,835 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,687 | €9,260 | +€6,573 | +244.6% |
| Other operating charges | 640/8 | €1,115 | €1,215 | +€101 | +9.0% |
| Gross operating margin | 9900 | €43,876 | €55,835 | +€11,959 | +27.3% |
| Operating profit (loss) | 9901 | €40,074 | €45,360 | +€5,285 | +13.2% |
| Financial income | 75/76B | €9,449 | €773 | -€8,676 | -91.8% |
| Recurring financial income | 75 | €84 | €656 | +€572 | +685.2% |
| Non-recurring financial income | 76B | €9,366 | €117 | -€9,248 | -98.7% |
| Financial charges | 65/66B | €2,509 | €4,573 | +€2,064 | +82.3% |
| Recurring financial charges | 65 | €2,509 | €4,573 | +€2,064 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €47,015 | €41,559 | -€5,455 | -11.6% |
| Income taxes | 67/77 | €9,679 | €8,839 | -€841 | -8.7% |
| Profit (loss) for the period | 9904 | €37,335 | €32,721 | -€4,615 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,335 | €32,721 | -€4,615 | -12.4% |
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.