VEKAJE: 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.
VEKAJE
Largest movements
- Receivables within one year +€215,865
up €215,865 (+361.4%), from €59,733 to €275,598
of which Other amounts receivable: +€226,910
- Cash -€5,127
down €5,127 (-10.6%), from €48,535 to €43,408
mainly Receivables within one year (-€215,865) and Contributions, distributions and other (-€104,000)
- Other debts +€226,500
up €226,500 (+283.1%), from €80,000 to €306,500
- Current portion of long-term debt -€14,503
down €14,503 (-100.0%), from €14,503 to €0
- Reserves -€4,365
down €4,365 (-97.9%), from €4,460 to €95
- Depreciation -€17,099
down €17,099 (-96.1%), from €17,802 to €702
- Financial income +€6,944
up €6,944 (+945.0%), from €735 to €7,679
- Taxes +€5,681
up €5,681 (+19.6%), from €28,978 to €34,659
- Financial charges +€2,397
up €2,397 (+338.3%), from €708 to €3,105
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 | €111,811 | €322,002 | +€210,192 | +188.0% |
| Fixed assets | 21/28 | €1,694 | €991 | -€702 | -41.5% |
| Tangible fixed assets | 22/27 | €1,694 | €991 | -€702 | -41.5% |
| Plant, machinery and equipment | 23 | €1,694 | €991 | -€702 | -41.5% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Current assets | 29/58 | €110,117 | €321,011 | +€210,894 | +191.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €59,733 | €275,598 | +€215,865 | +361.4% |
| Trade receivables | 40 | €11,046 | €0 | -€11,046 | -100.0% |
| Other amounts receivable | 41 | €48,687 | €275,598 | +€226,910 | +466.1% |
| Cash at bank and in hand | 54/58 | €48,535 | €43,408 | -€5,127 | -10.6% |
| Deferred charges and accrued income | 490/1 | €1,849 | €2,005 | +€156 | +8.4% |
| Total equity and liabilities | 10/49 | €111,811 | €322,002 | +€210,192 | +188.0% |
| Equity | 10/15 | €7,460 | €3,095 | -€4,365 | -58.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,460 | €95 | -€4,365 | -97.9% |
| Distributable reserves | 133 | €4,460 | €95 | -€4,365 | -97.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,350 | €318,907 | +€214,556 | +205.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €104,350 | €318,907 | +€214,556 | +205.6% |
| Current portion of amounts payable after more than one year | 42 | €14,503 | €0 | -€14,503 | -100.0% |
| Trade debts | 44 | €643 | €752 | +€110 | +17.1% |
| Suppliers | 440/4 | €643 | €752 | +€110 | +17.1% |
| Taxes, remuneration and social security | 45 | €9,205 | €11,654 | +€2,450 | +26.6% |
| Taxes | 450/3 | €9,205 | €11,654 | +€2,450 | +26.6% |
| Other amounts payable | 47/48 | €80,000 | €306,500 | +€226,500 | +283.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,802 | €702 | -€17,099 | -96.1% |
| Other operating charges | 640/8 | €1,285 | €1,078 | -€208 | -16.1% |
| Gross operating margin | 9900 | €130,613 | €131,501 | +€888 | +0.7% |
| Operating profit (loss) | 9901 | €111,526 | €129,720 | +€18,194 | +16.3% |
| Financial income | 75/76B | €735 | €7,679 | +€6,944 | +945.0% |
| Recurring financial income | 75 | €735 | €7,679 | +€6,944 | +945.0% |
| Financial charges | 65/66B | €708 | €3,105 | +€2,397 | +338.3% |
| Recurring financial charges | 65 | €708 | €3,105 | +€2,397 | +338.3% |
| Profit (loss) for the period before taxes | 9903 | €111,552 | €134,294 | +€22,742 | +20.4% |
| Income taxes | 67/77 | €28,978 | €34,659 | +€5,681 | +19.6% |
| Profit (loss) for the period | 9904 | €82,575 | €99,635 | +€17,060 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,575 | €99,635 | +€17,060 | +20.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.