VEKAM: 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.
VEKAM
Largest movements
- Tangible fixed assets -€11,284
down €11,284 (-10.1%), from €111,384 to €100,100
of which Land and buildings: -€9,456
- Receivables within one year +€2,000
new in 2025: €2,000
- Profit (loss) carried forward -€7,822
down €7,822 (-57.0%), from -€13,729 to -€21,551
- Gross operating margin -€2,860
down €2,860 (-24.4%), from €11,716 to €8,855
- Depreciation +€336
up €336 (+3.1%), from €10,948 to €11,284
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 | €123,473 | €115,004 | -€8,468 | -6.9% |
| Fixed assets | 21/28 | €111,384 | €100,100 | -€11,284 | -10.1% |
| Tangible fixed assets | 22/27 | €111,384 | €100,100 | -€11,284 | -10.1% |
| Land and buildings | 22 | €109,134 | €99,677 | -€9,456 | -8.7% |
| Plant, machinery and equipment | 23 | €2,251 | €423 | -€1,828 | -81.2% |
| Current assets | 29/58 | €12,088 | €14,904 | +€2,816 | +23.3% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €11,518 | €12,310 | +€792 | +6.9% |
| Deferred charges and accrued income | 490/1 | €570 | €594 | +€24 | +4.1% |
| Total equity and liabilities | 10/49 | €123,473 | €115,004 | -€8,468 | -6.9% |
| Equity | 10/15 | €118,521 | €110,699 | -€7,822 | -6.6% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €39,290 | €39,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,372 | €12,372 | = | 0.0% |
| Distributable reserves | 133 | €17,621 | €17,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,729 | -€21,551 | -€7,822 | -57.0% |
| Amounts payable | 17/49 | €4,951 | €4,305 | -€646 | -13.1% |
| Amounts payable within one year | 42/48 | €4,951 | €4,305 | -€646 | -13.1% |
| Trade debts | 44 | €834 | €0 | -€834 | -100% |
| Suppliers | 440/4 | €834 | €0 | -€834 | -100% |
| Other amounts payable | 47/48 | €4,117 | €4,305 | +€188 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,948 | €11,284 | +€336 | +3.1% |
| Other operating charges | 640/8 | €5,422 | €5,339 | -€83 | -1.5% |
| Gross operating margin | 9900 | €11,716 | €8,855 | -€2,860 | -24.4% |
| Operating profit (loss) | 9901 | -€4,655 | -€7,769 | -€3,113 | -66.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,706 | -€7,822 | -€3,116 | -66.2% |
| Profit (loss) for the period | 9904 | -€4,706 | -€7,822 | -€3,116 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,706 | -€7,822 | -€3,116 | -66.2% |
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 24 October 2026 via checked.be.