VEKARE: 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.
VEKARE
Largest movements
- Receivables within one year -€167,843
down €167,843 (-100.0%), from €167,843 to €0
- Cash +€72,706
up €72,706 (+344.8%), from €21,088 to €93,794
mainly Receivables within one year (+€167,843) and Depreciation (+€56,449)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€213,121
no longer reported in 2025 (was €213,121)
- Gross operating margin +€2,271
up €2,271 (+2.3%), from €100,760 to €103,030
- Financial charges -€1,343
down €1,343 (-94.7%), from €1,419 to €76
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 | €7,023,721 | €6,872,134 | -€151,586 | -2.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,834,790 | €6,778,341 | -€56,449 | -0.8% |
| Tangible fixed assets | 22/27 | €1,347,731 | €1,291,282 | -€56,449 | -4.2% |
| Land and buildings | 22 | €1,347,731 | €1,291,282 | -€56,449 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €5,487,059 | €5,487,059 | = | 0.0% |
| Current assets | 29/58 | €188,931 | €93,794 | -€95,137 | -50.4% |
| Amounts receivable within one year | 40/41 | €167,843 | €0 | -€167,843 | -100.0% |
| Other amounts receivable | 41 | €167,843 | €0 | -€167,843 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,088 | €93,794 | +€72,706 | +344.8% |
| Total equity and liabilities | 10/49 | €7,023,721 | €6,872,134 | -€151,586 | -2.2% |
| Equity | 10/15 | €6,840,931 | €6,774,634 | -€66,297 | -1.0% |
| Contributions | 10/11 | €815,173 | €815,173 | = | 0.0% |
| Capital | 10 | €815,173 | €815,173 | = | 0.0% |
| Issued capital | 100 | €815,173 | €815,173 | = | 0.0% |
| Reserves | 13 | €237,820 | €237,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,282 | €90,282 | = | 0.0% |
| Legal reserve | 130 | €90,282 | €90,282 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,079 | €32,079 | = | 0.0% |
| Distributable reserves | 133 | €115,459 | €115,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,764,578 | €5,703,379 | -€61,199 | -1.1% |
| Investment grants | 15 | €23,360 | €18,262 | -€5,098 | -21.8% |
| Amounts payable | 17/49 | €182,789 | €97,500 | -€85,289 | -46.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €182,789 | €97,500 | -€85,289 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €32,789 | €0 | -€32,789 | -100.0% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €195 | +€195 | |
| Taxes | 450/3 | - | €195 | +€195 | |
| Other amounts payable | 47/48 | €150,000 | €97,305 | -€52,695 | -35.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,838 | €4,068 | -€771 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,449 | €56,449 | = | 0.0% |
| Other operating charges | 640/8 | €9,867 | €10,205 | +€338 | +3.4% |
| Gross operating margin | 9900 | €100,760 | €103,030 | +€2,271 | +2.3% |
| Operating profit (loss) | 9901 | €34,444 | €36,377 | +€1,933 | +5.6% |
| Financial income | 75/76B | €213,121 | - | -€213,121 | |
| Recurring financial income | 75 | €213,121 | - | -€213,121 | |
| Financial charges | 65/66B | €1,419 | €76 | -€1,343 | -94.7% |
| Recurring financial charges | 65 | €1,419 | €76 | -€1,343 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €246,146 | €36,301 | -€209,845 | -85.3% |
| Profit (loss) for the period | 9904 | €246,146 | €36,301 | -€209,845 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €246,146 | €36,301 | -€209,845 | -85.3% |
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 5 October 2026 via checked.be.