VEKASCO: 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.
VEKASCO
Largest movements
- Tangible fixed assets -€9,686
down €9,686 (-1.7%), from €579,304 to €569,618
of which Land and buildings: -€9,664
- Profit (loss) carried forward +€37,172
up €37,172 (+21.3%), from -€174,613 to -€137,441
- Debts after one year -€26,966
down €26,966 (-13.7%), from €196,138 to €169,172
- Other debts -€19,064
down €19,064 (-5.5%), from €347,629 to €328,565
- Depreciation -€36,234
down €36,234 (-78.9%), from €45,921 to €9,686
- Gross operating margin -€2,014
down €2,014 (-3.7%), from €54,228 to €52,215
- Financial charges -€1,894
down €1,894 (-38.8%), from €4,885 to €2,991
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 | €598,092 | €589,356 | -€8,736 | -1.5% |
| Fixed assets | 21/28 | €579,304 | €569,618 | -€9,686 | -1.7% |
| Tangible fixed assets | 22/27 | €579,304 | €569,618 | -€9,686 | -1.7% |
| Land and buildings | 22 | €579,105 | €569,441 | -€9,664 | -1.7% |
| Furniture and vehicles | 24 | €199 | €177 | -€22 | -11.1% |
| Current assets | 29/58 | €18,788 | €19,738 | +€951 | +5.1% |
| Amounts receivable within one year | 40/41 | - | €264 | +€264 | |
| Trade receivables | 40 | - | €264 | +€264 | |
| Cash at bank and in hand | 54/58 | €16,637 | €17,213 | +€576 | +3.5% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,262 | +€111 | +5.1% |
| Total equity and liabilities | 10/49 | €598,092 | €589,356 | -€8,736 | -1.5% |
| Equity | 10/15 | €25,387 | €62,559 | +€37,172 | +146.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,613 | -€137,441 | +€37,172 | +21.3% |
| Amounts payable | 17/49 | €572,705 | €526,797 | -€45,908 | -8.0% |
| Amounts payable after more than one year | 17 | €196,138 | €169,172 | -€26,966 | -13.7% |
| Financial debts | 170/4 | €196,138 | €169,172 | -€26,966 | -13.7% |
| Amounts payable within one year | 42/48 | €376,567 | €357,625 | -€18,942 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €26,627 | €26,966 | +€339 | +1.3% |
| Trade debts | 44 | €1,857 | €2,094 | +€237 | +12.8% |
| Suppliers | 440/4 | €1,857 | €2,094 | +€237 | +12.8% |
| Taxes, remuneration and social security | 45 | €455 | - | -€455 | |
| Taxes | 450/3 | €455 | - | -€455 | |
| Other amounts payable | 47/48 | €347,629 | €328,565 | -€19,064 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,921 | €9,686 | -€36,234 | -78.9% |
| Other operating charges | 640/8 | €2,298 | €2,365 | +€67 | +2.9% |
| Gross operating margin | 9900 | €54,228 | €52,215 | -€2,014 | -3.7% |
| Operating profit (loss) | 9901 | €6,010 | €40,163 | +€34,153 | +568.3% |
| Financial charges | 65/66B | €4,885 | €2,991 | -€1,894 | -38.8% |
| Recurring financial charges | 65 | €4,885 | €2,991 | -€1,894 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €1,124 | €37,172 | +€36,048 | +3205.7% |
| Profit (loss) for the period | 9904 | €1,124 | €37,172 | +€36,048 | +3205.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,124 | €37,172 | +€36,048 | +3205.7% |
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 8 October 2026 via checked.be.