VEKAVE: 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.
VEKAVE
Largest movements
- Cash -€185,333
no longer reported in 2026 (was €185,333)
mainly Current investments (-€123,841) and Contributions, distributions and other (-€115,000)
- Current investments +€123,841
new in 2026: €123,841
- Tangible fixed assets -€102,061
down €102,061 (-8.4%), from €1.2m to €1.1m
of which Land and buildings: -€101,521
- Receivables within one year -€31,221
down €31,221 (-74.0%), from €42,178 to €10,957
of which Trade receivables: -€21,848
- Profit (loss) carried forward -€483,681
no longer reported in 2026 (was €483,681)
- Reserves +€359,516
up €359,516 (+166.3%), from €216,236 to €575,751
of which Distributable reserves: +€368,889
- Other debts -€66,828
down €66,828 (-36.3%), from €184,306 to €117,478
- Gross operating margin -€212,766
down €212,766 (-67.8%), from €313,988 to €101,222
- Taxes -€55,283
down €55,283 (-97.2%), from €56,892 to €1,608
- Turnover +€16,914
up €16,914 (+13.3%), from €127,321 to €144,235
- Purchases and services -€9,516
down €9,516 (-18.0%), from €52,901 to €43,385
- Financial income +€5,478
up €5,478 (+125.8%), from €4,353 to €9,832
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,514,857 | €1,320,083 | -€194,775 | -12.9% |
| Fixed assets | 21/28 | €1,219,982 | €1,117,921 | -€102,061 | -8.4% |
| Tangible fixed assets | 22/27 | €1,219,982 | €1,117,921 | -€102,061 | -8.4% |
| Land and buildings | 22 | €1,217,606 | €1,116,085 | -€101,521 | -8.3% |
| Furniture and vehicles | 24 | €2,376 | €1,836 | -€540 | -22.7% |
| Current assets | 29/58 | €294,875 | €202,162 | -€92,713 | -31.4% |
| Amounts receivable after more than one year | 29 | €64,774 | €64,774 | = | 0.0% |
| Other amounts receivable | 291 | €64,774 | €64,774 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,178 | €10,957 | -€31,221 | -74.0% |
| Trade receivables | 40 | €28,343 | €6,495 | -€21,848 | -77.1% |
| Other amounts receivable | 41 | €13,835 | €4,462 | -€9,373 | -67.8% |
| Current investments | 50/53 | - | €123,841 | +€123,841 | |
| Cash at bank and in hand | 54/58 | €185,333 | - | -€185,333 | |
| Deferred charges and accrued income | 490/1 | €2,591 | €2,591 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,514,857 | €1,320,083 | -€194,775 | -12.9% |
| Equity | 10/15 | €1,255,672 | €1,131,507 | -€124,166 | -9.9% |
| Contributions | 10/11 | €555,755 | €555,755 | = | 0.0% |
| Reserves | 13 | €216,236 | €575,751 | +€359,516 | +166.3% |
| Tax-exempt reserves | 132 | €173,026 | €163,653 | -€9,373 | -5.4% |
| Distributable reserves | 133 | €43,210 | €412,099 | +€368,889 | +853.7% |
| Profit (loss) carried forward | 14 | €483,681 | - | -€483,681 | |
| Provisions and deferred taxes | 16 | €74,154 | €71,029 | -€3,124 | -4.2% |
| Deferred taxes | 168 | €74,154 | €71,029 | -€3,124 | -4.2% |
| Amounts payable | 17/49 | €185,031 | €117,546 | -€67,485 | -36.5% |
| Amounts payable within one year | 42/48 | €185,031 | €117,546 | -€67,485 | -36.5% |
| Taxes, remuneration and social security | 45 | €725 | €68 | -€657 | -90.6% |
| Taxes | 450/3 | €725 | €68 | -€657 | -90.6% |
| Other amounts payable | 47/48 | €184,306 | €117,478 | -€66,828 | -36.3% |
| Turnover | 70 | €127,321 | €144,235 | +€16,914 | +13.3% |
| Non-recurring operating income | 76A | €239,568 | - | -€239,568 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,901 | €43,385 | -€9,516 | -18.0% |
| Remuneration, social security and pensions | 62 | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,208 | €102,061 | -€146 | -0.1% |
| Other operating charges | 640/8 | €15,344 | €15,439 | +€94 | +0.6% |
| Gross operating margin | 9900 | €313,988 | €101,222 | -€212,766 | -67.8% |
| Operating profit (loss) | 9901 | €191,936 | -€16,278 | -€208,214 | |
| Financial income | 75/76B | €4,353 | €9,832 | +€5,478 | +125.8% |
| Recurring financial income | 75 | €4,353 | €9,832 | +€5,478 | +125.8% |
| Financial charges | 65/66B | €1,157 | €4,235 | +€3,079 | +266.2% |
| Recurring financial charges | 65 | €1,157 | €4,235 | +€3,079 | +266.2% |
| Profit (loss) for the period before taxes | 9903 | €195,133 | -€10,682 | -€205,815 | |
| Transfer from deferred taxes | 780 | €4,513 | €3,124 | -€1,389 | -30.8% |
| Income taxes | 67/77 | €56,892 | €1,608 | -€55,283 | -97.2% |
| Profit (loss) for the period | 9904 | €142,755 | -€9,166 | -€151,921 | |
| Transfer from tax-exempt reserves | 789 | €10,531 | €9,373 | -€1,158 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €153,286 | €208 | -€153,079 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.