Vekchar: 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.
Vekchar
Largest movements
- Cash -€24,876
down €24,876 (-36.4%), from €68,259 to €43,383
mainly Contributions, distributions and other (-€45,000) and Receivables within one year (-€19,011)
- Receivables within one year +€19,011
new in 2025: €19,011
of which Trade receivables: +€18,962
- Current investments +€5,852
up €5,852 (+21.0%), from €27,914 to €33,766
- Deferred charges and accrued income -€1,097
down €1,097 (-32.7%), from €3,360 to €2,262
- Reserves -€17,016
down €17,016 (-20.4%), from €83,262 to €66,246
- Other debts +€15,608
up €15,608 (+258.0%), from €6,051 to €21,659
- Tax, wage and social debts +€1,236
up €1,236 (+16.4%), from €7,524 to €8,760
- Taxes +€2,871
up €2,871 (+39.0%), from €7,357 to €10,228
- Financial charges -€1,261
down €1,261 (-34.7%), from €3,633 to €2,373
- Financial income +€946
new in 2025: €946
- Other operating charges -€937
down €937 (-43.3%), from €2,164 to €1,227
- Gross operating margin +€745
up €745 (+1.8%), from €40,428 to €41,174
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 | €99,537 | €99,172 | -€365 | -0.4% |
| Fixed assets | 21/28 | €5 | €750 | +€745 | +14894.2% |
| Tangible fixed assets | 22/27 | - | €740 | +€740 | |
| Furniture and vehicles | 24 | - | €740 | +€740 | |
| Financial fixed assets | 28 | €5 | €10 | +€5 | +100.0% |
| Current assets | 29/58 | €99,532 | €98,422 | -€1,110 | -1.1% |
| Amounts receivable within one year | 40/41 | - | €19,011 | +€19,011 | |
| Trade receivables | 40 | - | €18,962 | +€18,962 | |
| Other amounts receivable | 41 | - | €50 | +€50 | |
| Current investments | 50/53 | €27,914 | €33,766 | +€5,852 | +21.0% |
| Cash at bank and in hand | 54/58 | €68,259 | €43,383 | -€24,876 | -36.4% |
| Deferred charges and accrued income | 490/1 | €3,360 | €2,262 | -€1,097 | -32.7% |
| Total equity and liabilities | 10/49 | €99,537 | €99,172 | -€365 | -0.4% |
| Equity | 10/15 | €84,762 | €67,746 | -€17,016 | -20.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €83,262 | €66,246 | -€17,016 | -20.4% |
| Distributable reserves | 133 | €83,262 | €66,246 | -€17,016 | -20.4% |
| Amounts payable | 17/49 | €14,775 | €31,426 | +€16,651 | +112.7% |
| Amounts payable within one year | 42/48 | €14,775 | €31,426 | +€16,651 | +112.7% |
| Trade debts | 44 | €1,200 | €1,007 | -€193 | -16.1% |
| Suppliers | 440/4 | €1,200 | €1,007 | -€193 | -16.1% |
| Taxes, remuneration and social security | 45 | €7,524 | €8,760 | +€1,236 | +16.4% |
| Taxes | 450/3 | €7,524 | €8,760 | +€1,236 | +16.4% |
| Other amounts payable | 47/48 | €6,051 | €21,659 | +€15,608 | +258.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €308 | +€308 | |
| Other operating charges | 640/8 | €2,164 | €1,227 | -€937 | -43.3% |
| Gross operating margin | 9900 | €40,428 | €41,174 | +€745 | +1.8% |
| Operating profit (loss) | 9901 | €38,265 | €39,639 | +€1,374 | +3.6% |
| Financial income | 75/76B | - | €946 | +€946 | |
| Recurring financial income | 75 | - | €946 | +€946 | |
| Financial charges | 65/66B | €3,633 | €2,373 | -€1,261 | -34.7% |
| Recurring financial charges | 65 | €3,633 | €2,373 | -€1,261 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €34,631 | €38,212 | +€3,581 | +10.3% |
| Income taxes | 67/77 | €7,357 | €10,228 | +€2,871 | +39.0% |
| Profit (loss) for the period | 9904 | €27,275 | €27,984 | +€709 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,275 | €27,984 | +€709 | +2.6% |
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 2 October 2026 via checked.be.