VEKEMANS GROEP: 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.
VEKEMANS GROEP
Largest movements
- Cash -€15,779
down €15,779 (-73.0%), from €21,629 to €5,850
mainly Investment in fixed assets (net) (-€15,970) and Net result for the year (-€13,489)
- Stocks and contracts +€8,923
up €8,923 (+4.3%), from €205,707 to €214,630
- Deferred charges and accrued income -€4,175
down €4,175 (-55.4%), from €7,531 to €3,356
- Tangible fixed assets +€3,792
up €3,792 (+3.8%), from €99,212 to €103,004
of which Land and buildings: +€8,232
- Reserves -€13,489
down €13,489 (-17.5%), from €77,105 to €63,617
of which Distributable reserves: -€13,489
- Debts after one year +€11,842
up €11,842 (+6.7%), from €177,987 to €189,829
of which Other amounts payable: +€22,763
- Tax, wage and social debts -€6,494
down €6,494 (-19.0%), from €34,092 to €27,598
of which Remuneration and social security: -€4,000
- Gross operating margin -€44,134
down €44,134 (-71.7%), from €61,544 to €17,410
- Financial charges +€1,383
up €1,383 (+25.0%), from €5,526 to €6,908
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 | €341,900 | €336,166 | -€5,734 | -1.7% |
| Fixed assets | 21/28 | €99,312 | €103,104 | +€3,792 | +3.8% |
| Tangible fixed assets | 22/27 | €99,212 | €103,004 | +€3,792 | +3.8% |
| Land and buildings | 22 | €86,360 | €94,592 | +€8,232 | +9.5% |
| Plant, machinery and equipment | 23 | €3,560 | €4,009 | +€449 | +12.6% |
| Furniture and vehicles | 24 | €9,292 | €4,403 | -€4,889 | -52.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €242,589 | €233,063 | -€9,526 | -3.9% |
| Stocks and contracts in progress | 3 | €205,707 | €214,630 | +€8,923 | +4.3% |
| Stocks | 30/36 | €205,707 | €214,630 | +€8,923 | +4.3% |
| Amounts receivable within one year | 40/41 | €7,722 | €9,227 | +€1,504 | +19.5% |
| Trade receivables | 40 | €6,223 | €9,202 | +€2,979 | +47.9% |
| Other amounts receivable | 41 | €1,500 | €25 | -€1,475 | -98.3% |
| Cash at bank and in hand | 54/58 | €21,629 | €5,850 | -€15,779 | -73.0% |
| Deferred charges and accrued income | 490/1 | €7,531 | €3,356 | -€4,175 | -55.4% |
| Total equity and liabilities | 10/49 | €341,900 | €336,166 | -€5,734 | -1.7% |
| Equity | 10/15 | €108,105 | €94,617 | -€13,489 | -12.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €77,105 | €63,617 | -€13,489 | -17.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €12,145 | €12,145 | = | 0.0% |
| Distributable reserves | 133 | €64,960 | €51,471 | -€13,489 | -20.8% |
| Amounts payable | 17/49 | €233,795 | €241,550 | +€7,755 | +3.3% |
| Amounts payable after more than one year | 17 | €177,987 | €189,829 | +€11,842 | +6.7% |
| Financial debts | 170/4 | €23,396 | €12,474 | -€10,921 | -46.7% |
| Other amounts payable | 178/9 | €154,591 | €177,354 | +€22,763 | +14.7% |
| Amounts payable within one year | 42/48 | €55,808 | €51,721 | -€4,087 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €10,634 | €10,921 | +€287 | +2.7% |
| Trade debts | 44 | €11,082 | €12,756 | +€1,674 | +15.1% |
| Suppliers | 440/4 | €11,082 | €12,756 | +€1,674 | +15.1% |
| Advances received on contracts in progress | 46 | - | €446 | +€446 | |
| Taxes, remuneration and social security | 45 | €34,092 | €27,598 | -€6,494 | -19.0% |
| Taxes | 450/3 | €24,492 | €21,998 | -€2,494 | -10.2% |
| Remuneration and social security | 454/9 | €9,600 | €5,600 | -€4,000 | -41.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,319 | €12,178 | -€141 | -1.1% |
| Other operating charges | 640/8 | €6,806 | €6,595 | -€211 | -3.1% |
| Non-recurring operating charges | 66A | - | €5,732 | +€5,732 | |
| Gross operating margin | 9900 | €61,544 | €17,410 | -€44,134 | -71.7% |
| Operating profit (loss) | 9901 | €42,419 | -€7,095 | -€49,514 | |
| Financial income | 75/76B | €229 | €659 | +€430 | +188% |
| Recurring financial income | 75 | €229 | €659 | +€430 | +188% |
| Financial charges | 65/66B | €5,526 | €6,908 | +€1,383 | +25.0% |
| Recurring financial charges | 65 | €5,526 | €6,908 | +€1,383 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €37,122 | -€13,344 | -€50,467 | |
| Income taxes | 67/77 | €140 | €144 | +€5 | +3.4% |
| Profit (loss) for the period | 9904 | €36,983 | -€13,489 | -€50,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,983 | -€13,489 | -€50,472 |
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 15 October 2026 via checked.be.