VEKEMANS JO: 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 JO
Largest movements
- Tangible fixed assets -€39,119
down €39,119 (-5.0%), from €779,460 to €740,341
of which Land and buildings: -€25,547
- Cash -€27,003
down €27,003 (-38.4%), from €70,383 to €43,380
mainly Net result for the year (-€36,915) and Debts after one year (-€17,653)
- Reserves -€36,915
down €36,915 (-4.4%), from €831,435 to €794,520
of which Distributable reserves: -€36,915
- Debts after one year -€17,653
down €17,653 (-15.9%), from €111,004 to €93,352
- Financial income -€99,469
down €99,469 (-97.5%), from €102,028 to €2,559
of which Non-recurring financial income: -€98,553
- Provisions +€50,916
up €50,916, from -€50,916 to €0
- Gross operating margin -€11,971
down €11,971 (-25.0%), from €47,820 to €35,850
- Taxes -€10,666
down €10,666 (-100%), from €10,666 to €0
- Staff costs -€8,015
down €8,015 (-24.0%), from €33,371 to €25,355
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 | €1,085,837 | €1,020,869 | -€64,968 | -6.0% |
| Fixed assets | 21/28 | €779,460 | €740,341 | -€39,119 | -5.0% |
| Tangible fixed assets | 22/27 | €779,460 | €740,341 | -€39,119 | -5.0% |
| Land and buildings | 22 | €621,798 | €596,251 | -€25,547 | -4.1% |
| Plant, machinery and equipment | 23 | €42,394 | €32,615 | -€9,779 | -23.1% |
| Furniture and vehicles | 24 | €17,901 | €16,316 | -€1,585 | -8.9% |
| Other tangible fixed assets | 26 | €97,368 | €95,159 | -€2,209 | -2.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €306,377 | €280,528 | -€25,849 | -8.4% |
| Amounts receivable within one year | 40/41 | €117,937 | €118,629 | +€691 | +0.6% |
| Trade receivables | 40 | €27,307 | €17,120 | -€10,187 | -37.3% |
| Other amounts receivable | 41 | €90,630 | €101,509 | +€10,878 | +12.0% |
| Current investments | 50/53 | €118,056 | €118,056 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,383 | €43,380 | -€27,003 | -38.4% |
| Deferred charges and accrued income | 490/1 | €0 | €463 | +€463 | |
| Total equity and liabilities | 10/49 | €1,085,837 | €1,020,869 | -€64,968 | -6.0% |
| Equity | 10/15 | €837,635 | €800,720 | -€36,915 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €831,435 | €794,520 | -€36,915 | -4.4% |
| Non-distributable reserves | 130/1 | €53,359 | €53,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,359 | €53,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,544 | €32,544 | = | 0.0% |
| Distributable reserves | 133 | €745,532 | €708,617 | -€36,915 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €248,202 | €220,148 | -€28,053 | -11.3% |
| Amounts payable after more than one year | 17 | €111,004 | €93,352 | -€17,653 | -15.9% |
| Financial debts | 170/4 | €111,004 | €93,352 | -€17,653 | -15.9% |
| Amounts payable within one year | 42/48 | €136,547 | €126,797 | -€9,750 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €17,122 | €17,653 | +€531 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,900 | €6,660 | -€7,239 | -52.1% |
| Suppliers | 440/4 | €13,900 | €6,660 | -€7,239 | -52.1% |
| Taxes, remuneration and social security | 45 | €20,558 | €16,817 | -€3,741 | -18.2% |
| Taxes | 450/3 | €15,073 | €12,722 | -€2,352 | -15.6% |
| Remuneration and social security | 454/9 | €5,484 | €4,095 | -€1,390 | -25.3% |
| Other amounts payable | 47/48 | €84,968 | €85,667 | +€699 | +0.8% |
| Accrued charges and deferred income | 492/3 | €650 | €0 | -€650 | -100% |
| Non-recurring operating income | 76A | €10,161 | €0 | -€10,161 | -100% |
| Remuneration, social security and pensions | 62 | €33,371 | €25,355 | -€8,015 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,363 | €39,119 | -€1,244 | -3.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,916 | €0 | +€50,916 | |
| Other operating charges | 640/8 | €6,712 | €3,498 | -€3,214 | -47.9% |
| Gross operating margin | 9900 | €47,820 | €35,850 | -€11,971 | -25.0% |
| Operating profit (loss) | 9901 | €18,291 | -€32,123 | -€50,413 | |
| Financial income | 75/76B | €102,028 | €2,559 | -€99,469 | -97.5% |
| Recurring financial income | 75 | €3,475 | €2,559 | -€916 | -26.4% |
| Non-recurring financial income | 76B | €98,553 | €0 | -€98,553 | -100% |
| Financial charges | 65/66B | €6,209 | €7,351 | +€1,142 | +18.4% |
| Recurring financial charges | 65 | €6,209 | €7,351 | +€1,142 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €114,110 | -€36,915 | -€151,025 | |
| Income taxes | 67/77 | €10,666 | €0 | -€10,666 | -100% |
| Profit (loss) for the period | 9904 | €103,444 | -€36,915 | -€140,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,444 | -€36,915 | -€140,359 |
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 17 October 2026 via checked.be.