Vekemans Metaalconstructie: 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 Metaalconstructie
Largest movements
- Cash -€72,103
down €72,103 (-84.8%), from €84,985 to €12,882
mainly Contributions, distributions and other (-€190,000) and Investment in fixed assets (net) (-€28,339)
- Stocks and contracts +€13,475
up €13,475 (+164%), from €8,233 to €21,708
- Deferred charges and accrued income -€10,648
down €10,648 (-91.0%), from €11,701 to €1,053
- Intangible fixed assets +€9,310
new in 2025: €9,310
- Tangible fixed assets -€5,899
down €5,899 (-5.8%), from €101,599 to €95,700
of which Other tangible fixed assets: -€33,367
- Reserves -€190,434
down €190,434 (-96.8%), from €196,661 to €6,227
of which Distributable reserves: -€190,434
- Debts after one year +€119,444
up €119,444 (+538%), from €22,221 to €141,665
- Current portion of long-term debt +€19,618
up €19,618 (+151%), from €12,961 to €32,578
- Trade debts -€13,828
down €13,828 (-30.8%), from €44,952 to €31,124
- Tax, wage and social debts -€4,185
down €4,185 (-18.1%), from €23,078 to €18,893
of which Remuneration and social security: -€3,955
- Gross operating margin -€97,612
down €97,612 (-35.5%), from €274,662 to €177,050
- Taxes -€19,276
down €19,276 (-88.5%), from €21,770 to €2,494
- Depreciation -€12,248
down €12,248 (-32.9%), from €37,177 to €24,929
- Financial charges +€10,521
up €10,521 (+63.7%), from €16,504 to €27,025
of which Non-recurring financial charges: +€12,595
- Staff costs +€10,106
up €10,106 (+9.0%), from €112,539 to €122,645
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 | €324,872 | €255,487 | -€69,385 | -21.4% |
| Fixed assets | 21/28 | €101,599 | €105,009 | +€3,410 | +3.4% |
| Intangible fixed assets | 21 | - | €9,310 | +€9,310 | |
| Tangible fixed assets | 22/27 | €101,599 | €95,700 | -€5,899 | -5.8% |
| Plant, machinery and equipment | 23 | €36,276 | €67,580 | +€31,304 | +86.3% |
| Furniture and vehicles | 24 | €28,846 | €26,342 | -€2,504 | -8.7% |
| Leasing and similar rights | 25 | €3,110 | €1,778 | -€1,332 | -42.8% |
| Other tangible fixed assets | 26 | €33,367 | - | -€33,367 | |
| Current assets | 29/58 | €223,273 | €150,478 | -€72,795 | -32.6% |
| Stocks and contracts in progress | 3 | €8,233 | €21,708 | +€13,475 | +164% |
| Stocks | 30/36 | €8,233 | €21,708 | +€13,475 | +164% |
| Amounts receivable within one year | 40/41 | €118,354 | €114,835 | -€3,519 | -3.0% |
| Trade receivables | 40 | €90,336 | €91,447 | +€1,111 | +1.2% |
| Other amounts receivable | 41 | €28,018 | €23,388 | -€4,630 | -16.5% |
| Cash at bank and in hand | 54/58 | €84,985 | €12,882 | -€72,103 | -84.8% |
| Deferred charges and accrued income | 490/1 | €11,701 | €1,053 | -€10,648 | -91.0% |
| Total equity and liabilities | 10/49 | €324,872 | €255,487 | -€69,385 | -21.4% |
| Equity | 10/15 | €221,661 | €31,227 | -€190,434 | -85.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €196,661 | €6,227 | -€190,434 | -96.8% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €194,161 | €3,727 | -€190,434 | -98.1% |
| Amounts payable | 17/49 | €103,211 | €224,261 | +€121,049 | +117% |
| Amounts payable after more than one year | 17 | €22,221 | €141,665 | +€119,444 | +538% |
| Financial debts | 170/4 | €22,221 | €141,665 | +€119,444 | +538% |
| Amounts payable within one year | 42/48 | €80,991 | €82,595 | +€1,605 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €12,961 | €32,578 | +€19,618 | +151% |
| Trade debts | 44 | €44,952 | €31,124 | -€13,828 | -30.8% |
| Suppliers | 440/4 | €44,952 | €31,124 | -€13,828 | -30.8% |
| Taxes, remuneration and social security | 45 | €23,078 | €18,893 | -€4,185 | -18.1% |
| Taxes | 450/3 | €5,066 | €4,836 | -€230 | -4.5% |
| Remuneration and social security | 454/9 | €18,012 | €14,057 | -€3,955 | -22.0% |
| Remuneration, social security and pensions | 62 | €112,539 | €122,645 | +€10,106 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,177 | €24,929 | -€12,248 | -32.9% |
| Other operating charges | 640/8 | €637 | €936 | +€298 | +46.8% |
| Gross operating margin | 9900 | €274,662 | €177,050 | -€97,612 | -35.5% |
| Operating profit (loss) | 9901 | €124,309 | €28,540 | -€95,769 | -77.0% |
| Financial income | 75/76B | €307 | €545 | +€238 | +77.5% |
| Recurring financial income | 75 | €307 | €545 | +€238 | +77.5% |
| Financial charges | 65/66B | €16,504 | €27,025 | +€10,521 | +63.7% |
| Recurring financial charges | 65 | €16,504 | €14,430 | -€2,074 | -12.6% |
| Non-recurring financial charges | 66B | - | €12,595 | +€12,595 | |
| Profit (loss) for the period before taxes | 9903 | €108,112 | €2,060 | -€106,052 | -98.1% |
| Income taxes | 67/77 | €21,770 | €2,494 | -€19,276 | -88.5% |
| Profit (loss) for the period | 9904 | €86,342 | -€434 | -€86,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,342 | -€434 | -€86,776 |
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 28 October 2026 via checked.be.