Vekim: 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.
Vekim
Largest movements
- Cash -€31,912
down €31,912 (-49.4%), from €64,554 to €32,642
mainly Tax, wage and social debts (-€60,622) and Contributions, distributions and other (-€38,971)
- Current investments -€10,000
down €10,000 (-1.4%), from €700,000 to €690,000
- Tax, wage and social debts -€60,622
down €60,622 (-96.9%), from €62,571 to €1,949
- Other debts +€28,423
up €28,423 (+43.5%), from €65,324 to €93,746
- Reserves -€14,934
down €14,934 (-2.2%), from €689,354 to €674,420
of which Distributable reserves: -€14,934
- Financial income -€8,446
down €8,446 (-35.3%), from €23,896 to €15,451
- Gross operating margin -€6,627
down €6,627 (-16.2%), from €41,020 to €34,393
- Taxes -€3,803
down €3,803 (-23.9%), from €15,927 to €12,125
- Depreciation -€2,261
down €2,261 (-46.9%), from €4,817 to €2,556
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 | €883,062 | €834,728 | -€48,334 | -5.5% |
| Fixed assets | 21/28 | €98,902 | €96,346 | -€2,556 | -2.6% |
| Tangible fixed assets | 22/27 | €98,902 | €96,346 | -€2,556 | -2.6% |
| Land and buildings | 22 | €97,670 | €96,346 | -€1,324 | -1.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,232 | €0 | -€1,232 | -100.0% |
| Current assets | 29/58 | €784,161 | €738,383 | -€45,778 | -5.8% |
| Amounts receivable within one year | 40/41 | €4,774 | €6,584 | +€1,810 | +37.9% |
| Trade receivables | 40 | €4,774 | €0 | -€4,774 | -100.0% |
| Other amounts receivable | 41 | - | €6,584 | +€6,584 | |
| Current investments | 50/53 | €700,000 | €690,000 | -€10,000 | -1.4% |
| Cash at bank and in hand | 54/58 | €64,554 | €32,642 | -€31,912 | -49.4% |
| Deferred charges and accrued income | 490/1 | €14,832 | €9,156 | -€5,676 | -38.3% |
| Total equity and liabilities | 10/49 | €883,062 | €834,728 | -€48,334 | -5.5% |
| Equity | 10/15 | €750,854 | €735,920 | -€14,934 | -2.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €689,354 | €674,420 | -€14,934 | -2.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €683,204 | €668,270 | -€14,934 | -2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,208 | €98,808 | -€33,400 | -25.3% |
| Amounts payable within one year | 42/48 | €128,738 | €96,282 | -€32,455 | -25.2% |
| Trade debts | 44 | €843 | €587 | -€256 | -30.3% |
| Suppliers | 440/4 | €843 | €587 | -€256 | -30.3% |
| Taxes, remuneration and social security | 45 | €62,571 | €1,949 | -€60,622 | -96.9% |
| Taxes | 450/3 | €62,571 | €1,949 | -€60,622 | -96.9% |
| Other amounts payable | 47/48 | €65,324 | €93,746 | +€28,423 | +43.5% |
| Accrued charges and deferred income | 492/3 | €3,470 | €2,526 | -€944 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,817 | €2,556 | -€2,261 | -46.9% |
| Other operating charges | 640/8 | €10,197 | €10,560 | +€363 | +3.6% |
| Non-recurring operating charges | 66A | €2,256 | €0 | -€2,256 | -100.0% |
| Gross operating margin | 9900 | €41,020 | €34,393 | -€6,627 | -16.2% |
| Operating profit (loss) | 9901 | €23,750 | €21,277 | -€2,472 | -10.4% |
| Financial income | 75/76B | €23,896 | €15,451 | -€8,446 | -35.3% |
| Recurring financial income | 75 | €23,896 | €15,451 | -€8,446 | -35.3% |
| Financial charges | 65/66B | €310 | €566 | +€257 | +83.0% |
| Recurring financial charges | 65 | €310 | €566 | +€257 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €47,336 | €36,162 | -€11,175 | -23.6% |
| Income taxes | 67/77 | €15,927 | €12,125 | -€3,803 | -23.9% |
| Profit (loss) for the period | 9904 | €31,409 | €24,037 | -€7,372 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,409 | €24,037 | -€7,372 | -23.5% |
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 6 October 2026 via checked.be.