VEKU: 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.
VEKU
Largest movements
- Receivables within one year +€59,289
up €59,289 (+40.5%), from €146,336 to €205,625
of which Other amounts receivable: +€36,871
- Receivables after one year -€57,071
down €57,071 (-48.7%), from €117,071 to €60,000
- Reserves -€24,691
down €24,691 (-14.1%), from €175,066 to €150,374
of which Distributable reserves: -€24,691
- Trade debts +€20,208
up €20,208 (+619.5%), from €3,262 to €23,470
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Short-term financial debts -€10,615
down €10,615 (-60.9%), from €17,444 to €6,828
- Tax, wage and social debts +€6,387
up €6,387 (+19.3%), from €33,114 to €39,501
- Gross operating margin -€26,398
down €26,398 (-34.6%), from €76,319 to €49,921
- Taxes -€9,719
down €9,719 (-52.8%), from €18,408 to €8,689
- Financial charges +€3,197
up €3,197 (+616.8%), from €518 to €3,716
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 | €268,818 | €269,875 | +€1,057 | +0.4% |
| Fixed assets | 21/28 | €4,250 | €4,250 | = | 0.0% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €264,568 | €265,625 | +€1,057 | +0.4% |
| Amounts receivable after more than one year | 29 | €117,071 | €60,000 | -€57,071 | -48.7% |
| Other amounts receivable | 291 | €117,071 | €60,000 | -€57,071 | -48.7% |
| Amounts receivable within one year | 40/41 | €146,336 | €205,625 | +€59,289 | +40.5% |
| Trade receivables | 40 | €21,289 | €43,708 | +€22,419 | +105.3% |
| Other amounts receivable | 41 | €125,047 | €161,917 | +€36,871 | +29.5% |
| Cash at bank and in hand | 54/58 | €1,161 | - | -€1,161 | |
| Total equity and liabilities | 10/49 | €268,818 | €269,875 | +€1,057 | +0.4% |
| Equity | 10/15 | €181,266 | €168,974 | -€12,291 | -6.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €175,066 | €150,374 | -€24,691 | -14.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €173,206 | €148,514 | -€24,691 | -14.3% |
| Amounts payable | 17/49 | €87,553 | €100,901 | +€13,348 | +15.2% |
| Amounts payable after more than one year | 17 | €2,632 | - | -€2,632 | |
| Financial debts | 170/4 | €2,632 | - | -€2,632 | |
| Amounts payable within one year | 42/48 | €84,921 | €100,901 | +€15,980 | +18.8% |
| Financial debts | 43 | €17,444 | €6,828 | -€10,615 | -60.9% |
| Credit institutions | 430/8 | €17,444 | €6,828 | -€10,615 | -60.9% |
| Trade debts | 44 | €3,262 | €23,470 | +€20,208 | +619.5% |
| Suppliers | 440/4 | €3,262 | €23,470 | +€20,208 | +619.5% |
| Taxes, remuneration and social security | 45 | €33,114 | €39,501 | +€6,387 | +19.3% |
| Taxes | 450/3 | €33,114 | €39,501 | +€6,387 | +19.3% |
| Other amounts payable | 47/48 | €31,101 | €31,101 | = | 0.0% |
| Other operating charges | 640/8 | €1,775 | €2,207 | +€432 | +24.4% |
| Gross operating margin | 9900 | €76,319 | €49,921 | -€26,398 | -34.6% |
| Operating profit (loss) | 9901 | €74,544 | €47,714 | -€26,831 | -36.0% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €518 | €3,716 | +€3,197 | +616.8% |
| Recurring financial charges | 65 | €518 | €3,716 | +€3,197 | +616.8% |
| Profit (loss) for the period before taxes | 9903 | €74,061 | €43,998 | -€30,063 | -40.6% |
| Income taxes | 67/77 | €18,408 | €8,689 | -€9,719 | -52.8% |
| Profit (loss) for the period | 9904 | €55,653 | €35,309 | -€20,344 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,653 | €35,309 | -€20,344 | -36.6% |
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 12 October 2026 via checked.be.