VEMA CONSULT: 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.
VEMA CONSULT
Largest movements
- Current investments +€35,942
up €35,942 (+32.6%), from €110,308 to €146,250
- Receivables within one year +€3,528
up €3,528 (+39.1%), from €9,021 to €12,548
of which Other amounts receivable: +€3,404
- Cash -€3,502
down €3,502 (-6.6%), from €52,818 to €49,316
mainly Current investments (-€35,942) and Receivables within one year (-€3,528)
- Reserves +€30,496
up €30,496 (+21.6%), from €141,053 to €171,549
- Tax, wage and social debts +€7,535
up €7,535 (+58.7%), from €12,832 to €20,367
of which Remuneration and social security: +€7,500
- Financial income +€4,348
up €4,348 (+696%), from €625 to €4,973
- Financial charges +€2,967
up €2,967 (+363%), from €818 to €3,785
- Taxes +€1,101
up €1,101 (+7.6%), from €14,487 to €15,588
- Gross operating margin +€849
up €849 (+1.8%), from €46,220 to €47,070
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 | €174,447 | €209,909 | +€35,463 | +20.3% |
| Fixed assets | 21/28 | €1,643 | €1,117 | -€526 | -32.0% |
| Tangible fixed assets | 22/27 | €1,643 | €1,117 | -€526 | -32.0% |
| Furniture and vehicles | 24 | €1,643 | €1,117 | -€526 | -32.0% |
| Current assets | 29/58 | €172,804 | €208,792 | +€35,988 | +20.8% |
| Amounts receivable within one year | 40/41 | €9,021 | €12,548 | +€3,528 | +39.1% |
| Trade receivables | 40 | €9,021 | €9,145 | +€124 | +1.4% |
| Other amounts receivable | 41 | - | €3,404 | +€3,404 | |
| Current investments | 50/53 | €110,308 | €146,250 | +€35,942 | +32.6% |
| Cash at bank and in hand | 54/58 | €52,818 | €49,316 | -€3,502 | -6.6% |
| Deferred charges and accrued income | 490/1 | €657 | €678 | +€20 | +3.1% |
| Total equity and liabilities | 10/49 | €174,447 | €209,909 | +€35,463 | +20.3% |
| Equity | 10/15 | €147,253 | €177,749 | +€30,496 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,053 | €171,549 | +€30,496 | +21.6% |
| Distributable reserves | 133 | €141,053 | €171,549 | +€30,496 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,193 | €32,160 | +€4,967 | +18.3% |
| Amounts payable within one year | 42/48 | €25,728 | €31,546 | +€5,818 | +22.6% |
| Trade debts | 44 | €1,087 | €1,147 | +€60 | +5.5% |
| Suppliers | 440/4 | €1,087 | €1,147 | +€60 | +5.5% |
| Taxes, remuneration and social security | 45 | €12,832 | €20,367 | +€7,535 | +58.7% |
| Taxes | 450/3 | €8,832 | €8,867 | +€35 | +0.4% |
| Remuneration and social security | 454/9 | €4,000 | €11,500 | +€7,500 | +188% |
| Other amounts payable | 47/48 | €11,808 | €10,031 | -€1,777 | -15.0% |
| Accrued charges and deferred income | 492/3 | €1,465 | €615 | -€851 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €526 | -€34 | -6.0% |
| Other operating charges | 640/8 | €879 | €902 | +€23 | +2.6% |
| Gross operating margin | 9900 | €46,220 | €47,070 | +€849 | +1.8% |
| Operating profit (loss) | 9901 | €44,782 | €45,642 | +€860 | +1.9% |
| Financial income | 75/76B | €625 | €4,973 | +€4,348 | +696% |
| Recurring financial income | 75 | €625 | €4,973 | +€4,348 | +696% |
| Financial charges | 65/66B | €818 | €3,785 | +€2,967 | +363% |
| Recurring financial charges | 65 | €818 | €3,785 | +€2,967 | +363% |
| Profit (loss) for the period before taxes | 9903 | €44,588 | €46,829 | +€2,241 | +5.0% |
| Income taxes | 67/77 | €14,487 | €15,588 | +€1,101 | +7.6% |
| Profit (loss) for the period | 9904 | €30,101 | €31,241 | +€1,140 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,101 | €31,241 | +€1,140 | +3.8% |
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.