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
- Receivables within one year +€9,585
up €9,585 (+111.6%), from €8,586 to €18,172
of which Trade receivables: +€8,658
- Tangible fixed assets -€1,557
down €1,557 (-48.7%), from €3,195 to €1,638
- Formation expenses -€525
down €525 (-24.4%), from €2,151 to €1,626
- Debts after one year -€16,726
down €16,726 (-99.3%), from €16,839 to €114
of which Financial debts: -€16,332
- Tax, wage and social debts +€15,547
up €15,547 (+430.9%), from €3,608 to €19,155
- Profit (loss) carried forward +€7,973
up €7,973 (+28.9%), from -€27,588 to -€19,615
- Other debts -€4,454
no longer reported in 2025 (was €4,454)
- Trade debts +€3,386
up €3,386 (+78.9%), from €4,292 to €7,678
- Gross operating margin +€35,705
up €35,705, from -€20,938 to €14,767
- Other operating charges +€725
up €725 (+103.5%), from €700 to €1,424
- Financial income +€412
up €412 (+72249.1%), from €1 to €412
- Financial charges -€315
down €315 (-8.5%), from €3,699 to €3,384
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,269 | €26,734 | +€7,466 | +38.7% |
| Formation expenses | 20 | €2,151 | €1,626 | -€525 | -24.4% |
| Fixed assets | 21/28 | €4,375 | €2,818 | -€1,557 | -35.6% |
| Tangible fixed assets | 22/27 | €3,195 | €1,638 | -€1,557 | -48.7% |
| Furniture and vehicles | 24 | €3,195 | €1,638 | -€1,557 | -48.7% |
| Financial fixed assets | 28 | €1,180 | €1,180 | = | 0.0% |
| Current assets | 29/58 | €12,742 | €22,290 | +€9,548 | +74.9% |
| Amounts receivable within one year | 40/41 | €8,586 | €18,172 | +€9,585 | +111.6% |
| Trade receivables | 40 | €8,473 | €17,131 | +€8,658 | +102.2% |
| Other amounts receivable | 41 | €113 | €1,041 | +€928 | +818.4% |
| Deferred charges and accrued income | 490/1 | €4,156 | €4,118 | -€38 | -0.9% |
| Total equity and liabilities | 10/49 | €19,269 | €26,734 | +€7,466 | +38.7% |
| Equity | 10/15 | -€22,588 | -€14,615 | +€7,973 | +35.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,588 | -€19,615 | +€7,973 | +28.9% |
| Amounts payable | 17/49 | €41,857 | €41,349 | -€507 | -1.2% |
| Amounts payable after more than one year | 17 | €16,839 | €114 | -€16,726 | -99.3% |
| Financial debts | 170/4 | €16,446 | €114 | -€16,332 | -99.3% |
| Other amounts payable | 178/9 | €393 | - | -€393 | |
| Amounts payable within one year | 42/48 | €23,110 | €38,431 | +€15,321 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €1,281 | €1,332 | +€52 | +4.0% |
| Financial debts | 43 | €9,475 | €10,266 | +€790 | +8.3% |
| Credit institutions | 430/8 | €9,475 | €10,266 | +€790 | +8.3% |
| Trade debts | 44 | €4,292 | €7,678 | +€3,386 | +78.9% |
| Suppliers | 440/4 | €4,292 | €7,678 | +€3,386 | +78.9% |
| Taxes, remuneration and social security | 45 | €3,608 | €19,155 | +€15,547 | +430.9% |
| Taxes | 450/3 | €3,608 | €19,155 | +€15,547 | +430.9% |
| Other amounts payable | 47/48 | €4,454 | - | -€4,454 | |
| Accrued charges and deferred income | 492/3 | €1,908 | €2,805 | +€897 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,948 | €2,082 | +€134 | +6.9% |
| Other operating charges | 640/8 | €700 | €1,424 | +€725 | +103.5% |
| Gross operating margin | 9900 | -€20,938 | €14,767 | +€35,705 | |
| Operating profit (loss) | 9901 | -€23,586 | €11,261 | +€34,847 | |
| Financial income | 75/76B | €1 | €412 | +€412 | +72249.1% |
| Recurring financial income | 75 | €1 | €412 | +€412 | +72249.1% |
| Financial charges | 65/66B | €3,699 | €3,384 | -€315 | -8.5% |
| Recurring financial charges | 65 | €3,699 | €3,384 | -€315 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,284 | €8,289 | +€35,573 | |
| Income taxes | 67/77 | €304 | €316 | +€12 | +4.0% |
| Profit (loss) for the period | 9904 | -€27,588 | €7,973 | +€35,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,588 | €7,973 | +€35,561 |
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.