Vema Solutions: 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.
Vema Solutions
Largest movements
- Stocks and contracts +€126,069
up €126,069 (+82.5%), from €152,882 to €278,952
- Receivables within one year +€15,116
up €15,116 (+162.2%), from €9,321 to €24,437
of which Trade receivables: +€16,592
- Cash +€5,235
up €5,235 (+23.2%), from €22,548 to €27,782
mainly Debts after one year (+€169,361) and Net result for the year (+€4,464)
- Debts after one year +€169,361
up €169,361 (+211.7%), from €80,000 to €249,361
- Accrued charges and deferred income -€22,500
down €22,500 (-93.8%), from €24,000 to €1,500
- Trade debts -€5,057
no longer reported in 2025 (was €5,057)
- Profit (loss) carried forward +€4,705
up €4,705 (+130.1%), from €3,617 to €8,323
- Gross operating margin -€10,960
down €10,960 (-45.8%), from €23,918 to €12,958
- Financial charges -€449
down €449 (-5.8%), from €7,728 to €7,280
- Financial income +€261
up €261 (+142.8%), from €183 to €444
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 | €184,752 | €331,171 | +€146,419 | +79.3% |
| Current assets | 29/58 | €184,752 | €331,171 | +€146,419 | +79.3% |
| Stocks and contracts in progress | 3 | €152,882 | €278,952 | +€126,069 | +82.5% |
| Stocks | 30/36 | €152,882 | €278,952 | +€126,069 | +82.5% |
| Amounts receivable within one year | 40/41 | €9,321 | €24,437 | +€15,116 | +162.2% |
| Trade receivables | 40 | €4,235 | €20,827 | +€16,592 | +391.8% |
| Other amounts receivable | 41 | €5,086 | €3,610 | -€1,476 | -29.0% |
| Cash at bank and in hand | 54/58 | €22,548 | €27,782 | +€5,235 | +23.2% |
| Total equity and liabilities | 10/49 | €184,752 | €331,171 | +€146,419 | +79.3% |
| Equity | 10/15 | €63,617 | €68,323 | +€4,705 | +7.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,617 | €8,323 | +€4,705 | +130.1% |
| Amounts payable | 17/49 | €121,134 | €262,848 | +€141,714 | +117.0% |
| Amounts payable after more than one year | 17 | €80,000 | €249,361 | +€169,361 | +211.7% |
| Financial debts | 170/4 | €80,000 | €249,361 | +€169,361 | +211.7% |
| Amounts payable within one year | 42/48 | €17,134 | €11,987 | -€5,147 | -30.0% |
| Trade debts | 44 | €5,057 | - | -€5,057 | |
| Suppliers | 440/4 | €5,057 | - | -€5,057 | |
| Taxes, remuneration and social security | 45 | €1,206 | €1,116 | -€90 | -7.4% |
| Taxes | 450/3 | €1,206 | €1,116 | -€90 | -7.4% |
| Other amounts payable | 47/48 | €10,871 | €10,871 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €24,000 | €1,500 | -€22,500 | -93.8% |
| Other operating charges | 640/8 | €762 | €542 | -€220 | -28.9% |
| Gross operating margin | 9900 | €23,918 | €12,958 | -€10,960 | -45.8% |
| Operating profit (loss) | 9901 | €23,156 | €12,416 | -€10,739 | -46.4% |
| Financial income | 75/76B | €183 | €444 | +€261 | +142.8% |
| Recurring financial income | 75 | €183 | €444 | +€261 | +142.8% |
| Financial charges | 65/66B | €7,728 | €7,280 | -€449 | -5.8% |
| Recurring financial charges | 65 | €7,728 | €7,280 | -€449 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €15,610 | €5,580 | -€10,030 | -64.3% |
| Income taxes | 67/77 | €1,206 | €1,116 | -€90 | -7.4% |
| Profit (loss) for the period | 9904 | €14,404 | €4,464 | -€9,940 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,404 | €4,464 | -€9,940 | -69.0% |
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 5 October 2026 via checked.be.