VeMaB Consulting: 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.
VeMaB Consulting
Largest movements
- Tangible fixed assets +€312,503
up €312,503 (+212%), from €147,675 to €460,178
of which Land and buildings: +€317,597
- Cash +€193,388
up €193,388 (+568%), from €34,057 to €227,445
mainly Debts after one year (+€298,562) and Current investments (+€159,016)
- Current investments -€159,016
down €159,016 (-79.5%), from €200,000 to €40,984
- Stocks and contracts +€143,737
new in 2025: €143,737
- Receivables within one year -€36,860
down €36,860 (-40.9%), from €90,048 to €53,188
of which Trade receivables: -€59,790
- Debts after one year +€298,562
up €298,562 (+229%), from €130,542 to €429,104
- Trade debts +€145,790
up €145,790 (+647%), from €22,526 to €168,315
- Reserves -€30,000
down €30,000 (-11.5%), from €260,000 to €230,000
- Current portion of long-term debt +€15,718
up €15,718 (+119%), from €13,180 to €28,898
- Other debts +€13,922
up €13,922 (+932%), from €1,493 to €15,416
- Financial charges +€10,083
up €10,083 (+188%), from €5,352 to €15,434
- Depreciation +€8,403
up €8,403 (+58.4%), from €14,378 to €22,782
- Taxes -€7,861
down €7,861 (-31.0%), from €25,368 to €17,507
- Gross operating margin +€5,731
up €5,731 (+4.6%), from €125,822 to €131,553
- Financial income +€4,886
up €4,886 (+70.2%), from €6,962 to €11,849
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 | €473,279 | €927,031 | +€453,752 | +95.9% |
| Fixed assets | 21/28 | €149,175 | €461,678 | +€312,503 | +209% |
| Tangible fixed assets | 22/27 | €147,675 | €460,178 | +€312,503 | +212% |
| Land and buildings | 22 | €134,604 | €452,200 | +€317,597 | +236% |
| Plant, machinery and equipment | 23 | €7,847 | €5,205 | -€2,642 | -33.7% |
| Furniture and vehicles | 24 | €5,224 | €2,773 | -€2,452 | -46.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €324,105 | €465,354 | +€141,249 | +43.6% |
| Stocks and contracts in progress | 3 | - | €143,737 | +€143,737 | |
| Stocks | 30/36 | - | €143,737 | +€143,737 | |
| Amounts receivable within one year | 40/41 | €90,048 | €53,188 | -€36,860 | -40.9% |
| Trade receivables | 40 | €89,891 | €30,101 | -€59,790 | -66.5% |
| Other amounts receivable | 41 | €157 | €23,087 | +€22,930 | +14,615% |
| Current investments | 50/53 | €200,000 | €40,984 | -€159,016 | -79.5% |
| Cash at bank and in hand | 54/58 | €34,057 | €227,445 | +€193,388 | +568% |
| Total equity and liabilities | 10/49 | €473,279 | €927,031 | +€453,752 | +95.9% |
| Equity | 10/15 | €268,293 | €236,539 | -€31,754 | -11.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €260,000 | €230,000 | -€30,000 | -11.5% |
| Distributable reserves | 133 | €260,000 | €230,000 | -€30,000 | -11.5% |
| Profit (loss) carried forward | 14 | €5,793 | €4,039 | -€1,754 | -30.3% |
| Amounts payable | 17/49 | €204,986 | €690,492 | +€485,506 | +237% |
| Amounts payable after more than one year | 17 | €130,542 | €429,104 | +€298,562 | +229% |
| Financial debts | 170/4 | €130,542 | €429,104 | +€298,562 | +229% |
| Amounts payable within one year | 42/48 | €74,444 | €261,388 | +€186,945 | +251% |
| Current portion of amounts payable after more than one year | 42 | €13,180 | €28,898 | +€15,718 | +119% |
| Trade debts | 44 | €22,526 | €168,315 | +€145,790 | +647% |
| Suppliers | 440/4 | €22,526 | €168,315 | +€145,790 | +647% |
| Taxes, remuneration and social security | 45 | €37,245 | €48,760 | +€11,515 | +30.9% |
| Taxes | 450/3 | €37,245 | €48,760 | +€11,515 | +30.9% |
| Other amounts payable | 47/48 | €1,493 | €15,416 | +€13,922 | +932% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,378 | €22,782 | +€8,403 | +58.4% |
| Other operating charges | 640/8 | €914 | €1,433 | +€519 | +56.8% |
| Gross operating margin | 9900 | €125,822 | €131,553 | +€5,731 | +4.6% |
| Operating profit (loss) | 9901 | €110,530 | €107,339 | -€3,191 | -2.9% |
| Financial income | 75/76B | €6,962 | €11,849 | +€4,886 | +70.2% |
| Recurring financial income | 75 | €6,962 | €11,849 | +€4,886 | +70.2% |
| Financial charges | 65/66B | €5,352 | €15,434 | +€10,083 | +188% |
| Recurring financial charges | 65 | €5,352 | €15,434 | +€10,083 | +188% |
| Profit (loss) for the period before taxes | 9903 | €112,140 | €103,753 | -€8,387 | -7.5% |
| Income taxes | 67/77 | €25,368 | €17,507 | -€7,861 | -31.0% |
| Profit (loss) for the period | 9904 | €86,773 | €86,246 | -€527 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,773 | €86,246 | -€527 | -0.6% |
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 13 October 2026 via checked.be.