Vemasteco: 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.
Vemasteco
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Cash -€21,920
down €21,920 (-18.3%), from €119,658 to €97,738
mainly Receivables after one year (-€100,000) and Contributions, distributions and other (-€59,000)
- Tangible fixed assets -€5,767
down €5,767 (-45.9%), from €12,568 to €6,802
- Receivables within one year +€3,026
up €3,026 (+23.8%), from €12,713 to €15,739
of which Trade receivables: +€3,025
- Debts after one year +€70,891
up €70,891 (+1,518%), from €4,671 to €75,562
- Current portion of long-term debt +€13,649
up €13,649 (+173%), from €7,884 to €21,533
- Tax, wage and social debts -€11,160
down €11,160 (-45.3%), from €24,660 to €13,500
- Reserves +€5,376
up €5,376 (+5.5%), from €97,426 to €102,802
- Other debts -€2,844
down €2,844 (-87.4%), from €3,255 to €411
- Gross operating margin +€13,278
up €13,278 (+16.6%), from €80,077 to €93,356
- Other operating charges -€4,118
down €4,118 (-79.1%), from €5,209 to €1,090
- Financial charges +€1,475
up €1,475 (+215%), from €686 to €2,162
- Taxes +€1,335
up €1,335 (+8.3%), from €16,126 to €17,461
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 | €145,533 | €221,646 | +€76,113 | +52.3% |
| Fixed assets | 21/28 | €12,568 | €6,802 | -€5,767 | -45.9% |
| Tangible fixed assets | 22/27 | €12,568 | €6,802 | -€5,767 | -45.9% |
| Furniture and vehicles | 24 | €12,568 | €6,802 | -€5,767 | -45.9% |
| Current assets | 29/58 | €132,964 | €214,844 | +€81,880 | +61.6% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €12,713 | €15,739 | +€3,026 | +23.8% |
| Trade receivables | 40 | €12,705 | €15,730 | +€3,025 | +23.8% |
| Other amounts receivable | 41 | €8 | €9 | +€1 | +15.8% |
| Cash at bank and in hand | 54/58 | €119,658 | €97,738 | -€21,920 | -18.3% |
| Deferred charges and accrued income | 490/1 | €593 | €1,366 | +€774 | +130% |
| Total equity and liabilities | 10/49 | €145,533 | €221,646 | +€76,113 | +52.3% |
| Equity | 10/15 | €102,426 | €107,802 | +€5,376 | +5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,426 | €102,802 | +€5,376 | +5.5% |
| Distributable reserves | 133 | €97,426 | €102,802 | +€5,376 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,106 | €113,844 | +€70,737 | +164% |
| Amounts payable after more than one year | 17 | €4,671 | €75,562 | +€70,891 | +1,518% |
| Financial debts | 170/4 | €4,671 | €75,562 | +€70,891 | +1,518% |
| Amounts payable within one year | 42/48 | €36,184 | €36,021 | -€163 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €7,884 | €21,533 | +€13,649 | +173% |
| Trade debts | 44 | €384 | €576 | +€191 | +49.8% |
| Suppliers | 440/4 | €384 | €576 | +€191 | +49.8% |
| Taxes, remuneration and social security | 45 | €24,660 | €13,500 | -€11,160 | -45.3% |
| Taxes | 450/3 | €24,660 | €13,500 | -€11,160 | -45.3% |
| Other amounts payable | 47/48 | €3,255 | €411 | -€2,844 | -87.4% |
| Accrued charges and deferred income | 492/3 | €2,251 | €2,261 | +€9 | +0.4% |
| Non-recurring operating income | 76A | €6,516 | €0 | -€6,516 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,267 | €8,267 | = | 0.0% |
| Other operating charges | 640/8 | €5,209 | €1,090 | -€4,118 | -79.1% |
| Gross operating margin | 9900 | €80,077 | €93,356 | +€13,278 | +16.6% |
| Operating profit (loss) | 9901 | €66,602 | €83,999 | +€17,397 | +26.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €686 | €2,162 | +€1,475 | +215% |
| Recurring financial charges | 65 | €686 | €2,162 | +€1,475 | +215% |
| Profit (loss) for the period before taxes | 9903 | €65,916 | €81,837 | +€15,921 | +24.2% |
| Income taxes | 67/77 | €16,126 | €17,461 | +€1,335 | +8.3% |
| Profit (loss) for the period | 9904 | €49,790 | €64,376 | +€14,586 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,790 | €64,376 | +€14,586 | +29.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.