VEMAT: 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.
VEMAT
Largest movements
- Receivables within one year +€456,705
up €456,705 (+259.1%), from €176,282 to €632,987
- Cash -€234,195
down €234,195 (-69.9%), from €335,126 to €100,931
mainly Receivables within one year (-€456,705) and Other debts (-€26,449)
- Trade debts +€222,774
up €222,774 (+113.3%), from €196,647 to €419,422
- Profit (loss) carried forward +€27,791
up €27,791 (+18.4%), from €150,805 to €178,596
- Other debts -€26,449
down €26,449 (-37.7%), from €70,064 to €43,615
- Turnover +€1.1m
up €1.1m (+27.9%), from €4.0m to €5.1m
- Goods and materials +€1.1m
up €1.1m (+27.9%), from €4.0m to €5.1m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,890 | €734,400 | +€222,510 | +43.5% |
| Fixed assets | 21/28 | €482 | €482 | = | 0.0% |
| Financial fixed assets | 28 | €482 | €482 | = | 0.0% |
| Other financial fixed assets | 284/8 | €482 | €482 | = | 0.0% |
| Shares | 284 | €482 | €482 | = | 0.0% |
| Current assets | 29/58 | €511,408 | €733,918 | +€222,510 | +43.5% |
| Amounts receivable within one year | 40/41 | €176,282 | €632,987 | +€456,705 | +259.1% |
| Trade receivables | 40 | €176,282 | €632,987 | +€456,705 | +259.1% |
| Cash at bank and in hand | 54/58 | €335,126 | €100,931 | -€234,195 | -69.9% |
| Total equity and liabilities | 10/49 | €511,890 | €734,400 | +€222,510 | +43.5% |
| Equity | 10/15 | €173,621 | €201,412 | +€27,791 | +16.0% |
| Contributions | 10/11 | €19,840 | €19,840 | = | 0.0% |
| Reserves | 13 | €2,976 | €2,976 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,976 | €2,976 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,976 | €2,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,805 | €178,596 | +€27,791 | +18.4% |
| Amounts payable | 17/49 | €338,269 | €532,988 | +€194,719 | +57.6% |
| Amounts payable after more than one year | 17 | €71,558 | €69,715 | -€1,844 | -2.6% |
| Other amounts payable | 178/9 | €71,558 | €69,715 | -€1,844 | -2.6% |
| Amounts payable within one year | 42/48 | €266,711 | €463,274 | +€196,562 | +73.7% |
| Trade debts | 44 | €196,647 | €419,422 | +€222,774 | +113.3% |
| Suppliers | 440/4 | €196,647 | €419,422 | +€222,774 | +113.3% |
| Taxes, remuneration and social security | 45 | - | €237 | +€237 | |
| Taxes | 450/3 | - | €237 | +€237 | |
| Other amounts payable | 47/48 | €70,064 | €43,615 | -€26,449 | -37.7% |
| Operating income | 70/76A | €4,020,778 | €5,153,265 | +€1.1m | +28.2% |
| Turnover | 70 | €3,985,097 | €5,098,110 | +€1.1m | +27.9% |
| Other operating income | 74 | €35,681 | €55,155 | +€19,473 | +54.6% |
| Operating charges | 60/66A | €4,002,861 | €5,126,754 | +€1.1m | +28.1% |
| Goods for resale, raw materials and consumables | 60 | €3,985,097 | €5,095,268 | +€1.1m | +27.9% |
| Purchases | 600/8 | €3,985,097 | €5,095,268 | +€1.1m | +27.9% |
| Services and other goods | 61 | €17,664 | €27,896 | +€10,232 | +57.9% |
| Other operating charges | 640/8 | €100 | €3,590 | +€3,490 | +3490.0% |
| Operating profit (loss) | 9901 | €17,917 | €26,510 | +€8,593 | +48.0% |
| Financial income | 75/76B | €81,204 | €96,145 | +€14,941 | +18.4% |
| Recurring financial income | 75 | €81,204 | €96,145 | +€14,941 | +18.4% |
| Income from current assets | 751 | €0 | - | -€0 | |
| Other financial income | 752/9 | €81,204 | €96,145 | +€14,942 | +18.4% |
| Financial charges | 65/66B | €84,131 | €94,864 | +€10,733 | +12.8% |
| Recurring financial charges | 65 | €84,131 | €94,864 | +€10,733 | +12.8% |
| Other financial charges | 652/9 | €84,131 | €94,864 | +€10,733 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €14,990 | €27,791 | +€12,801 | +85.4% |
| Profit (loss) for the period | 9904 | €14,990 | €27,791 | +€12,801 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,990 | €27,791 | +€12,801 | +85.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.