VEMATIKA: what changed
VEMATIKA
Largest movements
- Cash -€168,018
down €168,018 (-95.6%), from €175,787 to €7,769
mainly Investment in fixed assets (net) (-€288,477) and Trade debts (-€135,349)
- Tangible fixed assets +€141,328
up €141,328 (+5.2%), from €2.7m to €2.8m
of which Land and buildings: +€134,629
- Receivables within one year +€75,589
up €75,589 (+621%), from €12,177 to €87,766
of which Trade receivables: +€73,060
- Other debts +€143,380
up €143,380 (+20.1%), from €713,996 to €857,376
- Trade debts -€135,349
down €135,349 (-95.2%), from €142,119 to €6,770
- Reserves +€66,757
up €66,757 (+24.1%), from €277,079 to €343,835
- Debts after one year -€58,272
down €58,272 (-3.8%), from €1.5m to €1.5m
- Gross operating margin +€163,705
up €163,705 (+92.1%), from €177,671 to €341,376
- Depreciation +€42,797
up €42,797 (+41.0%), from €104,353 to €147,150
- Financial charges +€39,119
up €39,119 (+75.2%), from €52,022 to €91,141
- Taxes +€16,790
new in 2025: €16,790
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,899,818 | €2,949,961 | +€50,143 | +1.7% |
| Fixed assets | 21/28 | €2,707,143 | €2,848,471 | +€141,328 | +5.2% |
| Tangible fixed assets | 22/27 | €2,707,143 | €2,848,471 | +€141,328 | +5.2% |
| Land and buildings | 22 | €2,680,316 | €2,814,945 | +€134,629 | +5.0% |
| Plant, machinery and equipment | 23 | €11,207 | €9,176 | -€2,032 | -18.1% |
| Furniture and vehicles | 24 | €15,620 | €24,350 | +€8,730 | +55.9% |
| Current assets | 29/58 | €192,675 | €101,490 | -€91,185 | -47.3% |
| Amounts receivable within one year | 40/41 | €12,177 | €87,766 | +€75,589 | +621% |
| Trade receivables | 40 | €10,563 | €83,623 | +€73,060 | +692% |
| Other amounts receivable | 41 | €1,614 | €4,143 | +€2,529 | +157% |
| Cash at bank and in hand | 54/58 | €175,787 | €7,769 | -€168,018 | -95.6% |
| Deferred charges and accrued income | 490/1 | €4,712 | €5,956 | +€1,244 | +26.4% |
| Total equity and liabilities | 10/49 | €2,899,818 | €2,949,961 | +€50,143 | +1.7% |
| Equity | 10/15 | €339,079 | €405,835 | +€66,757 | +19.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €277,079 | €343,835 | +€66,757 | +24.1% |
| Distributable reserves | 133 | €277,079 | €343,835 | +€66,757 | +24.1% |
| Amounts payable | 17/49 | €2,560,740 | €2,544,126 | -€16,614 | -0.6% |
| Amounts payable after more than one year | 17 | €1,542,333 | €1,484,061 | -€58,272 | -3.8% |
| Financial debts | 170/4 | €1,542,333 | €1,484,061 | -€58,272 | -3.8% |
| Amounts payable within one year | 42/48 | €1,008,707 | €1,050,610 | +€41,903 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €129,723 | €150,267 | +€20,544 | +15.8% |
| Trade debts | 44 | €142,119 | €6,770 | -€135,349 | -95.2% |
| Suppliers | 440/4 | €142,119 | €6,770 | -€135,349 | -95.2% |
| Taxes, remuneration and social security | 45 | €22,869 | €36,197 | +€13,327 | +58.3% |
| Taxes | 450/3 | €22,869 | €36,197 | +€13,327 | +58.3% |
| Other amounts payable | 47/48 | €713,996 | €857,376 | +€143,380 | +20.1% |
| Accrued charges and deferred income | 492/3 | €9,700 | €9,455 | -€245 | -2.5% |
| Non-recurring operating income | 76A | - | €26,499 | +€26,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,353 | €147,150 | +€42,797 | +41.0% |
| Other operating charges | 640/8 | €18,061 | €19,952 | +€1,891 | +10.5% |
| Gross operating margin | 9900 | €177,671 | €341,376 | +€163,705 | +92.1% |
| Operating profit (loss) | 9901 | €55,257 | €174,274 | +€119,017 | +215% |
| Financial income | 75/76B | €1,670 | €414 | -€1,256 | -75.2% |
| Recurring financial income | 75 | €1,670 | €414 | -€1,256 | -75.2% |
| Financial charges | 65/66B | €52,022 | €91,141 | +€39,119 | +75.2% |
| Recurring financial charges | 65 | €52,022 | €91,141 | +€39,119 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €4,906 | €83,547 | +€78,641 | +1,603% |
| Income taxes | 67/77 | - | €16,790 | +€16,790 | |
| Profit (loss) for the period | 9904 | €4,906 | €66,757 | +€61,851 | +1,261% |
| Profit (loss) for the period to be appropriated | 9905 | €4,906 | €66,757 | +€61,851 | +1,261% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.