VEMATRO: 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.
VEMATRO
Largest movements
- Tangible fixed assets +€55,049
up €55,049, from €0 to €55,049
of which Furniture and vehicles: +€55,049
- Receivables within one year +€6,250
up €6,250 (+13.4%), from €46,794 to €53,043
of which Trade receivables: +€9,741
- Trade debts +€59,455
up €59,455 (+921%), from €6,453 to €65,909
- Reserves +€26,279
up €26,279 (+1,413%), from €1,860 to €28,139
of which Distributable reserves: +€26,279
- Profit (loss) carried forward -€18,718
down €18,718 (-100%), from €18,718 to €0
- Tax, wage and social debts -€6,426
down €6,426 (-44.6%), from €14,408 to €7,982
- Gross operating margin -€28,060
down €28,060 (-78.2%), from €35,869 to €7,810
- Depreciation -€22,359
down €22,359 (-97.2%), from €23,000 to €641
- Financial charges -€5,574
down €5,574, from €1,209 to -€4,364
- Financial income +€1,442
up €1,442, from €0 to €1,442
- Taxes +€665
up €665 (+28.9%), from €2,302 to €2,967
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 | €60,040 | €120,630 | +€60,590 | +101% |
| Fixed assets | 21/28 | €0 | €55,049 | +€55,049 | |
| Tangible fixed assets | 22/27 | €0 | €55,049 | +€55,049 | |
| Furniture and vehicles | 24 | - | €55,049 | +€55,049 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €60,040 | €65,580 | +€5,541 | +9.2% |
| Amounts receivable within one year | 40/41 | €46,794 | €53,043 | +€6,250 | +13.4% |
| Trade receivables | 40 | €20,286 | €30,027 | +€9,741 | +48.0% |
| Other amounts receivable | 41 | €26,508 | €23,016 | -€3,492 | -13.2% |
| Cash at bank and in hand | 54/58 | €10,794 | €9,876 | -€918 | -8.5% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,661 | +€209 | +8.5% |
| Total equity and liabilities | 10/49 | €60,040 | €120,630 | +€60,590 | +101% |
| Equity | 10/15 | €39,178 | €46,739 | +€7,561 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €28,139 | +€26,279 | +1,413% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €28,139 | +€26,279 | +1,413% |
| Profit (loss) carried forward | 14 | €18,718 | €0 | -€18,718 | -100% |
| Amounts payable | 17/49 | €20,862 | €73,891 | +€53,029 | +254% |
| Amounts payable within one year | 42/48 | €20,862 | €73,891 | +€53,029 | +254% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,453 | €65,909 | +€59,455 | +921% |
| Suppliers | 440/4 | €6,453 | €65,909 | +€59,455 | +921% |
| Taxes, remuneration and social security | 45 | €14,408 | €7,982 | -€6,426 | -44.6% |
| Taxes | 450/3 | €14,408 | €7,982 | -€6,426 | -44.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,000 | €641 | -€22,359 | -97.2% |
| Other operating charges | 640/8 | €2,234 | €2,448 | +€214 | +9.6% |
| Gross operating margin | 9900 | €35,869 | €7,810 | -€28,060 | -78.2% |
| Operating profit (loss) | 9901 | €10,636 | €4,721 | -€5,915 | -55.6% |
| Financial income | 75/76B | €0 | €1,442 | +€1,442 | |
| Recurring financial income | 75 | €0 | €1,442 | +€1,442 | |
| Financial charges | 65/66B | €1,209 | -€4,364 | -€5,574 | |
| Recurring financial charges | 65 | €1,209 | -€4,364 | -€5,574 | |
| Profit (loss) for the period before taxes | 9903 | €9,426 | €10,528 | +€1,102 | +11.7% |
| Income taxes | 67/77 | €2,302 | €2,967 | +€665 | +28.9% |
| Profit (loss) for the period | 9904 | €7,125 | €7,561 | +€436 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,125 | €7,561 | +€436 | +6.1% |
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 15 October 2026 via checked.be.