VEMICHRON: 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.
VEMICHRON
Largest movements
- Receivables within one year -€56,365
down €56,365 (-74.2%), from €75,972 to €19,607
of which Trade receivables: -€60,973
- Cash +€53,076
up €53,076 (+81.1%), from €65,429 to €118,505
mainly Receivables within one year (+€56,365) and Stocks and contracts (+€25,950)
- Stocks and contracts -€25,950
down €25,950 (-36.8%), from €70,599 to €44,650
- Tangible fixed assets -€14,879
down €14,879 (-35.9%), from €41,486 to €26,607
of which Leasing and similar rights: -€9,307
- Profit (loss) carried forward -€26,432
down €26,432 (-15.3%), from €173,005 to €146,573
- Debts after one year -€8,034
down €8,034 (-40.8%), from €19,703 to €11,669
- Trade debts -€6,958
down €6,958 (-33.2%), from €20,929 to €13,972
- Provisions -€13,861
down €13,861 (-100.0%), from €13,861 to €0
- Staff costs +€11,469
up €11,469 (+9.2%), from €124,641 to €136,110
- Gross operating margin +€6,042
up €6,042 (+3.4%), from €179,241 to €185,283
- Taxes +€4,970
up €4,970 (+84.3%), from €5,896 to €10,866
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.
Cash bridge derived
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 | €260,293 | €218,660 | -€41,633 | -16.0% |
| Fixed assets | 21/28 | €41,566 | €28,971 | -€12,594 | -30.3% |
| Intangible fixed assets | 21 | €80 | €2,114 | +€2,034 | +2551.5% |
| Tangible fixed assets | 22/27 | €41,486 | €26,607 | -€14,879 | -35.9% |
| Plant, machinery and equipment | 23 | €5,720 | €4,200 | -€1,520 | -26.6% |
| Furniture and vehicles | 24 | €5,780 | €1,728 | -€4,052 | -70.1% |
| Leasing and similar rights | 25 | €29,986 | €20,679 | -€9,307 | -31.0% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €218,727 | €189,688 | -€29,039 | -13.3% |
| Stocks and contracts in progress | 3 | €70,599 | €44,650 | -€25,950 | -36.8% |
| Stocks | 30/36 | €70,599 | €44,650 | -€25,950 | -36.8% |
| Amounts receivable within one year | 40/41 | €75,972 | €19,607 | -€56,365 | -74.2% |
| Trade receivables | 40 | €75,920 | €14,947 | -€60,973 | -80.3% |
| Other amounts receivable | 41 | €53 | €4,660 | +€4,608 | +8776.8% |
| Cash at bank and in hand | 54/58 | €65,429 | €118,505 | +€53,076 | +81.1% |
| Deferred charges and accrued income | 490/1 | €6,727 | €6,927 | +€200 | +3.0% |
| Total equity and liabilities | 10/49 | €260,293 | €218,660 | -€41,633 | -16.0% |
| Equity | 10/15 | €187,265 | €160,833 | -€26,432 | -14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,005 | €146,573 | -€26,432 | -15.3% |
| Amounts payable | 17/49 | €73,028 | €57,827 | -€15,201 | -20.8% |
| Amounts payable after more than one year | 17 | €19,703 | €11,669 | -€8,034 | -40.8% |
| Financial debts | 170/4 | €19,703 | €11,669 | -€8,034 | -40.8% |
| Amounts payable within one year | 42/48 | €53,325 | €46,158 | -€7,167 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €7,705 | €8,034 | +€329 | +4.3% |
| Financial debts | 43 | €2,311 | €85 | -€2,226 | -96.3% |
| Credit institutions | 430/8 | €2,311 | €85 | -€2,226 | -96.3% |
| Trade debts | 44 | €20,929 | €13,972 | -€6,958 | -33.2% |
| Suppliers | 440/4 | €20,929 | €13,972 | -€6,958 | -33.2% |
| Taxes, remuneration and social security | 45 | €22,380 | €24,067 | +€1,688 | +7.5% |
| Taxes | 450/3 | €8,519 | €11,762 | +€3,243 | +38.1% |
| Remuneration and social security | 454/9 | €13,861 | €12,305 | -€1,556 | -11.2% |
| Non-recurring operating income | 76A | €0 | €4,202 | +€4,202 | |
| Remuneration, social security and pensions | 62 | €124,641 | €136,110 | +€11,469 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,563 | €11,934 | -€629 | -5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,861 | €0 | -€13,861 | -100.0% |
| Other operating charges | 640/8 | €1,555 | €1,286 | -€269 | -17.3% |
| Non-recurring operating charges | 66A | €5,104 | €0 | -€5,104 | -100.0% |
| Gross operating margin | 9900 | €179,241 | €185,283 | +€6,042 | +3.4% |
| Operating profit (loss) | 9901 | €21,517 | €35,953 | +€14,436 | +67.1% |
| Financial income | 75/76B | €0 | €22 | +€22 | |
| Recurring financial income | 75 | €0 | €22 | +€22 | |
| Financial charges | 65/66B | €2,201 | €1,541 | -€660 | -30.0% |
| Recurring financial charges | 65 | €2,201 | €1,541 | -€660 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €19,317 | €34,434 | +€15,117 | +78.3% |
| Income taxes | 67/77 | €5,896 | €10,866 | +€4,970 | +84.3% |
| Profit (loss) for the period | 9904 | €13,420 | €23,568 | +€10,147 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,420 | €23,568 | +€10,147 | +75.6% |
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 9 October 2026 via checked.be.