VEMICO: 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.
VEMICO
Largest movements
- Receivables within one year +€201,421
up €201,421 (+2132.7%), from €9,445 to €210,866
of which Trade receivables: +€205,552
- Cash -€55,889
no longer reported in 2025 (was €55,889)
mainly Receivables within one year (-€201,421) and Other debts (-€2,890)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Short-term financial debts +€67,026
new in 2025: €67,026
- Trade debts +€63,240
up €63,240 (+2206.0%), from €2,867 to €66,106
- Profit (loss) carried forward +€6,131
up €6,131, from -€1,780 to €4,351
- Other debts -€2,890
no longer reported in 2025 (was €2,890)
- Gross operating margin +€20,490
up €20,490 (+510.3%), from €4,015 to €24,505
- Other operating charges +€9,013
up €9,013 (+299.3%), from €3,011 to €12,024
- Financial charges -€1,794
down €1,794 (-23.5%), from €7,644 to €5,850
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 | €76,641 | €211,727 | +€135,087 | +176.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €76,641 | €211,727 | +€135,087 | +176.3% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Stocks | 30/36 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €9,445 | €210,866 | +€201,421 | +2132.7% |
| Trade receivables | 40 | €675 | €206,227 | +€205,552 | +30452.1% |
| Other amounts receivable | 41 | €8,770 | €4,639 | -€4,130 | -47.1% |
| Cash at bank and in hand | 54/58 | €55,889 | - | -€55,889 | |
| Deferred charges and accrued income | 490/1 | €1,307 | €862 | -€445 | -34.1% |
| Total equity and liabilities | 10/49 | €76,641 | €211,727 | +€135,087 | +176.3% |
| Equity | 10/15 | €18,671 | €24,802 | +€6,131 | +32.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,780 | €4,351 | +€6,131 | |
| Amounts payable | 17/49 | €57,970 | €186,925 | +€128,956 | +222.5% |
| Amounts payable within one year | 42/48 | €57,970 | €186,925 | +€128,956 | +222.5% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | - | €67,026 | +€67,026 | |
| Credit institutions | 430/8 | - | €67,026 | +€67,026 | |
| Trade debts | 44 | €2,867 | €66,106 | +€63,240 | +2206.0% |
| Suppliers | 440/4 | €2,867 | €66,106 | +€63,240 | +2206.0% |
| Taxes, remuneration and social security | 45 | €2,213 | €3,793 | +€1,580 | +71.4% |
| Taxes | 450/3 | €2,213 | €3,793 | +€1,580 | +71.4% |
| Other amounts payable | 47/48 | €2,890 | - | -€2,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | - | -€193 | |
| Other operating charges | 640/8 | €3,011 | €12,024 | +€9,013 | +299.3% |
| Gross operating margin | 9900 | €4,015 | €24,505 | +€20,490 | +510.3% |
| Operating profit (loss) | 9901 | €812 | €12,482 | +€11,670 | +1437.6% |
| Financial income | 75/76B | €0 | €121 | +€121 | +172971.4% |
| Recurring financial income | 75 | €0 | €121 | +€121 | +172971.4% |
| Financial charges | 65/66B | €7,644 | €5,850 | -€1,794 | -23.5% |
| Recurring financial charges | 65 | €7,644 | €5,850 | -€1,794 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,832 | €6,753 | +€13,585 | |
| Income taxes | 67/77 | €785 | €622 | -€163 | -20.7% |
| Profit (loss) for the period | 9904 | -€7,617 | €6,131 | +€13,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,617 | €6,131 | +€13,748 |
Source: filed annual accounts (NBB), fiscal 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.