VEMO: 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.
VEMO
Largest movements
- Deferred charges and accrued income -€32,126
down €32,126 (-21.1%), from €152,592 to €120,466
- Cash +€20,709
up €20,709 (+36.0%), from €57,466 to €78,175
mainly Net result for the year (+€181,700) and Depreciation (+€74,097)
- Tangible fixed assets +€17,763
up €17,763 (+1.3%), from €1.3m to €1.4m
of which Furniture and vehicles: +€52,371
- Debts after one year -€70,537
down €70,537 (-21.2%), from €332,238 to €261,701
- Reserves +€65,150
up €65,150 (+9.8%), from €667,373 to €732,524
- Other debts +€22,852
up €22,852 (+6.6%), from €348,754 to €371,606
- Depreciation -€23,107
down €23,107 (-23.8%), from €97,205 to €74,097
- Financial charges +€3,986
up €3,986 (+20.5%), from €19,403 to €23,388
- Taxes +€3,946
up €3,946 (+4.7%), from €83,551 to €87,498
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 | €1,545,226 | €1,551,578 | +€6,353 | +0.4% |
| Fixed assets | 21/28 | €1,335,086 | €1,352,849 | +€17,763 | +1.3% |
| Tangible fixed assets | 22/27 | €1,335,086 | €1,352,849 | +€17,763 | +1.3% |
| Land and buildings | 22 | €1,302,750 | €1,269,035 | -€33,715 | -2.6% |
| Plant, machinery and equipment | 23 | €1,558 | €665 | -€893 | -57.3% |
| Furniture and vehicles | 24 | €30,779 | €83,149 | +€52,371 | +170% |
| Current assets | 29/58 | €210,139 | €198,730 | -€11,410 | -5.4% |
| Amounts receivable within one year | 40/41 | €81 | €89 | +€7 | +9.0% |
| Other amounts receivable | 41 | €81 | €89 | +€7 | +9.0% |
| Cash at bank and in hand | 54/58 | €57,466 | €78,175 | +€20,709 | +36.0% |
| Deferred charges and accrued income | 490/1 | €152,592 | €120,466 | -€32,126 | -21.1% |
| Total equity and liabilities | 10/49 | €1,545,226 | €1,551,578 | +€6,353 | +0.4% |
| Equity | 10/15 | €685,973 | €751,124 | +€65,150 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €667,373 | €732,524 | +€65,150 | +9.8% |
| Distributable reserves | 133 | €667,373 | €732,524 | +€65,150 | +9.8% |
| Amounts payable | 17/49 | €859,252 | €800,455 | -€58,798 | -6.8% |
| Amounts payable after more than one year | 17 | €332,238 | €261,701 | -€70,537 | -21.2% |
| Financial debts | 170/4 | €332,238 | €261,701 | -€70,537 | -21.2% |
| Amounts payable within one year | 42/48 | €502,265 | €508,890 | +€6,625 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €110,651 | €99,826 | -€10,825 | -9.8% |
| Trade debts | 44 | €4,255 | €9,429 | +€5,174 | +122% |
| Suppliers | 440/4 | €4,255 | €9,429 | +€5,174 | +122% |
| Taxes, remuneration and social security | 45 | €38,606 | €28,029 | -€10,576 | -27.4% |
| Taxes | 450/3 | €38,606 | €28,029 | -€10,576 | -27.4% |
| Other amounts payable | 47/48 | €348,754 | €371,606 | +€22,852 | +6.6% |
| Accrued charges and deferred income | 492/3 | €24,749 | €29,864 | +€5,115 | +20.7% |
| Non-recurring operating income | 76A | - | €9,500 | +€9,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,205 | €74,097 | -€23,107 | -23.8% |
| Other operating charges | 640/8 | €7,613 | €8,373 | +€760 | +10.0% |
| Gross operating margin | 9900 | €374,722 | €374,815 | +€92 | 0.0% |
| Operating profit (loss) | 9901 | €269,905 | €292,345 | +€22,439 | +8.3% |
| Financial income | 75/76B | €181 | €242 | +€61 | +33.5% |
| Recurring financial income | 75 | €181 | €242 | +€61 | +33.5% |
| Financial charges | 65/66B | €19,403 | €23,388 | +€3,986 | +20.5% |
| Recurring financial charges | 65 | €19,403 | €23,388 | +€3,986 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €250,684 | €269,198 | +€18,514 | +7.4% |
| Income taxes | 67/77 | €83,551 | €87,498 | +€3,946 | +4.7% |
| Profit (loss) for the period | 9904 | €167,132 | €181,700 | +€14,568 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €167,132 | €181,700 | +€14,568 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.