VEMONTRA: 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.
VEMONTRA
Largest movements
- Tangible fixed assets -€105,161
down €105,161 (-63.0%), from €166,855 to €61,694
of which Furniture and vehicles: -€91,093
- Receivables within one year -€23,641
down €23,641 (-16.5%), from €143,275 to €119,635
of which Trade receivables: -€21,211
- Deferred charges and accrued income -€8,880
down €8,880 (-45.5%), from €19,537 to €10,657
- Trade debts -€134,313
down €134,313 (-41.4%), from €324,619 to €190,306
- Current portion of long-term debt -€61,027
down €61,027 (-74.7%), from €81,682 to €20,655
- Short-term financial debts +€47,032
up €47,032 (+324,132%), from €15 to €47,046
of which Other loans: +€47,000
- Profit (loss) carried forward +€21,672
up €21,672 (+6.5%), from -€334,678 to -€313,006
- Debts after one year -€16,541
no longer reported in 2025 (was €16,541)
- Gross operating margin -€139,044
down €139,044 (-43.1%), from €322,335 to €183,291
- Depreciation -€71,139
down €71,139 (-71.6%), from €99,384 to €28,245
- Staff costs -€29,308
down €29,308 (-22.2%), from €131,825 to €102,517
- Financial charges -€13,104
down €13,104 (-48.3%), from €27,103 to €13,999
- Other operating charges -€3,972
down €3,972 (-24.2%), from €16,381 to €12,409
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 | €330,371 | €192,014 | -€138,357 | -41.9% |
| Fixed assets | 21/28 | €166,855 | €61,694 | -€105,161 | -63.0% |
| Tangible fixed assets | 22/27 | €166,855 | €61,694 | -€105,161 | -63.0% |
| Plant, machinery and equipment | 23 | €22,071 | €18,887 | -€3,185 | -14.4% |
| Furniture and vehicles | 24 | €128,590 | €37,497 | -€91,093 | -70.8% |
| Leasing and similar rights | 25 | €6,794 | - | -€6,794 | |
| Other tangible fixed assets | 26 | €9,399 | €5,310 | -€4,089 | -43.5% |
| Current assets | 29/58 | €163,516 | €130,320 | -€33,196 | -20.3% |
| Amounts receivable within one year | 40/41 | €143,275 | €119,635 | -€23,641 | -16.5% |
| Trade receivables | 40 | €139,576 | €118,365 | -€21,211 | -15.2% |
| Other amounts receivable | 41 | €3,700 | €1,269 | -€2,430 | -65.7% |
| Cash at bank and in hand | 54/58 | €703 | €29 | -€675 | -95.9% |
| Deferred charges and accrued income | 490/1 | €19,537 | €10,657 | -€8,880 | -45.5% |
| Total equity and liabilities | 10/49 | €330,371 | €192,014 | -€138,357 | -41.9% |
| Equity | 10/15 | -€131,110 | -€109,439 | +€21,672 | +16.5% |
| Contributions | 10/11 | €12,870 | €12,870 | = | 0.0% |
| Reserves | 13 | €190,698 | €190,698 | = | 0.0% |
| Distributable reserves | 133 | €190,698 | €190,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,678 | -€313,006 | +€21,672 | +6.5% |
| Amounts payable | 17/49 | €461,481 | €301,453 | -€160,029 | -34.7% |
| Amounts payable after more than one year | 17 | €16,541 | - | -€16,541 | |
| Financial debts | 170/4 | €16,541 | - | -€16,541 | |
| Amounts payable within one year | 42/48 | €425,234 | €281,997 | -€143,237 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €81,682 | €20,655 | -€61,027 | -74.7% |
| Financial debts | 43 | €15 | €47,046 | +€47,032 | +324,132% |
| Credit institutions | 430/8 | €15 | €46 | +€32 | +218% |
| Other loans | 439 | - | €47,000 | +€47,000 | |
| Trade debts | 44 | €324,619 | €190,306 | -€134,313 | -41.4% |
| Suppliers | 440/4 | €324,619 | €190,306 | -€134,313 | -41.4% |
| Taxes, remuneration and social security | 45 | €6,256 | €10,922 | +€4,666 | +74.6% |
| Taxes | 450/3 | €790 | €652 | -€138 | -17.5% |
| Remuneration and social security | 454/9 | €5,466 | €10,270 | +€4,804 | +87.9% |
| Other amounts payable | 47/48 | €12,662 | €13,068 | +€406 | +3.2% |
| Accrued charges and deferred income | 492/3 | €19,707 | €19,456 | -€252 | -1.3% |
| Non-recurring operating income | 76A | €16,270 | €61,960 | +€45,690 | +281% |
| Remuneration, social security and pensions | 62 | €131,825 | €102,517 | -€29,308 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,384 | €28,245 | -€71,139 | -71.6% |
| Other operating charges | 640/8 | €16,381 | €12,409 | -€3,972 | -24.2% |
| Non-recurring operating charges | 66A | €3,066 | €5,659 | +€2,592 | +84.5% |
| Gross operating margin | 9900 | €322,335 | €183,291 | -€139,044 | -43.1% |
| Operating profit (loss) | 9901 | €71,679 | €34,461 | -€37,217 | -51.9% |
| Financial income | 75/76B | €0 | €1,549 | +€1,549 | +619,568% |
| Recurring financial income | 75 | €0 | €1,549 | +€1,549 | +619,568% |
| Financial charges | 65/66B | €27,103 | €13,999 | -€13,104 | -48.3% |
| Recurring financial charges | 65 | €27,103 | €13,999 | -€13,104 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €44,576 | €22,012 | -€22,564 | -50.6% |
| Income taxes | 67/77 | €246 | €340 | +€94 | +38.0% |
| Profit (loss) for the period | 9904 | €44,329 | €21,672 | -€22,658 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,329 | €21,672 | -€22,658 | -51.1% |
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 27 October 2026 via checked.be.