VEPA-BOUW: what changed
VEPA-BOUW
Largest movements
- Financial fixed assets +€842,131
up €842,131 (+36.3%), from €2.3m to €3.2m
- Receivables within one year -€252,661
down €252,661 (-12.2%), from €2.1m to €1.8m
of which Other amounts receivable: -€252,661
- Reserves +€776,932
up €776,932 (+22.3%), from €3.5m to €4.3m
of which Distributable reserves: +€776,932
- Tax, wage and social debts -€186,758
down €186,758 (-69.7%), from €267,850 to €81,092
- Taxes +€77,639
up €77,639 (+1,840%), from €4,219 to €81,858
- Financial income -€42,425
down €42,425 (-4.7%), from €902,827 to €860,402
of which Financial income: -€884,556
- Financial charges -€22,051
no longer reported in 2025 (was €22,051)
of which Non-recurring financial charges: -€21,733
- Gross operating margin +€4,996
up €4,996 (+93.8%), from -€5,325 to -€329
- Other operating charges +€133
up €133 (+11.6%), from €1,150 to €1,283
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,401,539 | €4,991,009 | +€589,470 | +13.4% |
| Fixed assets | 21/28 | €2,320,134 | €3,162,265 | +€842,131 | +36.3% |
| Financial fixed assets | 28 | €2,320,134 | €3,162,265 | +€842,131 | +36.3% |
| Current assets | 29/58 | €2,081,405 | €1,828,744 | -€252,661 | -12.1% |
| Amounts receivable within one year | 40/41 | €2,075,130 | €1,822,469 | -€252,661 | -12.2% |
| Trade receivables | 40 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,065,130 | €1,812,469 | -€252,661 | -12.2% |
| Current investments | 50/53 | €148 | €148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,127 | €6,127 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,401,539 | €4,991,009 | +€589,470 | +13.4% |
| Equity | 10/15 | €3,491,587 | €4,268,519 | +€776,932 | +22.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,479,187 | €4,256,119 | +€776,932 | +22.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,477,327 | €4,254,259 | +€776,932 | +22.3% |
| Amounts payable | 17/49 | €909,951 | €722,490 | -€187,462 | -20.6% |
| Amounts payable within one year | 42/48 | €903,476 | €715,880 | -€187,596 | -20.8% |
| Trade debts | 44 | €6,721 | €7,467 | +€746 | +11.1% |
| Suppliers | 440/4 | €6,721 | €7,467 | +€746 | +11.1% |
| Advances received on contracts in progress | 46 | €5,000 | €5,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €267,850 | €81,092 | -€186,758 | -69.7% |
| Taxes | 450/3 | €267,850 | €81,092 | -€186,758 | -69.7% |
| Other amounts payable | 47/48 | €623,906 | €622,321 | -€1,585 | -0.3% |
| Accrued charges and deferred income | 492/3 | €6,475 | €6,610 | +€135 | +2.1% |
| Other operating charges | 640/8 | €1,150 | €1,283 | +€133 | +11.6% |
| Gross operating margin | 9900 | -€5,325 | -€329 | +€4,996 | +93.8% |
| Operating profit (loss) | 9901 | -€6,475 | -€1,612 | +€4,862 | +75.1% |
| Financial income | 75/76B | €902,827 | €860,402 | -€42,425 | -4.7% |
| Recurring financial income | 75 | €902,827 | €18,271 | -€884,556 | -98.0% |
| Non-recurring financial income | 76B | - | €842,131 | +€842,131 | |
| Financial charges | 65/66B | €22,051 | - | -€22,051 | |
| Recurring financial charges | 65 | €318 | - | -€318 | |
| Non-recurring financial charges | 66B | €21,733 | - | -€21,733 | |
| Profit (loss) for the period before taxes | 9903 | €874,301 | €858,789 | -€15,511 | -1.8% |
| Income taxes | 67/77 | €4,219 | €81,858 | +€77,639 | +1,840% |
| Profit (loss) for the period | 9904 | €870,082 | €776,932 | -€93,150 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €870,082 | €776,932 | -€93,150 | -10.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.