Vepocon: 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.
Vepocon
Largest movements
- Stocks and contracts +€56,155
up €56,155 (+108.4%), from €51,813 to €107,968
- Cash -€44,285
down €44,285 (-94.2%), from €47,007 to €2,722
mainly Stocks and contracts (-€56,155) and Receivables within one year (-€28,183)
- Receivables within one year +€28,183
up €28,183 (+28710.9%), from €98 to €28,281
of which Trade receivables: +€27,624
- Trade debts +€44,837
up €44,837 (+23784.8%), from €189 to €45,025
- Profit (loss) carried forward -€4,603
down €4,603 (-1.6%), from -€291,452 to -€296,055
- Other operating charges +€736
up €736 (+281.5%), from €261 to €997
- Gross operating margin -€124
down €124 (-3.6%), from -€3,453 to -€3,577
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 | €98,918 | €138,971 | +€40,053 | +40.5% |
| Current assets | 29/58 | €98,918 | €138,971 | +€40,053 | +40.5% |
| Stocks and contracts in progress | 3 | €51,813 | €107,968 | +€56,155 | +108.4% |
| Stocks | 30/36 | €51,813 | €107,968 | +€56,155 | +108.4% |
| Amounts receivable within one year | 40/41 | €98 | €28,281 | +€28,183 | +28710.9% |
| Trade receivables | 40 | - | €27,624 | +€27,624 | |
| Other amounts receivable | 41 | €98 | €656 | +€558 | +568.7% |
| Cash at bank and in hand | 54/58 | €47,007 | €2,722 | -€44,285 | -94.2% |
| Total equity and liabilities | 10/49 | €98,918 | €138,971 | +€40,053 | +40.5% |
| Equity | 10/15 | -€141,452 | -€146,055 | -€4,603 | -3.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,452 | -€296,055 | -€4,603 | -1.6% |
| Amounts payable | 17/49 | €240,370 | €285,025 | +€44,655 | +18.6% |
| Amounts payable within one year | 42/48 | €240,370 | €285,025 | +€44,655 | +18.6% |
| Trade debts | 44 | €189 | €45,025 | +€44,837 | +23784.8% |
| Suppliers | 440/4 | €189 | €45,025 | +€44,837 | +23784.8% |
| Other amounts payable | 47/48 | €240,181 | €240,000 | -€181 | -0.1% |
| Other operating charges | 640/8 | €261 | €997 | +€736 | +281.5% |
| Gross operating margin | 9900 | -€3,453 | -€3,577 | -€124 | -3.6% |
| Operating profit (loss) | 9901 | -€3,714 | -€4,574 | -€860 | -23.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €29 | €29 | +€1 | +3.0% |
| Recurring financial charges | 65 | €29 | €29 | +€1 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,742 | -€4,603 | -€860 | -23.0% |
| Profit (loss) for the period | 9904 | -€3,742 | -€4,603 | -€860 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,742 | -€4,603 | -€860 | -23.0% |
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 8 October 2026 via checked.be.