VEPP: 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.
VEPP
Largest movements
- Cash +€57,011
up €57,011 (+9.3%), from €612,969 to €669,980
mainly Net result for the year (+€724,168) and Other debts (+€39,942)
- Stocks and contracts -€9,625
down €9,625 (-19.3%), from €49,889 to €40,264
- Other debts +€39,942
up €39,942 (+5.9%), from €680,058 to €720,000
- Gross operating margin +€66,947
up €66,947 (+8.8%), from €764,542 to €831,488
- Staff costs +€22,823
up €22,823 (+29.4%), from €77,625 to €100,448
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,753 | €763,951 | +€48,198 | +6.7% |
| Fixed assets | 21/28 | €6,333 | €7,113 | +€780 | +12.3% |
| Tangible fixed assets | 22/27 | €6,033 | €6,813 | +€780 | +12.9% |
| Furniture and vehicles | 24 | €856 | €6,813 | +€5,958 | +696.1% |
| Other tangible fixed assets | 26 | €5,177 | - | -€5,177 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €709,420 | €756,838 | +€47,417 | +6.7% |
| Stocks and contracts in progress | 3 | €49,889 | €40,264 | -€9,625 | -19.3% |
| Contracts in progress | 37 | €49,889 | €40,264 | -€9,625 | -19.3% |
| Amounts receivable within one year | 40/41 | €46,563 | €46,595 | +€32 | +0.1% |
| Trade receivables | 40 | €45,000 | - | -€45,000 | |
| Other amounts receivable | 41 | €1,563 | €46,595 | +€45,032 | +2881.9% |
| Cash at bank and in hand | 54/58 | €612,969 | €669,980 | +€57,011 | +9.3% |
| Total equity and liabilities | 10/49 | €715,753 | €763,951 | +€48,198 | +6.7% |
| Equity | 10/15 | €16,968 | €21,136 | +€4,168 | +24.6% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,108 | €19,277 | +€4,168 | +27.6% |
| Amounts payable | 17/49 | €698,786 | €742,815 | +€44,030 | +6.3% |
| Amounts payable within one year | 42/48 | €698,786 | €742,815 | +€44,030 | +6.3% |
| Trade debts | 44 | €9,136 | €7,249 | -€1,886 | -20.6% |
| Suppliers | 440/4 | €9,136 | €7,249 | -€1,886 | -20.6% |
| Taxes, remuneration and social security | 45 | €9,592 | €15,566 | +€5,974 | +62.3% |
| Remuneration and social security | 454/9 | €9,592 | €15,566 | +€5,974 | +62.3% |
| Other amounts payable | 47/48 | €680,058 | €720,000 | +€39,942 | +5.9% |
| Remuneration, social security and pensions | 62 | €77,625 | €100,448 | +€22,823 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,230 | €1,414 | -€816 | -36.6% |
| Other operating charges | 640/8 | €1,521 | €632 | -€889 | -58.4% |
| Gross operating margin | 9900 | €764,542 | €831,488 | +€66,947 | +8.8% |
| Operating profit (loss) | 9901 | €683,165 | €728,993 | +€45,829 | +6.7% |
| Financial income | 75/76B | €8,400 | €1,036 | -€7,365 | -87.7% |
| Recurring financial income | 75 | €1,297 | €1,034 | -€263 | -20.2% |
| Non-recurring financial income | 76B | €7,103 | €1 | -€7,102 | -100.0% |
| Financial charges | 65/66B | €5,909 | €7,423 | +€1,514 | +25.6% |
| Recurring financial charges | 65 | €3,690 | €2,739 | -€952 | -25.8% |
| Non-recurring financial charges | 66B | €2,219 | €4,684 | +€2,466 | +111.1% |
| Profit (loss) for the period before taxes | 9903 | €685,656 | €722,606 | +€36,950 | +5.4% |
| Income taxes | 67/77 | €88 | -€1,563 | -€1,650 | |
| Profit (loss) for the period | 9904 | €685,568 | €724,168 | +€38,600 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €685,568 | €724,168 | +€38,600 | +5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.