Vepreno bv: 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.
Vepreno bv
Largest movements
- Tangible fixed assets -€28,035
down €28,035 (-38.2%), from €73,455 to €45,420
- Cash -€22,009
down €22,009 (-87.7%), from €25,102 to €3,093
mainly Current portion of long-term debt (-€38,979) and Receivables within one year (-€17,227)
- Receivables within one year +€17,227
up €17,227 (+28.8%), from €59,754 to €76,981
of which Trade receivables: +€13,869
- Stocks and contracts -€16,470
down €16,470 (-41.0%), from €40,193 to €23,724
of which Contracts in progress: -€31,976
- Current portion of long-term debt -€38,979
down €38,979 (-100%), from €38,979 to €0
- Reserves -€7,608
down €7,608 (-25.6%), from €29,682 to €22,074
- Gross operating margin -€45,690
down €45,690 (-50.2%), from €90,967 to €45,277
- Staff costs -€34,616
down €34,616 (-63.4%), from €54,593 to €19,977
- Financial charges -€3,800
down €3,800 (-41.6%), from €9,141 to €5,341
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 | €198,855 | €149,218 | -€49,637 | -25.0% |
| Fixed assets | 21/28 | €73,455 | €45,420 | -€28,035 | -38.2% |
| Tangible fixed assets | 22/27 | €73,455 | €45,420 | -€28,035 | -38.2% |
| Plant, machinery and equipment | 23 | €73,455 | €45,420 | -€28,035 | -38.2% |
| Current assets | 29/58 | €125,400 | €103,798 | -€21,602 | -17.2% |
| Stocks and contracts in progress | 3 | €40,193 | €23,724 | -€16,470 | -41.0% |
| Stocks | 30/36 | €8,217 | €23,724 | +€15,507 | +189% |
| Contracts in progress | 37 | €31,976 | €0 | -€31,976 | -100% |
| Amounts receivable within one year | 40/41 | €59,754 | €76,981 | +€17,227 | +28.8% |
| Trade receivables | 40 | €33,661 | €47,530 | +€13,869 | +41.2% |
| Other amounts receivable | 41 | €26,093 | €29,451 | +€3,358 | +12.9% |
| Cash at bank and in hand | 54/58 | €25,102 | €3,093 | -€22,009 | -87.7% |
| Deferred charges and accrued income | 490/1 | €351 | €0 | -€351 | -100% |
| Total equity and liabilities | 10/49 | €198,855 | €149,218 | -€49,637 | -25.0% |
| Equity | 10/15 | €39,682 | €32,074 | -€7,608 | -19.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €29,682 | €22,074 | -€7,608 | -25.6% |
| Distributable reserves | 133 | €29,682 | €22,074 | -€7,608 | -25.6% |
| Amounts payable | 17/49 | €159,173 | €117,144 | -€42,029 | -26.4% |
| Amounts payable within one year | 42/48 | €159,173 | €117,144 | -€42,029 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €38,979 | €0 | -€38,979 | -100% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €41,406 | €40,423 | -€982 | -2.4% |
| Suppliers | 440/4 | €41,406 | €40,423 | -€982 | -2.4% |
| Taxes, remuneration and social security | 45 | €3,248 | €1,324 | -€1,924 | -59.2% |
| Taxes | 450/3 | €949 | €731 | -€218 | -23.0% |
| Remuneration and social security | 454/9 | €2,299 | €593 | -€1,706 | -74.2% |
| Other amounts payable | 47/48 | €540 | €396 | -€144 | -26.6% |
| Non-recurring operating income | 76A | - | €659 | +€659 | |
| Remuneration, social security and pensions | 62 | €54,593 | €19,977 | -€34,616 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,380 | €26,834 | +€453 | +1.7% |
| Other operating charges | 640/8 | €118 | €709 | +€591 | +501% |
| Non-recurring operating charges | 66A | - | €601 | +€601 | |
| Gross operating margin | 9900 | €90,967 | €45,277 | -€45,690 | -50.2% |
| Operating profit (loss) | 9901 | €9,876 | -€2,844 | -€12,720 | |
| Financial income | 75/76B | €759 | €577 | -€181 | -23.9% |
| Recurring financial income | 75 | €759 | €577 | -€181 | -23.9% |
| Financial charges | 65/66B | €9,141 | €5,341 | -€3,800 | -41.6% |
| Recurring financial charges | 65 | €9,141 | €5,341 | -€3,800 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €1,493 | -€7,608 | -€9,102 | |
| Income taxes | 67/77 | €721 | €0 | -€721 | -100% |
| Profit (loss) for the period | 9904 | €773 | -€7,608 | -€8,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €773 | -€7,608 | -€8,381 |
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 31 October 2026 via checked.be.