VEPRO: 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.
VEPRO
Largest movements
- Receivables within one year +€29,850
up €29,850 (+20.7%), from €144,290 to €174,140
of which Other amounts receivable: +€109,100
- Reserves +€46,151
up €46,151 (+55.8%), from €82,652 to €128,803
- Tax, wage and social debts -€21,699
down €21,699 (-44.3%), from €48,949 to €27,250
of which Taxes: -€24,411
- Trade debts +€4,352
up €4,352 (+18.6%), from €23,371 to €27,723
- Staff costs -€24,879
down €24,879 (-41.6%), from €59,759 to €34,880
- Taxes +€10,026
up €10,026 (+116.4%), from €8,611 to €18,637
- Financial income +€6,111
up €6,111 (+26966.8%), from €23 to €6,133
- Gross operating margin +€2,695
up €2,695 (+2.9%), from €91,907 to €94,601
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 | €156,971 | €185,807 | +€28,836 | +18.4% |
| Current assets | 29/58 | €156,971 | €185,807 | +€28,836 | +18.4% |
| Amounts receivable within one year | 40/41 | €144,290 | €174,140 | +€29,850 | +20.7% |
| Trade receivables | 40 | €79,250 | €0 | -€79,250 | -100.0% |
| Other amounts receivable | 41 | €65,040 | €174,140 | +€109,100 | +167.7% |
| Cash at bank and in hand | 54/58 | €12,681 | €11,667 | -€1,014 | -8.0% |
| Total equity and liabilities | 10/49 | €156,971 | €185,807 | +€28,836 | +18.4% |
| Equity | 10/15 | €84,652 | €130,803 | +€46,151 | +54.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €82,652 | €128,803 | +€46,151 | +55.8% |
| Distributable reserves | 133 | €82,652 | €128,803 | +€46,151 | +55.8% |
| Amounts payable | 17/49 | €72,320 | €55,004 | -€17,316 | -23.9% |
| Amounts payable within one year | 42/48 | €72,320 | €55,004 | -€17,316 | -23.9% |
| Financial debts | 43 | - | €31 | +€31 | |
| Credit institutions | 430/8 | - | €31 | +€31 | |
| Trade debts | 44 | €23,371 | €27,723 | +€4,352 | +18.6% |
| Suppliers | 440/4 | €23,371 | €27,723 | +€4,352 | +18.6% |
| Taxes, remuneration and social security | 45 | €48,949 | €27,250 | -€21,699 | -44.3% |
| Taxes | 450/3 | €48,949 | €24,538 | -€24,411 | -49.9% |
| Remuneration and social security | 454/9 | - | €2,712 | +€2,712 | |
| Remuneration, social security and pensions | 62 | €59,759 | €34,880 | -€24,879 | -41.6% |
| Other operating charges | 640/8 | €731 | €308 | -€423 | -57.9% |
| Gross operating margin | 9900 | €91,907 | €94,601 | +€2,695 | +2.9% |
| Operating profit (loss) | 9901 | €31,416 | €59,413 | +€27,997 | +89.1% |
| Financial income | 75/76B | €23 | €6,133 | +€6,111 | +26966.8% |
| Recurring financial income | 75 | €23 | €6,133 | +€6,111 | +26966.8% |
| Financial charges | 65/66B | €673 | €758 | +€85 | +12.6% |
| Recurring financial charges | 65 | €673 | €758 | +€85 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €30,766 | €64,789 | +€34,023 | +110.6% |
| Income taxes | 67/77 | €8,611 | €18,637 | +€10,026 | +116.4% |
| Profit (loss) for the period | 9904 | €22,154 | €46,151 | +€23,997 | +108.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,154 | €46,151 | +€23,997 | +108.3% |
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 6 October 2026 via checked.be.