VEPROM: what changed
What changed
VEPROM
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€61,302
2024 · €38,870+€22,432
Equity
€96,000
2024 · €121,260-€25,260
Cash
€132,717
2024 · €106,960+€25,757
Balance sheet total
€250,108
2024 · €536,901-€286,793
Largest movements
Assets
- Receivables within one year -€314,572
down €314,572 (-80.1%), from €392,830 to €78,258
of which Other amounts receivable: -€301,242
- Cash +€25,757
up €25,757 (+24.1%), from €106,960 to €132,717
mainly Receivables within one year (+€314,572) and Net result for the year (+€61,302)
- Financial fixed assets +€7,185
up €7,185 (+7,185%), from €100 to €7,285
Equity and liabilities
- Other debts -€262,081
down €262,081 (-69.6%), from €376,561 to €114,480
- Reserves -€25,260
down €25,260 (-100%), from €25,260 to €0
Income statement
- Financial charges -€29,460
down €29,460 (-85.8%), from €34,331 to €4,871
of which Non-recurring financial charges: -€24,218
- Other operating charges -€8,401
down €8,401 (-81.5%), from €10,314 to €1,913
- Staff costs +€7,869
up €7,869 (+9.7%), from €80,989 to €88,859
- Financial income -€5,083
down €5,083 (-80.3%), from €6,333 to €1,250
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.
Result 2024
€38,870
Gross operating margin
-€859
Staff costs
-€7,869
Depreciation
-€462
Other operating charges
+€8,401
Financial income
-€5,083
Financial charges
+€29,460
Taxes
-€1,156
Result 2025
€61,302
raises the resultlowers the result
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.
From operations
+€122,284
Investment
-€9,965
Financing
-€86,562
Cash 2024
€106,960
From operations (derived)
+€122,284
Net result for the year
+€61,302
Depreciation
+€7,540
Receivables within one year
+€314,572
Smaller working-capital items
+€364
Trade debts
-€3,482
Tax, wage and social debts
+€4,070
Other debts
-€262,081
Investment (derived)
-€9,965
Investment in fixed assets (net)
-€9,965
Financing
-€86,562
Contributions, distributions and other
-€86,562
Cash 2025
€132,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,901 | €250,108 | -€286,793 | -53.4% |
| Fixed assets | 21/28 | €8,138 | €10,564 | +€2,425 | +29.8% |
| Tangible fixed assets | 22/27 | €8,038 | €3,278 | -€4,760 | -59.2% |
| Furniture and vehicles | 24 | €8,038 | €3,278 | -€4,760 | -59.2% |
| Financial fixed assets | 28 | €100 | €7,285 | +€7,185 | +7,185% |
| Current assets | 29/58 | €528,763 | €239,544 | -€289,218 | -54.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,596 | €2,596 | = | 0.0% |
| Stocks | 30/36 | €2,596 | €2,596 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €392,830 | €78,258 | -€314,572 | -80.1% |
| Trade receivables | 40 | €36,436 | €23,107 | -€13,329 | -36.6% |
| Other amounts receivable | 41 | €356,393 | €55,151 | -€301,242 | -84.5% |
| Cash at bank and in hand | 54/58 | €106,960 | €132,717 | +€25,757 | +24.1% |
| Deferred charges and accrued income | 490/1 | €1,376 | €973 | -€403 | -29.3% |
| Total equity and liabilities | 10/49 | €536,901 | €250,108 | -€286,793 | -53.4% |
| Equity | 10/15 | €121,260 | €96,000 | -€25,260 | -20.8% |
| Contributions | 10/11 | €96,000 | €96,000 | = | 0.0% |
| Reserves | 13 | €25,260 | €0 | -€25,260 | -100% |
| Tax-exempt reserves | 132 | €25,260 | €0 | -€25,260 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €415,641 | €154,108 | -€261,533 | -62.9% |
| Amounts payable within one year | 42/48 | €414,974 | €153,481 | -€261,493 | -63.0% |
| Trade debts | 44 | €6,849 | €3,368 | -€3,482 | -50.8% |
| Suppliers | 440/4 | €6,849 | €3,368 | -€3,482 | -50.8% |
| Taxes, remuneration and social security | 45 | €31,564 | €35,633 | +€4,070 | +12.9% |
| Taxes | 450/3 | €18,228 | €21,487 | +€3,259 | +17.9% |
| Remuneration and social security | 454/9 | €13,336 | €14,146 | +€810 | +6.1% |
| Other amounts payable | 47/48 | €376,561 | €114,480 | -€262,081 | -69.6% |
| Accrued charges and deferred income | 492/3 | €667 | €627 | -€40 | -6.0% |
| Remuneration, social security and pensions | 62 | €80,989 | €88,859 | +€7,869 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,078 | €7,540 | +€462 | +6.5% |
| Other operating charges | 640/8 | €10,314 | €1,913 | -€8,401 | -81.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €181,849 | €180,990 | -€859 | -0.5% |
| Operating profit (loss) | 9901 | €83,468 | €82,679 | -€789 | -0.9% |
| Financial income | 75/76B | €6,333 | €1,250 | -€5,083 | -80.3% |
| Recurring financial income | 75 | €6,333 | €1,250 | -€5,083 | -80.3% |
| Financial charges | 65/66B | €34,331 | €4,871 | -€29,460 | -85.8% |
| Recurring financial charges | 65 | €10,113 | €4,871 | -€5,242 | -51.8% |
| Non-recurring financial charges | 66B | €24,218 | - | -€24,218 | |
| Profit (loss) for the period before taxes | 9903 | €55,470 | €79,057 | +€23,588 | +42.5% |
| Income taxes | 67/77 | €16,600 | €17,756 | +€1,156 | +7.0% |
| Profit (loss) for the period | 9904 | €38,870 | €61,302 | +€22,432 | +57.7% |
| Transfer from tax-exempt reserves | 789 | - | €25,260 | +€25,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,870 | €86,562 | +€47,692 | +123% |
Next steps
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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 7 November 2026 via checked.be.