VEPYMO: 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.
What changed
VEPYMO
NACE 01.471, Crop and animal production, hunting and related service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€878,720
2024 · €956,390-€77,670
Equity
€8.1m
2024 · €9.3m-€1.1m
Cash
€918,799
2024 · €2.7m-€1.8m
Balance sheet total
€13.7m
2024 · €14.1m-€380,886
Largest movements
Assets
- Cash -€1.8m
down €1.8m (-65.8%), from €2.7m to €918,799
mainly Contributions, distributions and other (-€2.0m) and Investment in fixed assets (net) (-€746,143)
- Stocks and contracts +€649,785
up €649,785 (+19.7%), from €3.3m to €3.9m
- Tangible fixed assets +€502,567
up €502,567 (+17.5%), from €2.9m to €3.4m
of which Assets under construction and advance payments: +€504,535
- Receivables within one year +€235,378
up €235,378 (+4.5%), from €5.2m to €5.5m
of which Trade receivables: +€220,281
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+49.4%), from €2.5m to €3.8m
- Reserves -€1.1m
down €1.1m (-12.8%), from €8.8m to €7.6m
of which Distributable reserves: -€1.1m
- Accrued charges and deferred income -€590,131
down €590,131 (-36.0%), from €1.6m to €1.1m
- Tax, wage and social debts +€337,171
up €337,171 (+134.1%), from €251,522 to €588,694
of which Taxes: +€170,660
- Debts after one year -€158,333
down €158,333 (-84.8%), from €186,805 to €28,471
Income statement
- Turnover -€6.6m
down €6.6m (-16.6%), from €39.9m to €33.3m
- Goods and materials -€6.3m
down €6.3m (-18.0%), from €35.0m to €28.7m
of which Purchases: -€6.7m
- Other operating income -€495,176
down €495,176 (-63.7%), from €776,822 to €281,646
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.
Result 2024
€956,390
Turnover
-€6.6m
Other operating income
-€495,176
Goods and materials
+€6.3m
Services and other goods
+€311,530
Staff costs
-€158,713
Depreciation
-€12,347
Other operating charges
-€38,663
Other operating items
+€638,493
Financial income
-€31,978
Financial charges
+€39,201
Taxes
+€4,165
Result 2025
€878,720
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.
From operations
+€1.2m
Investment
-€746,143
Financing
-€2.3m
Cash 2024
€2.7m
From operations (derived)
+€1.2m
Net result for the year
+€878,720
Depreciation
+€243,576
Stocks and contracts
-€649,785
Receivables within one year
-€235,378
Deferred charges and accrued income
+€3,236
Trade debts
+€1.2m
Tax, wage and social debts
+€337,171
Accrued charges and deferred income
-€590,131
Investment (derived)
-€746,143
Investment in fixed assets (net)
-€746,143
Financing
-€2.3m
Debts after one year
-€158,333
Current portion of long-term debt
-€91,667
Contributions, distributions and other
-€2.0m
Cash 2025
€918,799
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,098,598 | €13,717,712 | -€380,886 | -2.7% |
| Fixed assets | 21/28 | €2,879,689 | €3,382,255 | +€502,567 | +17.5% |
| Tangible fixed assets | 22/27 | €2,869,579 | €3,372,145 | +€502,567 | +17.5% |
| Land and buildings | 22 | €2,194,478 | €2,205,359 | +€10,881 | +0.5% |
| Plant, machinery and equipment | 23 | €624,000 | €569,863 | -€54,137 | -8.7% |
| Furniture and vehicles | 24 | €51,101 | €92,389 | +€41,288 | +80.8% |
| Assets under construction and advance payments | 27 | - | €504,535 | +€504,535 | |
| Financial fixed assets | 28 | €10,110 | €10,110 | = | 0.0% |
| Affiliated companies | 280/1 | €4,410 | €4,410 | = | 0.0% |
| Participating interests | 280 | €4,410 | €4,410 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,700 | €5,700 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €11,218,909 | €10,335,457 | -€883,452 | -7.9% |
| Stocks and contracts in progress | 3 | €3,296,370 | €3,946,155 | +€649,785 | +19.7% |
| Stocks | 30/36 | €3,296,370 | €3,946,155 | +€649,785 | +19.7% |
| Raw materials and consumables | 30/31 | €693,651 | €716,149 | +€22,498 | +3.2% |
| Work in progress | 32 | €2,602,719 | €3,230,006 | +€627,287 | +24.1% |
| Amounts receivable within one year | 40/41 | €5,234,174 | €5,469,551 | +€235,378 | +4.5% |
| Trade receivables | 40 | €5,077,802 | €5,298,083 | +€220,281 | +4.3% |
| Other amounts receivable | 41 | €156,372 | €171,468 | +€15,096 | +9.7% |
| Cash at bank and in hand | 54/58 | €2,684,178 | €918,799 | -€1.8m | -65.8% |
| Deferred charges and accrued income | 490/1 | €4,187 | €952 | -€3,236 | -77.3% |
| Total equity and liabilities | 10/49 | €14,098,598 | €13,717,712 | -€380,886 | -2.7% |
| Equity | 10/15 | €9,253,361 | €8,132,081 | -€1.1m | -12.1% |
| Contributions | 10/11 | €499,000 | €499,000 | = | 0.0% |
| Capital | 10 | €499,000 | €499,000 | = | 0.0% |
| Issued capital | 100 | €499,000 | €499,000 | = | 0.0% |
| Reserves | 13 | €8,754,361 | €7,633,081 | -€1.1m | -12.8% |
| Non-distributable reserves | 130/1 | €49,900 | €49,900 | = | 0.0% |
| Legal reserve | 130 | €49,900 | €49,900 | = | 0.0% |
| Distributable reserves | 133 | €8,704,461 | €7,583,181 | -€1.1m | -12.9% |
| Amounts payable | 17/49 | €4,845,237 | €5,585,631 | +€740,394 | +15.3% |
| Amounts payable after more than one year | 17 | €186,805 | €28,471 | -€158,333 | -84.8% |
| Financial debts | 170/4 | €186,805 | €28,471 | -€158,333 | -84.8% |
| Credit institutions | 173 | €186,805 | €28,471 | -€158,333 | -84.8% |
| Amounts payable within one year | 42/48 | €3,017,811 | €4,506,670 | +€1.5m | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €158,333 | -€91,667 | -36.7% |
| Trade debts | 44 | €2,516,288 | €3,759,642 | +€1.2m | +49.4% |
| Suppliers | 440/4 | €2,516,288 | €3,759,642 | +€1.2m | +49.4% |
| Taxes, remuneration and social security | 45 | €251,522 | €588,694 | +€337,171 | +134.1% |
| Taxes | 450/3 | €53,263 | €223,923 | +€170,660 | +320.4% |
| Remuneration and social security | 454/9 | €198,259 | €364,771 | +€166,511 | +84.0% |
| Accrued charges and deferred income | 492/3 | €1,640,621 | €1,050,490 | -€590,131 | -36.0% |
| Operating income | 70/76A | €40,681,728 | €34,191,212 | -€6.5m | -16.0% |
| Turnover | 70 | €39,916,111 | €33,282,279 | -€6.6m | -16.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€11,206 | €627,287 | +€638,493 | |
| Other operating income | 74 | €776,822 | €281,646 | -€495,176 | -63.7% |
| Operating charges | 60/66A | €39,371,766 | €32,970,308 | -€6.4m | -16.3% |
| Goods for resale, raw materials and consumables | 60 | €34,958,298 | €28,658,647 | -€6.3m | -18.0% |
| Purchases | 600/8 | €35,374,248 | €28,681,145 | -€6.7m | -18.9% |
| Change in stocks: decrease (increase) | 609 | -€415,950 | -€22,498 | +€393,452 | +94.6% |
| Services and other goods | 61 | €2,339,089 | €2,027,560 | -€311,530 | -13.3% |
| Remuneration, social security and pensions | 62 | €1,807,715 | €1,966,429 | +€158,713 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,230 | €243,576 | +€12,347 | +5.3% |
| Other operating charges | 640/8 | €35,433 | €74,096 | +€38,663 | +109.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,309,962 | €1,220,904 | -€89,057 | -6.8% |
| Financial income | 75/76B | €65,993 | €34,015 | -€31,978 | -48.5% |
| Recurring financial income | 75 | €65,993 | €34,015 | -€31,978 | -48.5% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €65,993 | €34,015 | -€31,978 | -48.5% |
| Financial charges | 65/66B | €91,214 | €52,013 | -€39,201 | -43.0% |
| Recurring financial charges | 65 | €91,214 | €52,013 | -€39,201 | -43.0% |
| Debt charges | 650 | €73,204 | €39,036 | -€34,168 | -46.7% |
| Other financial charges | 652/9 | €18,009 | €12,977 | -€5,033 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €1,284,741 | €1,202,906 | -€81,834 | -6.4% |
| Income taxes | 67/77 | €328,351 | €324,186 | -€4,165 | -1.3% |
| Taxes | 670/3 | €328,351 | €324,186 | -€4,165 | -1.3% |
| Profit (loss) for the period | 9904 | €956,390 | €878,720 | -€77,670 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €956,390 | €878,720 | -€77,670 | -8.1% |
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 9 October 2026 via checked.be.