Vescon: 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.
Vescon
Largest movements
- Cash +€182,259
up €182,259 (+297%), from €61,297 to €243,555
mainly Net result for the year (+€78,238) and Receivables within one year (+€49,732)
- Receivables within one year -€49,732
down €49,732 (-77.1%), from €64,470 to €14,738
of which Other amounts receivable: -€50,523
- Receivables after one year -€6,909
no longer reported in 2025 (was €6,909)
- Tangible fixed assets -€5,272
down €5,272 (-22.5%), from €23,403 to €18,131
of which Furniture and vehicles: -€4,735
- Reserves +€41,957
up €41,957 (+11.2%), from €373,637 to €415,594
- Tax, wage and social debts +€38,877
new in 2025: €38,877
- Profit (loss) carried forward +€36,281
no longer reported in 2025 (was -€36,281)
- Gross operating margin +€126,236
up €126,236, from -€38,731 to €87,505
- Taxes +€11,577
up €11,577 (+9,045%), from €128 to €11,705
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 | €358,949 | €477,582 | +€118,633 | +33.0% |
| Fixed assets | 21/28 | €23,403 | €18,131 | -€5,272 | -22.5% |
| Tangible fixed assets | 22/27 | €23,403 | €18,131 | -€5,272 | -22.5% |
| Plant, machinery and equipment | 23 | €1,015 | €712 | -€303 | -29.8% |
| Furniture and vehicles | 24 | €21,195 | €16,461 | -€4,735 | -22.3% |
| Other tangible fixed assets | 26 | €1,192 | €958 | -€234 | -19.6% |
| Current assets | 29/58 | €335,547 | €459,451 | +€123,904 | +36.9% |
| Amounts receivable after more than one year | 29 | €6,909 | - | -€6,909 | |
| Other amounts receivable | 291 | €6,909 | - | -€6,909 | |
| Amounts receivable within one year | 40/41 | €64,470 | €14,738 | -€49,732 | -77.1% |
| Trade receivables | 40 | - | €791 | +€791 | |
| Other amounts receivable | 41 | €64,470 | €13,947 | -€50,523 | -78.4% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,297 | €243,555 | +€182,259 | +297% |
| Deferred charges and accrued income | 490/1 | €2,870 | €1,158 | -€1,713 | -59.7% |
| Total equity and liabilities | 10/49 | €358,949 | €477,582 | +€118,633 | +33.0% |
| Equity | 10/15 | €355,956 | €434,194 | +€78,238 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €373,637 | €415,594 | +€41,957 | +11.2% |
| Distributable reserves | 133 | €373,637 | €415,594 | +€41,957 | +11.2% |
| Profit (loss) carried forward | 14 | -€36,281 | - | +€36,281 | |
| Amounts payable | 17/49 | €2,993 | €43,388 | +€40,395 | +1,349% |
| Amounts payable within one year | 42/48 | €2,993 | €43,388 | +€40,395 | +1,349% |
| Trade debts | 44 | €2,993 | €1,506 | -€1,487 | -49.7% |
| Suppliers | 440/4 | €2,993 | €1,506 | -€1,487 | -49.7% |
| Taxes, remuneration and social security | 45 | - | €38,877 | +€38,877 | |
| Taxes | 450/3 | - | €38,877 | +€38,877 | |
| Other amounts payable | 47/48 | €1 | €3,006 | +€3,005 | +469,531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,176 | €7,089 | -€87 | -1.2% |
| Other operating charges | 640/8 | €469 | €568 | +€99 | +21.2% |
| Gross operating margin | 9900 | -€38,731 | €87,505 | +€126,236 | |
| Operating profit (loss) | 9901 | -€46,376 | €79,848 | +€126,224 | |
| Financial income | 75/76B | €10,394 | €10,286 | -€109 | -1.0% |
| Recurring financial income | 75 | €10,394 | €10,286 | -€109 | -1.0% |
| Financial charges | 65/66B | €172 | €190 | +€18 | +10.6% |
| Recurring financial charges | 65 | €172 | €190 | +€18 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,153 | €89,943 | +€126,097 | |
| Income taxes | 67/77 | €128 | €11,705 | +€11,577 | +9,045% |
| Profit (loss) for the period | 9904 | -€36,281 | €78,238 | +€114,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,281 | €78,238 | +€114,519 |
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 24 October 2026 via checked.be.