Vesolco: 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.
Vesolco
Largest movements
- Receivables within one year -€30,705
down €30,705 (-27.5%), from €111,633 to €80,928
of which Other amounts receivable: -€26,176
- Tangible fixed assets -€11,243
down €11,243 (-5.6%), from €200,899 to €189,656
of which Plant, machinery and equipment: -€7,110
- Deferred charges and accrued income +€6,889
new in 2024: €6,889
- Short-term financial debts -€21,877
down €21,877 (-19.5%), from €112,005 to €90,128
- Debts after one year -€20,209
down €20,209 (-23.1%), from €87,533 to €67,324
- Profit (loss) carried forward +€6,174
up €6,174 (+4.0%), from -€153,563 to -€147,389
- Tax, wage and social debts +€4,287
up €4,287 (+40.5%), from €10,575 to €14,863
- Gross operating margin +€8,885
up €8,885 (+22.1%), from €40,118 to €49,003
- Financial charges +€6,179
up €6,179 (+39.9%), from €15,498 to €21,677
- Depreciation -€4,003
down €4,003 (-26.3%), from €15,246 to €11,243
- Taxes +€2,183
up €2,183 (+78.8%), from €2,769 to €4,952
- Other operating charges -€673
down €673 (-8.4%), from €8,052 to €7,379
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,748 | €286,689 | -€35,059 | -10.9% |
| Fixed assets | 21/28 | €200,899 | €189,656 | -€11,243 | -5.6% |
| Tangible fixed assets | 22/27 | €200,899 | €189,656 | -€11,243 | -5.6% |
| Land and buildings | 22 | €171,566 | €168,566 | -€3,000 | -1.7% |
| Plant, machinery and equipment | 23 | €27,591 | €20,481 | -€7,110 | -25.8% |
| Furniture and vehicles | 24 | €1,743 | €610 | -€1,133 | -65.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Current assets | 29/58 | €120,849 | €97,032 | -€23,816 | -19.7% |
| Stocks and contracts in progress | 3 | €9,215 | €9,215 | = | 0.0% |
| Stocks | 30/36 | €9,215 | €9,215 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,633 | €80,928 | -€30,705 | -27.5% |
| Trade receivables | 40 | €60,452 | €55,923 | -€4,529 | -7.5% |
| Other amounts receivable | 41 | €51,181 | €25,005 | -€26,176 | -51.1% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | - | €6,889 | +€6,889 | |
| Total equity and liabilities | 10/49 | €321,748 | €286,689 | -€35,059 | -10.9% |
| Equity | 10/15 | €73,845 | €80,019 | +€6,174 | +8.4% |
| Contributions | 10/11 | €69,600 | €69,600 | = | 0.0% |
| Revaluation surpluses | 12 | €156,808 | €156,808 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,563 | -€147,389 | +€6,174 | +4.0% |
| Amounts payable | 17/49 | €247,903 | €206,670 | -€41,234 | -16.6% |
| Amounts payable after more than one year | 17 | €87,533 | €67,324 | -€20,209 | -23.1% |
| Financial debts | 170/4 | €87,533 | €67,324 | -€20,209 | -23.1% |
| Amounts payable within one year | 42/48 | €160,370 | €139,346 | -€21,024 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €20,722 | €20,209 | -€512 | -2.5% |
| Financial debts | 43 | €112,005 | €90,128 | -€21,877 | -19.5% |
| Credit institutions | 430/8 | €112,005 | €90,128 | -€21,877 | -19.5% |
| Trade debts | 44 | €17,068 | €14,146 | -€2,923 | -17.1% |
| Suppliers | 440/4 | €17,068 | €14,146 | -€2,923 | -17.1% |
| Taxes, remuneration and social security | 45 | €10,575 | €14,863 | +€4,287 | +40.5% |
| Taxes | 450/3 | €10,575 | €14,863 | +€4,287 | +40.5% |
| Remuneration, social security and pensions | 62 | - | €185 | +€185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,246 | €11,243 | -€4,003 | -26.3% |
| Other operating charges | 640/8 | €8,052 | €7,379 | -€673 | -8.4% |
| Gross operating margin | 9900 | €40,118 | €49,003 | +€8,885 | +22.1% |
| Operating profit (loss) | 9901 | €16,820 | €30,195 | +€13,375 | +79.5% |
| Financial income | 75/76B | €2,536 | €2,608 | +€72 | +2.9% |
| Recurring financial income | 75 | €2,536 | €2,608 | +€72 | +2.9% |
| Financial charges | 65/66B | €15,498 | €21,677 | +€6,179 | +39.9% |
| Recurring financial charges | 65 | €15,498 | €21,677 | +€6,179 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €3,857 | €11,126 | +€7,269 | +188.5% |
| Income taxes | 67/77 | €2,769 | €4,952 | +€2,183 | +78.8% |
| Profit (loss) for the period | 9904 | €1,088 | €6,174 | +€5,086 | +467.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,088 | €6,174 | +€5,086 | +467.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.