VESPER EUROPE: what changed
VESPER EUROPE
Largest movements
- Receivables within one year -€4,991
down €4,991 (-19.0%), from €26,205 to €21,214
of which Other amounts receivable: -€24,991
- Cash -€4,597
down €4,597 (-94.2%), from €4,880 to €282
mainly Trade debts (-€20,256) and Deferred charges and accrued income (-€640)
- Deferred charges and accrued income +€640
new in 2025: €640
- Financial fixed assets +€502
up €502 (+364%), from €138 to €640
- Trade debts -€20,256
down €20,256 (-87.6%), from €23,129 to €2,873
- Other debts +€12,100
new in 2025: €12,100
- Tax, wage and social debts -€527
down €527 (-100%), from €527 to €0
- Gross operating margin -€1,620
down €1,620 (-72.0%), from €2,249 to €629
- Taxes -€392
down €392 (-83.9%), from €467 to €75
- Other operating charges -€85
down €85 (-100%), from €85 to €0
- Financial charges -€25
down €25 (-7.3%), from €341 to €316
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,223 | €22,777 | -€8,446 | -27.1% |
| Fixed assets | 21/28 | €138 | €640 | +€502 | +364% |
| Financial fixed assets | 28 | €138 | €640 | +€502 | +364% |
| Current assets | 29/58 | €31,085 | €22,137 | -€8,948 | -28.8% |
| Amounts receivable within one year | 40/41 | €26,205 | €21,214 | -€4,991 | -19.0% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €26,205 | €1,214 | -€24,991 | -95.4% |
| Cash at bank and in hand | 54/58 | €4,880 | €282 | -€4,597 | -94.2% |
| Deferred charges and accrued income | 490/1 | - | €640 | +€640 | |
| Total equity and liabilities | 10/49 | €31,223 | €22,777 | -€8,446 | -27.1% |
| Equity | 10/15 | €7,566 | €7,804 | +€238 | +3.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,566 | €6,804 | +€238 | +3.6% |
| Distributable reserves | 133 | €6,566 | €6,804 | +€238 | +3.6% |
| Amounts payable | 17/49 | €23,656 | €14,973 | -€8,684 | -36.7% |
| Amounts payable within one year | 42/48 | €23,656 | €14,973 | -€8,684 | -36.7% |
| Trade debts | 44 | €23,129 | €2,873 | -€20,256 | -87.6% |
| Suppliers | 440/4 | €23,129 | €2,873 | -€20,256 | -87.6% |
| Taxes, remuneration and social security | 45 | €527 | €0 | -€527 | -100% |
| Taxes | 450/3 | €527 | €0 | -€527 | -100% |
| Other amounts payable | 47/48 | - | €12,100 | +€12,100 | |
| Other operating charges | 640/8 | €85 | €0 | -€85 | -100% |
| Gross operating margin | 9900 | €2,249 | €629 | -€1,620 | -72.0% |
| Operating profit (loss) | 9901 | €2,164 | €629 | -€1,535 | -70.9% |
| Financial charges | 65/66B | €341 | €316 | -€25 | -7.3% |
| Recurring financial charges | 65 | €341 | €316 | -€25 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,823 | €313 | -€1,510 | -82.8% |
| Income taxes | 67/77 | €467 | €75 | -€392 | -83.9% |
| Profit (loss) for the period | 9904 | €1,356 | €238 | -€1,119 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,356 | €238 | -€1,119 | -82.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.