Vevafin: 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
Vevafin
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,207
2024 · €5,038+€7,169
Equity
€53,733
2024 · €41,526+€12,207
Cash
€20,990
2024 · €25,266-€4,275
Balance sheet total
€89,365
2024 · €97,490-€8,125
Largest movements
Assets
- Tangible fixed assets -€10,968
down €10,968 (-21.5%), from €51,021 to €40,052
of which Furniture and vehicles: -€11,746
- Current investments +€5,500
up €5,500 (+55.0%), from €10,000 to €15,500
- Cash -€4,275
down €4,275 (-16.9%), from €25,266 to €20,990
mainly Debts after one year (-€9,112) and Current investments (-€5,500)
- Receivables within one year +€1,077
up €1,077 (+10.9%), from €9,922 to €10,999
of which Trade receivables: +€1,077
Equity and liabilities
- Profit (loss) carried forward +€12,207
up €12,207 (+34.4%), from €35,526 to €47,733
- Debts after one year -€9,112
down €9,112 (-45.1%), from €20,213 to €11,101
of which Financial debts: -€9,112
- Tax, wage and social debts -€5,248
down €5,248 (-27.8%), from €18,907 to €13,659
of which Taxes: -€5,248
- Other debts -€5,225
down €5,225 (-100%), from €5,225 to €0
Income statement
- Gross operating margin +€10,008
up €10,008 (+46.8%), from €21,397 to €31,405
- Depreciation +€1,359
up €1,359 (+11.6%), from €11,724 to €13,084
- Taxes +€1,243
up €1,243 (+37.3%), from €3,334 to €4,577
- Other operating charges +€545
up €545, from €0 to €545
- Financial charges -€525
down €525 (-30.2%), from €1,737 to €1,212
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
€5,038
Gross operating margin
+€10,008
Depreciation
-€1,359
Other operating charges
-€545
Financial income
-€218
Financial charges
+€525
Taxes
-€1,243
Result 2025
€12,207
raises the resultlowers the result
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.
From operations
+€12,095
Investment
-€7,615
Financing
-€8,755
Cash 2024
€25,266
From operations (derived)
+€12,095
Net result for the year
+€12,207
Depreciation
+€13,084
Receivables within one year
-€1,077
Deferred charges and accrued income
-€542
Trade debts
-€538
Tax, wage and social debts
-€5,248
Other debts
-€5,225
Accrued charges and deferred income
-€566
Investment (derived)
-€7,615
Investment in fixed assets (net)
-€2,115
Current investments
-€5,500
Financing
-€8,755
Debts after one year
-€9,112
Current portion of long-term debt
+€357
Cash 2025
€20,990
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,490 | €89,365 | -€8,125 | -8.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €51,021 | €40,052 | -€10,968 | -21.5% |
| Tangible fixed assets | 22/27 | €51,021 | €40,052 | -€10,968 | -21.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €3,007 | €3,784 | +€778 | +25.9% |
| Furniture and vehicles | 24 | €48,014 | €36,268 | -€11,746 | -24.5% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Current assets | 29/58 | €46,469 | €49,313 | +€2,843 | +6.1% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,922 | €10,999 | +€1,077 | +10.9% |
| Trade receivables | 40 | €9,922 | €10,999 | +€1,077 | +10.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €10,000 | €15,500 | +€5,500 | +55.0% |
| Cash at bank and in hand | 54/58 | €25,266 | €20,990 | -€4,275 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,824 | +€542 | +42.3% |
| Total equity and liabilities | 10/49 | €97,490 | €89,365 | -€8,125 | -8.3% |
| Equity | 10/15 | €41,526 | €53,733 | +€12,207 | +29.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €0 | €0 | = | |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €35,526 | €47,733 | +€12,207 | +34.4% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €55,964 | €35,632 | -€20,332 | -36.3% |
| Amounts payable after more than one year | 17 | €20,213 | €11,101 | -€9,112 | -45.1% |
| Financial debts | 170/4 | €20,213 | €11,101 | -€9,112 | -45.1% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €35,185 | €24,531 | -€10,654 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €8,755 | €9,112 | +€357 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,299 | €1,761 | -€538 | -23.4% |
| Suppliers | 440/4 | €2,299 | €1,761 | -€538 | -23.4% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,907 | €13,659 | -€5,248 | -27.8% |
| Taxes | 450/3 | €18,907 | €13,659 | -€5,248 | -27.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €5,225 | €0 | -€5,225 | -100% |
| Accrued charges and deferred income | 492/3 | €566 | €0 | -€566 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,724 | €13,084 | +€1,359 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €545 | +€545 | |
| Gross operating margin | 9900 | €21,397 | €31,405 | +€10,008 | +46.8% |
| Operating profit (loss) | 9901 | €9,672 | €17,777 | +€8,104 | +83.8% |
| Financial income | 75/76B | €437 | €219 | -€218 | -49.8% |
| Recurring financial income | 75 | €437 | €219 | -€218 | -49.8% |
| Financial charges | 65/66B | €1,737 | €1,212 | -€525 | -30.2% |
| Recurring financial charges | 65 | €1,737 | €1,212 | -€525 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €8,372 | €16,784 | +€8,412 | +100% |
| Income taxes | 67/77 | €3,334 | €4,577 | +€1,243 | +37.3% |
| Profit (loss) for the period | 9904 | €5,038 | €12,207 | +€7,169 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €5,038 | €12,207 | +€7,169 | +142% |
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 25 October 2026 via checked.be.