VEVAK: what changed
Two fiscal 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.
VEVAK
Largest movements
- Tangible fixed assets -€12,224
down €12,224 (-100.0%), from €12,224 to €0
- Cash +€8,952
up €8,952 (+100.6%), from €8,896 to €17,848
mainly Depreciation (+€12,224) and Net result for the year (+€7,686)
- Deferred charges and accrued income -€1,746
down €1,746 (-55.3%), from €3,158 to €1,411
- Receivables within one year +€1,169
up €1,169 (+11.6%), from €10,091 to €11,260
of which Trade receivables: +€765
- Current portion of long-term debt -€10,763
down €10,763 (-100.0%), from €10,763 to €0
- Profit (loss) carried forward +€7,686
up €7,686, from -€4,950 to €2,736
- Accrued charges and deferred income -€2,633
no longer reported in 2025 (was €2,633)
- Trade debts +€1,448
up €1,448 (+93.5%), from €1,548 to €2,996
- Tax, wage and social debts +€413
up €413 (+9.4%), from €4,374 to €4,787
of which Remuneration and social security: +€2,000
- Gross operating margin +€5,921
up €5,921 (+29.0%), from €20,401 to €26,321
- Depreciation -€3,827
down €3,827 (-23.8%), from €16,051 to €12,224
- Taxes +€2,106
up €2,106 (+88.7%), from €2,374 to €4,480
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,368 | €30,519 | -€3,849 | -11.2% |
| Fixed assets | 21/28 | €12,224 | €0 | -€12,224 | -100.0% |
| Tangible fixed assets | 22/27 | €12,224 | €0 | -€12,224 | -100.0% |
| Furniture and vehicles | 24 | €12,224 | €0 | -€12,224 | -100.0% |
| Current assets | 29/58 | €22,144 | €30,519 | +€8,375 | +37.8% |
| Amounts receivable within one year | 40/41 | €10,091 | €11,260 | +€1,169 | +11.6% |
| Trade receivables | 40 | €8,050 | €8,815 | +€765 | +9.5% |
| Other amounts receivable | 41 | €2,041 | €2,445 | +€404 | +19.8% |
| Cash at bank and in hand | 54/58 | €8,896 | €17,848 | +€8,952 | +100.6% |
| Deferred charges and accrued income | 490/1 | €3,158 | €1,411 | -€1,746 | -55.3% |
| Total equity and liabilities | 10/49 | €34,368 | €30,519 | -€3,849 | -11.2% |
| Equity | 10/15 | €15,050 | €22,736 | +€7,686 | +51.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,950 | €2,736 | +€7,686 | |
| Amounts payable | 17/49 | €19,318 | €7,783 | -€11,535 | -59.7% |
| Amounts payable within one year | 42/48 | €16,685 | €7,783 | -€8,902 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €10,763 | €0 | -€10,763 | -100.0% |
| Trade debts | 44 | €1,548 | €2,996 | +€1,448 | +93.5% |
| Suppliers | 440/4 | €1,548 | €2,996 | +€1,448 | +93.5% |
| Taxes, remuneration and social security | 45 | €4,374 | €4,787 | +€413 | +9.4% |
| Taxes | 450/3 | €4,374 | €2,787 | -€1,587 | -36.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | €2,633 | - | -€2,633 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,051 | €12,224 | -€3,827 | -23.8% |
| Other operating charges | 640/8 | €1,870 | €1,921 | +€50 | +2.7% |
| Gross operating margin | 9900 | €20,401 | €26,321 | +€5,921 | +29.0% |
| Operating profit (loss) | 9901 | €2,479 | €12,176 | +€9,697 | +391.1% |
| Financial income | 75/76B | €151 | €188 | +€37 | +24.4% |
| Recurring financial income | 75 | €151 | €188 | +€37 | +24.4% |
| Financial charges | 65/66B | €341 | €199 | -€142 | -41.7% |
| Recurring financial charges | 65 | €341 | €199 | -€142 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €2,290 | €12,166 | +€9,876 | +431.3% |
| Income taxes | 67/77 | €2,374 | €4,480 | +€2,106 | +88.7% |
| Profit (loss) for the period | 9904 | -€85 | €7,686 | +€7,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85 | €7,686 | +€7,771 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.