VEVAKO: 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.
VEVAKO
Largest movements
- Stocks and contracts +€53,297
up €53,297 (+50.3%), from €105,951 to €159,248
- Cash -€43,820
down €43,820 (-87.0%), from €50,362 to €6,542
mainly Trade debts (-€61,397) and Stocks and contracts (-€53,297)
- Deferred charges and accrued income -€34,277
down €34,277 (-94.8%), from €36,173 to €1,896
- Tangible fixed assets -€19,238
down €19,238 (-30.2%), from €63,686 to €44,448
- Trade debts -€61,397
down €61,397 (-85.3%), from €72,011 to €10,614
- Profit (loss) carried forward +€24,864
up €24,864 (+7.4%), from €335,462 to €360,326
- Tax, wage and social debts +€17,243
up €17,243 (+190.2%), from €9,065 to €26,308
- Other debts -€13,807
down €13,807 (-19.3%), from €71,618 to €57,811
- Gross operating margin +€22,195
up €22,195 (+45.0%), from €49,327 to €71,522
- Taxes +€10,543
up €10,543 (+124.5%), from €8,470 to €19,013
- Financial charges -€3,406
down €3,406 (-31.3%), from €10,877 to €7,471
- Other operating charges -€729
down €729 (-53.4%), from €1,365 to €636
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 | €1,160,405 | €1,127,308 | -€33,097 | -2.9% |
| Fixed assets | 21/28 | €83,686 | €64,448 | -€19,238 | -23.0% |
| Tangible fixed assets | 22/27 | €63,686 | €44,448 | -€19,238 | -30.2% |
| Furniture and vehicles | 24 | €63,686 | €44,448 | -€19,238 | -30.2% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €1,076,719 | €1,062,860 | -€13,859 | -1.3% |
| Stocks and contracts in progress | 3 | €105,951 | €159,248 | +€53,297 | +50.3% |
| Stocks | 30/36 | €105,951 | €159,248 | +€53,297 | +50.3% |
| Amounts receivable within one year | 40/41 | €884,233 | €895,174 | +€10,941 | +1.2% |
| Trade receivables | 40 | €800,813 | €826,535 | +€25,722 | +3.2% |
| Other amounts receivable | 41 | €83,420 | €68,639 | -€14,781 | -17.7% |
| Cash at bank and in hand | 54/58 | €50,362 | €6,542 | -€43,820 | -87.0% |
| Deferred charges and accrued income | 490/1 | €36,173 | €1,896 | -€34,277 | -94.8% |
| Total equity and liabilities | 10/49 | €1,160,405 | €1,127,308 | -€33,097 | -2.9% |
| Equity | 10/15 | €882,711 | €907,575 | +€24,864 | +2.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | €37,184 | = | 0.0% |
| Issued capital | 100 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €510,065 | €510,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €506,347 | €506,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,462 | €360,326 | +€24,864 | +7.4% |
| Amounts payable | 17/49 | €277,694 | €219,733 | -€57,961 | -20.9% |
| Amounts payable within one year | 42/48 | €277,694 | €219,733 | -€57,961 | -20.9% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €72,011 | €10,614 | -€61,397 | -85.3% |
| Suppliers | 440/4 | €72,011 | €10,614 | -€61,397 | -85.3% |
| Taxes, remuneration and social security | 45 | €9,065 | €26,308 | +€17,243 | +190.2% |
| Taxes | 450/3 | €9,065 | €26,308 | +€17,243 | +190.2% |
| Other amounts payable | 47/48 | €71,618 | €57,811 | -€13,807 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,238 | €19,538 | +€300 | +1.6% |
| Other operating charges | 640/8 | €1,365 | €636 | -€729 | -53.4% |
| Gross operating margin | 9900 | €49,327 | €71,522 | +€22,195 | +45.0% |
| Operating profit (loss) | 9901 | €28,724 | €51,348 | +€22,624 | +78.8% |
| Financial charges | 65/66B | €10,877 | €7,471 | -€3,406 | -31.3% |
| Recurring financial charges | 65 | €10,877 | €7,471 | -€3,406 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €17,847 | €43,877 | +€26,030 | +145.9% |
| Income taxes | 67/77 | €8,470 | €19,013 | +€10,543 | +124.5% |
| Profit (loss) for the period | 9904 | €9,377 | €24,864 | +€15,487 | +165.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,377 | €24,864 | +€15,487 | +165.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.