VEVAMO: 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.
VEVAMO
Largest movements
- Cash +€32,076
up €32,076 (+129.2%), from €24,826 to €56,902
mainly Net result for the year (+€40,166) and Depreciation (+€6,276)
- Tangible fixed assets +€1,415
up €1,415 (+6.8%), from €20,923 to €22,338
of which Furniture and vehicles: +€4,236
- Reserves +€40,166
up €40,166 (+63.3%), from €63,428 to €103,594
of which Distributable reserves: +€40,166
- Trade debts -€8,727
down €8,727 (-63.2%), from €13,811 to €5,085
- Tax, wage and social debts +€1,537
up €1,537 (+19.0%), from €8,106 to €9,644
- Short-term financial debts +€1,427
up €1,427 (+7308.3%), from €20 to €1,446
- Gross operating margin +€20,721
up €20,721 (+43.2%), from €48,008 to €68,729
- Taxes +€10,064
up €10,064 (+92.2%), from €10,919 to €20,984
- Depreciation -€9,733
down €9,733 (-60.8%), from €16,010 to €6,276
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 | €87,365 | €121,769 | +€34,404 | +39.4% |
| Fixed assets | 21/28 | €20,923 | €22,338 | +€1,415 | +6.8% |
| Tangible fixed assets | 22/27 | €20,923 | €22,338 | +€1,415 | +6.8% |
| Land and buildings | 22 | €10,338 | €9,386 | -€952 | -9.2% |
| Plant, machinery and equipment | 23 | €5,293 | €3,424 | -€1,869 | -35.3% |
| Furniture and vehicles | 24 | €5,292 | €9,528 | +€4,236 | +80.1% |
| Current assets | 29/58 | €66,442 | €99,431 | +€32,989 | +49.7% |
| Stocks and contracts in progress | 3 | €1,084 | €1,314 | +€231 | +21.3% |
| Stocks | 30/36 | €1,084 | €1,314 | +€231 | +21.3% |
| Amounts receivable within one year | 40/41 | €38,359 | €39,338 | +€979 | +2.6% |
| Trade receivables | 40 | €33,323 | €25,550 | -€7,773 | -23.3% |
| Other amounts receivable | 41 | €5,036 | €13,788 | +€8,752 | +173.8% |
| Cash at bank and in hand | 54/58 | €24,826 | €56,902 | +€32,076 | +129.2% |
| Deferred charges and accrued income | 490/1 | €2,173 | €1,876 | -€297 | -13.7% |
| Total equity and liabilities | 10/49 | €87,365 | €121,769 | +€34,404 | +39.4% |
| Equity | 10/15 | €65,428 | €105,594 | +€40,166 | +61.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €63,428 | €103,594 | +€40,166 | +63.3% |
| Non-distributable reserves | 130/1 | €136 | €136 | = | 0.0% |
| Reserves not available under the articles | 1311 | €136 | €136 | = | 0.0% |
| Distributable reserves | 133 | €63,292 | €103,458 | +€40,166 | +63.5% |
| Amounts payable | 17/49 | €21,937 | €16,175 | -€5,763 | -26.3% |
| Amounts payable within one year | 42/48 | €21,937 | €16,175 | -€5,763 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €20 | €1,446 | +€1,427 | +7308.3% |
| Credit institutions | 430/8 | €20 | €1,446 | +€1,427 | +7308.3% |
| Trade debts | 44 | €13,811 | €5,085 | -€8,727 | -63.2% |
| Suppliers | 440/4 | €13,811 | €5,085 | -€8,727 | -63.2% |
| Taxes, remuneration and social security | 45 | €8,106 | €9,644 | +€1,537 | +19.0% |
| Taxes | 450/3 | €8,106 | €9,644 | +€1,537 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,010 | €6,276 | -€9,733 | -60.8% |
| Other operating charges | 640/8 | €1,515 | €1,405 | -€109 | -7.2% |
| Gross operating margin | 9900 | €48,008 | €68,729 | +€20,721 | +43.2% |
| Operating profit (loss) | 9901 | €30,483 | €61,047 | +€30,564 | +100.3% |
| Financial income | 75/76B | €95 | €496 | +€401 | +423.8% |
| Recurring financial income | 75 | €95 | €496 | +€401 | +423.8% |
| Financial charges | 65/66B | €633 | €393 | -€240 | -37.9% |
| Recurring financial charges | 65 | €633 | €393 | -€240 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €29,945 | €61,150 | +€31,205 | +104.2% |
| Income taxes | 67/77 | €10,919 | €20,984 | +€10,064 | +92.2% |
| Profit (loss) for the period | 9904 | €19,026 | €40,166 | +€21,141 | +111.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,026 | €40,166 | +€21,141 | +111.1% |
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 10 October 2026 via checked.be.