VEVAN: 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.
VEVAN
Largest movements
- Receivables within one year -€170,000
down €170,000 (-100.0%), from €170,000 to €0
- Cash +€106,343
up €106,343 (+223.7%), from €47,534 to €153,877
mainly Receivables within one year (+€170,000) and Depreciation (+€86,978)
- Tangible fixed assets -€64,487
down €64,487 (-2.7%), from €2.4m to €2.3m
of which Land and buildings: -€66,022
- Trade debts -€45,989
down €45,989 (-96.9%), from €47,467 to €1,477
- Debts after one year -€37,388
down €37,388 (-1.7%), from €2.2m to €2.1m
- Gross operating margin -€94,468
down €94,468 (-45.2%), from €209,014 to €114,545
- Other operating charges +€11,273
up €11,273 (+97.2%), from €11,593 to €22,866
- Depreciation +€2,753
up €2,753 (+3.3%), from €84,226 to €86,978
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 | €2,884,024 | €2,749,292 | -€134,732 | -4.7% |
| Fixed assets | 21/28 | €2,658,906 | €2,594,419 | -€64,487 | -2.4% |
| Tangible fixed assets | 22/27 | €2,357,320 | €2,292,833 | -€64,487 | -2.7% |
| Land and buildings | 22 | €2,181,865 | €2,115,843 | -€66,022 | -3.0% |
| Plant, machinery and equipment | 23 | €175,455 | €176,990 | +€1,535 | +0.9% |
| Financial fixed assets | 28 | €301,587 | €301,587 | = | 0.0% |
| Current assets | 29/58 | €225,117 | €154,872 | -€70,245 | -31.2% |
| Amounts receivable within one year | 40/41 | €170,000 | €0 | -€170,000 | -100.0% |
| Other amounts receivable | 41 | €170,000 | €0 | -€170,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,534 | €153,877 | +€106,343 | +223.7% |
| Deferred charges and accrued income | 490/1 | €7,584 | €995 | -€6,588 | -86.9% |
| Total equity and liabilities | 10/49 | €2,884,024 | €2,749,292 | -€134,732 | -4.7% |
| Equity | 10/15 | €135,799 | €120,076 | -€15,723 | -11.6% |
| Contributions | 10/11 | €474,368 | €474,368 | = | 0.0% |
| Capital | 10 | €474,368 | €474,368 | = | 0.0% |
| Issued capital | 100 | €474,368 | €474,368 | = | 0.0% |
| Reserves | 13 | €277,804 | €277,804 | = | 0.0% |
| Tax-exempt reserves | 132 | €277,804 | €277,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€616,373 | -€632,096 | -€15,723 | -2.6% |
| Provisions and deferred taxes | 16 | €308,082 | €289,770 | -€18,312 | -5.9% |
| Provisions for liabilities and charges | 160/5 | €308,082 | €289,770 | -€18,312 | -5.9% |
| Other liabilities and charges | 164/5 | €308,082 | €289,770 | -€18,312 | -5.9% |
| Amounts payable | 17/49 | €2,440,143 | €2,339,446 | -€100,697 | -4.1% |
| Amounts payable after more than one year | 17 | €2,182,082 | €2,144,693 | -€37,388 | -1.7% |
| Financial debts | 170/4 | €2,182,082 | €2,144,693 | -€37,388 | -1.7% |
| Amounts payable within one year | 42/48 | €258,061 | €194,752 | -€63,309 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €66,175 | €67,388 | +€1,214 | +1.8% |
| Trade debts | 44 | €47,467 | €1,477 | -€45,989 | -96.9% |
| Suppliers | 440/4 | €47,467 | €1,477 | -€45,989 | -96.9% |
| Other amounts payable | 47/48 | €144,420 | €125,887 | -€18,533 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,226 | €86,978 | +€2,753 | +3.3% |
| Other operating charges | 640/8 | €11,593 | €22,866 | +€11,273 | +97.2% |
| Gross operating margin | 9900 | €209,014 | €114,545 | -€94,468 | -45.2% |
| Operating profit (loss) | 9901 | €113,195 | €4,701 | -€108,494 | -95.8% |
| Financial income | 75/76B | €1 | €1 | -€0 | -16.7% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -16.7% |
| Financial charges | 65/66B | €20,394 | €20,425 | +€31 | +0.2% |
| Recurring financial charges | 65 | €20,394 | €20,425 | +€31 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €92,802 | -€15,723 | -€108,525 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -13.9% |
| Profit (loss) for the period | 9904 | €92,802 | -€15,723 | -€108,525 | |
| Transfer from tax-exempt reserves | 789 | €13,844 | €0 | -€13,844 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,645 | -€15,723 | -€122,369 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.