VEVANCO: 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.
VEVANCO
Largest movements
- Tangible fixed assets -€10,104
down €10,104 (-26.2%), from €38,511 to €28,407
of which Furniture and vehicles: -€10,840
- Receivables within one year +€7,944
up €7,944 (+125.3%), from €6,340 to €14,284
of which Trade receivables: +€7,125
- Cash +€1,527
up €1,527 (+15.3%), from €9,983 to €11,510
mainly Depreciation (+€11,294) and Tax, wage and social debts (+€3,094)
- Debts after one year -€4,136
down €4,136 (-45.0%), from €9,188 to €5,052
- Other debts -€3,964
down €3,964 (-18.2%), from €21,810 to €17,845
- Tax, wage and social debts +€3,094
up €3,094 (+190.0%), from €1,628 to €4,722
- Profit (loss) carried forward +€2,308
up €2,308 (+40.9%), from -€5,636 to -€3,328
- Trade debts +€1,463
up €1,463 (+769.9%), from €190 to €1,653
- Gross operating margin +€11,280
up €11,280 (+207.1%), from €5,446 to €16,726
- Depreciation +€9,753
up €9,753 (+632.6%), from €1,542 to €11,294
- Taxes +€986
up €986 (+675.7%), from €146 to €1,132
- Other operating charges -€736
down €736 (-48.1%), from €1,532 to €796
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 | €55,267 | €54,202 | -€1,065 | -1.9% |
| Fixed assets | 21/28 | €38,511 | €28,407 | -€10,104 | -26.2% |
| Tangible fixed assets | 22/27 | €38,511 | €28,407 | -€10,104 | -26.2% |
| Plant, machinery and equipment | 23 | €1,931 | €2,667 | +€737 | +38.2% |
| Furniture and vehicles | 24 | €36,580 | €25,740 | -€10,840 | -29.6% |
| Current assets | 29/58 | €16,757 | €25,795 | +€9,038 | +53.9% |
| Amounts receivable within one year | 40/41 | €6,340 | €14,284 | +€7,944 | +125.3% |
| Trade receivables | 40 | €6,340 | €13,465 | +€7,125 | +112.4% |
| Other amounts receivable | 41 | - | €819 | +€819 | |
| Cash at bank and in hand | 54/58 | €9,983 | €11,510 | +€1,527 | +15.3% |
| Deferred charges and accrued income | 490/1 | €433 | - | -€433 | |
| Total equity and liabilities | 10/49 | €55,267 | €54,202 | -€1,065 | -1.9% |
| Equity | 10/15 | €18,487 | €20,795 | +€2,308 | +12.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €18,123 | €18,123 | = | 0.0% |
| Distributable reserves | 133 | €18,123 | €18,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,636 | -€3,328 | +€2,308 | +40.9% |
| Amounts payable | 17/49 | €36,780 | €33,407 | -€3,373 | -9.2% |
| Amounts payable after more than one year | 17 | €9,188 | €5,052 | -€4,136 | -45.0% |
| Financial debts | 170/4 | €9,188 | €5,052 | -€4,136 | -45.0% |
| Amounts payable within one year | 42/48 | €27,592 | €28,355 | +€763 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €3,965 | €4,136 | +€171 | +4.3% |
| Trade debts | 44 | €190 | €1,653 | +€1,463 | +769.9% |
| Suppliers | 440/4 | €190 | €1,653 | +€1,463 | +769.9% |
| Taxes, remuneration and social security | 45 | €1,628 | €4,722 | +€3,094 | +190.0% |
| Taxes | 450/3 | €1,628 | €4,722 | +€3,094 | +190.0% |
| Other amounts payable | 47/48 | €21,810 | €17,845 | -€3,964 | -18.2% |
| Remuneration, social security and pensions | 62 | €557 | €557 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,542 | €11,294 | +€9,753 | +632.6% |
| Other operating charges | 640/8 | €1,532 | €796 | -€736 | -48.1% |
| Gross operating margin | 9900 | €5,446 | €16,726 | +€11,280 | +207.1% |
| Operating profit (loss) | 9901 | €1,815 | €4,079 | +€2,264 | +124.7% |
| Financial income | 75/76B | €35 | €3 | -€32 | -90.7% |
| Recurring financial income | 75 | €35 | €3 | -€32 | -90.7% |
| Financial charges | 65/66B | €795 | €643 | -€152 | -19.1% |
| Recurring financial charges | 65 | €795 | €643 | -€152 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €1,056 | €3,440 | +€2,384 | +225.8% |
| Income taxes | 67/77 | €146 | €1,132 | +€986 | +675.7% |
| Profit (loss) for the period | 9904 | €910 | €2,308 | +€1,398 | +153.7% |
| Profit (loss) for the period to be appropriated | 9905 | €910 | €2,308 | +€1,398 | +153.7% |
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 12 October 2026 via checked.be.