Vevas: 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.
Vevas
Largest movements
- Cash +€97,698
up €97,698 (+786.7%), from €12,419 to €110,117
mainly Other debts (+€67,904) and Depreciation (+€38,665)
- Deferred charges and accrued income -€18,711
down €18,711 (-50.7%), from €36,905 to €18,193
- Intangible fixed assets -€14,412
down €14,412 (-10.2%), from €141,025 to €126,613
- Tangible fixed assets -€6,353
down €6,353 (-21.0%), from €30,326 to €23,973
of which Plant, machinery and equipment: -€6,093
- Other debts +€67,904
up €67,904 (+65.5%), from €103,606 to €171,510
- Profit (loss) carried forward +€36,596
up €36,596, from -€29,692 to €6,904
- Debts after one year -€16,666
no longer reported in 2025 (was €16,666)
- Trade debts -€15,656
down €15,656 (-53.5%), from €29,240 to €13,584
- Current portion of long-term debt -€11,905
down €11,905 (-41.7%), from €28,572 to €16,666
- Gross operating margin +€72,697
up €72,697 (+34.6%), from €209,810 to €282,507
- Staff costs -€17,848
down €17,848 (-8.1%), from €219,595 to €201,747
- Financial income -€8,952
down €8,952 (-94.8%), from €9,448 to €496
of which Non-recurring financial income: -€9,356
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 | €242,471 | €297,744 | +€55,273 | +22.8% |
| Fixed assets | 21/28 | €171,351 | €150,585 | -€20,765 | -12.1% |
| Intangible fixed assets | 21 | €141,025 | €126,613 | -€14,412 | -10.2% |
| Tangible fixed assets | 22/27 | €30,326 | €23,973 | -€6,353 | -21.0% |
| Plant, machinery and equipment | 23 | €23,716 | €17,623 | -€6,093 | -25.7% |
| Furniture and vehicles | 24 | €2,833 | €2,095 | -€739 | -26.1% |
| Other tangible fixed assets | 26 | €3,777 | €4,255 | +€479 | +12.7% |
| Current assets | 29/58 | €71,120 | €147,158 | +€76,038 | +106.9% |
| Amounts receivable within one year | 40/41 | €21,797 | €18,848 | -€2,949 | -13.5% |
| Trade receivables | 40 | €21,486 | €18,848 | -€2,638 | -12.3% |
| Other amounts receivable | 41 | €311 | - | -€311 | |
| Cash at bank and in hand | 54/58 | €12,419 | €110,117 | +€97,698 | +786.7% |
| Deferred charges and accrued income | 490/1 | €36,905 | €18,193 | -€18,711 | -50.7% |
| Total equity and liabilities | 10/49 | €242,471 | €297,744 | +€55,273 | +22.8% |
| Equity | 10/15 | -€11,092 | €25,504 | +€36,596 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,692 | €6,904 | +€36,596 | |
| Amounts payable | 17/49 | €253,563 | €272,240 | +€18,677 | +7.4% |
| Amounts payable after more than one year | 17 | €16,666 | - | -€16,666 | |
| Financial debts | 170/4 | €16,666 | - | -€16,666 | |
| Amounts payable within one year | 42/48 | €206,897 | €249,182 | +€42,285 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €28,572 | €16,666 | -€11,905 | -41.7% |
| Trade debts | 44 | €29,240 | €13,584 | -€15,656 | -53.5% |
| Suppliers | 440/4 | €29,240 | €13,584 | -€15,656 | -53.5% |
| Advances received on contracts in progress | 46 | €7 | €1,873 | +€1,866 | +25702.5% |
| Taxes, remuneration and social security | 45 | €45,473 | €45,549 | +€76 | +0.2% |
| Taxes | 450/3 | €16,223 | €15,649 | -€575 | -3.5% |
| Remuneration and social security | 454/9 | €29,249 | €29,901 | +€651 | +2.2% |
| Other amounts payable | 47/48 | €103,606 | €171,510 | +€67,904 | +65.5% |
| Accrued charges and deferred income | 492/3 | €30,000 | €23,058 | -€6,942 | -23.1% |
| Non-recurring operating income | 76A | - | €763 | +€763 | |
| Remuneration, social security and pensions | 62 | €219,595 | €201,747 | -€17,848 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,778 | €38,665 | +€1,887 | +5.1% |
| Other operating charges | 640/8 | €1,940 | €1,862 | -€78 | -4.0% |
| Gross operating margin | 9900 | €209,810 | €282,507 | +€72,697 | +34.6% |
| Operating profit (loss) | 9901 | -€48,503 | €40,234 | +€88,737 | |
| Financial income | 75/76B | €9,448 | €496 | -€8,952 | -94.8% |
| Recurring financial income | 75 | €92 | €496 | +€403 | +436.0% |
| Non-recurring financial income | 76B | €9,356 | - | -€9,356 | |
| Financial charges | 65/66B | €4,965 | €4,133 | -€831 | -16.7% |
| Recurring financial charges | 65 | €4,965 | €4,133 | -€831 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,020 | €36,596 | +€80,615 | |
| Income taxes | 67/77 | €1,248 | - | -€1,248 | |
| Profit (loss) for the period | 9904 | -€45,267 | €36,596 | +€81,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,267 | €36,596 | +€81,863 |
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.