VEVB SERVICE: 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.
VEVB SERVICE
Largest movements
- Receivables within one year +€19,221
up €19,221 (+377%), from €5,093 to €24,314
of which Trade receivables: +€20,210
- Cash -€7,955
down €7,955 (-23.4%), from €33,989 to €26,034
mainly Receivables within one year (-€19,221) and Debts after one year (-€8,624)
- Tangible fixed assets -€6,002
down €6,002 (-22.8%), from €26,288 to €20,286
- Deferred charges and accrued income -€1,105
no longer reported in 2025 (was €1,105)
- Profit (loss) carried forward +€24,829
new in 2025: €24,829
- Debts after one year -€8,624
down €8,624 (-69.9%), from €12,330 to €3,706
- Tax, wage and social debts -€6,427
down €6,427 (-75.3%), from €8,529 to €2,103
- Other debts -€6,112
down €6,112 (-85.6%), from €7,142 to €1,030
- Gross operating margin +€16,902
up €16,902 (+88.3%), from €19,139 to €36,041
- Depreciation +€2,280
up €2,280 (+61.3%), from €3,722 to €6,002
- Financial charges -€1,117
down €1,117 (-51.1%), from €2,185 to €1,068
- Other operating charges +€399
up €399 (+49.2%), from €810 to €1,209
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.
Derived cash bridge
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 | €66,474 | €70,633 | +€4,159 | +6.3% |
| Fixed assets | 21/28 | €26,288 | €20,286 | -€6,002 | -22.8% |
| Tangible fixed assets | 22/27 | €26,288 | €20,286 | -€6,002 | -22.8% |
| Furniture and vehicles | 24 | €26,288 | €20,286 | -€6,002 | -22.8% |
| Current assets | 29/58 | €40,187 | €50,348 | +€10,161 | +25.3% |
| Amounts receivable within one year | 40/41 | €5,093 | €24,314 | +€19,221 | +377% |
| Trade receivables | 40 | €4,104 | €24,314 | +€20,210 | +492% |
| Other amounts receivable | 41 | €989 | - | -€989 | |
| Cash at bank and in hand | 54/58 | €33,989 | €26,034 | -€7,955 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,105 | - | -€1,105 | |
| Total equity and liabilities | 10/49 | €66,474 | €70,633 | +€4,159 | +6.3% |
| Equity | 10/15 | €25,736 | €50,566 | +€24,829 | +96.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,736 | €23,736 | = | 0.0% |
| Distributable reserves | 133 | €23,736 | €23,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €24,829 | +€24,829 | |
| Amounts payable | 17/49 | €40,738 | €20,068 | -€20,670 | -50.7% |
| Amounts payable after more than one year | 17 | €12,330 | €3,706 | -€8,624 | -69.9% |
| Financial debts | 170/4 | €12,330 | €3,706 | -€8,624 | -69.9% |
| Amounts payable within one year | 42/48 | €27,850 | €16,362 | -€11,488 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €8,257 | €8,624 | +€367 | +4.4% |
| Trade debts | 44 | €3,921 | €4,605 | +€684 | +17.4% |
| Suppliers | 440/4 | €3,921 | €4,605 | +€684 | +17.4% |
| Taxes, remuneration and social security | 45 | €8,529 | €2,103 | -€6,427 | -75.3% |
| Taxes | 450/3 | €8,529 | €2,103 | -€6,427 | -75.3% |
| Other amounts payable | 47/48 | €7,142 | €1,030 | -€6,112 | -85.6% |
| Accrued charges and deferred income | 492/3 | €558 | - | -€558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,722 | €6,002 | +€2,280 | +61.3% |
| Other operating charges | 640/8 | €810 | €1,209 | +€399 | +49.2% |
| Non-recurring operating charges | 66A | €2,594 | - | -€2,594 | |
| Gross operating margin | 9900 | €19,139 | €36,041 | +€16,902 | +88.3% |
| Operating profit (loss) | 9901 | €12,013 | €28,830 | +€16,817 | +140% |
| Financial income | 75/76B | €0 | €35 | +€35 | |
| Recurring financial income | 75 | €0 | €35 | +€35 | |
| Financial charges | 65/66B | €2,185 | €1,068 | -€1,117 | -51.1% |
| Recurring financial charges | 65 | €2,185 | €1,068 | -€1,117 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €9,828 | €27,797 | +€17,970 | +183% |
| Income taxes | 67/77 | €2,666 | €2,968 | +€302 | +11.3% |
| Profit (loss) for the period | 9904 | €7,161 | €24,829 | +€17,668 | +247% |
| Profit (loss) for the period to be appropriated | 9905 | €7,161 | €24,829 | +€17,668 | +247% |
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 18 October 2026 via checked.be.