VEVD: 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.
VEVD
Largest movements
- Cash +€33,238
up €33,238 (+26026.1%), from €128 to €33,366
mainly Net result for the year (+€28,985) and Tax, wage and social debts (+€14,417)
- Receivables within one year +€7,433
up €7,433 (+325.7%), from €2,282 to €9,715
of which Trade receivables: +€7,127
- Profit (loss) carried forward +€28,152
up €28,152, from -€99 to €28,054
- Tax, wage and social debts +€14,417
up €14,417 (+3964.5%), from €364 to €14,780
- Other debts -€1,689
down €1,689 (-67.0%), from €2,522 to €833
- Gross operating margin +€37,713
up €37,713, from -€13 to €37,700
- Taxes +€8,462
up €8,462 (+16448.0%), from €51 to €8,514
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 | €3,274 | €43,767 | +€40,493 | +1236.8% |
| Formation expenses | 20 | €864 | €686 | -€178 | -20.6% |
| Current assets | 29/58 | €2,410 | €43,081 | +€40,671 | +1687.8% |
| Amounts receivable within one year | 40/41 | €2,282 | €9,715 | +€7,433 | +325.7% |
| Trade receivables | 40 | €2,282 | €9,409 | +€7,127 | +312.3% |
| Other amounts receivable | 41 | - | €306 | +€306 | |
| Cash at bank and in hand | 54/58 | €128 | €33,366 | +€33,238 | +26026.1% |
| Total equity and liabilities | 10/49 | €3,274 | €43,767 | +€40,493 | +1236.8% |
| Equity | 10/15 | €1 | €28,154 | +€28,152 | +2132745.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99 | €28,054 | +€28,152 | |
| Amounts payable | 17/49 | €3,273 | €15,613 | +€12,341 | +377.1% |
| Amounts payable within one year | 42/48 | €3,273 | €15,613 | +€12,341 | +377.1% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €364 | €14,780 | +€14,417 | +3964.5% |
| Taxes | 450/3 | €364 | €14,780 | +€14,417 | +3964.5% |
| Other amounts payable | 47/48 | €2,522 | €833 | -€1,689 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €178 | +€151 | +549.0% |
| Gross operating margin | 9900 | -€13 | €37,700 | +€37,713 | |
| Operating profit (loss) | 9901 | -€40 | €37,522 | +€37,562 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €7 | €43 | +€36 | +499.6% |
| Recurring financial charges | 65 | €7 | €43 | +€36 | +499.6% |
| Profit (loss) for the period before taxes | 9903 | -€47 | €37,499 | +€37,546 | |
| Income taxes | 67/77 | €51 | €8,514 | +€8,462 | +16448.0% |
| Profit (loss) for the period | 9904 | -€99 | €28,985 | +€29,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99 | €28,985 | +€29,084 |
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.