VEVY: 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.
VEVY
Largest movements
- Tangible fixed assets -€291,812
down €291,812 (-4.0%), from €7.4m to €7.1m
of which Land and buildings: -€272,012
- Financial fixed assets +€261,297
up €261,297 (+32.0%), from €816,676 to €1.1m
- Debts after one year -€205,084
down €205,084 (-3.9%), from €5.3m to €5.1m
of which Financial debts: -€200,000
- Profit (loss) carried forward +€183,392
up €183,392 (+12.1%), from €1.5m to €1.7m
- Gross operating margin +€78,715
up €78,715 (+13.9%), from €565,841 to €644,556
- Taxes +€33,312
up €33,312 (+57.6%), from €57,839 to €91,150
- Financial charges +€13,442
up €13,442, from -€44 to €13,398
- Depreciation -€12,140
down €12,140 (-3.5%), from €348,952 to €336,812
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 | €8,296,069 | €8,257,076 | -€38,993 | -0.5% |
| Fixed assets | 21/28 | €8,202,045 | €8,171,531 | -€30,515 | -0.4% |
| Tangible fixed assets | 22/27 | €7,385,369 | €7,093,557 | -€291,812 | -4.0% |
| Land and buildings | 22 | €7,313,758 | €7,041,746 | -€272,012 | -3.7% |
| Furniture and vehicles | 24 | €40,811 | €21,012 | -€19,800 | -48.5% |
| Other tangible fixed assets | 26 | €30,800 | €30,800 | = | 0.0% |
| Financial fixed assets | 28 | €816,676 | €1,077,974 | +€261,297 | +32.0% |
| Current assets | 29/58 | €94,024 | €85,545 | -€8,478 | -9.0% |
| Amounts receivable within one year | 40/41 | €9,848 | €24,208 | +€14,359 | +145.8% |
| Trade receivables | 40 | €9,848 | €0 | -€9,848 | -100.0% |
| Other amounts receivable | 41 | - | €24,208 | +€24,208 | |
| Cash at bank and in hand | 54/58 | €82,022 | €57,042 | -€24,979 | -30.5% |
| Deferred charges and accrued income | 490/1 | €2,154 | €4,295 | +€2,142 | +99.4% |
| Total equity and liabilities | 10/49 | €8,296,069 | €8,257,076 | -€38,993 | -0.5% |
| Equity | 10/15 | €1,794,814 | €1,978,207 | +€183,392 | +10.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,519,814 | €1,703,207 | +€183,392 | +12.1% |
| Amounts payable | 17/49 | €6,501,255 | €6,278,869 | -€222,385 | -3.4% |
| Amounts payable after more than one year | 17 | €5,307,285 | €5,102,200 | -€205,084 | -3.9% |
| Financial debts | 170/4 | €576,450 | €376,450 | -€200,000 | -34.7% |
| Other amounts payable | 178/9 | €4,730,835 | €4,725,750 | -€5,084 | -0.1% |
| Amounts payable within one year | 42/48 | €1,193,970 | €1,176,669 | -€17,301 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €34,337 | €62,204 | +€27,867 | +81.2% |
| Suppliers | 440/4 | €34,337 | €62,204 | +€27,867 | +81.2% |
| Taxes, remuneration and social security | 45 | €67,294 | €21,498 | -€45,797 | -68.1% |
| Taxes | 450/3 | €67,294 | €21,498 | -€45,797 | -68.1% |
| Other amounts payable | 47/48 | €892,339 | €892,967 | +€628 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,952 | €336,812 | -€12,140 | -3.5% |
| Other operating charges | 640/8 | €16,029 | €19,803 | +€3,774 | +23.5% |
| Gross operating margin | 9900 | €565,841 | €644,556 | +€78,715 | +13.9% |
| Operating profit (loss) | 9901 | €200,859 | €287,940 | +€87,081 | +43.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | -€44 | €13,398 | +€13,442 | |
| Recurring financial charges | 65 | -€44 | €13,398 | +€13,442 | |
| Profit (loss) for the period before taxes | 9903 | €200,910 | €274,543 | +€73,633 | +36.6% |
| Income taxes | 67/77 | €57,839 | €91,150 | +€33,312 | +57.6% |
| Profit (loss) for the period | 9904 | €143,071 | €183,392 | +€40,322 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €143,071 | €183,392 | +€40,322 | +28.2% |
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 4 October 2026 via checked.be.