VEWAT-INFI: 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.
VEWAT-INFI
Largest movements
- Receivables within one year +€19,516
up €19,516 (+5,592%), from €349 to €19,865
of which Trade receivables: +€19,865
- Cash +€3,446
up €3,446 (+7,832%), from €44 to €3,490
mainly Accrued charges and deferred income (+€24,906) and Depreciation (+€1,218)
- Accrued charges and deferred income +€24,906
new in 2025: €24,906
- Tax, wage and social debts -€3,181
down €3,181 (-21.0%), from €15,150 to €11,969
- Gross operating margin -€33,955
down €33,955 (-93.0%), from €36,511 to €2,556
- Taxes -€8,150
down €8,150 (-94.2%), from €8,650 to €500
- Other operating charges -€445
down €445 (-81.5%), from €546 to €101
- Financial charges +€410
up €410 (+139%), from €296 to €706
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 | €100,837 | €122,321 | +€21,484 | +21.3% |
| Fixed assets | 21/28 | €6,184 | €4,966 | -€1,218 | -19.7% |
| Tangible fixed assets | 22/27 | €6,184 | €4,966 | -€1,218 | -19.7% |
| Plant, machinery and equipment | 23 | €4,618 | €3,926 | -€692 | -15.0% |
| Furniture and vehicles | 24 | €1,566 | €1,040 | -€526 | -33.6% |
| Current assets | 29/58 | €94,653 | €117,355 | +€22,702 | +24.0% |
| Amounts receivable after more than one year | 29 | €94,000 | €94,000 | = | 0.0% |
| Other amounts receivable | 291 | €94,000 | €94,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €349 | €19,865 | +€19,516 | +5,592% |
| Trade receivables | 40 | - | €19,865 | +€19,865 | |
| Other amounts receivable | 41 | €349 | - | -€349 | |
| Cash at bank and in hand | 54/58 | €44 | €3,490 | +€3,446 | +7,832% |
| Deferred charges and accrued income | 490/1 | €260 | - | -€260 | |
| Total equity and liabilities | 10/49 | €100,837 | €122,321 | +€21,484 | +21.3% |
| Equity | 10/15 | €82,882 | €82,913 | +€31 | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,882 | €79,913 | +€31 | 0.0% |
| Amounts payable | 17/49 | €17,955 | €39,408 | +€21,453 | +119% |
| Amounts payable within one year | 42/48 | €17,955 | €14,502 | -€3,453 | -19.2% |
| Trade debts | 44 | €2,805 | €2,533 | -€272 | -9.7% |
| Suppliers | 440/4 | €2,805 | €2,533 | -€272 | -9.7% |
| Taxes, remuneration and social security | 45 | €15,150 | €11,969 | -€3,181 | -21.0% |
| Taxes | 450/3 | €15,150 | €11,969 | -€3,181 | -21.0% |
| Accrued charges and deferred income | 492/3 | - | €24,906 | +€24,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,217 | €1,218 | +€1 | +0.1% |
| Other operating charges | 640/8 | €546 | €101 | -€445 | -81.5% |
| Gross operating margin | 9900 | €36,511 | €2,556 | -€33,955 | -93.0% |
| Operating profit (loss) | 9901 | €34,748 | €1,237 | -€33,511 | -96.4% |
| Financial charges | 65/66B | €296 | €706 | +€410 | +139% |
| Recurring financial charges | 65 | €296 | €706 | +€410 | +139% |
| Profit (loss) for the period before taxes | 9903 | €34,452 | €531 | -€33,921 | -98.5% |
| Income taxes | 67/77 | €8,650 | €500 | -€8,150 | -94.2% |
| Profit (loss) for the period | 9904 | €25,802 | €31 | -€25,771 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,802 | €31 | -€25,771 | -99.9% |
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 25 October 2026 via checked.be.