VEWE INDUSTRIES: 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.
VEWE INDUSTRIES
Largest movements
- Tangible fixed assets +€61,652
up €61,652 (+350%), from €17,631 to €79,283
of which Furniture and vehicles: +€64,815
- Cash -€30,488
down €30,488 (-48.2%), from €63,214 to €32,726
mainly Contributions, distributions and other (-€97,502) and Investment in fixed assets (net) (-€73,058)
- Receivables within one year +€29,391
up €29,391, from €0 to €29,391
of which Trade receivables: +€26,441
- Deferred charges and accrued income -€2,088
down €2,088 (-60.3%), from €3,462 to €1,374
- Other debts +€70,236
up €70,236 (+1,311%), from €5,356 to €75,592
- Reserves -€52,251
down €52,251 (-100%), from €52,251 to €0
- Debts after one year +€24,144
new in 2025: €24,144
- Short-term financial debts +€16,468
new in 2025: €16,468
- Depreciation +€8,569
up €8,569 (+302%), from €2,836 to €11,406
- Gross operating margin +€7,018
up €7,018 (+10.8%), from €64,874 to €71,892
- Financial charges +€945
up €945 (+1,927%), from €49 to €994
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 | €84,306 | €142,774 | +€58,467 | +69.4% |
| Fixed assets | 21/28 | €17,631 | €79,283 | +€61,652 | +350% |
| Tangible fixed assets | 22/27 | €17,631 | €79,283 | +€61,652 | +350% |
| Plant, machinery and equipment | 23 | €2,463 | €1,410 | -€1,053 | -42.8% |
| Furniture and vehicles | 24 | €470 | €65,285 | +€64,815 | +13,781% |
| Other tangible fixed assets | 26 | €14,697 | €12,588 | -€2,109 | -14.4% |
| Current assets | 29/58 | €66,676 | €63,491 | -€3,185 | -4.8% |
| Amounts receivable within one year | 40/41 | €0 | €29,391 | +€29,391 | |
| Trade receivables | 40 | €0 | €26,441 | +€26,441 | |
| Other amounts receivable | 41 | - | €2,950 | +€2,950 | |
| Cash at bank and in hand | 54/58 | €63,214 | €32,726 | -€30,488 | -48.2% |
| Deferred charges and accrued income | 490/1 | €3,462 | €1,374 | -€2,088 | -60.3% |
| Total equity and liabilities | 10/49 | €84,306 | €142,774 | +€58,467 | +69.4% |
| Equity | 10/15 | €70,801 | €18,550 | -€52,251 | -73.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €52,251 | €0 | -€52,251 | -100% |
| Distributable reserves | 133 | €52,251 | €0 | -€52,251 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,505 | €124,224 | +€110,718 | +820% |
| Amounts payable after more than one year | 17 | - | €24,144 | +€24,144 | |
| Financial debts | 170/4 | - | €24,144 | +€24,144 | |
| Amounts payable within one year | 42/48 | €13,505 | €100,080 | +€86,575 | +641% |
| Financial debts | 43 | - | €16,468 | +€16,468 | |
| Credit institutions | 430/8 | - | €16,468 | +€16,468 | |
| Trade debts | 44 | €111 | €512 | +€401 | +361% |
| Suppliers | 440/4 | €111 | €512 | +€401 | +361% |
| Taxes, remuneration and social security | 45 | €8,038 | €7,508 | -€530 | -6.6% |
| Taxes | 450/3 | €8,038 | €7,508 | -€530 | -6.6% |
| Other amounts payable | 47/48 | €5,356 | €75,592 | +€70,236 | +1,311% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,836 | €11,406 | +€8,569 | +302% |
| Other operating charges | 640/8 | €1,394 | €1,113 | -€281 | -20.2% |
| Gross operating margin | 9900 | €64,874 | €71,892 | +€7,018 | +10.8% |
| Operating profit (loss) | 9901 | €60,644 | €59,373 | -€1,270 | -2.1% |
| Financial income | 75/76B | €3 | €10 | +€7 | +240% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +240% |
| Financial charges | 65/66B | €49 | €994 | +€945 | +1,927% |
| Recurring financial charges | 65 | €49 | €994 | +€945 | +1,927% |
| Profit (loss) for the period before taxes | 9903 | €60,597 | €58,389 | -€2,208 | -3.6% |
| Income taxes | 67/77 | €13,116 | €13,139 | +€23 | +0.2% |
| Profit (loss) for the period | 9904 | €47,482 | €45,250 | -€2,232 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,482 | €45,250 | -€2,232 | -4.7% |
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 21 October 2026 via checked.be.