Vewelco: 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.
Vewelco
Largest movements
- Cash -€73,704
down €73,704 (-64.1%), from €114,936 to €41,232
mainly Receivables within one year (-€37,987) and Net result for the year (-€24,064)
- Receivables within one year +€37,987
up €37,987 (+253%), from €15,030 to €53,016
of which Other amounts receivable: +€51,214
- Tangible fixed assets -€7,264
down €7,264 (-8.8%), from €82,321 to €75,057
of which Land and buildings: -€4,552
- Profit (loss) carried forward -€24,064
down €24,064 (-29.4%), from €81,959 to €57,895
- Tax, wage and social debts -€23,328
no longer reported in 2025 (was €23,328)
of which Remuneration and social security: -€19,000
- Short-term financial debts +€5,910
new in 2025: €5,910
- Gross operating margin -€78,085
down €78,085 (-91.4%), from €85,437 to €7,352
- Financial income +€12,210
up €12,210 (+72,334%), from €17 to €12,227
of which Non-recurring financial income: +€11,975
- Financial charges +€4,750
up €4,750 (+1,071%), from €443 to €5,193
- Taxes +€3,197
up €3,197 (+11.8%), from €27,001 to €30,198
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 | €212,286 | €169,305 | -€42,981 | -20.2% |
| Fixed assets | 21/28 | €82,321 | €75,057 | -€7,264 | -8.8% |
| Tangible fixed assets | 22/27 | €82,321 | €75,057 | -€7,264 | -8.8% |
| Land and buildings | 22 | €75,504 | €70,952 | -€4,552 | -6.0% |
| Furniture and vehicles | 24 | €6,817 | €4,105 | -€2,712 | -39.8% |
| Current assets | 29/58 | €129,965 | €94,248 | -€35,717 | -27.5% |
| Amounts receivable within one year | 40/41 | €15,030 | €53,016 | +€37,987 | +253% |
| Trade receivables | 40 | €13,227 | - | -€13,227 | |
| Other amounts receivable | 41 | €1,802 | €53,016 | +€51,214 | +2,841% |
| Cash at bank and in hand | 54/58 | €114,936 | €41,232 | -€73,704 | -64.1% |
| Total equity and liabilities | 10/49 | €212,286 | €169,305 | -€42,981 | -20.2% |
| Equity | 10/15 | €187,459 | €163,395 | -€24,064 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,900 | €86,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Legal reserve | 130 | €400 | €400 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,959 | €57,895 | -€24,064 | -29.4% |
| Amounts payable | 17/49 | €24,827 | €5,910 | -€18,916 | -76.2% |
| Amounts payable within one year | 42/48 | €24,827 | €5,910 | -€18,916 | -76.2% |
| Financial debts | 43 | - | €5,910 | +€5,910 | |
| Other loans | 439 | - | €5,910 | +€5,910 | |
| Trade debts | 44 | €1,499 | - | -€1,499 | |
| Suppliers | 440/4 | €1,499 | - | -€1,499 | |
| Taxes, remuneration and social security | 45 | €23,328 | - | -€23,328 | |
| Taxes | 450/3 | €4,328 | - | -€4,328 | |
| Remuneration and social security | 454/9 | €19,000 | - | -€19,000 | |
| Remuneration, social security and pensions | 62 | - | €469 | +€469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,645 | €7,264 | -€381 | -5.0% |
| Other operating charges | 640/8 | €900 | €520 | -€380 | -42.2% |
| Gross operating margin | 9900 | €85,437 | €7,352 | -€78,085 | -91.4% |
| Operating profit (loss) | 9901 | €76,892 | -€901 | -€77,793 | |
| Financial income | 75/76B | €17 | €12,227 | +€12,210 | +72,334% |
| Recurring financial income | 75 | €17 | €252 | +€235 | +1,391% |
| Non-recurring financial income | 76B | - | €11,975 | +€11,975 | |
| Financial charges | 65/66B | €443 | €5,193 | +€4,750 | +1,071% |
| Recurring financial charges | 65 | €443 | €5,193 | +€4,750 | +1,071% |
| Profit (loss) for the period before taxes | 9903 | €76,466 | €6,133 | -€70,333 | -92.0% |
| Income taxes | 67/77 | €27,001 | €30,198 | +€3,197 | +11.8% |
| Profit (loss) for the period | 9904 | €49,465 | -€24,064 | -€73,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,465 | -€24,064 | -€73,529 |
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 20 October 2026 via checked.be.