VEWICO: 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.
VEWICO
Largest movements
- Cash +€57,167
up €57,167 (+58.4%), from €97,831 to €154,998
mainly Net result for the year (+€61,808) and Deferred charges and accrued income (+€1,027)
- Receivables within one year +€4,107
up €4,107 (+10168.7%), from €40 to €4,148
- Profit (loss) carried forward +€61,808
up €61,808 (+4433.7%), from €1,394 to €63,202
- Tax, wage and social debts -€1,945
down €1,945 (-16.2%), from €11,988 to €10,043
of which Taxes: -€2,472
- Gross operating margin +€10,773
up €10,773 (+15.1%), from €71,379 to €82,151
- Taxes -€1,967
down €1,967 (-10.4%), from €18,860 to €16,893
- Financial charges +€1,279
up €1,279 (+388.0%), from €330 to €1,609
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 | €102,330 | €161,688 | +€59,358 | +58.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,608 | €1,718 | -€889 | -34.1% |
| Tangible fixed assets | 22/27 | €2,608 | €1,718 | -€889 | -34.1% |
| Furniture and vehicles | 24 | €2,608 | €1,718 | -€889 | -34.1% |
| Current assets | 29/58 | €99,723 | €159,970 | +€60,248 | +60.4% |
| Amounts receivable within one year | 40/41 | €40 | €4,148 | +€4,107 | +10168.7% |
| Other amounts receivable | 41 | €40 | €4,148 | +€4,107 | +10168.7% |
| Cash at bank and in hand | 54/58 | €97,831 | €154,998 | +€57,167 | +58.4% |
| Deferred charges and accrued income | 490/1 | €1,851 | €824 | -€1,027 | -55.5% |
| Total equity and liabilities | 10/49 | €102,330 | €161,688 | +€59,358 | +58.0% |
| Equity | 10/15 | €80,394 | €142,202 | +€61,808 | +76.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €78,000 | €78,000 | = | 0.0% |
| Distributable reserves | 133 | €78,000 | €78,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,394 | €63,202 | +€61,808 | +4433.7% |
| Amounts payable | 17/49 | €21,936 | €19,486 | -€2,450 | -11.2% |
| Amounts payable within one year | 42/48 | €21,544 | €18,693 | -€2,851 | -13.2% |
| Trade debts | 44 | €1,954 | €1,424 | -€530 | -27.1% |
| Suppliers | 440/4 | €1,954 | €1,424 | -€530 | -27.1% |
| Taxes, remuneration and social security | 45 | €11,988 | €10,043 | -€1,945 | -16.2% |
| Taxes | 450/3 | €10,358 | €7,886 | -€2,472 | -23.9% |
| Remuneration and social security | 454/9 | €1,630 | €2,157 | +€527 | +32.3% |
| Other amounts payable | 47/48 | €7,603 | €7,227 | -€376 | -4.9% |
| Accrued charges and deferred income | 492/3 | €392 | €793 | +€401 | +102.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €889 | +€44 | +5.2% |
| Other operating charges | 640/8 | €1,217 | €953 | -€264 | -21.7% |
| Gross operating margin | 9900 | €71,379 | €82,151 | +€10,773 | +15.1% |
| Operating profit (loss) | 9901 | €69,316 | €80,309 | +€10,993 | +15.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €330 | €1,609 | +€1,279 | +388.0% |
| Recurring financial charges | 65 | €330 | €1,609 | +€1,279 | +388.0% |
| Profit (loss) for the period before taxes | 9903 | €68,987 | €78,701 | +€9,715 | +14.1% |
| Income taxes | 67/77 | €18,860 | €16,893 | -€1,967 | -10.4% |
| Profit (loss) for the period | 9904 | €50,127 | €61,808 | +€11,681 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,127 | €61,808 | +€11,681 | +23.3% |
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 2 October 2026 via checked.be.