VEWO: 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.
What changed
VEWO
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€130,256
2024 · -€45,808-€84,448
Equity
€248,530
2024 · €378,786-€130,256
Cash
€476,440
2024 · €462,356+€14,084
Balance sheet total
€1.7m
2024 · €1.8m-€98,268
Largest movements
Assets
- Receivables within one year -€61,971
down €61,971 (-8.4%), from €739,702 to €677,731
of which Other amounts receivable: -€66,508
- Tangible fixed assets -€34,409
down €34,409 (-12.0%), from €286,359 to €251,950
of which Plant, machinery and equipment: -€30,006
Equity and liabilities
- Trade debts +€138,076
up €138,076 (+14.8%), from €932,014 to €1.1m
- Reserves -€130,256
down €130,256 (-41.1%), from €316,786 to €186,530
of which Distributable reserves: -€130,256
- Debts after one year -€87,687
down €87,687 (-38.2%), from €229,747 to €142,060
Income statement
- Staff costs +€102,526
up €102,526 (+12.6%), from €815,008 to €917,534
- Gross operating margin +€47,031
up €47,031 (+5.6%), from €838,619 to €885,650
- Other operating charges +€16,988
up €16,988 (+225%), from €7,562 to €24,550
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.
Result 2024
-€45,808
Gross operating margin
+€47,031
Staff costs
-€102,526
Depreciation
-€3,199
Other operating charges
-€16,988
Other operating items
+€910
Financial income
-€1,179
Financial charges
-€8,497
Result 2025
-€130,256
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€111,848
Investment
-€2,528
Financing
-€95,235
Cash 2024
€462,356
From operations (derived)
+€111,848
Net result for the year
-€130,256
Depreciation
+€36,937
Stocks and contracts
+€15,536
Receivables within one year
+€61,971
Deferred charges and accrued income
+€436
Trade debts
+€138,076
Tax, wage and social debts
-€10,853
Investment (derived)
-€2,528
Investment in fixed assets (net)
-€2,528
Financing
-€95,235
Debts after one year
-€87,687
Current portion of long-term debt
-€8,087
Short-term financial debts
+€538
Cash 2025
€476,440
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,775,096 | €1,676,828 | -€98,268 | -5.5% |
| Fixed assets | 21/28 | €286,359 | €251,950 | -€34,409 | -12.0% |
| Tangible fixed assets | 22/27 | €286,359 | €251,950 | -€34,409 | -12.0% |
| Land and buildings | 22 | €34,516 | €32,538 | -€1,978 | -5.7% |
| Plant, machinery and equipment | 23 | €240,294 | €210,288 | -€30,006 | -12.5% |
| Furniture and vehicles | 24 | €6,749 | €4,324 | -€2,425 | -35.9% |
| Other tangible fixed assets | 26 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €1,488,737 | €1,424,878 | -€63,859 | -4.3% |
| Stocks and contracts in progress | 3 | €262,538 | €247,001 | -€15,536 | -5.9% |
| Stocks | 30/36 | €262,538 | €247,001 | -€15,536 | -5.9% |
| Amounts receivable within one year | 40/41 | €739,702 | €677,731 | -€61,971 | -8.4% |
| Trade receivables | 40 | €54,040 | €58,577 | +€4,537 | +8.4% |
| Other amounts receivable | 41 | €685,663 | €619,154 | -€66,508 | -9.7% |
| Cash at bank and in hand | 54/58 | €462,356 | €476,440 | +€14,084 | +3.0% |
| Deferred charges and accrued income | 490/1 | €24,141 | €23,705 | -€436 | -1.8% |
| Total equity and liabilities | 10/49 | €1,775,096 | €1,676,828 | -€98,268 | -5.5% |
| Equity | 10/15 | €378,786 | €248,530 | -€130,256 | -34.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €316,786 | €186,530 | -€130,256 | -41.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,500 | €38,500 | = | 0.0% |
| Distributable reserves | 133 | €272,086 | €141,830 | -€130,256 | -47.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,396,310 | €1,428,298 | +€31,988 | +2.3% |
| Amounts payable after more than one year | 17 | €229,747 | €142,060 | -€87,687 | -38.2% |
| Financial debts | 170/4 | €229,747 | €142,060 | -€87,687 | -38.2% |
| Amounts payable within one year | 42/48 | €1,166,563 | €1,286,238 | +€119,674 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €36,585 | €28,498 | -€8,087 | -22.1% |
| Financial debts | 43 | €75,568 | €76,106 | +€538 | +0.7% |
| Other loans | 439 | €75,568 | €76,106 | +€538 | +0.7% |
| Trade debts | 44 | €932,014 | €1,070,090 | +€138,076 | +14.8% |
| Suppliers | 440/4 | €932,014 | €1,070,090 | +€138,076 | +14.8% |
| Taxes, remuneration and social security | 45 | €122,397 | €111,543 | -€10,853 | -8.9% |
| Taxes | 450/3 | €2,103 | €872 | -€1,232 | -58.6% |
| Remuneration and social security | 454/9 | €120,294 | €110,672 | -€9,622 | -8.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €815,008 | €917,534 | +€102,526 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,738 | €36,937 | +€3,199 | +9.5% |
| Other operating charges | 640/8 | €7,562 | €24,550 | +€16,988 | +225% |
| Non-recurring operating charges | 66A | €910 | €0 | -€910 | -100% |
| Gross operating margin | 9900 | €838,619 | €885,650 | +€47,031 | +5.6% |
| Operating profit (loss) | 9901 | -€18,599 | -€93,371 | -€74,772 | -402% |
| Financial income | 75/76B | €21,426 | €20,247 | -€1,179 | -5.5% |
| Recurring financial income | 75 | €21,426 | €20,247 | -€1,179 | -5.5% |
| Financial charges | 65/66B | €48,635 | €57,132 | +€8,497 | +17.5% |
| Recurring financial charges | 65 | €48,635 | €57,132 | +€8,497 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,808 | -€130,256 | -€84,448 | -184% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€45,808 | -€130,256 | -€84,448 | -184% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,808 | -€130,256 | -€84,448 | -184% |
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 17 October 2026 via checked.be.