VEXPROM: 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.
VEXPROM
Largest movements
- Cash -€12,661
down €12,661 (-17.9%), from €70,621 to €57,960
mainly Contributions, distributions and other (-€28,000) and Other debts (-€8,579)
- Receivables within one year +€2,040
up €2,040 (+188%), from €1,086 to €3,126
- Tangible fixed assets +€1,358
up €1,358 (+19.9%), from €6,812 to €8,170
- Other debts -€8,579
down €8,579 (-14.6%), from €58,808 to €50,229
- Reserves -€3,500
down €3,500 (-63.6%), from €5,500 to €2,000
of which Distributable reserves: -€3,500
- Tax, wage and social debts +€1,839
up €1,839 (+17.5%), from €10,534 to €12,373
- Trade debts +€1,071
up €1,071 (+483%), from €222 to €1,292
- Staff costs +€9,339
new in 2025: €9,339
- Gross operating margin -€5,056
down €5,056 (-10.1%), from €50,009 to €44,953
- Taxes -€3,148
down €3,148 (-31.2%), from €10,096 to €6,947
- Financial charges +€1,375
up €1,375 (+59.8%), from €2,297 to €3,672
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 | €78,974 | €69,782 | -€9,191 | -11.6% |
| Fixed assets | 21/28 | €6,937 | €8,295 | +€1,358 | +19.6% |
| Tangible fixed assets | 22/27 | €6,812 | €8,170 | +€1,358 | +19.9% |
| Plant, machinery and equipment | 23 | €6,812 | €8,170 | +€1,358 | +19.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €72,036 | €61,487 | -€10,550 | -14.6% |
| Amounts receivable within one year | 40/41 | €1,086 | €3,126 | +€2,040 | +188% |
| Other amounts receivable | 41 | €1,086 | €3,126 | +€2,040 | +188% |
| Cash at bank and in hand | 54/58 | €70,621 | €57,960 | -€12,661 | -17.9% |
| Deferred charges and accrued income | 490/1 | €329 | €401 | +€72 | +21.7% |
| Total equity and liabilities | 10/49 | €78,974 | €69,782 | -€9,191 | -11.6% |
| Equity | 10/15 | €9,410 | €5,888 | -€3,522 | -37.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Contributions outside capital | 11 | €3,500 | - | -€3,500 | |
| Other | 1109/19 | €3,500 | - | -€3,500 | |
| Reserves | 13 | €5,500 | €2,000 | -€3,500 | -63.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €3,500 | €0 | -€3,500 | -100% |
| Profit (loss) carried forward | 14 | €410 | €388 | -€22 | -5.3% |
| Amounts payable | 17/49 | €69,564 | €63,894 | -€5,670 | -8.2% |
| Amounts payable within one year | 42/48 | €69,564 | €63,894 | -€5,670 | -8.2% |
| Trade debts | 44 | €222 | €1,292 | +€1,071 | +483% |
| Suppliers | 440/4 | €222 | €1,292 | +€1,071 | +483% |
| Taxes, remuneration and social security | 45 | €10,534 | €12,373 | +€1,839 | +17.5% |
| Taxes | 450/3 | €10,534 | €12,373 | +€1,839 | +17.5% |
| Other amounts payable | 47/48 | €58,808 | €50,229 | -€8,579 | -14.6% |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Remuneration, social security and pensions | 62 | - | €9,339 | +€9,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €625 | +€237 | +61.0% |
| Other operating charges | 640/8 | - | €137 | +€137 | |
| Gross operating margin | 9900 | €50,009 | €44,953 | -€5,056 | -10.1% |
| Operating profit (loss) | 9901 | €49,621 | €34,851 | -€14,770 | -29.8% |
| Financial income | 75/76B | €39 | €247 | +€207 | +527% |
| Recurring financial income | 75 | €39 | €247 | +€207 | +527% |
| Financial charges | 65/66B | €2,297 | €3,672 | +€1,375 | +59.8% |
| Recurring financial charges | 65 | €2,297 | €3,672 | +€1,375 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €47,363 | €31,426 | -€15,937 | -33.6% |
| Income taxes | 67/77 | €10,096 | €6,947 | -€3,148 | -31.2% |
| Profit (loss) for the period | 9904 | €37,267 | €24,478 | -€12,789 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,267 | €24,478 | -€12,789 | -34.3% |
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 22 October 2026 via checked.be.