VEZIMMO: 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.
VEZIMMO
Largest movements
- Stocks and contracts +€87,492
up €87,492 (+41.4%), from €211,163 to €298,656
- Receivables within one year -€19,831
down €19,831 (-57.7%), from €34,391 to €14,560
of which Other amounts receivable: -€20,841
- Tangible fixed assets +€16,377
up €16,377 (+157%), from €10,442 to €26,819
of which Furniture and vehicles: +€19,894
- Cash -€9,795
down €9,795 (-84.4%), from €11,601 to €1,807
mainly Stocks and contracts (-€87,492) and Investment in fixed assets (net) (-€28,766)
- Debts after one year +€73,318
up €73,318 (+39.4%), from €185,934 to €259,252
- Current portion of long-term debt +€8,646
new in 2025: €8,646
- Other debts -€4,572
down €4,572 (-9.6%), from €47,539 to €42,967
- Tax, wage and social debts -€3,989
down €3,989 (-75.7%), from €5,268 to €1,279
- Purchases and services +€122,335
new in 2025: €122,335
- Gross operating margin +€32,184
up €32,184, from -€6,669 to €25,515
- Financial charges +€8,639
up €8,639 (+212%), from €4,080 to €12,719
of which Financial charges: +€8,125
- Depreciation +€5,164
up €5,164 (+71.5%), from €7,225 to €12,389
- Financial income -€1,500
no longer reported in 2025 (was €1,500)
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 | €270,963 | €341,841 | +€70,878 | +26.2% |
| Fixed assets | 21/28 | €10,442 | €26,819 | +€16,377 | +157% |
| Tangible fixed assets | 22/27 | €10,442 | €26,819 | +€16,377 | +157% |
| Plant, machinery and equipment | 23 | €5,773 | €2,257 | -€3,517 | -60.9% |
| Furniture and vehicles | 24 | €4,668 | €24,562 | +€19,894 | +426% |
| Current assets | 29/58 | €260,521 | €315,022 | +€54,501 | +20.9% |
| Stocks and contracts in progress | 3 | €211,163 | €298,656 | +€87,492 | +41.4% |
| Stocks | 30/36 | €211,163 | €298,656 | +€87,492 | +41.4% |
| Amounts receivable within one year | 40/41 | €34,391 | €14,560 | -€19,831 | -57.7% |
| Trade receivables | 40 | €13,550 | €14,560 | +€1,009 | +7.4% |
| Other amounts receivable | 41 | €20,841 | €0 | -€20,841 | -100% |
| Cash at bank and in hand | 54/58 | €11,601 | €1,807 | -€9,795 | -84.4% |
| Deferred charges and accrued income | 490/1 | €3,365 | €0 | -€3,365 | -100% |
| Total equity and liabilities | 10/49 | €270,963 | €341,841 | +€70,878 | +26.2% |
| Equity | 10/15 | €15,097 | €15,122 | +€25 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,503 | -€3,478 | +€25 | +0.7% |
| Amounts payable | 17/49 | €255,866 | €326,720 | +€70,853 | +27.7% |
| Amounts payable after more than one year | 17 | €185,934 | €259,252 | +€73,318 | +39.4% |
| Financial debts | 170/4 | €185,934 | €259,252 | +€73,318 | +39.4% |
| Amounts payable within one year | 42/48 | €69,932 | €67,468 | -€2,465 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,646 | +€8,646 | |
| Trade debts | 44 | €17,125 | €14,575 | -€2,550 | -14.9% |
| Suppliers | 440/4 | €17,125 | €14,575 | -€2,550 | -14.9% |
| Taxes, remuneration and social security | 45 | €5,268 | €1,279 | -€3,989 | -75.7% |
| Taxes | 450/3 | €5,268 | €1,279 | -€3,989 | -75.7% |
| Other amounts payable | 47/48 | €47,539 | €42,967 | -€4,572 | -9.6% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €122,335 | +€122,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €12,389 | +€5,164 | +71.5% |
| Other operating charges | 640/8 | €1,667 | €527 | -€1,140 | -68.4% |
| Non-recurring operating charges | 66A | - | €29 | +€29 | |
| Gross operating margin | 9900 | -€6,669 | €25,515 | +€32,184 | |
| Operating profit (loss) | 9901 | -€15,562 | €12,570 | +€28,131 | |
| Financial income | 75/76B | €1,500 | - | -€1,500 | |
| Recurring financial income | 75 | €1,500 | - | -€1,500 | |
| Financial charges | 65/66B | €4,080 | €12,719 | +€8,639 | +212% |
| Recurring financial charges | 65 | €4,080 | €12,205 | +€8,125 | +199% |
| Non-recurring financial charges | 66B | - | €514 | +€514 | |
| Profit (loss) for the period before taxes | 9903 | -€18,142 | -€149 | +€17,993 | +99.2% |
| Income taxes | 67/77 | €349 | -€174 | -€523 | |
| Profit (loss) for the period | 9904 | -€18,491 | €25 | +€18,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,491 | €25 | +€18,516 |
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 15 October 2026 via checked.be.