VEZIR OGLU EXPRESS: 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.
VEZIR OGLU EXPRESS
Largest movements
- Stocks and contracts +€2,889
up €2,889 (+17.5%), from €16,548 to €19,437
- Cash -€468
down €468 (-4.0%), from €11,742 to €11,275
mainly Stocks and contracts (-€2,889) and Other debts (-€617)
- Tax, wage and social debts +€1,817
up €1,817 (+41.3%), from €4,405 to €6,223
of which Remuneration and social security: +€1,875
- Profit (loss) carried forward +€1,298
up €1,298 (+45.3%), from €2,867 to €4,165
- Other debts -€617
down €617 (-18.2%), from €3,385 to €2,768
- Gross operating margin -€87,360
down €87,360 (-96.6%), from €90,464 to €3,104
- Turnover -€62,791
down €62,791 (-18.4%), from €340,891 to €278,100
- Purchases and services -€52,958
down €52,958 (-15.7%), from €336,518 to €283,560
- Staff costs -€6,469
no longer reported in 2025 (was €6,469)
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 | €29,790 | €32,212 | +€2,422 | +8.1% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €28,290 | €30,712 | +€2,422 | +8.6% |
| Stocks and contracts in progress | 3 | €16,548 | €19,437 | +€2,889 | +17.5% |
| Stocks | 30/36 | €16,548 | €19,437 | +€2,889 | +17.5% |
| Cash at bank and in hand | 54/58 | €11,742 | €11,275 | -€468 | -4.0% |
| Total equity and liabilities | 10/49 | €29,790 | €32,212 | +€2,422 | +8.1% |
| Equity | 10/15 | €21,467 | €22,765 | +€1,298 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,867 | €4,165 | +€1,298 | +45.3% |
| Amounts payable | 17/49 | €8,323 | €9,446 | +€1,123 | +13.5% |
| Amounts payable within one year | 42/48 | €8,323 | €9,446 | +€1,123 | +13.5% |
| Trade debts | 44 | €532 | €456 | -€77 | -14.4% |
| Suppliers | 440/4 | €532 | €456 | -€77 | -14.4% |
| Taxes, remuneration and social security | 45 | €4,405 | €6,223 | +€1,817 | +41.3% |
| Taxes | 450/3 | €4,281 | €4,223 | -€58 | -1.4% |
| Remuneration and social security | 454/9 | €125 | €2,000 | +€1,875 | +1504.1% |
| Other amounts payable | 47/48 | €3,385 | €2,768 | -€617 | -18.2% |
| Turnover | 70 | €340,891 | €278,100 | -€62,791 | -18.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €336,518 | €283,560 | -€52,958 | -15.7% |
| Remuneration, social security and pensions | 62 | €6,469 | - | -€6,469 | |
| Other operating charges | 640/8 | €872 | €497 | -€375 | -43.0% |
| Gross operating margin | 9900 | €90,464 | €3,104 | -€87,360 | -96.6% |
| Operating profit (loss) | 9901 | €83,123 | €2,607 | -€80,517 | -96.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €152 | +€17 | +12.5% |
| Recurring financial charges | 65 | €135 | €152 | +€17 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €82,988 | €2,455 | -€80,534 | -97.0% |
| Income taxes | 67/77 | - | €1,156 | +€1,156 | |
| Profit (loss) for the period | 9904 | €82,988 | €1,298 | -€81,690 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,988 | €1,298 | -€81,690 | -98.4% |
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 5 October 2026 via checked.be.