VJE TRADING: 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.
VJE TRADING
Largest movements
- Stocks and contracts -€57,164
down €57,164 (-34.2%), from €167,077 to €109,913
- Cash +€46,488
up €46,488 (+44.5%), from €104,402 to €150,890
mainly Stocks and contracts (+€57,164) and Depreciation (+€30,528)
- Tangible fixed assets -€26,874
down €26,874 (-32.8%), from €81,851 to €54,977
of which Furniture and vehicles: -€25,754
- Receivables within one year +€15,463
up €15,463 (+360%), from €4,290 to €19,753
of which Other amounts receivable: +€10,781
- Tax, wage and social debts -€20,755
down €20,755 (-38.8%), from €53,538 to €32,783
of which Taxes: -€16,525
- Profit (loss) carried forward +€19,447
up €19,447 (+9.0%), from €216,931 to €236,378
- Other debts -€11,663
down €11,663 (-95.7%), from €12,191 to €528
- Debts after one year -€9,489
down €9,489 (-24.3%), from €39,078 to €29,589
- Short-term financial debts -€4,377
down €4,377 (-31.6%), from €13,866 to €9,489
- Depreciation +€16,685
up €16,685 (+121%), from €13,844 to €30,528
- Taxes -€4,725
down €4,725 (-38.7%), from €12,204 to €7,479
- Financial charges +€2,048
up €2,048, from -€38 to €2,011
- Staff costs -€1,379
down €1,379 (-3.1%), from €44,028 to €42,649
- Gross operating margin +€1,085
up €1,085 (+1.0%), from €106,098 to €107,184
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 | €357,620 | €335,532 | -€22,088 | -6.2% |
| Fixed assets | 21/28 | €81,851 | €54,977 | -€26,874 | -32.8% |
| Tangible fixed assets | 22/27 | €81,851 | €54,977 | -€26,874 | -32.8% |
| Plant, machinery and equipment | 23 | €13,681 | €12,700 | -€981 | -7.2% |
| Furniture and vehicles | 24 | €67,199 | €41,446 | -€25,754 | -38.3% |
| Leasing and similar rights | 25 | €970 | €831 | -€139 | -14.3% |
| Current assets | 29/58 | €275,769 | €280,555 | +€4,786 | +1.7% |
| Stocks and contracts in progress | 3 | €167,077 | €109,913 | -€57,164 | -34.2% |
| Stocks | 30/36 | €167,077 | €109,913 | -€57,164 | -34.2% |
| Amounts receivable within one year | 40/41 | €4,290 | €19,753 | +€15,463 | +360% |
| Trade receivables | 40 | €1,262 | €5,943 | +€4,681 | +371% |
| Other amounts receivable | 41 | €3,028 | €13,810 | +€10,781 | +356% |
| Cash at bank and in hand | 54/58 | €104,402 | €150,890 | +€46,488 | +44.5% |
| Total equity and liabilities | 10/49 | €357,620 | €335,532 | -€22,088 | -6.2% |
| Equity | 10/15 | €221,931 | €241,378 | +€19,447 | +8.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,931 | €236,378 | +€19,447 | +9.0% |
| Amounts payable | 17/49 | €135,689 | €94,154 | -€41,535 | -30.6% |
| Amounts payable after more than one year | 17 | €39,078 | €29,589 | -€9,489 | -24.3% |
| Financial debts | 170/4 | €39,078 | €29,589 | -€9,489 | -24.3% |
| Amounts payable within one year | 42/48 | €96,612 | €64,565 | -€32,047 | -33.2% |
| Financial debts | 43 | €13,866 | €9,489 | -€4,377 | -31.6% |
| Credit institutions | 430/8 | €13,866 | €9,489 | -€4,377 | -31.6% |
| Trade debts | 44 | €13,503 | €14,432 | +€929 | +6.9% |
| Suppliers | 440/4 | €13,503 | €14,432 | +€929 | +6.9% |
| Advances received on contracts in progress | 46 | €3,514 | €7,333 | +€3,819 | +109% |
| Taxes, remuneration and social security | 45 | €53,538 | €32,783 | -€20,755 | -38.8% |
| Taxes | 450/3 | €46,343 | €29,819 | -€16,525 | -35.7% |
| Remuneration and social security | 454/9 | €7,195 | €2,964 | -€4,230 | -58.8% |
| Other amounts payable | 47/48 | €12,191 | €528 | -€11,663 | -95.7% |
| Non-recurring operating income | 76A | - | €4,853 | +€4,853 | |
| Remuneration, social security and pensions | 62 | €44,028 | €42,649 | -€1,379 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,844 | €30,528 | +€16,685 | +121% |
| Other operating charges | 640/8 | €5,372 | €5,485 | +€113 | +2.1% |
| Gross operating margin | 9900 | €106,098 | €107,184 | +€1,085 | +1.0% |
| Operating profit (loss) | 9901 | €42,854 | €28,521 | -€14,333 | -33.4% |
| Financial income | 75/76B | €1 | €416 | +€415 | +41,908% |
| Recurring financial income | 75 | €1 | €416 | +€415 | +41,908% |
| Financial charges | 65/66B | -€38 | €2,011 | +€2,048 | |
| Recurring financial charges | 65 | -€38 | €2,011 | +€2,048 | |
| Profit (loss) for the period before taxes | 9903 | €42,893 | €26,926 | -€15,967 | -37.2% |
| Income taxes | 67/77 | €12,204 | €7,479 | -€4,725 | -38.7% |
| Profit (loss) for the period | 9904 | €30,689 | €19,447 | -€11,241 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,689 | €19,447 | -€11,241 | -36.6% |
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 28 October 2026 via checked.be.