VJKEM Holding: 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.
VJKEM Holding
Largest movements
- Cash -€533
down €533 (-64.1%), from €831 to €298
mainly Net result for the year (-€7,934) and Investment in fixed assets (net) (-€709)
- Tangible fixed assets +€248
up €248 (+34.0%), from €728 to €975
- Receivables within one year +€171
up €171 (+29.4%), from €580 to €750
of which Other amounts receivable: +€171
- Deferred charges and accrued income +€57
new in 2025: €57
- Profit (loss) carried forward -€7,934
down €7,934 (-7.7%), from -€102,991 to -€110,925
- Other debts +€3,919
up €3,919 (+9.0%), from €43,542 to €47,461
- Trade debts +€3,141
up €3,141 (+137%), from €2,293 to €5,433
- Accrued charges and deferred income +€614
up €614 (+47.4%), from €1,296 to €1,910
- Tax, wage and social debts +€203
up €203 (+27.1%), from €749 to €951
- Depreciation -€8,710
down €8,710 (-95.0%), from €9,171 to €461
- Gross operating margin +€7,955
up €7,955 (+63.9%), from -€12,454 to -€4,499
- Taxes -€459
down €459 (-61.3%), from €749 to €289
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 | €2,188 | €2,131 | -€57 | -2.6% |
| Fixed assets | 21/28 | €778 | €1,025 | +€248 | +31.8% |
| Tangible fixed assets | 22/27 | €728 | €975 | +€248 | +34.0% |
| Furniture and vehicles | 24 | €728 | €975 | +€248 | +34.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,410 | €1,105 | -€305 | -21.6% |
| Amounts receivable within one year | 40/41 | €580 | €750 | +€171 | +29.4% |
| Trade receivables | 40 | €409 | €409 | = | 0.0% |
| Other amounts receivable | 41 | €171 | €341 | +€171 | +99.9% |
| Cash at bank and in hand | 54/58 | €831 | €298 | -€533 | -64.1% |
| Deferred charges and accrued income | 490/1 | - | €57 | +€57 | |
| Total equity and liabilities | 10/49 | €2,188 | €2,131 | -€57 | -2.6% |
| Equity | 10/15 | -€45,691 | -€53,625 | -€7,934 | -17.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,300 | €47,300 | = | 0.0% |
| Distributable reserves | 133 | €47,300 | €47,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,991 | -€110,925 | -€7,934 | -7.7% |
| Amounts payable | 17/49 | €47,879 | €55,755 | +€7,876 | +16.5% |
| Amounts payable within one year | 42/48 | €46,584 | €53,846 | +€7,262 | +15.6% |
| Trade debts | 44 | €2,293 | €5,433 | +€3,141 | +137% |
| Suppliers | 440/4 | €2,293 | €5,433 | +€3,141 | +137% |
| Taxes, remuneration and social security | 45 | €749 | €951 | +€203 | +27.1% |
| Taxes | 450/3 | €749 | €951 | +€203 | +27.1% |
| Other amounts payable | 47/48 | €43,542 | €47,461 | +€3,919 | +9.0% |
| Accrued charges and deferred income | 492/3 | €1,296 | €1,910 | +€614 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,171 | €461 | -€8,710 | -95.0% |
| Other operating charges | 640/8 | €2,463 | €2,343 | -€120 | -4.9% |
| Gross operating margin | 9900 | -€12,454 | -€4,499 | +€7,955 | +63.9% |
| Operating profit (loss) | 9901 | -€24,088 | -€7,303 | +€16,785 | +69.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €274 | €341 | +€68 | +24.7% |
| Recurring financial charges | 65 | €274 | €341 | +€68 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,361 | -€7,644 | +€16,716 | +68.6% |
| Income taxes | 67/77 | €749 | €289 | -€459 | -61.3% |
| Profit (loss) for the period | 9904 | -€25,109 | -€7,934 | +€17,176 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,109 | -€7,934 | +€17,176 | +68.4% |
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 30 October 2026 via checked.be.