Vecim: what changed
What changed
Vecim
filed annual accounts (NBB)
Net result for the year
-€48
2024 · -€10,869+€10,820
Equity
€176,995
2024 · €177,044-€48
Cash
€4,574
2024 · €5,876-€1,302
Balance sheet total
€179,488
2024 · €192,915-€13,427
Largest movements
Assets
- Current investments -€9,846
down €9,846 (-13.9%), from €70,718 to €60,872
- Tangible fixed assets -€2,830
down €2,830 (-2.5%), from €115,026 to €112,196
of which Land and buildings: -€1,782
Equity and liabilities
- Other debts -€12,542
down €12,542 (-83.6%), from €15,005 to €2,463
Income statement
- Depreciation -€26,704
down €26,704 (-79.3%), from €33,696 to €6,992
- Gross operating margin -€17,596
down €17,596 (-64.5%), from €27,277 to €9,682
- Financial income +€1,667
up €1,667 (+164%), from €1,017 to €2,683
- Other operating charges -€1,067
down €1,067 (-20.1%), from €5,315 to €4,248
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,869
Gross operating margin
-€17,596
Depreciation
+€26,704
Other operating charges
+€1,067
Other operating items
-€1,048
Financial income
+€1,667
Financial charges
+€27
Result 2025
-€48
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€6,987
Investment
+€5,684
Financing
€0
Cash 2024
€5,876
From operations (derived)
-€6,987
Net result for the year
-€48
Depreciation
+€6,992
Receivables within one year
-€17
Deferred charges and accrued income
-€534
Trade debts
-€837
Other debts
-€12,542
Investment (derived)
+€5,684
Investment in fixed assets (net)
-€4,162
Current investments
+€9,846
Cash 2025
€4,574
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,915 | €179,488 | -€13,427 | -7.0% |
| Fixed assets | 21/28 | €115,916 | €113,086 | -€2,830 | -2.4% |
| Tangible fixed assets | 22/27 | €115,026 | €112,196 | -€2,830 | -2.5% |
| Land and buildings | 22 | €80,396 | €78,614 | -€1,782 | -2.2% |
| Other tangible fixed assets | 26 | €34,630 | €33,582 | -€1,048 | -3.0% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €77,000 | €66,402 | -€10,598 | -13.8% |
| Amounts receivable within one year | 40/41 | - | €17 | +€17 | |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Current investments | 50/53 | €70,718 | €60,872 | -€9,846 | -13.9% |
| Cash at bank and in hand | 54/58 | €5,876 | €4,574 | -€1,302 | -22.2% |
| Deferred charges and accrued income | 490/1 | €406 | €940 | +€534 | +132% |
| Total equity and liabilities | 10/49 | €192,915 | €179,488 | -€13,427 | -7.0% |
| Equity | 10/15 | €177,044 | €176,995 | -€48 | 0.0% |
| Contributions | 10/11 | €14,268 | €14,268 | = | 0.0% |
| Reserves | 13 | €162,775 | €162,727 | -€48 | 0.0% |
| Distributable reserves | 133 | €162,775 | €162,727 | -€48 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,872 | €2,493 | -€13,379 | -84.3% |
| Amounts payable within one year | 42/48 | €15,872 | €2,493 | -€13,379 | -84.3% |
| Trade debts | 44 | €867 | €30 | -€837 | -96.5% |
| Suppliers | 440/4 | €867 | €30 | -€837 | -96.5% |
| Other amounts payable | 47/48 | €15,005 | €2,463 | -€12,542 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,696 | €6,992 | -€26,704 | -79.3% |
| Other operating charges | 640/8 | €5,315 | €4,248 | -€1,067 | -20.1% |
| Non-recurring operating charges | 66A | - | €1,048 | +€1,048 | |
| Gross operating margin | 9900 | €27,277 | €9,682 | -€17,596 | -64.5% |
| Operating profit (loss) | 9901 | -€11,733 | -€2,606 | +€9,127 | +77.8% |
| Financial income | 75/76B | €1,017 | €2,683 | +€1,667 | +164% |
| Recurring financial income | 75 | €1,017 | €2,683 | +€1,667 | +164% |
| Financial charges | 65/66B | €153 | €126 | -€27 | -17.5% |
| Recurring financial charges | 65 | €153 | €126 | -€27 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,869 | -€48 | +€10,820 | +99.6% |
| Profit (loss) for the period | 9904 | -€10,869 | -€48 | +€10,820 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,869 | -€48 | +€10,820 | +99.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.