VECHRI: 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.
VECHRI
Largest movements
- Receivables within one year -€11,866
down €11,866 (-40.2%), from €29,529 to €17,662
of which Other amounts receivable: -€16,547
- Stocks and contracts -€3,563
down €3,563 (-55.6%), from €6,414 to €2,850
- Tangible fixed assets -€1,728
down €1,728 (-37.5%), from €4,602 to €2,874
of which Plant, machinery and equipment: -€1,204
- Cash +€1,464
up €1,464 (+425%), from €344 to €1,809
mainly Receivables within one year (+€11,866) and Net result for the year (+€4,153)
- Tax, wage and social debts -€12,738
down €12,738 (-46.1%), from €27,651 to €14,913
of which Taxes: -€8,838
- Trade debts -€5,355
down €5,355 (-51.9%), from €10,319 to €4,963
- Profit (loss) carried forward +€4,153
up €4,153 (+24.2%), from -€17,169 to -€13,016
- Current portion of long-term debt -€1,581
no longer reported in 2025 (was €1,581)
- Gross operating margin +€50,774
up €50,774, from -€42,295 to €8,479
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 | €42,842 | €27,320 | -€15,522 | -36.2% |
| Fixed assets | 21/28 | €4,602 | €2,874 | -€1,728 | -37.5% |
| Tangible fixed assets | 22/27 | €4,602 | €2,874 | -€1,728 | -37.5% |
| Plant, machinery and equipment | 23 | €2,918 | €1,714 | -€1,204 | -41.3% |
| Furniture and vehicles | 24 | €1,683 | €1,160 | -€524 | -31.1% |
| Current assets | 29/58 | €38,240 | €24,446 | -€13,794 | -36.1% |
| Stocks and contracts in progress | 3 | €6,414 | €2,850 | -€3,563 | -55.6% |
| Stocks | 30/36 | €6,414 | €2,850 | -€3,563 | -55.6% |
| Amounts receivable within one year | 40/41 | €29,529 | €17,662 | -€11,866 | -40.2% |
| Trade receivables | 40 | €576 | €5,256 | +€4,681 | +813% |
| Other amounts receivable | 41 | €28,953 | €12,406 | -€16,547 | -57.2% |
| Cash at bank and in hand | 54/58 | €344 | €1,809 | +€1,464 | +425% |
| Deferred charges and accrued income | 490/1 | €1,954 | €2,125 | +€171 | +8.7% |
| Total equity and liabilities | 10/49 | €42,842 | €27,320 | -€15,522 | -36.2% |
| Equity | 10/15 | €3,291 | €7,444 | +€4,153 | +126% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,169 | -€13,016 | +€4,153 | +24.2% |
| Amounts payable | 17/49 | €39,551 | €19,876 | -€19,675 | -49.7% |
| Amounts payable within one year | 42/48 | €39,551 | €19,876 | -€19,675 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €1,581 | - | -€1,581 | |
| Trade debts | 44 | €10,319 | €4,963 | -€5,355 | -51.9% |
| Suppliers | 440/4 | €10,319 | €4,963 | -€5,355 | -51.9% |
| Taxes, remuneration and social security | 45 | €27,651 | €14,913 | -€12,738 | -46.1% |
| Taxes | 450/3 | €23,751 | €14,913 | -€8,838 | -37.2% |
| Remuneration and social security | 454/9 | €3,900 | - | -€3,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | €1,728 | +€24 | +1.4% |
| Other operating charges | 640/8 | €1,373 | €1,597 | +€224 | +16.3% |
| Non-recurring operating charges | 66A | €30 | - | -€30 | |
| Gross operating margin | 9900 | -€42,295 | €8,479 | +€50,774 | |
| Operating profit (loss) | 9901 | -€45,401 | €5,154 | +€50,556 | |
| Financial income | 75/76B | €224 | €46 | -€178 | -79.6% |
| Recurring financial income | 75 | €224 | €46 | -€178 | -79.6% |
| Financial charges | 65/66B | €411 | €257 | -€153 | -37.4% |
| Recurring financial charges | 65 | €411 | €257 | -€153 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,588 | €4,943 | +€50,531 | |
| Income taxes | 67/77 | €726 | €790 | +€64 | +8.8% |
| Profit (loss) for the period | 9904 | -€46,314 | €4,153 | +€50,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,314 | €4,153 | +€50,467 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.