A - VECO: 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.
A - VECO
Largest movements
- Tangible fixed assets -€213,791
down €213,791 (-93.8%), from €227,802 to €14,011
of which Land and buildings: -€225,791
- Receivables within one year -€37,398
down €37,398 (-62.5%), from €59,836 to €22,438
of which Trade receivables: -€42,054
- Stocks and contracts -€31,172
down €31,172 (-75.6%), from €41,210 to €10,038
- Cash +€4,308
new in 2024: €4,308
mainly Investment in fixed assets (net) (+€212,019) and Receivables within one year (+€37,398)
- Debts after one year -€137,743
no longer reported in 2024 (was €137,743)
- Profit (loss) carried forward -€54,873
down €54,873 (-55.1%), from -€99,595 to -€154,468
- Short-term financial debts -€29,619
no longer reported in 2024 (was €29,619)
- Other debts -€27,413
down €27,413 (-17.4%), from €157,543 to €130,130
- Current portion of long-term debt -€22,807
no longer reported in 2024 (was €22,807)
- Gross operating margin +€62,180
up €62,180 (+135%), from €45,905 to €108,085
- Depreciation -€51,805
down €51,805 (-95.5%), from €54,274 to €2,469
- Financial charges -€5,192
down €5,192 (-48.5%), from €10,712 to €5,520
- Other operating charges +€3,602
up €3,602 (+38.5%), from €9,367 to €12,969
- Write-downs +€1,081
new in 2024: €1,081
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,398 | €54,576 | -€278,822 | -83.6% |
| Fixed assets | 21/28 | €230,517 | €16,029 | -€214,488 | -93.0% |
| Intangible fixed assets | 21 | €2,716 | €2,019 | -€697 | -25.7% |
| Tangible fixed assets | 22/27 | €227,802 | €14,011 | -€213,791 | -93.8% |
| Land and buildings | 22 | €225,791 | - | -€225,791 | |
| Plant, machinery and equipment | 23 | €2,011 | €956 | -€1,055 | -52.5% |
| Furniture and vehicles | 24 | - | €13,055 | +€13,055 | |
| Current assets | 29/58 | €102,881 | €38,547 | -€64,334 | -62.5% |
| Stocks and contracts in progress | 3 | €41,210 | €10,038 | -€31,172 | -75.6% |
| Stocks | 30/36 | €41,210 | €10,038 | -€31,172 | -75.6% |
| Amounts receivable within one year | 40/41 | €59,836 | €22,438 | -€37,398 | -62.5% |
| Trade receivables | 40 | €51,814 | €9,760 | -€42,054 | -81.2% |
| Other amounts receivable | 41 | €8,022 | €12,679 | +€4,656 | +58.0% |
| Cash at bank and in hand | 54/58 | - | €4,308 | +€4,308 | |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,763 | -€72 | -3.9% |
| Total equity and liabilities | 10/49 | €333,398 | €54,576 | -€278,822 | -83.6% |
| Equity | 10/15 | -€30,535 | -€85,409 | -€54,873 | -180% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €9,059 | €9,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €3,059 | €3,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,595 | -€154,468 | -€54,873 | -55.1% |
| Amounts payable | 17/49 | €363,933 | €139,985 | -€223,949 | -61.5% |
| Amounts payable after more than one year | 17 | €137,743 | - | -€137,743 | |
| Financial debts | 170/4 | €137,743 | - | -€137,743 | |
| Amounts payable within one year | 42/48 | €226,190 | €139,985 | -€86,206 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €22,807 | - | -€22,807 | |
| Financial debts | 43 | €29,619 | - | -€29,619 | |
| Credit institutions | 430/8 | €29,619 | - | -€29,619 | |
| Trade debts | 44 | €6,105 | €9,855 | +€3,749 | +61.4% |
| Suppliers | 440/4 | €6,105 | €9,855 | +€3,749 | +61.4% |
| Taxes, remuneration and social security | 45 | €10,116 | - | -€10,116 | |
| Taxes | 450/3 | €10,116 | - | -€10,116 | |
| Other amounts payable | 47/48 | €157,543 | €130,130 | -€27,413 | -17.4% |
| Non-recurring operating income | 76A | - | €189,286 | +€189,286 | |
| Remuneration, social security and pensions | 62 | €451 | €121 | -€329 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,274 | €2,469 | -€51,805 | -95.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,081 | +€1,081 | |
| Other operating charges | 640/8 | €9,367 | €12,969 | +€3,602 | +38.5% |
| Non-recurring operating charges | 66A | - | €140,800 | +€140,800 | |
| Gross operating margin | 9900 | €45,905 | €108,085 | +€62,180 | +135% |
| Operating profit (loss) | 9901 | -€18,186 | -€49,355 | -€31,168 | -171% |
| Financial income | 75/76B | €1,025 | €1 | -€1,024 | -99.9% |
| Recurring financial income | 75 | €1,025 | €1 | -€1,024 | -99.9% |
| Financial charges | 65/66B | €10,712 | €5,520 | -€5,192 | -48.5% |
| Recurring financial charges | 65 | €10,712 | €5,520 | -€5,192 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,873 | -€54,873 | -€27,000 | -96.9% |
| Profit (loss) for the period | 9904 | -€27,873 | -€54,873 | -€27,000 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,873 | -€54,873 | -€27,000 | -96.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.