Algemene Veemesterijen: 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.
Algemene Veemesterijen
Largest movements
- Tangible fixed assets -€36,021
down €36,021 (-9.3%), from €388,229 to €352,208
of which Land and buildings: -€33,837
- Receivables within one year +€16,803
up €16,803 (+75.0%), from €22,418 to €39,221
of which Other amounts receivable: +€18,352
- Cash +€12,005
up €12,005 (+201%), from €5,983 to €17,987
mainly Depreciation (+€37,771) and Net result for the year (+€8,098)
- Revaluation surpluses -€12,192
down €12,192 (-6.5%), from €188,971 to €176,779
- Reserves +€12,192
up €12,192 (+4.9%), from €247,942 to €260,134
of which Distributable reserves: +€12,192
- Profit (loss) carried forward +€8,098
up €8,098 (+18.5%), from -€43,820 to -€35,722
- Gross operating margin +€20,850
up €20,850 (+57.2%), from €36,469 to €57,319
- Taxes +€5,455
up €5,455 (+1,373%), from €397 to €5,852
- Financial income -€1,813
down €1,813 (-53.9%), from €3,364 to €1,551
- Depreciation +€1,637
up €1,637 (+4.5%), from €36,134 to €37,771
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 | €496,461 | €490,781 | -€5,680 | -1.1% |
| Fixed assets | 21/28 | €388,229 | €352,208 | -€36,021 | -9.3% |
| Tangible fixed assets | 22/27 | €388,229 | €352,208 | -€36,021 | -9.3% |
| Land and buildings | 22 | €366,756 | €332,919 | -€33,837 | -9.2% |
| Plant, machinery and equipment | 23 | €20,113 | €18,303 | -€1,810 | -9.0% |
| Furniture and vehicles | 24 | €1,360 | €987 | -€373 | -27.4% |
| Current assets | 29/58 | €108,231 | €138,572 | +€30,341 | +28.0% |
| Amounts receivable within one year | 40/41 | €22,418 | €39,221 | +€16,803 | +75.0% |
| Trade receivables | 40 | €7,488 | €5,939 | -€1,549 | -20.7% |
| Other amounts receivable | 41 | €14,931 | €33,282 | +€18,352 | +123% |
| Current investments | 50/53 | €75,234 | €75,234 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,983 | €17,987 | +€12,005 | +201% |
| Deferred charges and accrued income | 490/1 | €4,597 | €6,130 | +€1,533 | +33.3% |
| Total equity and liabilities | 10/49 | €496,461 | €490,781 | -€5,680 | -1.1% |
| Equity | 10/15 | €459,887 | €467,021 | +€7,134 | +1.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €188,971 | €176,779 | -€12,192 | -6.5% |
| Reserves | 13 | €247,942 | €260,134 | +€12,192 | +4.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €241,745 | €253,937 | +€12,192 | +5.0% |
| Profit (loss) carried forward | 14 | -€43,820 | -€35,722 | +€8,098 | +18.5% |
| Investment grants | 15 | €4,821 | €3,856 | -€964 | -20.0% |
| Amounts payable | 17/49 | €36,574 | €23,760 | -€12,813 | -35.0% |
| Amounts payable after more than one year | 17 | €11,322 | €7,284 | -€4,038 | -35.7% |
| Financial debts | 170/4 | €11,322 | €7,284 | -€4,038 | -35.7% |
| Amounts payable within one year | 42/48 | €25,252 | €16,476 | -€8,776 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €4,310 | €3,961 | -€350 | -8.1% |
| Trade debts | 44 | €8,561 | €4,780 | -€3,781 | -44.2% |
| Suppliers | 440/4 | €8,561 | €4,780 | -€3,781 | -44.2% |
| Taxes, remuneration and social security | 45 | €520 | - | -€520 | |
| Taxes | 450/3 | €520 | - | -€520 | |
| Other amounts payable | 47/48 | €11,860 | €7,735 | -€4,125 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,134 | €37,771 | +€1,637 | +4.5% |
| Other operating charges | 640/8 | €6,502 | €6,168 | -€334 | -5.1% |
| Gross operating margin | 9900 | €36,469 | €57,319 | +€20,850 | +57.2% |
| Operating profit (loss) | 9901 | -€6,167 | €13,380 | +€19,547 | |
| Financial income | 75/76B | €3,364 | €1,551 | -€1,813 | -53.9% |
| Recurring financial income | 75 | €3,364 | €1,551 | -€1,813 | -53.9% |
| Financial charges | 65/66B | €964 | €981 | +€17 | +1.8% |
| Recurring financial charges | 65 | €964 | €981 | +€17 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,767 | €13,950 | +€17,717 | |
| Income taxes | 67/77 | €397 | €5,852 | +€5,455 | +1,373% |
| Profit (loss) for the period | 9904 | -€4,164 | €8,098 | +€12,262 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,164 | €8,098 | +€12,262 |
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 20 October 2026 via checked.be.