DE VEERMAN: what changed
Two fiscal 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.
DE VEERMAN
Largest movements
- Current investments +€181,847
new in 2025: €181,847
- Cash -€143,215
down €143,215 (-48.3%), from €296,548 to €153,333
mainly Current investments (-€181,847) and Investment in fixed assets (net) (-€14,744)
- Receivables within one year -€37,270
down €37,270 (-42.3%), from €88,196 to €50,926
of which Other amounts receivable: -€29,432
- Intangible fixed assets +€4,033
new in 2025: €4,033
- Debts within one year +€25,411
up €25,411 (+29.9%), from €84,884 to €110,295
of which Trade debts: +€18,970
- Profit (loss) carried forward -€11,801
down €11,801 (-4.9%), from €238,722 to €226,921
- Accrued charges and deferred income -€5,632
down €5,632 (-67.3%), from €8,372 to €2,740
- Investment grants -€4,000
no longer reported in 2025 (was €4,000)
- Gross operating margin -€43,163
down €43,163 (-11.4%), from €378,062 to €334,899
- Purchases and services +€40,806
up €40,806 (+12.3%), from €331,755 to €372,561
- Staff costs +€34,946
up €34,946 (+11.9%), from €292,981 to €327,927
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.
Cash bridge derived
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 | €393,722 | €397,700 | +€3,978 | +1.0% |
| Fixed assets | 21/28 | €6,595 | €10,562 | +€3,967 | +60.2% |
| Intangible fixed assets | 21 | - | €4,033 | +€4,033 | |
| Tangible fixed assets | 22/27 | €6,595 | €6,529 | -€66 | -1.0% |
| Plant, machinery and equipment | 23 | €453 | - | -€453 | |
| Furniture and vehicles | 24 | €1,516 | €6,529 | +€5,013 | +330.7% |
| Other tangible fixed assets | 26 | €4,626 | - | -€4,626 | |
| Current assets | 29/58 | €387,127 | €387,138 | +€11 | 0.0% |
| Amounts receivable within one year | 40/41 | €88,196 | €50,926 | -€37,270 | -42.3% |
| Trade receivables | 40 | €14,374 | €6,536 | -€7,838 | -54.5% |
| Other amounts receivable | 41 | €73,822 | €44,390 | -€29,432 | -39.9% |
| Current investments | 50/53 | - | €181,847 | +€181,847 | |
| Cash at bank and in hand | 54/58 | €296,548 | €153,333 | -€143,215 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,383 | €1,032 | -€1,351 | -56.7% |
| Total equity and liabilities | 10/49 | €393,722 | €397,700 | +€3,978 | +1.0% |
| Equity | 10/15 | €300,466 | €284,665 | -€15,801 | -5.3% |
| Reserves | 13 | €57,744 | €57,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,722 | €226,921 | -€11,801 | -4.9% |
| Investment grants | 15 | €4,000 | - | -€4,000 | |
| Amounts payable | 17/49 | €93,256 | €113,035 | +€19,779 | +21.2% |
| Amounts payable within one year | 42/48 | €84,884 | €110,295 | +€25,411 | +29.9% |
| Trade debts | 44 | €47,959 | €66,929 | +€18,970 | +39.6% |
| Suppliers | 440/4 | €47,959 | €66,929 | +€18,970 | +39.6% |
| Taxes, remuneration and social security | 45 | €35,914 | €41,900 | +€5,986 | +16.7% |
| Taxes | 450/3 | - | €2,793 | +€2,793 | |
| Remuneration and social security | 454/9 | €35,914 | €39,107 | +€3,193 | +8.9% |
| Accrued charges and deferred income | 492/3 | €8,372 | €2,740 | -€5,632 | -67.3% |
| Turnover | 70 | €197,914 | €197,475 | -€439 | -0.2% |
| Non-recurring operating income | 76A | €9,404 | €548 | -€8,856 | -94.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €331,755 | €372,561 | +€40,806 | +12.3% |
| Remuneration, social security and pensions | 62 | €292,981 | €327,927 | +€34,946 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,157 | €10,777 | -€1,380 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €396 | - | -€396 | |
| Other operating charges | 640/8 | €6,825 | €6,600 | -€225 | -3.3% |
| Non-recurring operating charges | 66A | €8,842 | €1,815 | -€7,027 | -79.5% |
| Gross operating margin | 9900 | €378,062 | €334,899 | -€43,163 | -11.4% |
| Operating profit (loss) | 9901 | €56,861 | -€12,220 | -€69,081 | |
| Financial income | 75/76B | €1,085 | €799 | -€286 | -26.4% |
| Recurring financial income | 75 | €1,085 | €799 | -€286 | -26.4% |
| Financial charges | 65/66B | €202 | €380 | +€178 | +88.1% |
| Recurring financial charges | 65 | €202 | €380 | +€178 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €57,744 | -€11,801 | -€69,545 | |
| Profit (loss) for the period | 9904 | €57,744 | -€11,801 | -€69,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,744 | -€11,801 | -€69,545 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.