DE VESELEER: 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.
DE VESELEER
Largest movements
- Receivables within one year -€13,188
down €13,188 (-29.1%), from €45,381 to €32,193
of which Trade receivables: -€14,503
- Tangible fixed assets -€7,889
down €7,889 (-2.9%), from €269,715 to €261,826
of which Land and buildings: -€5,379
- Debts after one year -€11,551
down €11,551 (-7.0%), from €165,591 to €154,040
of which Financial debts: -€6,563
- Profit (loss) carried forward -€6,029
down €6,029 (-20.7%), from -€29,140 to -€35,169
- Gross operating margin -€15,405
down €15,405 (-69.7%), from €22,100 to €6,695
- Depreciation -€7,408
down €7,408 (-44.1%), from €16,797 to €9,389
- Taxes +€1,673
no longer reported in 2025 (was -€1,673)
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 | €356,226 | €339,667 | -€16,559 | -4.6% |
| Fixed assets | 21/28 | €271,720 | €262,331 | -€9,389 | -3.5% |
| Intangible fixed assets | 21 | €1,500 | - | -€1,500 | |
| Tangible fixed assets | 22/27 | €269,715 | €261,826 | -€7,889 | -2.9% |
| Land and buildings | 22 | €259,545 | €254,166 | -€5,379 | -2.1% |
| Plant, machinery and equipment | 23 | €8,923 | €7,031 | -€1,892 | -21.2% |
| Furniture and vehicles | 24 | €1,247 | €628 | -€618 | -49.6% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €84,506 | €77,336 | -€7,170 | -8.5% |
| Stocks and contracts in progress | 3 | €26,547 | €29,827 | +€3,280 | +12.4% |
| Stocks | 30/36 | €26,547 | €29,827 | +€3,280 | +12.4% |
| Amounts receivable within one year | 40/41 | €45,381 | €32,193 | -€13,188 | -29.1% |
| Trade receivables | 40 | €44,527 | €30,025 | -€14,503 | -32.6% |
| Other amounts receivable | 41 | €854 | €2,169 | +€1,315 | +154% |
| Cash at bank and in hand | 54/58 | €12,578 | €13,912 | +€1,334 | +10.6% |
| Deferred charges and accrued income | 490/1 | - | €1,404 | +€1,404 | |
| Total equity and liabilities | 10/49 | €356,226 | €339,667 | -€16,559 | -4.6% |
| Equity | 10/15 | €174,757 | €168,728 | -€6,029 | -3.4% |
| Contributions | 10/11 | €203,000 | €203,000 | = | 0.0% |
| Capital | 10 | €203,000 | - | -€203,000 | |
| Issued capital | 100 | €203,000 | - | -€203,000 | |
| Reserves | 13 | €896 | €896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €896 | €896 | = | 0.0% |
| Legal reserve | 130 | €896 | - | -€896 | |
| Reserves not available under the articles | 1311 | - | €896 | +€896 | |
| Profit (loss) carried forward | 14 | -€29,140 | -€35,169 | -€6,029 | -20.7% |
| Amounts payable | 17/49 | €181,469 | €170,939 | -€10,530 | -5.8% |
| Amounts payable after more than one year | 17 | €165,591 | €154,040 | -€11,551 | -7.0% |
| Financial debts | 170/4 | €29,249 | €22,687 | -€6,563 | -22.4% |
| Other amounts payable | 178/9 | €136,342 | €131,354 | -€4,988 | -3.7% |
| Amounts payable within one year | 42/48 | €15,878 | €16,899 | +€1,021 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €6,563 | €6,563 | = | 0.0% |
| Financial debts | 43 | - | €2,512 | +€2,512 | |
| Credit institutions | 430/8 | - | €2,512 | +€2,512 | |
| Trade debts | 44 | €9,315 | €7,824 | -€1,491 | -16.0% |
| Suppliers | 440/4 | €9,315 | €7,824 | -€1,491 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,797 | €9,389 | -€7,408 | -44.1% |
| Other operating charges | 640/8 | €2,127 | €2,264 | +€137 | +6.4% |
| Gross operating margin | 9900 | €22,100 | €6,695 | -€15,405 | -69.7% |
| Operating profit (loss) | 9901 | €3,175 | -€4,958 | -€8,133 | |
| Financial income | 75/76B | €8 | €58 | +€51 | +646% |
| Recurring financial income | 75 | €8 | €58 | +€51 | +646% |
| Financial charges | 65/66B | €1,342 | €1,129 | -€213 | -15.9% |
| Recurring financial charges | 65 | €1,342 | €1,129 | -€213 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €1,841 | -€6,029 | -€7,870 | |
| Income taxes | 67/77 | -€1,673 | - | +€1,673 | |
| Profit (loss) for the period | 9904 | €3,514 | -€6,029 | -€9,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,514 | -€6,029 | -€9,543 |
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 15 October 2026 via checked.be.