De Veste: 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 Veste
Largest movements
- Stocks and contracts +€855,142
up €855,142 (+35.2%), from €2.4m to €3.3m
- Cash +€46,460
up €46,460 (+63.1%), from €73,684 to €120,144
mainly Debts after one year (+€741,015) and Trade debts (+€129,519)
- Debts after one year +€741,015
up €741,015 (+296.4%), from €250,000 to €991,015
- Trade debts +€129,519
up €129,519 (+171.5%), from €75,522 to €205,041
- Gross operating margin +€66,337
up €66,337, from -€19,813 to €46,524
- Other operating charges +€57,175
up €57,175 (+7290.1%), from €784 to €57,959
- Financial charges -€2,145
down €2,145 (-76.9%), from €2,789 to €644
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 | €2,551,671 | €3,426,884 | +€875,213 | +34.3% |
| Formation expenses | 20 | €2,143 | €1,520 | -€623 | -29.1% |
| Current assets | 29/58 | €2,549,528 | €3,425,364 | +€875,836 | +34.4% |
| Stocks and contracts in progress | 3 | €2,430,444 | €3,285,586 | +€855,142 | +35.2% |
| Stocks | 30/36 | €2,430,444 | €3,285,586 | +€855,142 | +35.2% |
| Amounts receivable within one year | 40/41 | €45,400 | €13,451 | -€31,950 | -70.4% |
| Trade receivables | 40 | €5,463 | €0 | -€5,463 | -100.0% |
| Other amounts receivable | 41 | €39,938 | €13,451 | -€26,487 | -66.3% |
| Cash at bank and in hand | 54/58 | €73,684 | €120,144 | +€46,460 | +63.1% |
| Deferred charges and accrued income | 490/1 | - | €6,184 | +€6,184 | |
| Total equity and liabilities | 10/49 | €2,551,671 | €3,426,884 | +€875,213 | +34.3% |
| Equity | 10/15 | €2,224,033 | €2,211,342 | -€12,691 | -0.6% |
| Contributions | 10/11 | €2,250,000 | €2,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,967 | -€38,658 | -€12,691 | -48.9% |
| Amounts payable | 17/49 | €327,637 | €1,215,541 | +€887,904 | +271.0% |
| Amounts payable after more than one year | 17 | €250,000 | €991,015 | +€741,015 | +296.4% |
| Financial debts | 170/4 | €250,000 | €991,015 | +€741,015 | +296.4% |
| Amounts payable within one year | 42/48 | €75,533 | €205,041 | +€129,508 | +171.5% |
| Trade debts | 44 | €75,522 | €205,041 | +€129,519 | +171.5% |
| Suppliers | 440/4 | €75,522 | €205,041 | +€129,519 | +171.5% |
| Other amounts payable | 47/48 | €11 | - | -€11 | |
| Accrued charges and deferred income | 492/3 | €2,104 | €19,485 | +€17,381 | +825.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €623 | = | 0.0% |
| Other operating charges | 640/8 | €784 | €57,959 | +€57,175 | +7290.1% |
| Gross operating margin | 9900 | -€19,813 | €46,524 | +€66,337 | |
| Operating profit (loss) | 9901 | -€21,221 | -€12,058 | +€9,163 | +43.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €2,789 | €644 | -€2,145 | -76.9% |
| Recurring financial charges | 65 | €2,789 | €644 | -€2,145 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,010 | -€12,691 | +€11,319 | +47.1% |
| Profit (loss) for the period | 9904 | -€24,010 | -€12,691 | +€11,319 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,010 | -€12,691 | +€11,319 | +47.1% |
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 4 October 2026 via checked.be.