Het Veer: 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.
Het Veer
Largest movements
- Cash +€4,662
up €4,662 (+235.1%), from €1,983 to €6,644
mainly Accrued charges and deferred income (+€5,631) and Depreciation (+€5,276)
- Tangible fixed assets -€4,564
down €4,564 (-26.2%), from €17,440 to €12,876
of which Furniture and vehicles: -€3,661
- Receivables within one year +€4,394
up €4,394 (+120.9%), from €3,633 to €8,027
of which Trade receivables: +€3,277
- Formation expenses -€711
down €711 (-24.4%), from €2,922 to €2,210
- Accrued charges and deferred income +€5,631
up €5,631 (+259.6%), from €2,169 to €7,800
- Trade debts -€3,847
down €3,847 (-68.6%), from €5,610 to €1,763
- Profit (loss) carried forward +€3,447
up €3,447 (+6.1%), from -€56,835 to -€53,388
- Debts after one year -€2,615
down €2,615 (-5.0%), from €52,742 to €50,127
- Other debts +€1,418
up €1,418 (+74.3%), from €1,909 to €3,326
- Gross operating margin +€57,164
up €57,164, from -€45,406 to €11,757
- Other operating charges -€1,299
down €1,299 (-56.6%), from €2,293 to €994
- Financial charges -€937
down €937 (-31.5%), from €2,978 to €2,041
- Depreciation -€742
down €742 (-12.3%), from €6,018 to €5,276
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 | €30,178 | €33,957 | +€3,780 | +12.5% |
| Formation expenses | 20 | €2,922 | €2,210 | -€711 | -24.4% |
| Fixed assets | 21/28 | €21,640 | €17,076 | -€4,564 | -21.1% |
| Tangible fixed assets | 22/27 | €17,440 | €12,876 | -€4,564 | -26.2% |
| Land and buildings | 22 | €2,754 | €2,097 | -€657 | -23.9% |
| Plant, machinery and equipment | 23 | €934 | €688 | -€246 | -26.3% |
| Furniture and vehicles | 24 | €13,752 | €10,091 | -€3,661 | -26.6% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €5,616 | €14,672 | +€9,056 | +161.3% |
| Amounts receivable within one year | 40/41 | €3,633 | €8,027 | +€4,394 | +120.9% |
| Trade receivables | 40 | €3,633 | €6,911 | +€3,277 | +90.2% |
| Other amounts receivable | 41 | - | €1,117 | +€1,117 | |
| Cash at bank and in hand | 54/58 | €1,983 | €6,644 | +€4,662 | +235.1% |
| Total equity and liabilities | 10/49 | €30,178 | €33,957 | +€3,780 | +12.5% |
| Equity | 10/15 | -€36,835 | -€33,388 | +€3,447 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,835 | -€53,388 | +€3,447 | +6.1% |
| Amounts payable | 17/49 | €67,013 | €67,345 | +€333 | +0.5% |
| Amounts payable after more than one year | 17 | €52,742 | €50,127 | -€2,615 | -5.0% |
| Financial debts | 170/4 | €52,742 | €50,127 | -€2,615 | -5.0% |
| Amounts payable within one year | 42/48 | €12,101 | €9,418 | -€2,684 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €2,494 | €2,615 | +€121 | +4.8% |
| Trade debts | 44 | €5,610 | €1,763 | -€3,847 | -68.6% |
| Suppliers | 440/4 | €5,610 | €1,763 | -€3,847 | -68.6% |
| Taxes, remuneration and social security | 45 | €2,088 | €1,714 | -€375 | -17.9% |
| Taxes | 450/3 | €1,963 | €1,714 | -€250 | -12.7% |
| Remuneration and social security | 454/9 | €125 | - | -€125 | |
| Other amounts payable | 47/48 | €1,909 | €3,326 | +€1,418 | +74.3% |
| Accrued charges and deferred income | 492/3 | €2,169 | €7,800 | +€5,631 | +259.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,018 | €5,276 | -€742 | -12.3% |
| Other operating charges | 640/8 | €2,293 | €994 | -€1,299 | -56.6% |
| Gross operating margin | 9900 | -€45,406 | €11,757 | +€57,164 | |
| Operating profit (loss) | 9901 | -€53,717 | €5,487 | +€59,204 | |
| Financial income | 75/76B | €8 | €1 | -€7 | -84.4% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -84.4% |
| Financial charges | 65/66B | €2,978 | €2,041 | -€937 | -31.5% |
| Recurring financial charges | 65 | €2,978 | €2,041 | -€937 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€56,687 | €3,447 | +€60,134 | |
| Income taxes | 67/77 | €148 | - | -€148 | |
| Profit (loss) for the period | 9904 | -€56,835 | €3,447 | +€60,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,835 | €3,447 | +€60,282 |
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 8 October 2026 via checked.be.