VAN DE VEIRE: 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.
VAN DE VEIRE
Largest movements
- Financial fixed assets -€93,700
no longer reported in 2025 (was €93,700)
- Tangible fixed assets +€78,198
up €78,198 (+474.7%), from €16,473 to €94,672
of which Plant, machinery and equipment: +€49,781
- Cash +€52,552
up €52,552, from €0 to €52,552
mainly Other debts (+€117,383) and Trade debts (+€58,814)
- Stocks and contracts +€29,311
new in 2025: €29,311
- Receivables within one year +€16,263
up €16,263 (+49.8%), from €32,668 to €48,931
of which Other amounts receivable: +€12,968
- Other debts +€117,383
up €117,383 (+286.1%), from €41,028 to €158,411
- Profit (loss) carried forward -€79,346
down €79,346 (-181.7%), from -€43,662 to -€123,008
- Trade debts +€58,814
up €58,814 (+1137.8%), from €5,169 to €63,983
- Short-term financial debts -€9,198
no longer reported in 2025 (was €9,198)
- Debts after one year -€5,028
down €5,028 (-48.6%), from €10,346 to €5,318
- Financial charges +€92,959
up €92,959 (+3364.5%), from €2,763 to €95,722
of which Non-recurring financial charges: +€93,700
- Gross operating margin +€30,444
up €30,444, from -€370 to €30,074
- Other operating charges -€13,340
down €13,340 (-83.2%), from €16,025 to €2,684
- Depreciation +€5,394
up €5,394 (+114.2%), from €4,724 to €10,118
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 | €142,841 | €225,466 | +€82,625 | +57.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €110,173 | €94,672 | -€15,502 | -14.1% |
| Tangible fixed assets | 22/27 | €16,473 | €94,672 | +€78,198 | +474.7% |
| Land and buildings | 22 | €16,473 | €29,222 | +€12,749 | +77.4% |
| Plant, machinery and equipment | 23 | €0 | €49,781 | +€49,781 | |
| Furniture and vehicles | 24 | €0 | €15,668 | +€15,668 | |
| Financial fixed assets | 28 | €93,700 | - | -€93,700 | |
| Current assets | 29/58 | €32,668 | €130,795 | +€98,127 | +300.4% |
| Stocks and contracts in progress | 3 | - | €29,311 | +€29,311 | |
| Stocks | 30/36 | - | €29,311 | +€29,311 | |
| Amounts receivable within one year | 40/41 | €32,668 | €48,931 | +€16,263 | +49.8% |
| Trade receivables | 40 | €1,338 | €4,634 | +€3,295 | +246.3% |
| Other amounts receivable | 41 | €31,329 | €44,297 | +€12,968 | +41.4% |
| Cash at bank and in hand | 54/58 | €0 | €52,552 | +€52,552 | |
| Total equity and liabilities | 10/49 | €142,841 | €225,466 | +€82,625 | +57.8% |
| Equity | 10/15 | €72,600 | -€6,746 | -€79,346 | |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €91,473 | €91,473 | = | 0.0% |
| Distributable reserves | 133 | €91,473 | €91,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,662 | -€123,008 | -€79,346 | -181.7% |
| Amounts payable | 17/49 | €70,241 | €232,212 | +€161,971 | +230.6% |
| Amounts payable after more than one year | 17 | €10,346 | €5,318 | -€5,028 | -48.6% |
| Financial debts | 170/4 | €10,346 | €5,318 | -€5,028 | -48.6% |
| Amounts payable within one year | 42/48 | €59,895 | €226,894 | +€166,999 | +278.8% |
| Current portion of amounts payable after more than one year | 42 | €4,500 | €4,500 | = | 0.0% |
| Financial debts | 43 | €9,198 | - | -€9,198 | |
| Credit institutions | 430/8 | €9,198 | - | -€9,198 | |
| Trade debts | 44 | €5,169 | €63,983 | +€58,814 | +1137.8% |
| Suppliers | 440/4 | €5,169 | €63,983 | +€58,814 | +1137.8% |
| Other amounts payable | 47/48 | €41,028 | €158,411 | +€117,383 | +286.1% |
| Remuneration, social security and pensions | 62 | - | €129 | +€129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,724 | €10,118 | +€5,394 | +114.2% |
| Other operating charges | 640/8 | €16,025 | €2,684 | -€13,340 | -83.2% |
| Gross operating margin | 9900 | -€370 | €30,074 | +€30,444 | |
| Operating profit (loss) | 9901 | -€21,119 | €17,142 | +€38,262 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €2,763 | €95,722 | +€92,959 | +3364.5% |
| Recurring financial charges | 65 | €2,763 | €2,022 | -€741 | -26.8% |
| Non-recurring financial charges | 66B | - | €93,700 | +€93,700 | |
| Profit (loss) for the period before taxes | 9903 | -€23,870 | -€78,579 | -€54,709 | -229.2% |
| Income taxes | 67/77 | €528 | €766 | +€238 | +45.1% |
| Profit (loss) for the period | 9904 | -€24,399 | -€79,346 | -€54,947 | -225.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,399 | -€79,346 | -€54,947 | -225.2% |
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 10 October 2026 via checked.be.