Van Veer & Co: 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 Veer & Co
Largest movements
- Stocks and contracts -€2.5m
down €2.5m (-88.4%), from €2.8m to €322,873
- Tangible fixed assets +€264,495
up €264,495 (+31,154%), from €849 to €265,344
of which Other tangible fixed assets: +€250,392
- Advances received -€2.0m
no longer reported in 2025 (was €2.0m)
- Current portion of long-term debt -€796,374
down €796,374 (-99.4%), from €801,324 to €4,950
- Debts after one year +€558,322
up €558,322 (+210%), from €265,264 to €823,586
- Financial charges -€42,410
down €42,410 (-69.5%), from €61,059 to €18,649
- Gross operating margin +€14,759
up €14,759 (+179%), from €8,258 to €23,017
- Taxes -€4,953
down €4,953 (-99.7%), from €4,966 to €13
- Financial income -€1,706
down €1,706 (-95.8%), from €1,781 to €75
- Other operating charges +€314
up €314 (+13.3%), from €2,356 to €2,670
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 | €2,789,765 | €611,608 | -€2.2m | -78.1% |
| Fixed assets | 21/28 | €849 | €265,344 | +€264,495 | +31,154% |
| Tangible fixed assets | 22/27 | €849 | €265,344 | +€264,495 | +31,154% |
| Land and buildings | 22 | - | €14,544 | +€14,544 | |
| Plant, machinery and equipment | 23 | €849 | €408 | -€441 | -51.9% |
| Other tangible fixed assets | 26 | - | €250,392 | +€250,392 | |
| Current assets | 29/58 | €2,788,916 | €346,264 | -€2.4m | -87.6% |
| Stocks and contracts in progress | 3 | €2,777,123 | €322,873 | -€2.5m | -88.4% |
| Stocks | 30/36 | €2,777,123 | €322,873 | -€2.5m | -88.4% |
| Amounts receivable within one year | 40/41 | €4,277 | €17,813 | +€13,536 | +316% |
| Trade receivables | 40 | €1,834 | - | -€1,834 | |
| Other amounts receivable | 41 | €2,443 | €17,813 | +€15,370 | +629% |
| Cash at bank and in hand | 54/58 | €7,516 | €3,347 | -€4,169 | -55.5% |
| Deferred charges and accrued income | 490/1 | - | €2,231 | +€2,231 | |
| Total equity and liabilities | 10/49 | €2,789,765 | €611,608 | -€2.2m | -78.1% |
| Equity | 10/15 | -€275,538 | -€274,220 | +€1,318 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,798 | -€288,480 | +€1,318 | +0.5% |
| Amounts payable | 17/49 | €3,065,303 | €885,828 | -€2.2m | -71.1% |
| Amounts payable after more than one year | 17 | €265,264 | €823,586 | +€558,322 | +210% |
| Other amounts payable | 178/9 | €265,264 | €823,586 | +€558,322 | +210% |
| Amounts payable within one year | 42/48 | €2,798,389 | €62,242 | -€2.7m | -97.8% |
| Current portion of amounts payable after more than one year | 42 | €801,324 | €4,950 | -€796,374 | -99.4% |
| Financial debts | 43 | €24,758 | - | -€24,758 | |
| Credit institutions | 430/8 | €24,758 | - | -€24,758 | |
| Trade debts | 44 | €14,965 | €36,646 | +€21,681 | +145% |
| Suppliers | 440/4 | €14,965 | €36,646 | +€21,681 | +145% |
| Advances received on contracts in progress | 46 | €1,952,253 | - | -€2.0m | |
| Taxes, remuneration and social security | 45 | €5,089 | €20,646 | +€15,557 | +306% |
| Taxes | 450/3 | €5,089 | €20,646 | +€15,557 | +306% |
| Accrued charges and deferred income | 492/3 | €1,650 | - | -€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €442 | = | 0.0% |
| Other operating charges | 640/8 | €2,356 | €2,670 | +€314 | +13.3% |
| Gross operating margin | 9900 | €8,258 | €23,017 | +€14,759 | +179% |
| Operating profit (loss) | 9901 | €5,460 | €19,905 | +€14,445 | +265% |
| Financial income | 75/76B | €1,781 | €75 | -€1,706 | -95.8% |
| Recurring financial income | 75 | €1,781 | €75 | -€1,706 | -95.8% |
| Financial charges | 65/66B | €61,059 | €18,649 | -€42,410 | -69.5% |
| Recurring financial charges | 65 | €61,059 | €18,649 | -€42,410 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,818 | €1,331 | +€55,149 | |
| Income taxes | 67/77 | €4,966 | €13 | -€4,953 | -99.7% |
| Profit (loss) for the period | 9904 | -€58,784 | €1,318 | +€60,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,784 | €1,318 | +€60,102 |
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 14 October 2026 via checked.be.