VE UNLIMITED: what changed
What changed
VE UNLIMITED
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €2.6m+€2.2m
Equity
€18.1m
2024 · €29.9m-€11.8m
Cash
€6.4m
2024 · €7.4m-€992,825
Balance sheet total
€20.5m
2024 · €32.8m-€12.3m
Largest movements
Assets
- Current investments -€9.9m
down €9.9m (-54.9%), from €18.0m to €8.1m
- Receivables within one year -€2.0m
down €2.0m (-45.9%), from €4.3m to €2.3m
of which Other amounts receivable: -€2.0m
- Cash -€992,825
down €992,825 (-13.4%), from €7.4m to €6.4m
mainly Contributions, distributions and other (-€16.6m) and Investment in fixed assets (net) (-€488,392)
- Financial fixed assets +€450,000
up €450,000 (+36.5%), from €1.2m to €1.7m
of which Affiliated companies: +€450,000
Equity and liabilities
- Contributions -€16.6m
down €16.6m (-98.8%), from €16.8m to €195,654
- Reserves +€4.8m
up €4.8m (+36.4%), from €13.1m to €17.9m
of which Distributable reserves: +€4.8m
- Debts after one year -€460,425
down €460,425 (-30.4%), from €1.5m to €1.1m
Income statement
- Financial income +€2.9m
up €2.9m (+132%), from €2.2m to €5.2m
- Financial charges +€541,113
up €541,113, from -€279,558 to €261,555
- Turnover -€136,890
down €136,890 (-35.4%), from €386,890 to €250,000
- Taxes +€38,965
up €38,965 (+43.0%), from €90,699 to €129,664
of which Taxes: +€33,843
- Services and other goods +€24,526
up €24,526 (+11.1%), from €220,790 to €245,316
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.6m
Turnover
-€136,890
Other operating income
+€9,411
Services and other goods
-€24,526
Staff costs
+€1,894
Depreciation
-€2,684
Other operating charges
-€6,941
Financial income
+€2.9m
Financial charges
-€541,113
Taxes
-€38,965
Result 2025
€4.8m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6.6m
Investment
+€9.4m
Financing
-€17.0m
Cash 2024
€7.4m
From operations (derived)
+€6.6m
Net result for the year
+€4.8m
Depreciation
+€55,483
Receivables after one year
-€85,000
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€60,785
Smaller working-capital items
-€11,293
Other debts
-€47,347
Accrued charges and deferred income
+€43,238
Investment (derived)
+€9.4m
Investment in fixed assets (net)
-€488,392
Current investments
+€9.9m
Financing
-€17.0m
Debts after one year
-€460,425
Contributions, distributions and other
-€16.6m
Cash 2025
€6.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,793,600 | €20,533,596 | -€12.3m | -37.4% |
| Fixed assets | 21/28 | €3,094,441 | €3,527,349 | +€432,908 | +14.0% |
| Tangible fixed assets | 22/27 | €1,862,550 | €1,845,458 | -€17,092 | -0.9% |
| Land and buildings | 22 | €1,233,769 | €1,039,540 | -€194,230 | -15.7% |
| Plant, machinery and equipment | 23 | €2,588 | €942 | -€1,646 | -63.6% |
| Furniture and vehicles | 24 | €93,961 | €87,200 | -€6,761 | -7.2% |
| Other tangible fixed assets | 26 | €532,232 | €717,776 | +€185,545 | +34.9% |
| Financial fixed assets | 28 | €1,231,891 | €1,681,891 | +€450,000 | +36.5% |
| Affiliated companies | 280/1 | €1,231,891 | €1,681,891 | +€450,000 | +36.5% |
| Participating interests | 280 | €1,231,891 | €1,681,891 | +€450,000 | +36.5% |
| Companies linked by participating interests | 282/3 | €1 | €1 | = | 0.0% |
| Participating interests | 282 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €29,699,159 | €17,006,247 | -€12.7m | -42.7% |
| Amounts receivable after more than one year | 29 | - | €85,000 | +€85,000 | |
| Other amounts receivable | 291 | - | €85,000 | +€85,000 | |
| Amounts receivable within one year | 40/41 | €4,299,632 | €2,325,931 | -€2.0m | -45.9% |
| Trade receivables | 40 | €13,685 | - | -€13,685 | |
| Other amounts receivable | 41 | €4,285,947 | €2,325,931 | -€2.0m | -45.7% |
| Current investments | 50/53 | €17,967,851 | €8,095,680 | -€9.9m | -54.9% |
| Other investments | 51/53 | €17,967,851 | €8,095,680 | -€9.9m | -54.9% |
| Cash at bank and in hand | 54/58 | €7,429,965 | €6,437,139 | -€992,825 | -13.4% |
| Deferred charges and accrued income | 490/1 | €1,712 | €62,497 | +€60,785 | +3,551% |
| Total equity and liabilities | 10/49 | €32,793,600 | €20,533,596 | -€12.3m | -37.4% |
| Equity | 10/15 | €29,894,906 | €18,110,729 | -€11.8m | -39.4% |
| Contributions | 10/11 | €16,782,654 | €195,654 | -€16.6m | -98.8% |
| Revaluation surpluses | 12 | - | €24,100 | +€24,100 | |
| Reserves | 13 | €13,112,252 | €17,890,975 | +€4.8m | +36.4% |
| Tax-exempt reserves | 132 | €259,838 | €256,407 | -€3,431 | -1.3% |
| Distributable reserves | 133 | €12,852,414 | €17,634,568 | +€4.8m | +37.2% |
| Provisions and deferred taxes | 16 | €86,464 | €85,271 | -€1,193 | -1.4% |
| Deferred taxes | 168 | €86,464 | €85,271 | -€1,193 | -1.4% |
| Amounts payable | 17/49 | €2,812,230 | €2,337,597 | -€474,633 | -16.9% |
| Amounts payable after more than one year | 17 | €1,515,000 | €1,054,575 | -€460,425 | -30.4% |
| Other amounts payable | 178/9 | €1,515,000 | €1,054,575 | -€460,425 | -30.4% |
| Amounts payable within one year | 42/48 | €1,293,696 | €1,236,249 | -€57,447 | -4.4% |
| Trade debts | 44 | - | €29,165 | +€29,165 | |
| Suppliers | 440/4 | - | €29,165 | +€29,165 | |
| Taxes, remuneration and social security | 45 | €45,869 | €6,605 | -€39,264 | -85.6% |
| Taxes | 450/3 | €39,442 | - | -€39,442 | |
| Remuneration and social security | 454/9 | €6,426 | €6,605 | +€178 | +2.8% |
| Other amounts payable | 47/48 | €1,247,827 | €1,200,480 | -€47,347 | -3.8% |
| Accrued charges and deferred income | 492/3 | €3,535 | €46,773 | +€43,238 | +1,223% |
| Operating income | 70/76A | €480,054 | €352,576 | -€127,479 | -26.6% |
| Turnover | 70 | €386,890 | €250,000 | -€136,890 | -35.4% |
| Other operating income | 74 | €93,165 | €102,576 | +€9,411 | +10.1% |
| Operating charges | 60/66A | €323,317 | €355,573 | +€32,257 | +10.0% |
| Services and other goods | 61 | €220,790 | €245,316 | +€24,526 | +11.1% |
| Remuneration, social security and pensions | 62 | €38,920 | €37,025 | -€1,894 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,800 | €55,483 | +€2,684 | +5.1% |
| Other operating charges | 640/8 | €10,808 | €17,748 | +€6,941 | +64.2% |
| Operating profit (loss) | 9901 | €156,738 | -€2,998 | -€159,735 | |
| Financial income | 75/76B | €2,231,422 | €5,171,746 | +€2.9m | +132% |
| Recurring financial income | 75 | €2,231,422 | €5,171,746 | +€2.9m | +132% |
| Income from financial fixed assets | 750 | €1,627,734 | €2,370,623 | +€742,889 | +45.6% |
| Income from current assets | 751 | €602,803 | €2,713,925 | +€2.1m | +350% |
| Other financial income | 752/9 | €886 | €87,198 | +€86,312 | +9,742% |
| Financial charges | 65/66B | -€279,558 | €261,555 | +€541,113 | |
| Recurring financial charges | 65 | -€279,558 | €261,555 | +€541,113 | |
| Debt charges | 650 | €76,682 | - | -€76,682 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€405,324 | -€372,175 | +€33,149 | +8.2% |
| Other financial charges | 652/9 | €49,084 | €633,730 | +€584,646 | +1,191% |
| Profit (loss) for the period before taxes | 9903 | €2,667,718 | €4,907,193 | +€2.2m | +83.9% |
| Transfer from deferred taxes | 780 | €1,193 | €1,193 | = | 0.0% |
| Income taxes | 67/77 | €90,699 | €129,664 | +€38,965 | +43.0% |
| Taxes | 670/3 | €95,821 | €129,664 | +€33,843 | +35.3% |
| Tax adjustments and reversals of tax provisions | 77 | €5,123 | - | -€5,123 | |
| Profit (loss) for the period | 9904 | €2,578,213 | €4,778,723 | +€2.2m | +85.4% |
| Transfer from tax-exempt reserves | 789 | €3,431 | €3,431 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,581,644 | €4,782,154 | +€2.2m | +85.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.