VEAMAA: 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.
VEAMAA
Largest movements
- Receivables within one year -€5,022
down €5,022 (-71.6%), from €7,011 to €1,989
of which Trade receivables: -€5,022
- Cash +€3,364
up €3,364 (+350%), from €961 to €4,326
mainly Receivables within one year (+€5,022) and Net result for the year (+€4,851)
- Other debts -€6,200
no longer reported in 2025 (was €6,200)
- Profit (loss) carried forward +€4,851
up €4,851 (+24.1%), from -€20,149 to -€15,298
- Tax, wage and social debts -€449
down €449 (-30.8%), from €1,461 to €1,011
- Trade debts +€141
new in 2025: €141
- Gross operating margin -€13,864
down €13,864 (-67.1%), from €20,659 to €6,795
- Taxes +€1,801
new in 2025: €1,801
- Staff costs -€1,763
no longer reported in 2025 (was €1,763)
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 | €7,972 | €6,315 | -€1,657 | -20.8% |
| Current assets | 29/58 | €7,972 | €6,315 | -€1,657 | -20.8% |
| Amounts receivable within one year | 40/41 | €7,011 | €1,989 | -€5,022 | -71.6% |
| Trade receivables | 40 | €6,111 | €1,089 | -€5,022 | -82.2% |
| Other amounts receivable | 41 | €900 | €900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €961 | €4,326 | +€3,364 | +350% |
| Total equity and liabilities | 10/49 | €7,972 | €6,315 | -€1,657 | -20.8% |
| Equity | 10/15 | €311 | €5,162 | +€4,851 | +1,560% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,149 | -€15,298 | +€4,851 | +24.1% |
| Amounts payable | 17/49 | €7,661 | €1,152 | -€6,508 | -85.0% |
| Amounts payable within one year | 42/48 | €7,661 | €1,152 | -€6,508 | -85.0% |
| Trade debts | 44 | - | €141 | +€141 | |
| Suppliers | 440/4 | - | €141 | +€141 | |
| Taxes, remuneration and social security | 45 | €1,461 | €1,011 | -€449 | -30.8% |
| Taxes | 450/3 | €1,461 | €1,011 | -€449 | -30.8% |
| Other amounts payable | 47/48 | €6,200 | - | -€6,200 | |
| Remuneration, social security and pensions | 62 | €1,763 | - | -€1,763 | |
| Gross operating margin | 9900 | €20,659 | €6,795 | -€13,864 | -67.1% |
| Operating profit (loss) | 9901 | €18,896 | €6,795 | -€12,101 | -64.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €50 | €142 | +€92 | +185% |
| Recurring financial charges | 65 | €50 | €142 | +€92 | +185% |
| Profit (loss) for the period before taxes | 9903 | €18,846 | €6,652 | -€12,194 | -64.7% |
| Income taxes | 67/77 | - | €1,801 | +€1,801 | |
| Profit (loss) for the period | 9904 | €18,846 | €4,851 | -€13,995 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,846 | €4,851 | -€13,995 | -74.3% |
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 18 October 2026 via checked.be.