Veamo - PM: 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.
Veamo - PM
Largest movements
- Receivables within one year +€134,849
up €134,849 (+8.6%), from €1.6m to €1.7m
of which Trade receivables: +€68,471
- Cash -€74,780
down €74,780 (-30.9%), from €242,361 to €167,581
mainly Receivables within one year (-€134,849) and Tax, wage and social debts (-€75,771)
- Profit (loss) carried forward +€93,317
up €93,317 (+28.7%), from €324,994 to €418,312
- Trade debts +€81,358
up €81,358 (+5.8%), from €1.4m to €1.5m
- Tax, wage and social debts -€75,771
down €75,771 (-81.9%), from €92,563 to €16,793
of which Taxes: -€77,204
- Other debts -€24,000
down €24,000 (-100.0%), from €24,000 to €0
- Gross operating margin -€248,100
down €248,100 (-63.0%), from €393,636 to €145,537
- Taxes -€79,624
down €79,624 (-72.5%), from €109,814 to €30,191
- Financial income -€20,071
down €20,071 (-97.2%), from €20,659 to €588
- Staff costs +€12,568
new in 2025: €12,568
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 | €1,834,469 | €1,909,373 | +€74,904 | +4.1% |
| Fixed assets | 21/28 | €13,582 | €26,443 | +€12,862 | +94.7% |
| Intangible fixed assets | 21 | €2,166 | €18,053 | +€15,887 | +733.5% |
| Tangible fixed assets | 22/27 | €11,416 | €8,390 | -€3,026 | -26.5% |
| Furniture and vehicles | 24 | €11,416 | €8,390 | -€3,026 | -26.5% |
| Current assets | 29/58 | €1,820,887 | €1,882,930 | +€62,043 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,572,311 | €1,707,160 | +€134,849 | +8.6% |
| Trade receivables | 40 | €1,365,097 | €1,433,568 | +€68,471 | +5.0% |
| Other amounts receivable | 41 | €207,214 | €273,592 | +€66,378 | +32.0% |
| Cash at bank and in hand | 54/58 | €242,361 | €167,581 | -€74,780 | -30.9% |
| Deferred charges and accrued income | 490/1 | €6,216 | €8,190 | +€1,974 | +31.8% |
| Total equity and liabilities | 10/49 | €1,834,469 | €1,909,373 | +€74,904 | +4.1% |
| Equity | 10/15 | €324,994 | €418,312 | +€93,317 | +28.7% |
| Profit (loss) carried forward | 14 | €324,994 | €418,312 | +€93,317 | +28.7% |
| Amounts payable | 17/49 | €1,509,475 | €1,491,062 | -€18,413 | -1.2% |
| Amounts payable within one year | 42/48 | €1,509,475 | €1,491,062 | -€18,413 | -1.2% |
| Trade debts | 44 | €1,392,911 | €1,474,269 | +€81,358 | +5.8% |
| Suppliers | 440/4 | €1,392,911 | €1,474,269 | +€81,358 | +5.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €92,563 | €16,793 | -€75,771 | -81.9% |
| Taxes | 450/3 | €92,563 | €15,359 | -€77,204 | -83.4% |
| Remuneration and social security | 454/9 | - | €1,433 | +€1,433 | |
| Other amounts payable | 47/48 | €24,000 | €0 | -€24,000 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €12,568 | +€12,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,891 | €6,890 | +€2,999 | +77.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €393,636 | €145,537 | -€248,100 | -63.0% |
| Operating profit (loss) | 9901 | €388,778 | €125,080 | -€263,698 | -67.8% |
| Financial income | 75/76B | €20,659 | €588 | -€20,071 | -97.2% |
| Recurring financial income | 75 | €20,659 | €588 | -€20,071 | -97.2% |
| Financial charges | 65/66B | €1,543 | €2,161 | +€618 | +40.0% |
| Recurring financial charges | 65 | €1,543 | €2,161 | +€618 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €407,894 | €123,508 | -€284,387 | -69.7% |
| Income taxes | 67/77 | €109,814 | €30,191 | -€79,624 | -72.5% |
| Profit (loss) for the period | 9904 | €298,080 | €93,317 | -€204,763 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €298,080 | €93,317 | -€204,763 | -68.7% |
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 9 October 2026 via checked.be.