VEAUDEVILLE: 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.
VEAUDEVILLE
Largest movements
- Receivables within one year -€117,591
down €117,591 (-26.0%), from €451,577 to €333,987
of which Trade receivables: -€115,635
- Tangible fixed assets -€65,918
down €65,918 (-46.1%), from €142,888 to €76,970
of which Furniture and vehicles: -€51,269
- Intangible fixed assets -€16,002
down €16,002 (-13.7%), from €116,616 to €100,613
- Debts after one year -€55,641
down €55,641 (-60.5%), from €91,974 to €36,333
- Short-term financial debts -€54,284
down €54,284 (-59.6%), from €91,097 to €36,813
- Tax, wage and social debts -€51,523
down €51,523 (-37.2%), from €138,618 to €87,094
of which Remuneration and social security: -€50,722
- Trade debts -€19,760
down €19,760 (-17.6%), from €112,161 to €92,401
- Current portion of long-term debt -€11,237
down €11,237 (-18.1%), from €62,022 to €50,786
- Staff costs -€157,826
down €157,826 (-33.4%), from €472,088 to €314,262
- Gross operating margin -€120,268
down €120,268 (-22.7%), from €529,301 to €409,033
- Taxes -€15,373
down €15,373 (-97.4%), from €15,791 to €418
- Depreciation -€13,210
down €13,210 (-16.5%), from €80,124 to €66,915
- Financial charges +€5,886
up €5,886 (+49.9%), from €11,808 to €17,694
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €725,610 | €528,273 | -€197,337 | -27.2% |
| Fixed assets | 21/28 | €260,734 | €177,913 | -€82,821 | -31.8% |
| Intangible fixed assets | 21 | €116,616 | €100,613 | -€16,002 | -13.7% |
| Tangible fixed assets | 22/27 | €142,888 | €76,970 | -€65,918 | -46.1% |
| Land and buildings | 22 | €2,651 | €2,121 | -€530 | -20.0% |
| Plant, machinery and equipment | 23 | €845 | €4,226 | +€3,381 | +400.2% |
| Furniture and vehicles | 24 | €69,392 | €18,123 | -€51,269 | -73.9% |
| Leasing and similar rights | 25 | €70,000 | €52,500 | -€17,500 | -25.0% |
| Financial fixed assets | 28 | €1,230 | €330 | -€900 | -73.2% |
| Current assets | 29/58 | €464,877 | €350,360 | -€114,516 | -24.6% |
| Amounts receivable within one year | 40/41 | €451,577 | €333,987 | -€117,591 | -26.0% |
| Trade receivables | 40 | €448,177 | €332,542 | -€115,635 | -25.8% |
| Other amounts receivable | 41 | €3,400 | €1,444 | -€1,956 | -57.5% |
| Cash at bank and in hand | 54/58 | €2,411 | €1,324 | -€1,087 | -45.1% |
| Deferred charges and accrued income | 490/1 | €10,888 | €15,050 | +€4,162 | +38.2% |
| Total equity and liabilities | 10/49 | €725,610 | €528,273 | -€197,337 | -27.2% |
| Equity | 10/15 | €216,189 | €220,039 | +€3,849 | +1.8% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,411 | €1,439 | +€3,849 | |
| Amounts payable | 17/49 | €509,421 | €308,234 | -€201,186 | -39.5% |
| Amounts payable after more than one year | 17 | €91,974 | €36,333 | -€55,641 | -60.5% |
| Financial debts | 170/4 | €91,974 | €36,333 | -€55,641 | -60.5% |
| Amounts payable within one year | 42/48 | €417,447 | €271,901 | -€145,546 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €62,022 | €50,786 | -€11,237 | -18.1% |
| Financial debts | 43 | €91,097 | €36,813 | -€54,284 | -59.6% |
| Credit institutions | 430/8 | €91,097 | €36,813 | -€54,284 | -59.6% |
| Trade debts | 44 | €112,161 | €92,401 | -€19,760 | -17.6% |
| Suppliers | 440/4 | €112,161 | €92,401 | -€19,760 | -17.6% |
| Taxes, remuneration and social security | 45 | €138,618 | €87,094 | -€51,523 | -37.2% |
| Taxes | 450/3 | €57,401 | €56,600 | -€802 | -1.4% |
| Remuneration and social security | 454/9 | €81,216 | €30,495 | -€50,722 | -62.5% |
| Other amounts payable | 47/48 | €13,549 | €4,807 | -€8,742 | -64.5% |
| Non-recurring operating income | 76A | €0 | €823 | +€823 | |
| Remuneration, social security and pensions | 62 | €472,088 | €314,262 | -€157,826 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,124 | €66,915 | -€13,210 | -16.5% |
| Other operating charges | 640/8 | €2,950 | €5,932 | +€2,982 | +101.1% |
| Gross operating margin | 9900 | €529,301 | €409,033 | -€120,268 | -22.7% |
| Operating profit (loss) | 9901 | -€25,861 | €21,925 | +€47,786 | |
| Financial income | 75/76B | €185 | €37 | -€148 | -80.2% |
| Recurring financial income | 75 | €185 | €37 | -€148 | -80.2% |
| Financial charges | 65/66B | €11,808 | €17,694 | +€5,886 | +49.9% |
| Recurring financial charges | 65 | €11,808 | €17,694 | +€5,886 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,483 | €4,268 | +€41,751 | |
| Income taxes | 67/77 | €15,791 | €418 | -€15,373 | -97.4% |
| Profit (loss) for the period | 9904 | -€53,274 | €3,849 | +€57,124 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,274 | €3,849 | +€57,124 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.