VECO CONSTRUCT: what changed
VECO CONSTRUCT
Largest movements
- Receivables within one year -€27,833
down €27,833 (-53.1%), from €52,368 to €24,534
of which Trade receivables: -€28,565
- Cash -€1,828
down €1,828 (-7.4%), from €24,597 to €22,769
mainly Net result for the year (-€19,150) and Tax, wage and social debts (-€10,443)
- Tangible fixed assets -€1,531
down €1,531 (-53.8%), from €2,845 to €1,314
of which Plant, machinery and equipment: -€1,432
- Profit (loss) carried forward -€19,150
down €19,150 (-113%), from -€16,928 to -€36,078
- Tax, wage and social debts -€10,443
down €10,443 (-57.4%), from €18,197 to €7,753
of which Remuneration and social security: -€6,149
- Other debts -€1,093
down €1,093 (-11.8%), from €9,280 to €8,187
- Gross operating margin -€50,876
down €50,876, from €30,901 to -€19,975
- Staff costs -€35,605
down €35,605, from €31,907 to -€3,699
- Taxes -€2,103
down €2,103 (-100%), from €2,103 to €0
- Depreciation -€737
down €737 (-32.5%), from €2,269 to €1,531
- Financial charges +€630
up €630 (+263%), from €239 to €870
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,868 | €49,270 | -€30,598 | -38.3% |
| Fixed assets | 21/28 | €2,845 | €1,314 | -€1,531 | -53.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,845 | €1,314 | -€1,531 | -53.8% |
| Plant, machinery and equipment | 23 | €2,746 | €1,314 | -€1,432 | -52.2% |
| Furniture and vehicles | 24 | €99 | €0 | -€99 | -100% |
| Current assets | 29/58 | €77,023 | €47,956 | -€29,067 | -37.7% |
| Amounts receivable within one year | 40/41 | €52,368 | €24,534 | -€27,833 | -53.1% |
| Trade receivables | 40 | €52,368 | €23,802 | -€28,565 | -54.5% |
| Other amounts receivable | 41 | €0 | €732 | +€732 | |
| Cash at bank and in hand | 54/58 | €24,597 | €22,769 | -€1,828 | -7.4% |
| Deferred charges and accrued income | 490/1 | €58 | €652 | +€594 | +1,025% |
| Total equity and liabilities | 10/49 | €79,868 | €49,270 | -€30,598 | -38.3% |
| Equity | 10/15 | €43,210 | €24,060 | -€19,150 | -44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,538 | €41,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €41,438 | €41,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,928 | -€36,078 | -€19,150 | -113% |
| Amounts payable | 17/49 | €36,658 | €25,209 | -€11,448 | -31.2% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,658 | €20,209 | -€11,448 | -36.2% |
| Trade debts | 44 | €4,182 | €4,269 | +€87 | +2.1% |
| Suppliers | 440/4 | €4,182 | €4,269 | +€87 | +2.1% |
| Taxes, remuneration and social security | 45 | €18,197 | €7,753 | -€10,443 | -57.4% |
| Taxes | 450/3 | €7,548 | €3,253 | -€4,294 | -56.9% |
| Remuneration and social security | 454/9 | €10,649 | €4,500 | -€6,149 | -57.7% |
| Other amounts payable | 47/48 | €9,280 | €8,187 | -€1,093 | -11.8% |
| Remuneration, social security and pensions | 62 | €31,907 | -€3,699 | -€35,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,269 | €1,531 | -€737 | -32.5% |
| Other operating charges | 640/8 | €218 | €472 | +€254 | +117% |
| Gross operating margin | 9900 | €30,901 | -€19,975 | -€50,876 | |
| Operating profit (loss) | 9901 | -€3,492 | -€18,280 | -€14,788 | -423% |
| Financial income | 75/76B | €0 | €0 | -€0 | -72.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -72.7% |
| Financial charges | 65/66B | €239 | €870 | +€630 | +263% |
| Recurring financial charges | 65 | €239 | €870 | +€630 | +263% |
| Profit (loss) for the period before taxes | 9903 | -€3,732 | -€19,150 | -€15,418 | -413% |
| Income taxes | 67/77 | €2,103 | €0 | -€2,103 | -100% |
| Profit (loss) for the period | 9904 | -€5,835 | -€19,150 | -€13,315 | -228% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,835 | -€19,150 | -€13,315 | -228% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.