VECO MACHINES: 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.
VECO MACHINES
Largest movements
- Cash +€119,916
up €119,916 (+55.3%), from €216,913 to €336,829
mainly Receivables within one year (+€98,833) and Depreciation (+€97,285)
- Receivables within one year -€98,833
down €98,833 (-67.9%), from €145,483 to €46,650
of which Trade receivables: -€99,229
- Tangible fixed assets -€54,789
down €54,789 (-15.1%), from €363,351 to €308,562
of which Land and buildings: -€38,634
- Debts after one year -€43,091
down €43,091 (-11.3%), from €382,707 to €339,616
- Reserves +€28,965
up €28,965 (+9.4%), from €307,608 to €336,573
of which Distributable reserves: +€28,965
- Trade debts -€15,371
down €15,371 (-18.1%), from €84,773 to €69,402
- Current portion of long-term debt -€9,922
down €9,922 (-17.8%), from €55,648 to €45,727
- Gross operating margin +€8,340
up €8,340 (+4.9%), from €170,998 to €179,338
- Depreciation +€4,433
up €4,433 (+4.8%), from €92,852 to €97,285
- Financial income -€2,628
down €2,628 (-41.3%), from €6,357 to €3,729
- Staff costs -€2,351
down €2,351 (-7.2%), from €32,465 to €30,114
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 | €875,183 | €828,495 | -€46,688 | -5.3% |
| Fixed assets | 21/28 | €391,040 | €328,476 | -€62,563 | -16.0% |
| Intangible fixed assets | 21 | €22,579 | €14,804 | -€7,775 | -34.4% |
| Tangible fixed assets | 22/27 | €363,351 | €308,562 | -€54,789 | -15.1% |
| Land and buildings | 22 | €231,272 | €192,638 | -€38,634 | -16.7% |
| Plant, machinery and equipment | 23 | €4,928 | €2,443 | -€2,485 | -50.4% |
| Furniture and vehicles | 24 | €127,151 | €113,482 | -€13,669 | -10.8% |
| Financial fixed assets | 28 | €5,110 | €5,110 | = | 0.0% |
| Current assets | 29/58 | €484,143 | €500,019 | +€15,876 | +3.3% |
| Stocks and contracts in progress | 3 | €118,003 | €114,830 | -€3,173 | -2.7% |
| Stocks | 30/36 | €118,003 | €114,830 | -€3,173 | -2.7% |
| Amounts receivable within one year | 40/41 | €145,483 | €46,650 | -€98,833 | -67.9% |
| Trade receivables | 40 | €145,483 | €46,254 | -€99,229 | -68.2% |
| Other amounts receivable | 41 | - | €396 | +€396 | |
| Cash at bank and in hand | 54/58 | €216,913 | €336,829 | +€119,916 | +55.3% |
| Deferred charges and accrued income | 490/1 | €3,744 | €1,709 | -€2,034 | -54.3% |
| Total equity and liabilities | 10/49 | €875,183 | €828,495 | -€46,688 | -5.3% |
| Equity | 10/15 | €326,208 | €355,173 | +€28,965 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,608 | €336,573 | +€28,965 | +9.4% |
| Tax-exempt reserves | 132 | €49,891 | €49,891 | = | 0.0% |
| Distributable reserves | 133 | €257,717 | €286,682 | +€28,965 | +11.2% |
| Amounts payable | 17/49 | €548,975 | €473,323 | -€75,652 | -13.8% |
| Amounts payable after more than one year | 17 | €382,707 | €339,616 | -€43,091 | -11.3% |
| Financial debts | 170/4 | €382,707 | €339,616 | -€43,091 | -11.3% |
| Amounts payable within one year | 42/48 | €166,268 | €133,707 | -€32,561 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €55,648 | €45,727 | -€9,922 | -17.8% |
| Trade debts | 44 | €84,773 | €69,402 | -€15,371 | -18.1% |
| Suppliers | 440/4 | €84,773 | €69,402 | -€15,371 | -18.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,047 | €16,779 | -€7,268 | -30.2% |
| Taxes | 450/3 | €16,993 | €11,140 | -€5,853 | -34.4% |
| Remuneration and social security | 454/9 | €7,054 | €5,639 | -€1,415 | -20.1% |
| Other amounts payable | 47/48 | €1,800 | €1,800 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Remuneration, social security and pensions | 62 | €32,465 | €30,114 | -€2,351 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,852 | €97,285 | +€4,433 | +4.8% |
| Other operating charges | 640/8 | €8,418 | €8,981 | +€563 | +6.7% |
| Gross operating margin | 9900 | €170,998 | €179,338 | +€8,340 | +4.9% |
| Operating profit (loss) | 9901 | €37,263 | €42,958 | +€5,694 | +15.3% |
| Financial income | 75/76B | €6,357 | €3,729 | -€2,628 | -41.3% |
| Recurring financial income | 75 | €6,357 | €3,729 | -€2,628 | -41.3% |
| Financial charges | 65/66B | €4,277 | €3,264 | -€1,014 | -23.7% |
| Recurring financial charges | 65 | €4,277 | €3,264 | -€1,014 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €39,343 | €43,423 | +€4,080 | +10.4% |
| Income taxes | 67/77 | €13,274 | €14,459 | +€1,185 | +8.9% |
| Profit (loss) for the period | 9904 | €26,070 | €28,965 | +€2,895 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,070 | €28,965 | +€2,895 | +11.1% |
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 20 October 2026 via checked.be.