VEE MOTORHOMES: 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.
VEE MOTORHOMES
Largest movements
- Receivables within one year -€189,162
down €189,162 (-95.7%), from €197,702 to €8,540
- Cash -€101,814
down €101,814 (-27.1%), from €376,133 to €274,319
mainly Trade debts (-€180,485) and Tax, wage and social debts (-€124,025)
- Trade debts -€180,485
down €180,485 (-97.2%), from €185,669 to €5,185
- Tax, wage and social debts -€124,025
down €124,025 (-87.5%), from €141,724 to €17,699
of which Taxes: -€122,736
- Profit (loss) carried forward +€9,070
up €9,070 (+10.2%), from €89,254 to €98,324
- Gross operating margin -€186,839
down €186,839 (-71.0%), from €263,117 to €76,277
- Taxes -€61,581
down €61,581 (-95.0%), from €64,810 to €3,229
- Financial income -€28,100
down €28,100 (-98.8%), from €28,454 to €353
- Staff costs -€11,384
down €11,384 (-15.4%), from €73,758 to €62,374
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 | €579,988 | €285,805 | -€294,183 | -50.7% |
| Fixed assets | 21/28 | €4,347 | €2,946 | -€1,402 | -32.2% |
| Tangible fixed assets | 22/27 | €4,347 | €2,946 | -€1,402 | -32.2% |
| Plant, machinery and equipment | 23 | €791 | €528 | -€264 | -33.3% |
| Furniture and vehicles | 24 | €3,556 | €2,418 | -€1,138 | -32.0% |
| Current assets | 29/58 | €575,641 | €282,859 | -€292,782 | -50.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €197,702 | €8,540 | -€189,162 | -95.7% |
| Trade receivables | 40 | €197,702 | €8,540 | -€189,162 | -95.7% |
| Cash at bank and in hand | 54/58 | €376,133 | €274,319 | -€101,814 | -27.1% |
| Deferred charges and accrued income | 490/1 | €1,805 | €0 | -€1,805 | -100% |
| Total equity and liabilities | 10/49 | €579,988 | €285,805 | -€294,183 | -50.7% |
| Equity | 10/15 | €252,445 | €261,515 | +€9,070 | +3.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €151,190 | €151,190 | = | 0.0% |
| Distributable reserves | 133 | €151,190 | €151,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,254 | €98,324 | +€9,070 | +10.2% |
| Amounts payable | 17/49 | €327,543 | €24,290 | -€303,253 | -92.6% |
| Amounts payable within one year | 42/48 | €327,393 | €24,290 | -€303,103 | -92.6% |
| Trade debts | 44 | €185,669 | €5,185 | -€180,485 | -97.2% |
| Suppliers | 440/4 | €185,669 | €5,185 | -€180,485 | -97.2% |
| Taxes, remuneration and social security | 45 | €141,724 | €17,699 | -€124,025 | -87.5% |
| Taxes | 450/3 | €131,137 | €8,401 | -€122,736 | -93.6% |
| Remuneration and social security | 454/9 | €10,587 | €9,298 | -€1,289 | -12.2% |
| Other amounts payable | 47/48 | €0 | €1,406 | +€1,406 | |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100% |
| Remuneration, social security and pensions | 62 | €73,758 | €62,374 | -€11,384 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €1,402 | = | 0.0% |
| Gross operating margin | 9900 | €263,117 | €76,277 | -€186,839 | -71.0% |
| Operating profit (loss) | 9901 | €187,957 | €12,502 | -€175,455 | -93.3% |
| Financial income | 75/76B | €28,454 | €353 | -€28,100 | -98.8% |
| Recurring financial income | 75 | €28,454 | €353 | -€28,100 | -98.8% |
| Financial charges | 65/66B | €411 | €557 | +€146 | +35.4% |
| Recurring financial charges | 65 | €411 | €557 | +€146 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €216,000 | €12,299 | -€203,701 | -94.3% |
| Income taxes | 67/77 | €64,810 | €3,229 | -€61,581 | -95.0% |
| Profit (loss) for the period | 9904 | €151,190 | €9,070 | -€142,120 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,190 | €9,070 | -€142,120 | -94.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.