VEECKELEC: 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.
VEECKELEC
Largest movements
- Cash -€12,071
down €12,071 (-82.0%), from €14,729 to €2,658
mainly Net result for the year (-€7,813) and Debts after one year (-€4,935)
- Tangible fixed assets -€5,770
down €5,770 (-46.1%), from €12,515 to €6,744
of which Furniture and vehicles: -€5,649
- Receivables within one year -€2,354
down €2,354 (-13.0%), from €18,083 to €15,729
of which Trade receivables: -€1,363
- Profit (loss) carried forward -€7,813
down €7,813 (-44.4%), from €17,601 to €9,787
- Debts after one year -€4,935
no longer reported in 2025 (was €4,935)
- Tax, wage and social debts -€3,259
down €3,259 (-56.7%), from €5,747 to €2,488
- Trade debts -€2,237
down €2,237 (-45.4%), from €4,929 to €2,692
- Other debts -€1,081
down €1,081 (-22.5%), from €4,810 to €3,729
- Gross operating margin -€9,222
down €9,222 (-83.8%), from €11,010 to €1,788
- Taxes -€643
down €643 (-73.1%), from €881 to €237
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 | €45,327 | €25,131 | -€20,196 | -44.6% |
| Fixed assets | 21/28 | €12,515 | €6,744 | -€5,770 | -46.1% |
| Tangible fixed assets | 22/27 | €12,515 | €6,744 | -€5,770 | -46.1% |
| Plant, machinery and equipment | 23 | €1,360 | €1,238 | -€122 | -9.0% |
| Furniture and vehicles | 24 | €11,155 | €5,506 | -€5,649 | -50.6% |
| Current assets | 29/58 | €32,812 | €18,387 | -€14,425 | -44.0% |
| Amounts receivable within one year | 40/41 | €18,083 | €15,729 | -€2,354 | -13.0% |
| Trade receivables | 40 | €17,092 | €15,729 | -€1,363 | -8.0% |
| Other amounts receivable | 41 | €992 | - | -€992 | |
| Cash at bank and in hand | 54/58 | €14,729 | €2,658 | -€12,071 | -82.0% |
| Total equity and liabilities | 10/49 | €45,327 | €25,131 | -€20,196 | -44.6% |
| Equity | 10/15 | €19,101 | €11,287 | -€7,813 | -40.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,601 | €9,787 | -€7,813 | -44.4% |
| Amounts payable | 17/49 | €26,226 | €13,844 | -€12,382 | -47.2% |
| Amounts payable after more than one year | 17 | €4,935 | - | -€4,935 | |
| Financial debts | 170/4 | €4,935 | - | -€4,935 | |
| Amounts payable within one year | 42/48 | €21,291 | €13,844 | -€7,447 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €5,806 | €4,935 | -€871 | -15.0% |
| Trade debts | 44 | €4,929 | €2,692 | -€2,237 | -45.4% |
| Suppliers | 440/4 | €4,929 | €2,692 | -€2,237 | -45.4% |
| Taxes, remuneration and social security | 45 | €5,747 | €2,488 | -€3,259 | -56.7% |
| Taxes | 450/3 | €5,747 | €2,488 | -€3,259 | -56.7% |
| Other amounts payable | 47/48 | €4,810 | €3,729 | -€1,081 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,642 | €6,596 | -€46 | -0.7% |
| Other operating charges | 640/8 | €149 | €88 | -€60 | -40.7% |
| Gross operating margin | 9900 | €11,010 | €1,788 | -€9,222 | -83.8% |
| Operating profit (loss) | 9901 | €4,220 | -€4,896 | -€9,116 | |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.4% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.4% |
| Financial charges | 65/66B | €2,581 | €2,680 | +€99 | +3.8% |
| Recurring financial charges | 65 | €2,581 | €2,680 | +€99 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €1,660 | -€7,576 | -€9,237 | |
| Income taxes | 67/77 | €881 | €237 | -€643 | -73.1% |
| Profit (loss) for the period | 9904 | €780 | -€7,813 | -€8,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €780 | -€7,813 | -€8,593 |
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 10 October 2026 via checked.be.