VEEDEECEE: what changed
Two fiscal 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.
VEEDEECEE
Largest movements
- Receivables within one year +€81,075
up €81,075 (+111.3%), from €72,815 to €153,890
of which Trade receivables: +€84,210
- Cash +€19,675
up €19,675 (+307.5%), from €6,398 to €26,073
mainly Net result for the year (+€102,410) and Tax, wage and social debts (+€17,478)
- Reserves +€102,410
up €102,410 (+444.5%), from €23,040 to €125,450
- Debts after one year -€18,706
down €18,706 (-17.5%), from €107,053 to €88,347
- Tax, wage and social debts +€17,478
up €17,478 (+787.5%), from €2,219 to €19,698
of which Taxes: +€17,567
- Gross operating margin +€102,295
up €102,295 (+319.7%), from €31,995 to €134,290
- Taxes +€21,712
up €21,712 (+370.2%), from €5,865 to €27,577
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 | €155,601 | €257,088 | +€101,487 | +65.2% |
| Fixed assets | 21/28 | €75,000 | €75,000 | = | 0.0% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €80,601 | €182,088 | +€101,487 | +125.9% |
| Amounts receivable within one year | 40/41 | €72,815 | €153,890 | +€81,075 | +111.3% |
| Trade receivables | 40 | €9,680 | €93,890 | +€84,210 | +869.9% |
| Other amounts receivable | 41 | €63,135 | €60,000 | -€3,135 | -5.0% |
| Cash at bank and in hand | 54/58 | €6,398 | €26,073 | +€19,675 | +307.5% |
| Deferred charges and accrued income | 490/1 | €1,388 | €2,125 | +€736 | +53.0% |
| Total equity and liabilities | 10/49 | €155,601 | €257,088 | +€101,487 | +65.2% |
| Equity | 10/15 | €26,040 | €128,450 | +€102,410 | +393.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,040 | €125,450 | +€102,410 | +444.5% |
| Distributable reserves | 133 | €23,040 | €125,450 | +€102,410 | +444.5% |
| Amounts payable | 17/49 | €129,561 | €128,638 | -€923 | -0.7% |
| Amounts payable after more than one year | 17 | €107,053 | €88,347 | -€18,706 | -17.5% |
| Financial debts | 170/4 | €107,053 | €88,347 | -€18,706 | -17.5% |
| Amounts payable within one year | 42/48 | €22,151 | €39,846 | +€17,695 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €18,074 | €18,706 | +€632 | +3.5% |
| Trade debts | 44 | €242 | €442 | +€200 | +82.7% |
| Suppliers | 440/4 | €242 | €442 | +€200 | +82.7% |
| Taxes, remuneration and social security | 45 | €2,219 | €19,698 | +€17,478 | +787.5% |
| Taxes | 450/3 | €1,585 | €19,152 | +€17,567 | +1108.7% |
| Remuneration and social security | 454/9 | €635 | €546 | -€89 | -14.0% |
| Other amounts payable | 47/48 | €1,616 | €1,000 | -€616 | -38.1% |
| Accrued charges and deferred income | 492/3 | €356 | €445 | +€89 | +25.0% |
| Other operating charges | 640/8 | €153 | €232 | +€79 | +51.4% |
| Gross operating margin | 9900 | €31,995 | €134,290 | +€102,295 | +319.7% |
| Operating profit (loss) | 9901 | €31,842 | €134,058 | +€102,216 | +321.0% |
| Financial charges | 65/66B | €2,937 | €4,072 | +€1,135 | +38.6% |
| Recurring financial charges | 65 | €2,937 | €4,072 | +€1,135 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €28,905 | €129,987 | +€101,081 | +349.7% |
| Income taxes | 67/77 | €5,865 | €27,577 | +€21,712 | +370.2% |
| Profit (loss) for the period | 9904 | €23,040 | €102,410 | +€79,369 | +344.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,040 | €102,410 | +€79,369 | +344.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.