VEEG CONSTRUCT: 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.
VEEG CONSTRUCT
Largest movements
- Cash -€26,214
down €26,214 (-60.6%), from €43,245 to €17,031
mainly Contributions, distributions and other (-€40,000) and Receivables within one year (-€22,264)
- Receivables within one year +€22,264
up €22,264 (+100.0%), from €22,272 to €44,535
of which Trade receivables: +€19,829
- Tangible fixed assets -€3,489
down €3,489 (-51.7%), from €6,754 to €3,264
- Deferred charges and accrued income +€1,742
up €1,742 (+63.3%), from €2,753 to €4,495
- Trade debts -€15,459
down €15,459 (-84.3%), from €18,347 to €2,888
- Tax, wage and social debts +€14,651
up €14,651 (+193.9%), from €7,558 to €22,209
- Other debts -€3,531
down €3,531 (-8.1%), from €43,689 to €40,158
- Profit (loss) carried forward -€1,358
down €1,358 (-43.4%), from €3,129 to €1,771
- Gross operating margin +€40,555
up €40,555 (+179.2%), from €22,632 to €63,187
- Taxes +€17,916
up €17,916 (+1407.9%), from €1,273 to €19,189
- Depreciation -€11,202
down €11,202 (-85.6%), from €13,087 to €1,885
- Other operating charges +€862
up €862 (+44.1%), from €1,953 to €2,814
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 | €75,223 | €69,526 | -€5,698 | -7.6% |
| Fixed assets | 21/28 | €6,954 | €3,464 | -€3,489 | -50.2% |
| Tangible fixed assets | 22/27 | €6,754 | €3,264 | -€3,489 | -51.7% |
| Furniture and vehicles | 24 | €6,754 | €3,264 | -€3,489 | -51.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €68,270 | €66,061 | -€2,208 | -3.2% |
| Amounts receivable within one year | 40/41 | €22,272 | €44,535 | +€22,264 | +100.0% |
| Trade receivables | 40 | €15,792 | €35,621 | +€19,829 | +125.6% |
| Other amounts receivable | 41 | €6,480 | €8,914 | +€2,435 | +37.6% |
| Cash at bank and in hand | 54/58 | €43,245 | €17,031 | -€26,214 | -60.6% |
| Deferred charges and accrued income | 490/1 | €2,753 | €4,495 | +€1,742 | +63.3% |
| Total equity and liabilities | 10/49 | €75,223 | €69,526 | -€5,698 | -7.6% |
| Equity | 10/15 | €5,629 | €4,271 | -€1,358 | -24.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,129 | €1,771 | -€1,358 | -43.4% |
| Amounts payable | 17/49 | €69,594 | €65,255 | -€4,339 | -6.2% |
| Amounts payable within one year | 42/48 | €69,594 | €65,255 | -€4,339 | -6.2% |
| Trade debts | 44 | €18,347 | €2,888 | -€15,459 | -84.3% |
| Suppliers | 440/4 | €18,347 | €2,888 | -€15,459 | -84.3% |
| Taxes, remuneration and social security | 45 | €7,558 | €22,209 | +€14,651 | +193.9% |
| Taxes | 450/3 | €7,558 | €22,209 | +€14,651 | +193.9% |
| Other amounts payable | 47/48 | €43,689 | €40,158 | -€3,531 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,087 | €1,885 | -€11,202 | -85.6% |
| Other operating charges | 640/8 | €1,953 | €2,814 | +€862 | +44.1% |
| Non-recurring operating charges | 66A | - | €605 | +€605 | |
| Gross operating margin | 9900 | €22,632 | €63,187 | +€40,555 | +179.2% |
| Operating profit (loss) | 9901 | €7,593 | €57,884 | +€50,291 | +662.4% |
| Financial income | 75/76B | €264 | - | -€264 | |
| Recurring financial income | 75 | €264 | - | -€264 | |
| Financial charges | 65/66B | €353 | €53 | -€300 | -84.9% |
| Recurring financial charges | 65 | €353 | €53 | -€300 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €7,504 | €57,830 | +€50,326 | +670.7% |
| Income taxes | 67/77 | €1,273 | €19,189 | +€17,916 | +1407.9% |
| Profit (loss) for the period | 9904 | €6,231 | €38,642 | +€32,410 | +520.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,231 | €38,642 | +€32,410 | +520.1% |
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 7 October 2026 via checked.be.