VEEHANDEL CMN: 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.
VEEHANDEL CMN
Largest movements
- Stocks and contracts -€130,200
down €130,200 (-49.0%), from €265,500 to €135,300
- Tangible fixed assets +€46,421
up €46,421 (+28.1%), from €165,241 to €211,661
of which Furniture and vehicles: +€57,491
- Cash +€27,894
up €27,894 (+55.9%), from €49,927 to €77,822
mainly Stocks and contracts (+€130,200) and Debts after one year (+€46,530)
- Receivables within one year -€9,954
down €9,954 (-8.8%), from €112,841 to €102,887
of which Trade receivables: -€10,059
- Trade debts -€112,534
down €112,534 (-62.5%), from €180,186 to €67,652
- Other debts -€65,713
down €65,713 (-19.7%), from €334,108 to €268,394
- Debts after one year +€46,530
up €46,530 (+172%), from €26,991 to €73,522
- Profit (loss) carried forward +€36,108
up €36,108 (+143%), from €25,332 to €61,440
- Tax, wage and social debts +€15,056
up €15,056 (+124%), from €12,159 to €27,214
of which Taxes: +€13,056
- Gross operating margin +€43,540
up €43,540 (+88.2%), from €49,359 to €92,899
- Depreciation +€11,343
up €11,343 (+48.4%), from €23,436 to €34,779
- Taxes +€10,296
up €10,296 (+272%), from €3,790 to €14,087
- Financial charges -€4,216
down €4,216 (-45.9%), from €9,180 to €4,965
- Other operating charges +€1,682
up €1,682 (+131%), from €1,289 to €2,970
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 | €597,896 | €532,321 | -€65,575 | -11.0% |
| Fixed assets | 21/28 | €165,241 | €211,661 | +€46,421 | +28.1% |
| Tangible fixed assets | 22/27 | €165,241 | €211,661 | +€46,421 | +28.1% |
| Plant, machinery and equipment | 23 | €129,514 | €118,444 | -€11,070 | -8.5% |
| Furniture and vehicles | 24 | €35,726 | €93,217 | +€57,491 | +161% |
| Current assets | 29/58 | €432,656 | €320,660 | -€111,996 | -25.9% |
| Stocks and contracts in progress | 3 | €265,500 | €135,300 | -€130,200 | -49.0% |
| Stocks | 30/36 | €265,500 | €135,300 | -€130,200 | -49.0% |
| Amounts receivable within one year | 40/41 | €112,841 | €102,887 | -€9,954 | -8.8% |
| Trade receivables | 40 | €105,338 | €95,279 | -€10,059 | -9.5% |
| Other amounts receivable | 41 | €7,503 | €7,608 | +€105 | +1.4% |
| Cash at bank and in hand | 54/58 | €49,927 | €77,822 | +€27,894 | +55.9% |
| Deferred charges and accrued income | 490/1 | €4,387 | €4,652 | +€264 | +6.0% |
| Total equity and liabilities | 10/49 | €597,896 | €532,321 | -€65,575 | -11.0% |
| Equity | 10/15 | €35,332 | €71,440 | +€36,108 | +102% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,332 | €61,440 | +€36,108 | +143% |
| Amounts payable | 17/49 | €562,564 | €460,881 | -€101,683 | -18.1% |
| Amounts payable after more than one year | 17 | €26,991 | €73,522 | +€46,530 | +172% |
| Financial debts | 170/4 | €26,991 | €73,522 | +€46,530 | +172% |
| Amounts payable within one year | 42/48 | €535,573 | €387,359 | -€148,213 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €9,121 | €24,098 | +€14,978 | +164% |
| Trade debts | 44 | €180,186 | €67,652 | -€112,534 | -62.5% |
| Suppliers | 440/4 | €180,186 | €67,652 | -€112,534 | -62.5% |
| Taxes, remuneration and social security | 45 | €12,159 | €27,214 | +€15,056 | +124% |
| Taxes | 450/3 | €10,159 | €23,214 | +€13,056 | +129% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Other amounts payable | 47/48 | €334,108 | €268,394 | -€65,713 | -19.7% |
| Non-recurring operating income | 76A | €6,104 | - | -€6,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,436 | €34,779 | +€11,343 | +48.4% |
| Other operating charges | 640/8 | €1,289 | €2,970 | +€1,682 | +131% |
| Gross operating margin | 9900 | €49,359 | €92,899 | +€43,540 | +88.2% |
| Operating profit (loss) | 9901 | €24,634 | €55,149 | +€30,515 | +124% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €9,180 | €4,965 | -€4,216 | -45.9% |
| Recurring financial charges | 65 | €9,180 | €4,965 | -€4,216 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €15,454 | €50,195 | +€34,741 | +225% |
| Income taxes | 67/77 | €3,790 | €14,087 | +€10,296 | +272% |
| Profit (loss) for the period | 9904 | €11,664 | €36,108 | +€24,444 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €11,664 | €36,108 | +€24,444 | +210% |
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 26 October 2026 via checked.be.