VEEHANDEL DE MEESTER: 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 DE MEESTER
Largest movements
- Tangible fixed assets +€89,530
up €89,530 (+49.5%), from €180,833 to €270,363
of which Furniture and vehicles: +€60,313
- Cash -€55,508
down €55,508 (-77.0%), from €72,071 to €16,563
mainly Investment in fixed assets (net) (-€155,235) and Receivables within one year (-€28,097)
- Receivables within one year +€28,097
up €28,097 (+35.2%), from €79,841 to €107,938
of which Trade receivables: +€22,542
- Trade debts +€42,556
up €42,556 (+186%), from €22,868 to €65,424
- Reserves +€33,400
up €33,400 (+17.6%), from €190,260 to €223,660
- Debts after one year -€18,750
down €18,750 (-42.9%), from €43,750 to €25,000
- Short-term financial debts +€18,010
up €18,010 (+86.8%), from €20,740 to €38,750
- Tax, wage and social debts -€13,033
down €13,033 (-93.5%), from €13,933 to €900
- Gross operating margin +€46,186
up €46,186 (+52.5%), from €88,002 to €134,189
- Depreciation +€16,106
up €16,106 (+32.5%), from €49,599 to €65,705
- Financial charges +€7,904
up €7,904 (+110%), from €7,216 to €15,120
- Taxes +€7,204
up €7,204 (+75.2%), from €9,585 to €16,789
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 | €389,029 | €451,684 | +€62,654 | +16.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €180,968 | €270,498 | +€89,530 | +49.5% |
| Tangible fixed assets | 22/27 | €180,833 | €270,363 | +€89,530 | +49.5% |
| Land and buildings | 22 | €22,730 | €52,062 | +€29,332 | +129% |
| Plant, machinery and equipment | 23 | €24,628 | €25,312 | +€685 | +2.8% |
| Furniture and vehicles | 24 | €128,482 | €188,795 | +€60,313 | +46.9% |
| Other tangible fixed assets | 26 | €4,993 | €4,194 | -€799 | -16.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €208,062 | €181,186 | -€26,876 | -12.9% |
| Stocks and contracts in progress | 3 | €50,680 | €52,222 | +€1,542 | +3.0% |
| Stocks | 30/36 | €50,680 | €52,222 | +€1,542 | +3.0% |
| Amounts receivable within one year | 40/41 | €79,841 | €107,938 | +€28,097 | +35.2% |
| Trade receivables | 40 | €79,841 | €102,383 | +€22,542 | +28.2% |
| Other amounts receivable | 41 | - | €5,555 | +€5,555 | |
| Cash at bank and in hand | 54/58 | €72,071 | €16,563 | -€55,508 | -77.0% |
| Deferred charges and accrued income | 490/1 | €5,469 | €4,462 | -€1,007 | -18.4% |
| Total equity and liabilities | 10/49 | €389,029 | €451,684 | +€62,654 | +16.1% |
| Equity | 10/15 | €285,661 | €319,070 | +€33,409 | +11.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €190,260 | €223,660 | +€33,400 | +17.6% |
| Distributable reserves | 133 | €190,260 | €223,660 | +€33,400 | +17.6% |
| Profit (loss) carried forward | 14 | €89,204 | €89,212 | +€9 | 0.0% |
| Amounts payable | 17/49 | €103,368 | €132,614 | +€29,246 | +28.3% |
| Amounts payable after more than one year | 17 | €43,750 | €25,000 | -€18,750 | -42.9% |
| Financial debts | 170/4 | €43,750 | €25,000 | -€18,750 | -42.9% |
| Amounts payable within one year | 42/48 | €59,618 | €107,614 | +€47,996 | +80.5% |
| Financial debts | 43 | €20,740 | €38,750 | +€18,010 | +86.8% |
| Credit institutions | 430/8 | €20,740 | €38,750 | +€18,010 | +86.8% |
| Trade debts | 44 | €22,868 | €65,424 | +€42,556 | +186% |
| Suppliers | 440/4 | €22,868 | €65,424 | +€42,556 | +186% |
| Taxes, remuneration and social security | 45 | €13,933 | €900 | -€13,033 | -93.5% |
| Taxes | 450/3 | €13,933 | €900 | -€13,033 | -93.5% |
| Other amounts payable | 47/48 | €2,077 | €2,540 | +€463 | +22.3% |
| Non-recurring operating income | 76A | €11,522 | €17,011 | +€5,489 | +47.6% |
| Remuneration, social security and pensions | 62 | €540 | - | -€540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,599 | €65,705 | +€16,106 | +32.5% |
| Other operating charges | 640/8 | €3,133 | €3,169 | +€36 | +1.2% |
| Gross operating margin | 9900 | €88,002 | €134,189 | +€46,186 | +52.5% |
| Operating profit (loss) | 9901 | €34,730 | €65,315 | +€30,584 | +88.1% |
| Financial income | 75/76B | €8 | €3 | -€5 | -63.8% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -63.8% |
| Financial charges | 65/66B | €7,216 | €15,120 | +€7,904 | +110% |
| Recurring financial charges | 65 | €7,216 | €15,120 | +€7,904 | +110% |
| Profit (loss) for the period before taxes | 9903 | €27,522 | €50,198 | +€22,676 | +82.4% |
| Income taxes | 67/77 | €9,585 | €16,789 | +€7,204 | +75.2% |
| Profit (loss) for the period | 9904 | €17,937 | €33,409 | +€15,471 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,937 | €33,409 | +€15,471 | +86.3% |
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 27 October 2026 via checked.be.