VEEKA-MUYLAERT: what changed
VEEKA-MUYLAERT
Largest movements
- Stocks and contracts -€66,785
down €66,785 (-65.6%), from €101,785 to €35,000
- Cash +€60,412
up €60,412 (+152%), from €39,628 to €100,040
mainly Trade debts (+€73,595) and Stocks and contracts (+€66,785)
- Receivables within one year -€41,010
down €41,010 (-14.5%), from €283,436 to €242,426
of which Trade receivables: -€41,228
- Tangible fixed assets +€32,391
up €32,391 (+8.3%), from €388,082 to €420,474
of which Land and buildings: +€31,073
- Other debts -€127,886
down €127,886 (-98.2%), from €130,182 to €2,296
- Trade debts +€73,595
up €73,595 (+24.5%), from €299,935 to €373,529
- Debts after one year +€27,025
up €27,025 (+8.3%), from €324,166 to €351,190
of which Financial debts: +€78,025
- Current portion of long-term debt +€12,393
up €12,393 (+47.5%), from €26,065 to €38,458
- Depreciation +€9,403
up €9,403 (+44.0%), from €21,373 to €30,776
- Gross operating margin +€8,674
up €8,674 (+20.4%), from €42,475 to €51,150
- Financial charges +€3,858
up €3,858 (+38.1%), from €10,128 to €13,986
- Taxes -€760
down €760 (-20.0%), from €3,801 to €3,040
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €815,100 | €799,444 | -€15,656 | -1.9% |
| Fixed assets | 21/28 | €388,082 | €420,474 | +€32,391 | +8.3% |
| Tangible fixed assets | 22/27 | €388,082 | €420,474 | +€32,391 | +8.3% |
| Land and buildings | 22 | €305,253 | €336,326 | +€31,073 | +10.2% |
| Plant, machinery and equipment | 23 | €32,963 | €29,464 | -€3,499 | -10.6% |
| Furniture and vehicles | 24 | €49,866 | €54,683 | +€4,817 | +9.7% |
| Current assets | 29/58 | €427,018 | €378,971 | -€48,047 | -11.3% |
| Stocks and contracts in progress | 3 | €101,785 | €35,000 | -€66,785 | -65.6% |
| Stocks | 30/36 | €101,785 | €35,000 | -€66,785 | -65.6% |
| Amounts receivable within one year | 40/41 | €283,436 | €242,426 | -€41,010 | -14.5% |
| Trade receivables | 40 | €283,254 | €242,026 | -€41,228 | -14.6% |
| Other amounts receivable | 41 | €182 | €400 | +€218 | +119% |
| Cash at bank and in hand | 54/58 | €39,628 | €100,040 | +€60,412 | +152% |
| Deferred charges and accrued income | 490/1 | €2,169 | €1,504 | -€664 | -30.6% |
| Total equity and liabilities | 10/49 | €815,100 | €799,444 | -€15,656 | -1.9% |
| Equity | 10/15 | €21,402 | €18,693 | -€2,708 | -12.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €10,821 | €10,821 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €8,321 | €8,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,420 | -€17,128 | -€2,708 | -18.8% |
| Amounts payable | 17/49 | €793,698 | €780,751 | -€12,948 | -1.6% |
| Amounts payable after more than one year | 17 | €324,166 | €351,190 | +€27,025 | +8.3% |
| Financial debts | 170/4 | €273,166 | €351,190 | +€78,025 | +28.6% |
| Other amounts payable | 178/9 | €51,000 | - | -€51,000 | |
| Amounts payable within one year | 42/48 | €469,533 | €429,561 | -€39,972 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €26,065 | €38,458 | +€12,393 | +47.5% |
| Trade debts | 44 | €299,935 | €373,529 | +€73,595 | +24.5% |
| Suppliers | 440/4 | €299,935 | €373,529 | +€73,595 | +24.5% |
| Taxes, remuneration and social security | 45 | €13,351 | €15,278 | +€1,926 | +14.4% |
| Taxes | 450/3 | €13,351 | €15,278 | +€1,926 | +14.4% |
| Other amounts payable | 47/48 | €130,182 | €2,296 | -€127,886 | -98.2% |
| Non-recurring operating income | 76A | €3,000 | €1,856 | -€1,144 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,373 | €30,776 | +€9,403 | +44.0% |
| Other operating charges | 640/8 | €5,842 | €6,095 | +€252 | +4.3% |
| Gross operating margin | 9900 | €42,475 | €51,150 | +€8,674 | +20.4% |
| Operating profit (loss) | 9901 | €15,260 | €14,279 | -€981 | -6.4% |
| Financial income | 75/76B | €7 | €39 | +€33 | +481% |
| Recurring financial income | 75 | €7 | €39 | +€33 | +481% |
| Financial charges | 65/66B | €10,128 | €13,986 | +€3,858 | +38.1% |
| Recurring financial charges | 65 | €10,128 | €13,986 | +€3,858 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €5,139 | €332 | -€4,807 | -93.5% |
| Income taxes | 67/77 | €3,801 | €3,040 | -€760 | -20.0% |
| Profit (loss) for the period | 9904 | €1,338 | -€2,708 | -€4,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,338 | -€2,708 | -€4,047 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.