VEEKAY: 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.
VEEKAY
Largest movements
- Intangible fixed assets +€1,998
new in 2025: €1,998
- Cash -€1,823
down €1,823 (-35.5%), from €5,139 to €3,317
mainly Investment in fixed assets (net) (-€2,000) and Other debts (-€1,533)
- Receivables within one year -€1,131
down €1,131 (-32.6%), from €3,467 to €2,336
of which Trade receivables: -€1,634
- Deferred charges and accrued income +€820
up €820, from €0 to €820
- Other debts -€1,533
down €1,533 (-91.1%), from €1,683 to €150
- Profit (loss) carried forward +€1,405
up €1,405 (+12.1%), from -€11,588 to -€10,182
- Tax, wage and social debts -€625
down €625 (-100%), from €625 to €0
- Trade debts +€617
up €617 (+46.3%), from €1,333 to €1,950
- Other operating charges +€251
up €251 (+48.9%), from €513 to €764
- Gross operating margin -€32
down €32 (-1.4%), from €2,316 to €2,284
- Financial charges +€29
up €29 (+34.9%), from €84 to €114
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 | €10,253 | €10,118 | -€135 | -1.3% |
| Fixed assets | 21/28 | - | €1,998 | +€1,998 | |
| Intangible fixed assets | 21 | - | €1,998 | +€1,998 | |
| Current assets | 29/58 | €10,253 | €8,120 | -€2,134 | -20.8% |
| Stocks and contracts in progress | 3 | €1,647 | €1,647 | = | 0.0% |
| Stocks | 30/36 | €1,647 | €1,647 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,467 | €2,336 | -€1,131 | -32.6% |
| Trade receivables | 40 | €3,467 | €1,833 | -€1,634 | -47.1% |
| Other amounts receivable | 41 | €0 | €503 | +€503 | |
| Cash at bank and in hand | 54/58 | €5,139 | €3,317 | -€1,823 | -35.5% |
| Deferred charges and accrued income | 490/1 | €0 | €820 | +€820 | |
| Total equity and liabilities | 10/49 | €10,253 | €10,118 | -€135 | -1.3% |
| Equity | 10/15 | €6,612 | €8,018 | +€1,405 | +21.3% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,588 | -€10,182 | +€1,405 | +12.1% |
| Amounts payable | 17/49 | €3,641 | €2,100 | -€1,541 | -42.3% |
| Amounts payable within one year | 42/48 | €3,641 | €2,100 | -€1,541 | -42.3% |
| Trade debts | 44 | €1,333 | €1,950 | +€617 | +46.3% |
| Suppliers | 440/4 | €1,333 | €1,950 | +€617 | +46.3% |
| Taxes, remuneration and social security | 45 | €625 | €0 | -€625 | -100% |
| Taxes | 450/3 | €625 | €0 | -€625 | -100% |
| Other amounts payable | 47/48 | €1,683 | €150 | -€1,533 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2 | +€2 | |
| Other operating charges | 640/8 | €513 | €764 | +€251 | +48.9% |
| Gross operating margin | 9900 | €2,316 | €2,284 | -€32 | -1.4% |
| Operating profit (loss) | 9901 | €1,803 | €1,518 | -€284 | -15.8% |
| Financial income | 75/76B | €6 | €1 | -€5 | -83.7% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -83.7% |
| Financial charges | 65/66B | €84 | €114 | +€29 | +34.9% |
| Recurring financial charges | 65 | €84 | €114 | +€29 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €1,724 | €1,405 | -€319 | -18.5% |
| Profit (loss) for the period | 9904 | €1,724 | €1,405 | -€319 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,724 | €1,405 | -€319 | -18.5% |
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 16 October 2026 via checked.be.