Veel-Voudig: 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.
Veel-Voudig
Largest movements
- Tangible fixed assets +€77,181
up €77,181 (+56.6%), from €136,301 to €213,482
of which Land and buildings: +€69,999
- Cash -€15,957
down €15,957 (-41.4%), from €38,583 to €22,626
mainly Investment in fixed assets (net) (-€89,655) and Receivables within one year (-€4,559)
- Receivables within one year +€4,559
up €4,559 (+35.0%), from €13,034 to €17,592
of which Trade receivables: +€5,661
- Debts after one year +€40,392
up €40,392 (+38.1%), from €105,885 to €146,277
- Profit (loss) carried forward +€22,298
up €22,298 (+130%), from €17,130 to €39,428
- Tax, wage and social debts +€3,117
up €3,117 (+92.1%), from €3,385 to €6,502
- Gross operating margin +€13,891
up €13,891 (+43.0%), from €32,269 to €46,160
- Depreciation +€5,711
up €5,711 (+84.5%), from €6,762 to €12,474
- Financial charges +€2,719
up €2,719 (+91.8%), from €2,961 to €5,681
- Other operating charges +€769
up €769 (+50.3%), from €1,530 to €2,299
- Taxes -€477
down €477 (-12.3%), from €3,886 to €3,408
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 | €187,917 | €253,701 | +€65,783 | +35.0% |
| Fixed assets | 21/28 | €136,301 | €213,482 | +€77,181 | +56.6% |
| Tangible fixed assets | 22/27 | €136,301 | €213,482 | +€77,181 | +56.6% |
| Land and buildings | 22 | €136,301 | €206,300 | +€69,999 | +51.4% |
| Plant, machinery and equipment | 23 | - | €5,803 | +€5,803 | |
| Furniture and vehicles | 24 | - | €1,380 | +€1,380 | |
| Current assets | 29/58 | €51,617 | €40,219 | -€11,398 | -22.1% |
| Amounts receivable within one year | 40/41 | €13,034 | €17,592 | +€4,559 | +35.0% |
| Trade receivables | 40 | €11,919 | €17,580 | +€5,661 | +47.5% |
| Other amounts receivable | 41 | €1,114 | €12 | -€1,102 | -98.9% |
| Cash at bank and in hand | 54/58 | €38,583 | €22,626 | -€15,957 | -41.4% |
| Total equity and liabilities | 10/49 | €187,917 | €253,701 | +€65,783 | +35.0% |
| Equity | 10/15 | €17,230 | €39,528 | +€22,298 | +129% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,130 | €39,428 | +€22,298 | +130% |
| Amounts payable | 17/49 | €170,688 | €214,173 | +€43,485 | +25.5% |
| Amounts payable after more than one year | 17 | €105,885 | €146,277 | +€40,392 | +38.1% |
| Financial debts | 170/4 | €105,885 | €146,277 | +€40,392 | +38.1% |
| Amounts payable within one year | 42/48 | €64,803 | €67,896 | +€3,094 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €11,772 | €12,183 | +€411 | +3.5% |
| Trade debts | 44 | €815 | - | -€815 | |
| Suppliers | 440/4 | €815 | - | -€815 | |
| Taxes, remuneration and social security | 45 | €3,385 | €6,502 | +€3,117 | +92.1% |
| Taxes | 450/3 | €3,385 | €6,502 | +€3,117 | +92.1% |
| Other amounts payable | 47/48 | €48,830 | €49,211 | +€381 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,762 | €12,474 | +€5,711 | +84.5% |
| Other operating charges | 640/8 | €1,530 | €2,299 | +€769 | +50.3% |
| Gross operating margin | 9900 | €32,269 | €46,160 | +€13,891 | +43.0% |
| Operating profit (loss) | 9901 | €23,977 | €31,387 | +€7,410 | +30.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €2,961 | €5,681 | +€2,719 | +91.8% |
| Recurring financial charges | 65 | €2,961 | €5,681 | +€2,719 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | €21,016 | €25,706 | +€4,691 | +22.3% |
| Income taxes | 67/77 | €3,886 | €3,408 | -€477 | -12.3% |
| Profit (loss) for the period | 9904 | €17,130 | €22,298 | +€5,168 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,130 | €22,298 | +€5,168 | +30.2% |
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 24 October 2026 via checked.be.