VEELAERT SYSTEMS ENGINEERING: 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.
VEELAERT SYSTEMS ENGINEERING
Largest movements
- Tangible fixed assets -€23,485
no longer reported in 2025 (was €23,485)
- Current investments +€17,573
up €17,573 (+18.6%), from €94,705 to €112,278
- Profit (loss) carried forward -€8,234
down €8,234 (-22.8%), from -€36,080 to -€44,314
- Other debts +€2,519
up €2,519 (+24.1%), from €10,462 to €12,980
- Depreciation -€14,091
no longer reported in 2025 (was €14,091)
- Gross operating margin +€12,040
up €12,040 (+54.6%), from -€22,050 to -€10,010
- Financial income +€832
up €832 (+51.8%), from €1,607 to €2,439
- Taxes -€761
down €761, from €458 to -€303
- Other operating charges -€291
down €291 (-23.2%), from €1,257 to €966
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 | €121,647 | €115,932 | -€5,715 | -4.7% |
| Fixed assets | 21/28 | €23,485 | - | -€23,485 | |
| Tangible fixed assets | 22/27 | €23,485 | - | -€23,485 | |
| Furniture and vehicles | 24 | €23,485 | - | -€23,485 | |
| Current assets | 29/58 | €98,162 | €115,932 | +€17,770 | +18.1% |
| Amounts receivable within one year | 40/41 | €2,375 | €2,827 | +€452 | +19.0% |
| Other amounts receivable | 41 | €2,375 | €2,827 | +€452 | +19.0% |
| Current investments | 50/53 | €94,705 | €112,278 | +€17,573 | +18.6% |
| Cash at bank and in hand | 54/58 | €1,082 | €827 | -€255 | -23.6% |
| Total equity and liabilities | 10/49 | €121,647 | €115,932 | -€5,715 | -4.7% |
| Equity | 10/15 | €111,131 | €102,896 | -€8,234 | -7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €128,618 | €128,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,153 | €12,153 | = | 0.0% |
| Distributable reserves | 133 | €114,606 | €114,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,080 | -€44,314 | -€8,234 | -22.8% |
| Amounts payable | 17/49 | €10,516 | €13,036 | +€2,520 | +24.0% |
| Amounts payable within one year | 42/48 | €10,516 | €13,036 | +€2,520 | +24.0% |
| Trade debts | 44 | €54 | €55 | +€1 | +1.8% |
| Suppliers | 440/4 | €54 | €55 | +€1 | +1.8% |
| Other amounts payable | 47/48 | €10,462 | €12,980 | +€2,519 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,091 | - | -€14,091 | |
| Other operating charges | 640/8 | €1,257 | €966 | -€291 | -23.2% |
| Gross operating margin | 9900 | -€22,050 | -€10,010 | +€12,040 | +54.6% |
| Operating profit (loss) | 9901 | -€37,397 | -€10,975 | +€26,422 | +70.7% |
| Financial income | 75/76B | €1,607 | €2,439 | +€832 | +51.8% |
| Recurring financial income | 75 | €1,607 | €2,439 | +€832 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,791 | -€8,537 | +€27,254 | +76.1% |
| Income taxes | 67/77 | €458 | -€303 | -€761 | |
| Profit (loss) for the period | 9904 | -€36,249 | -€8,234 | +€28,015 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,249 | -€8,234 | +€28,015 | +77.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.