VEELOO: 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.
VEELOO
Largest movements
- Receivables within one year +€11,142
up €11,142 (+63.2%), from €17,626 to €28,768
of which Trade receivables: +€11,590
- Tangible fixed assets -€5,201
down €5,201 (-9.9%), from €52,694 to €47,493
of which Other tangible fixed assets: -€3,369
- Cash -€3,900
no longer reported in 2025 (was €3,900)
mainly Debts after one year (-€19,259) and Receivables within one year (-€11,142)
- Deferred charges and accrued income +€3,468
up €3,468 (+42.1%), from €8,236 to €11,704
- Debts after one year -€19,259
down €19,259 (-18.3%), from €105,047 to €85,789
- Short-term financial debts +€13,911
up €13,911 (+19.3%), from €71,950 to €85,861
of which Credit institutions: +€28,000
- Tax, wage and social debts +€8,971
up €8,971 (+46.8%), from €19,153 to €28,124
of which Remuneration and social security: +€4,642
- Trade debts -€3,793
down €3,793 (-11.6%), from €32,598 to €28,804
- Staff costs +€23,360
up €23,360 (+25.1%), from €93,026 to €116,386
- Gross operating margin +€20,227
up €20,227 (+17.2%), from €117,365 to €137,592
- Financial charges -€2,199
down €2,199 (-25.2%), from €8,713 to €6,514
- Depreciation +€1,552
up €1,552 (+19.0%), from €8,155 to €9,707
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.
Cash bridge derived
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 | €308,362 | €312,273 | +€3,911 | +1.3% |
| Fixed assets | 21/28 | €63,417 | €57,965 | -€5,451 | -8.6% |
| Intangible fixed assets | 21 | €1,723 | €1,473 | -€250 | -14.5% |
| Tangible fixed assets | 22/27 | €52,694 | €47,493 | -€5,201 | -9.9% |
| Plant, machinery and equipment | 23 | €5,693 | €6,559 | +€866 | +15.2% |
| Furniture and vehicles | 24 | €3,566 | €2,814 | -€752 | -21.1% |
| Leasing and similar rights | 25 | €6,142 | €4,196 | -€1,946 | -31.7% |
| Other tangible fixed assets | 26 | €37,293 | €33,924 | -€3,369 | -9.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €244,945 | €254,307 | +€9,362 | +3.8% |
| Stocks and contracts in progress | 3 | €215,183 | €213,835 | -€1,348 | -0.6% |
| Stocks | 30/36 | €215,183 | €213,835 | -€1,348 | -0.6% |
| Amounts receivable within one year | 40/41 | €17,626 | €28,768 | +€11,142 | +63.2% |
| Trade receivables | 40 | €13,847 | €25,437 | +€11,590 | +83.7% |
| Other amounts receivable | 41 | €3,779 | €3,330 | -€449 | -11.9% |
| Cash at bank and in hand | 54/58 | €3,900 | - | -€3,900 | |
| Deferred charges and accrued income | 490/1 | €8,236 | €11,704 | +€3,468 | +42.1% |
| Total equity and liabilities | 10/49 | €308,362 | €312,273 | +€3,911 | +1.3% |
| Equity | 10/15 | €63,682 | €65,783 | +€2,101 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,629 | €11,629 | = | 0.0% |
| Distributable reserves | 133 | €11,629 | €11,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,462 | €35,563 | +€2,101 | +6.3% |
| Amounts payable | 17/49 | €244,679 | €246,489 | +€1,810 | +0.7% |
| Amounts payable after more than one year | 17 | €105,047 | €85,789 | -€19,259 | -18.3% |
| Financial debts | 170/4 | €105,047 | €85,789 | -€19,259 | -18.3% |
| Amounts payable within one year | 42/48 | €139,632 | €160,701 | +€21,069 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €15,931 | €16,398 | +€467 | +2.9% |
| Financial debts | 43 | €71,950 | €85,861 | +€13,911 | +19.3% |
| Credit institutions | 430/8 | €55,000 | €83,000 | +€28,000 | +50.9% |
| Other loans | 439 | €16,950 | €2,861 | -€14,089 | -83.1% |
| Trade debts | 44 | €32,598 | €28,804 | -€3,793 | -11.6% |
| Suppliers | 440/4 | €32,598 | €28,804 | -€3,793 | -11.6% |
| Taxes, remuneration and social security | 45 | €19,153 | €28,124 | +€8,971 | +46.8% |
| Taxes | 450/3 | €6,428 | €10,756 | +€4,328 | +67.3% |
| Remuneration and social security | 454/9 | €12,725 | €17,368 | +€4,642 | +36.5% |
| Other amounts payable | 47/48 | - | €1,514 | +€1,514 | |
| Non-recurring operating income | 76A | €2,000 | €3,500 | +€1,500 | +75.0% |
| Remuneration, social security and pensions | 62 | €93,026 | €116,386 | +€23,360 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,155 | €9,707 | +€1,552 | +19.0% |
| Other operating charges | 640/8 | €2,341 | €2,351 | +€10 | +0.4% |
| Gross operating margin | 9900 | €117,365 | €137,592 | +€20,227 | +17.2% |
| Operating profit (loss) | 9901 | €13,843 | €9,148 | -€4,695 | -33.9% |
| Financial income | 75/76B | €246 | €483 | +€237 | +96.3% |
| Recurring financial income | 75 | €246 | €483 | +€237 | +96.3% |
| Financial charges | 65/66B | €8,713 | €6,514 | -€2,199 | -25.2% |
| Recurring financial charges | 65 | €8,713 | €6,514 | -€2,199 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €5,375 | €3,116 | -€2,259 | -42.0% |
| Income taxes | 67/77 | €1,176 | €1,015 | -€161 | -13.7% |
| Profit (loss) for the period | 9904 | €4,199 | €2,101 | -€2,098 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,199 | €2,101 | -€2,098 | -50.0% |
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 12 October 2026 via checked.be.