VEELVOUD: 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.
VEELVOUD
Largest movements
- Tangible fixed assets -€28,953
down €28,953 (-11.3%), from €256,893 to €227,940
of which Land and buildings: -€21,158
- Debts after one year -€34,202
down €34,202 (-41.6%), from €82,239 to €48,037
- Other debts +€7,357
up €7,357 (+6.3%), from €115,997 to €123,354
- Profit (loss) carried forward +€6,327
up €6,327 (+0.7%), from -€860,773 to -€854,446
- Trade debts -€5,717
no longer reported in 2025 (was €5,717)
- Tax, wage and social debts -€5,107
down €5,107 (-8.5%), from €60,003 to €54,896
of which Taxes: -€3,634
- Gross operating margin -€40,535
down €40,535 (-40.2%), from €100,868 to €60,333
- Staff costs -€35,641
down €35,641 (-73.7%), from €48,358 to €12,718
- Depreciation -€24,713
down €24,713 (-46.0%), from €53,666 to €28,953
- Financial charges -€4,522
down €4,522 (-43.9%), from €10,292 to €5,770
- Other operating charges -€2,642
down €2,642 (-26.0%), from €10,151 to €7,509
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 | €333,128 | €301,730 | -€31,397 | -9.4% |
| Fixed assets | 21/28 | €256,893 | €227,940 | -€28,953 | -11.3% |
| Tangible fixed assets | 22/27 | €256,893 | €227,940 | -€28,953 | -11.3% |
| Land and buildings | 22 | €233,668 | €212,510 | -€21,158 | -9.1% |
| Plant, machinery and equipment | 23 | €4,546 | €878 | -€3,669 | -80.7% |
| Furniture and vehicles | 24 | €18,679 | €14,553 | -€4,126 | -22.1% |
| Current assets | 29/58 | €76,235 | €73,790 | -€2,444 | -3.2% |
| Stocks and contracts in progress | 3 | €42,979 | €41,048 | -€1,931 | -4.5% |
| Stocks | 30/36 | €42,979 | €41,048 | -€1,931 | -4.5% |
| Amounts receivable within one year | 40/41 | €30,696 | €30,614 | -€82 | -0.3% |
| Trade receivables | 40 | €29,985 | €30,541 | +€555 | +1.9% |
| Other amounts receivable | 41 | €711 | €74 | -€637 | -89.6% |
| Cash at bank and in hand | 54/58 | €50 | - | -€50 | |
| Deferred charges and accrued income | 490/1 | €2,509 | €2,128 | -€381 | -15.2% |
| Total equity and liabilities | 10/49 | €333,128 | €301,730 | -€31,397 | -9.4% |
| Equity | 10/15 | €27,645 | €33,971 | +€6,327 | +22.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €806,612 | €806,612 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€860,773 | -€854,446 | +€6,327 | +0.7% |
| Amounts payable | 17/49 | €305,483 | €267,759 | -€37,724 | -12.3% |
| Amounts payable after more than one year | 17 | €82,239 | €48,037 | -€34,202 | -41.6% |
| Financial debts | 170/4 | €82,239 | €48,037 | -€34,202 | -41.6% |
| Amounts payable within one year | 42/48 | €223,244 | €218,741 | -€4,503 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €36,616 | €35,727 | -€889 | -2.4% |
| Financial debts | 43 | €4,911 | €4,764 | -€147 | -3.0% |
| Credit institutions | 430/8 | €4,911 | €4,764 | -€147 | -3.0% |
| Trade debts | 44 | €5,717 | - | -€5,717 | |
| Suppliers | 440/4 | €5,717 | - | -€5,717 | |
| Taxes, remuneration and social security | 45 | €60,003 | €54,896 | -€5,107 | -8.5% |
| Taxes | 450/3 | €8,290 | €4,656 | -€3,634 | -43.8% |
| Remuneration and social security | 454/9 | €51,713 | €50,241 | -€1,473 | -2.8% |
| Other amounts payable | 47/48 | €115,997 | €123,354 | +€7,357 | +6.3% |
| Accrued charges and deferred income | 492/3 | - | €981 | +€981 | |
| Non-recurring operating income | 76A | €50 | - | -€50 | |
| Remuneration, social security and pensions | 62 | €48,358 | €12,718 | -€35,641 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,666 | €28,953 | -€24,713 | -46.0% |
| Other operating charges | 640/8 | €10,151 | €7,509 | -€2,642 | -26.0% |
| Non-recurring operating charges | 66A | €1,289 | - | -€1,289 | |
| Gross operating margin | 9900 | €100,868 | €60,333 | -€40,535 | -40.2% |
| Operating profit (loss) | 9901 | -€12,596 | €11,153 | +€23,749 | |
| Financial income | 75/76B | €31 | €943 | +€913 | +2,972% |
| Recurring financial income | 75 | €31 | €943 | +€913 | +2,972% |
| Financial charges | 65/66B | €10,292 | €5,770 | -€4,522 | -43.9% |
| Recurring financial charges | 65 | €10,292 | €5,770 | -€4,522 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,857 | €6,327 | +€29,184 | |
| Profit (loss) for the period | 9904 | -€22,857 | €6,327 | +€29,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,857 | €6,327 | +€29,184 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.