VEEMNATIE: 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.
What changed
VEEMNATIE
NACE 52.249, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · -€1.2m+€2.5m
Equity
€7.4m
2024 · €6.1m+€1.3m
Cash
€473,882
2024 · €174,616+€299,266
Balance sheet total
€30.3m
2024 · €30.8m-€460,752
Largest movements
Assets
- Tangible fixed assets -€847,192
down €847,192 (-3.0%), from €28.5m to €27.7m
of which Assets under construction and advance payments: -€6.9m
- Receivables within one year +€347,315
up €347,315 (+26.2%), from €1.3m to €1.7m
of which Trade receivables: +€353,002
Equity and liabilities
- Debts after one year -€1.9m
down €1.9m (-10.6%), from €18.1m to €16.2m
- Profit (loss) carried forward +€1.3m
up €1.3m (+31.9%), from €4.2m to €5.6m
- Other debts +€1.2m
new in 2025: €1.2m
- Trade debts -€1.1m
down €1.1m (-47.7%), from €2.2m to €1.2m
Income statement
- Turnover +€3.1m
up €3.1m (+32.5%), from €9.4m to €12.5m
- Gross operating margin +€2.8m
up €2.8m (+83.1%), from €3.3m to €6.1m
- Purchases and services +€656,752
up €656,752 (+10.2%), from €6.5m to €7.1m
- Financial charges +€204,498
up €204,498 (+59.4%), from €344,469 to €548,967
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.
Result 2024
-€1.2m
Gross operating margin
+€2.8m
Staff costs
-€9,915
Depreciation
+€103,442
Other operating charges
-€23,422
Other operating items
-€123,423
Financial income
+€1,235
Financial charges
-€204,498
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.8m
Investment
-€2.4m
Financing
-€2.1m
Cash 2024
€174,616
From operations (derived)
+€4.8m
Net result for the year
+€1.3m
Depreciation
+€3.4m
Stocks and contracts
-€8,513
Receivables within one year
-€347,315
Deferred charges and accrued income
+€151,536
Trade debts
-€1.1m
Tax, wage and social debts
+€3,941
Other debts
+€1.2m
Accrued charges and deferred income
+€155,351
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
-€2.1m
Debts after one year
-€1.9m
Current portion of long-term debt
-€184,062
Cash 2025
€473,882
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,799,812 | €30,339,060 | -€460,752 | -1.5% |
| Fixed assets | 21/28 | €28,701,804 | €27,737,495 | -€964,310 | -3.4% |
| Intangible fixed assets | 21 | €119,686 | - | -€119,686 | |
| Tangible fixed assets | 22/27 | €28,533,483 | €27,686,291 | -€847,192 | -3.0% |
| Land and buildings | 22 | €14,085,859 | €19,900,585 | +€5.8m | +41.3% |
| Plant, machinery and equipment | 23 | €1,764,297 | €3,052,234 | +€1.3m | +73.0% |
| Furniture and vehicles | 24 | €78,274 | €59,246 | -€19,027 | -24.3% |
| Leasing and similar rights | 25 | €5,146,078 | €4,131,253 | -€1.0m | -19.7% |
| Assets under construction and advance payments | 27 | €7,458,975 | €542,972 | -€6.9m | -92.7% |
| Financial fixed assets | 28 | €48,636 | €51,204 | +€2,568 | +5.3% |
| Current assets | 29/58 | €2,098,008 | €2,601,566 | +€503,558 | +24.0% |
| Stocks and contracts in progress | 3 | €178,500 | €187,012 | +€8,513 | +4.8% |
| Stocks | 30/36 | €178,500 | €187,012 | +€8,513 | +4.8% |
| Amounts receivable within one year | 40/41 | €1,327,024 | €1,674,339 | +€347,315 | +26.2% |
| Trade receivables | 40 | €1,137,001 | €1,490,003 | +€353,002 | +31.0% |
| Other amounts receivable | 41 | €190,023 | €184,336 | -€5,687 | -3.0% |
| Cash at bank and in hand | 54/58 | €174,616 | €473,882 | +€299,266 | +171% |
| Deferred charges and accrued income | 490/1 | €417,869 | €266,333 | -€151,536 | -36.3% |
| Total equity and liabilities | 10/49 | €30,799,812 | €30,339,060 | -€460,752 | -1.5% |
| Equity | 10/15 | €6,059,234 | €7,405,439 | +€1.3m | +22.2% |
| Contributions | 10/11 | €1,676,000 | €1,676,000 | = | 0.0% |
| Capital | 10 | €1,676,000 | €1,676,000 | = | 0.0% |
| Issued capital | 100 | €1,676,000 | €1,676,000 | = | 0.0% |
| Reserves | 13 | €167,600 | €167,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €167,600 | €167,600 | = | 0.0% |
| Legal reserve | 130 | €167,600 | €167,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,215,634 | €5,561,839 | +€1.3m | +31.9% |
| Amounts payable | 17/49 | €24,740,579 | €22,933,621 | -€1.8m | -7.3% |
| Amounts payable after more than one year | 17 | €18,086,729 | €16,177,847 | -€1.9m | -10.6% |
| Financial debts | 170/4 | €18,086,729 | €16,177,847 | -€1.9m | -10.6% |
| Amounts payable within one year | 42/48 | €6,438,396 | €6,384,971 | -€53,425 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €4,167,110 | €3,983,047 | -€184,062 | -4.4% |
| Trade debts | 44 | €2,248,709 | €1,175,405 | -€1.1m | -47.7% |
| Suppliers | 440/4 | €2,248,709 | €1,175,405 | -€1.1m | -47.7% |
| Taxes, remuneration and social security | 45 | €22,578 | €26,519 | +€3,941 | +17.5% |
| Taxes | 450/3 | €382 | €224 | -€158 | -41.4% |
| Remuneration and social security | 454/9 | €22,196 | €26,295 | +€4,099 | +18.5% |
| Other amounts payable | 47/48 | - | €1,200,000 | +€1.2m | |
| Accrued charges and deferred income | 492/3 | €215,453 | €370,804 | +€155,351 | +72.1% |
| Turnover | 70 | €9,405,142 | €12,459,739 | +€3.1m | +32.5% |
| Non-recurring operating income | 76A | €25,983 | €9,621 | -€16,362 | -63.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,450,171 | €7,106,923 | +€656,752 | +10.2% |
| Remuneration, social security and pensions | 62 | €255,959 | €265,874 | +€9,915 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,490,999 | €3,387,557 | -€103,442 | -3.0% |
| Other operating charges | 640/8 | €366,059 | €389,482 | +€23,422 | +6.4% |
| Non-recurring operating charges | 66A | €8,255 | €131,678 | +€123,423 | +1,495% |
| Gross operating margin | 9900 | €3,313,757 | €6,068,485 | +€2.8m | +83.1% |
| Operating profit (loss) | 9901 | -€807,515 | €1,893,894 | +€2.7m | |
| Financial income | 75/76B | €43 | €1,278 | +€1,235 | +2,852% |
| Recurring financial income | 75 | €43 | €1,278 | +€1,235 | +2,852% |
| Financial charges | 65/66B | €344,469 | €548,967 | +€204,498 | +59.4% |
| Recurring financial charges | 65 | €344,469 | €548,967 | +€204,498 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,151,941 | €1,346,205 | +€2.5m | |
| Profit (loss) for the period | 9904 | -€1,151,941 | €1,346,205 | +€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,151,941 | €1,346,205 | +€2.5m |
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 19 October 2026 via checked.be.