VEERLAW: 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.
VEERLAW
Largest movements
- Receivables within one year +€31,488
up €31,488 (+184%), from €17,130 to €48,619
of which Other amounts receivable: +€31,488
- Cash -€6,510
down €6,510 (-53.4%), from €12,180 to €5,670
mainly Receivables within one year (-€31,488) and Other debts (-€2,830)
- Profit (loss) carried forward +€17,276
up €17,276 (+139%), from €12,465 to €29,740
- Tax, wage and social debts +€10,507
up €10,507 (+167%), from €6,296 to €16,804
- Other debts -€2,830
down €2,830 (-37.7%), from €7,511 to €4,681
- Gross operating margin -€14,380
down €14,380 (-38.3%), from €37,586 to €23,206
- Taxes -€1,314
down €1,314 (-20.9%), from €6,296 to €4,982
- Other operating charges +€473
up €473 (+113%), from €417 to €891
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 | €32,960 | €57,939 | +€24,978 | +75.8% |
| Fixed assets | 21/28 | €3,650 | €3,650 | = | 0.0% |
| Financial fixed assets | 28 | €3,650 | €3,650 | = | 0.0% |
| Current assets | 29/58 | €29,310 | €54,289 | +€24,978 | +85.2% |
| Amounts receivable within one year | 40/41 | €17,130 | €48,619 | +€31,488 | +184% |
| Trade receivables | 40 | €16,726 | €16,726 | -€0 | 0.0% |
| Other amounts receivable | 41 | €404 | €31,892 | +€31,488 | +7,796% |
| Cash at bank and in hand | 54/58 | €12,180 | €5,670 | -€6,510 | -53.4% |
| Total equity and liabilities | 10/49 | €32,960 | €57,939 | +€24,978 | +75.8% |
| Equity | 10/15 | €12,465 | €29,740 | +€17,276 | +139% |
| Profit (loss) carried forward | 14 | €12,465 | €29,740 | +€17,276 | +139% |
| Amounts payable | 17/49 | €20,496 | €28,199 | +€7,703 | +37.6% |
| Amounts payable within one year | 42/48 | €20,496 | €28,199 | +€7,703 | +37.6% |
| Trade debts | 44 | €6,689 | €6,714 | +€25 | +0.4% |
| Suppliers | 440/4 | €6,689 | €6,714 | +€25 | +0.4% |
| Taxes, remuneration and social security | 45 | €6,296 | €16,804 | +€10,507 | +167% |
| Taxes | 450/3 | €6,296 | €16,804 | +€10,507 | +167% |
| Other amounts payable | 47/48 | €7,511 | €4,681 | -€2,830 | -37.7% |
| Other operating charges | 640/8 | €417 | €891 | +€473 | +113% |
| Gross operating margin | 9900 | €37,586 | €23,206 | -€14,380 | -38.3% |
| Operating profit (loss) | 9901 | €37,169 | €22,315 | -€14,853 | -40.0% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €66 | €79 | +€13 | +20.3% |
| Recurring financial charges | 65 | €66 | €79 | +€13 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €37,103 | €22,258 | -€14,845 | -40.0% |
| Income taxes | 67/77 | €6,296 | €4,982 | -€1,314 | -20.9% |
| Profit (loss) for the period | 9904 | €30,807 | €17,276 | -€13,531 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,807 | €17,276 | -€13,531 | -43.9% |
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 21 October 2026 via checked.be.