VEEVOLK: what changed
Two fiscal 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.
VEEVOLK
Largest movements
- Current investments +€150,000
up €150,000 (+60.0%), from €250,000 to €400,000
- Cash +€27,781
up €27,781 (+61.0%), from €45,576 to €73,357
mainly Net result for the year (+€182,862) and Trade debts (+€25,593)
- Stocks and contracts +€8,872
up €8,872 (+17.5%), from €50,650 to €59,522
- Receivables within one year +€8,315
up €8,315 (+11.5%), from €72,064 to €80,379
of which Other amounts receivable: +€6,115
- Reserves +€182,862
up €182,862 (+48.1%), from €380,226 to €563,088
- Trade debts +€25,593
up €25,593 (+192.6%), from €13,290 to €38,883
- Gross operating margin +€12,737
up €12,737 (+5.1%), from €251,863 to €264,600
- Financial income +€7,594
up €7,594 (+4615.2%), from €165 to €7,759
- Taxes -€2,775
down €2,775 (-3.3%), from €82,973 to €80,198
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,971 | €633,130 | +€199,159 | +45.9% |
| Fixed assets | 21/28 | €13,600 | €17,750 | +€4,150 | +30.5% |
| Tangible fixed assets | 22/27 | €12,850 | €17,000 | +€4,150 | +32.3% |
| Furniture and vehicles | 24 | €12,850 | €17,000 | +€4,150 | +32.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €420,371 | €615,380 | +€195,009 | +46.4% |
| Stocks and contracts in progress | 3 | €50,650 | €59,522 | +€8,872 | +17.5% |
| Stocks | 30/36 | €50,650 | €59,522 | +€8,872 | +17.5% |
| Amounts receivable within one year | 40/41 | €72,064 | €80,379 | +€8,315 | +11.5% |
| Trade receivables | 40 | €72,064 | €74,264 | +€2,200 | +3.1% |
| Other amounts receivable | 41 | - | €6,115 | +€6,115 | |
| Current investments | 50/53 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €45,576 | €73,357 | +€27,781 | +61.0% |
| Deferred charges and accrued income | 490/1 | €2,081 | €2,122 | +€41 | +2.0% |
| Total equity and liabilities | 10/49 | €433,971 | €633,130 | +€199,159 | +45.9% |
| Equity | 10/15 | €385,226 | €568,088 | +€182,862 | +47.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €380,226 | €563,088 | +€182,862 | +48.1% |
| Distributable reserves | 133 | €380,226 | €563,088 | +€182,862 | +48.1% |
| Amounts payable | 17/49 | €48,745 | €65,042 | +€16,297 | +33.4% |
| Amounts payable within one year | 42/48 | €48,745 | €65,042 | +€16,297 | +33.4% |
| Trade debts | 44 | €13,290 | €38,883 | +€25,593 | +192.6% |
| Suppliers | 440/4 | €13,290 | €38,883 | +€25,593 | +192.6% |
| Taxes, remuneration and social security | 45 | €29,572 | €26,159 | -€3,413 | -11.5% |
| Taxes | 450/3 | €29,572 | €26,159 | -€3,413 | -11.5% |
| Other amounts payable | 47/48 | €5,883 | €0 | -€5,883 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,140 | €7,172 | +€2,032 | +39.5% |
| Other operating charges | 640/8 | €1,178 | €1,833 | +€655 | +55.6% |
| Gross operating margin | 9900 | €251,863 | €264,600 | +€12,737 | +5.1% |
| Operating profit (loss) | 9901 | €245,545 | €255,595 | +€10,050 | +4.1% |
| Financial income | 75/76B | €165 | €7,759 | +€7,594 | +4615.2% |
| Recurring financial income | 75 | €165 | €7,759 | +€7,594 | +4615.2% |
| Financial charges | 65/66B | €953 | €294 | -€660 | -69.2% |
| Recurring financial charges | 65 | €953 | €294 | -€660 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €244,756 | €263,060 | +€18,304 | +7.5% |
| Income taxes | 67/77 | €82,973 | €80,198 | -€2,775 | -3.3% |
| Profit (loss) for the period | 9904 | €161,783 | €182,862 | +€21,078 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,783 | €182,862 | +€21,078 | +13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.