VEG DELUX: 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.
VEG DELUX
Largest movements
- Receivables within one year +€17,207
up €17,207 (+11.4%), from €150,616 to €167,823
- Tangible fixed assets -€7,313
down €7,313 (-29.7%), from €24,622 to €17,309
of which Plant, machinery and equipment: -€3,975
- Cash +€3,244
up €3,244 (+18.5%), from €17,583 to €20,828
mainly Tax, wage and social debts (+€49,673) and Trade debts (+€7,757)
- Tax, wage and social debts +€49,673
up €49,673 (+100%), from €49,627 to €99,300
of which Remuneration and social security: +€29,651
- Profit (loss) carried forward -€43,841
new in 2025: -€43,841
- Trade debts +€7,757
up €7,757 (+13.8%), from €56,071 to €63,827
- Staff costs +€99,434
up €99,434 (+48.9%), from €203,239 to €302,673
- Gross operating margin +€45,046
up €45,046 (+18.8%), from €239,860 to €284,906
- Taxes +€7,860
up €7,860 (+180%), from €4,372 to €12,232
- Depreciation -€3,830
down €3,830 (-34.4%), from €11,143 to €7,313
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 | €195,844 | €209,433 | +€13,589 | +6.9% |
| Fixed assets | 21/28 | €24,622 | €17,309 | -€7,313 | -29.7% |
| Tangible fixed assets | 22/27 | €24,622 | €17,309 | -€7,313 | -29.7% |
| Land and buildings | 22 | €13,895 | €11,537 | -€2,357 | -17.0% |
| Plant, machinery and equipment | 23 | €8,364 | €4,389 | -€3,975 | -47.5% |
| Furniture and vehicles | 24 | €2,363 | €1,383 | -€981 | -41.5% |
| Current assets | 29/58 | €171,222 | €192,124 | +€20,902 | +12.2% |
| Stocks and contracts in progress | 3 | €3,023 | €3,473 | +€451 | +14.9% |
| Stocks | 30/36 | €3,023 | €3,473 | +€451 | +14.9% |
| Amounts receivable within one year | 40/41 | €150,616 | €167,823 | +€17,207 | +11.4% |
| Other amounts receivable | 41 | €150,616 | €167,823 | +€17,207 | +11.4% |
| Cash at bank and in hand | 54/58 | €17,583 | €20,828 | +€3,244 | +18.5% |
| Total equity and liabilities | 10/49 | €195,844 | €209,433 | +€13,589 | +6.9% |
| Equity | 10/15 | €90,147 | €46,306 | -€43,841 | -48.6% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Reserves | 13 | €79,547 | €79,547 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,687 | €77,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,841 | -€43,841 | |
| Amounts payable | 17/49 | €105,698 | €163,127 | +€57,430 | +54.3% |
| Amounts payable within one year | 42/48 | €105,698 | €163,127 | +€57,430 | +54.3% |
| Trade debts | 44 | €56,071 | €63,827 | +€7,757 | +13.8% |
| Suppliers | 440/4 | €56,071 | €63,827 | +€7,757 | +13.8% |
| Taxes, remuneration and social security | 45 | €49,627 | €99,300 | +€49,673 | +100% |
| Taxes | 450/3 | €29,454 | €49,476 | +€20,022 | +68.0% |
| Remuneration and social security | 454/9 | €20,173 | €49,824 | +€29,651 | +147% |
| Remuneration, social security and pensions | 62 | €203,239 | €302,673 | +€99,434 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,143 | €7,313 | -€3,830 | -34.4% |
| Other operating charges | 640/8 | €1,643 | €1,829 | +€186 | +11.3% |
| Gross operating margin | 9900 | €239,860 | €284,906 | +€45,046 | +18.8% |
| Operating profit (loss) | 9901 | €23,835 | -€26,908 | -€50,744 | |
| Financial income | 75/76B | €31 | €23 | -€8 | -25.8% |
| Recurring financial income | 75 | €31 | €23 | -€8 | -25.8% |
| Financial charges | 65/66B | €4,333 | €4,724 | +€391 | +9.0% |
| Recurring financial charges | 65 | €4,333 | €4,724 | +€391 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €19,533 | -€31,609 | -€51,142 | |
| Income taxes | 67/77 | €4,372 | €12,232 | +€7,860 | +180% |
| Profit (loss) for the period | 9904 | €15,161 | -€43,841 | -€59,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,161 | -€43,841 | -€59,003 |
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 31 October 2026 via checked.be.