Veho Trading: 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.
Veho Trading
Largest movements
- Cash +€75,167
up €75,167 (+29.6%), from €254,370 to €329,537
mainly Depreciation (+€59,988) and Receivables within one year (+€51,642)
- Tangible fixed assets -€59,988
down €59,988 (-24.1%), from €248,892 to €188,905
of which Furniture and vehicles: -€59,080
- Receivables within one year -€51,642
down €51,642 (-51.6%), from €100,042 to €48,400
of which Trade receivables: -€48,400
- Stocks and contracts +€48,833
up €48,833 (+14.2%), from €343,250 to €392,083
- Reserves +€26,321
up €26,321 (+4.1%), from €640,438 to €666,760
- Trade debts -€20,687
down €20,687 (-34.8%), from €59,406 to €38,719
- Accrued charges and deferred income -€18,031
down €18,031 (-64.3%), from €28,031 to €10,000
- Other debts +€14,784
up €14,784 (+107%), from €13,832 to €28,616
- Gross operating margin -€5,069
down €5,069 (-4.4%), from €114,865 to €109,796
- Financial charges -€2,332
down €2,332 (-18.4%), from €12,683 to €10,352
- Taxes -€1,416
down €1,416 (-11.8%), from €11,985 to €10,569
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 | €948,919 | €960,883 | +€11,964 | +1.3% |
| Fixed assets | 21/28 | €249,052 | €188,905 | -€60,148 | -24.2% |
| Tangible fixed assets | 22/27 | €248,892 | €188,905 | -€59,988 | -24.1% |
| Plant, machinery and equipment | 23 | €2,866 | €1,958 | -€908 | -31.7% |
| Furniture and vehicles | 24 | €246,026 | €186,947 | -€59,080 | -24.0% |
| Financial fixed assets | 28 | €160 | €0 | -€160 | -100% |
| Current assets | 29/58 | €699,866 | €771,978 | +€72,111 | +10.3% |
| Stocks and contracts in progress | 3 | €343,250 | €392,083 | +€48,833 | +14.2% |
| Stocks | 30/36 | €343,250 | €392,083 | +€48,833 | +14.2% |
| Amounts receivable within one year | 40/41 | €100,042 | €48,400 | -€51,642 | -51.6% |
| Trade receivables | 40 | €96,800 | €48,400 | -€48,400 | -50.0% |
| Other amounts receivable | 41 | €3,242 | €0 | -€3,242 | -100% |
| Cash at bank and in hand | 54/58 | €254,370 | €329,537 | +€75,167 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,205 | €1,958 | -€247 | -11.2% |
| Total equity and liabilities | 10/49 | €948,919 | €960,883 | +€11,964 | +1.3% |
| Equity | 10/15 | €642,478 | €668,799 | +€26,321 | +4.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €640,438 | €666,760 | +€26,321 | +4.1% |
| Distributable reserves | 133 | €640,438 | €666,760 | +€26,321 | +4.1% |
| Profit (loss) carried forward | 14 | €1,039 | €1,039 | = | 0.0% |
| Amounts payable | 17/49 | €306,441 | €292,084 | -€14,358 | -4.7% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,410 | €82,084 | +€3,673 | +4.7% |
| Financial debts | 43 | €1,009 | €1,747 | +€738 | +73.1% |
| Credit institutions | 430/8 | €1,009 | €1,747 | +€738 | +73.1% |
| Trade debts | 44 | €59,406 | €38,719 | -€20,687 | -34.8% |
| Suppliers | 440/4 | €59,406 | €38,719 | -€20,687 | -34.8% |
| Taxes, remuneration and social security | 45 | €4,163 | €13,002 | +€8,839 | +212% |
| Taxes | 450/3 | €4,163 | €13,002 | +€8,839 | +212% |
| Other amounts payable | 47/48 | €13,832 | €28,616 | +€14,784 | +107% |
| Accrued charges and deferred income | 492/3 | €28,031 | €10,000 | -€18,031 | -64.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,041 | €59,988 | +€947 | +1.6% |
| Other operating charges | 640/8 | €2,059 | €2,619 | +€560 | +27.2% |
| Gross operating margin | 9900 | €114,865 | €109,796 | -€5,069 | -4.4% |
| Operating profit (loss) | 9901 | €53,766 | €47,189 | -€6,576 | -12.2% |
| Financial income | 75/76B | €3 | €53 | +€50 | +1,664% |
| Recurring financial income | 75 | €3 | €53 | +€50 | +1,664% |
| Financial charges | 65/66B | €12,683 | €10,352 | -€2,332 | -18.4% |
| Recurring financial charges | 65 | €12,683 | €10,352 | -€2,332 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €41,085 | €36,890 | -€4,195 | -10.2% |
| Income taxes | 67/77 | €11,985 | €10,569 | -€1,416 | -11.8% |
| Profit (loss) for the period | 9904 | €29,100 | €26,321 | -€2,779 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,100 | €26,321 | -€2,779 | -9.5% |
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 25 October 2026 via checked.be.