Veins Holding: 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.
Veins Holding
Largest movements
- Intangible fixed assets +€2.8m
new in 2025: €2.8m
- Receivables after one year -€2.2m
down €2.2m (-100%), from €2.2m to €0
- Financial fixed assets -€252,482
down €252,482 (-45.6%), from €553,482 to €301,000
- Debts after one year +€558,600
up €558,600 (+19.7%), from €2.8m to €3.4m
- Profit (loss) carried forward -€252,852
down €252,852 (-83.6%), from -€302,631 to -€555,483
- Financial income +€338,358
new in 2025: €338,358
- Gross operating margin -€35,399
down €35,399 (-1,834%), from -€1,931 to -€37,329
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 | €2,779,994 | €3,085,873 | +€305,879 | +11.0% |
| Fixed assets | 21/28 | €553,482 | €3,084,001 | +€2.5m | +457% |
| Intangible fixed assets | 21 | - | €2,783,001 | +€2.8m | |
| Financial fixed assets | 28 | €553,482 | €301,000 | -€252,482 | -45.6% |
| Current assets | 29/58 | €2,226,511 | €1,872 | -€2.2m | -99.9% |
| Amounts receivable after more than one year | 29 | €2,205,000 | €0 | -€2.2m | -100% |
| Other amounts receivable | 291 | €2,205,000 | €0 | -€2.2m | -100% |
| Amounts receivable within one year | 40/41 | €410 | €0 | -€410 | -100% |
| Other amounts receivable | 41 | €410 | €0 | -€410 | -100% |
| Cash at bank and in hand | 54/58 | €21,101 | €1,872 | -€19,229 | -91.1% |
| Total equity and liabilities | 10/49 | €2,779,994 | €3,085,873 | +€305,879 | +11.0% |
| Equity | 10/15 | -€52,631 | -€305,483 | -€252,852 | -480% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,631 | -€555,483 | -€252,852 | -83.6% |
| Amounts payable | 17/49 | €2,832,625 | €3,391,356 | +€558,731 | +19.7% |
| Amounts payable after more than one year | 17 | €2,831,160 | €3,389,760 | +€558,600 | +19.7% |
| Financial debts | 170/4 | €2,831,160 | €3,389,760 | +€558,600 | +19.7% |
| Amounts payable within one year | 42/48 | €1,465 | €1,596 | +€131 | +9.0% |
| Trade debts | 44 | €465 | €596 | +€131 | +28.3% |
| Suppliers | 440/4 | €465 | €596 | +€131 | +28.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,173 | €1,354 | +€182 | +15.5% |
| Non-recurring operating charges | 66A | - | €552,481 | +€552,481 | |
| Gross operating margin | 9900 | -€1,931 | -€37,329 | -€35,399 | -1,834% |
| Operating profit (loss) | 9901 | -€3,103 | -€591,165 | -€588,062 | -18,950% |
| Financial income | 75/76B | - | €338,358 | +€338,358 | |
| Recurring financial income | 75 | - | €338,358 | +€338,358 | |
| Financial charges | 65/66B | €39 | €45 | +€6 | +15.2% |
| Recurring financial charges | 65 | €39 | €45 | +€6 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,142 | -€252,852 | -€249,710 | -7,947% |
| Profit (loss) for the period | 9904 | -€3,142 | -€252,852 | -€249,710 | -7,947% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,142 | -€252,852 | -€249,710 | -7,947% |
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.