VEINSTONE: 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.
VEINSTONE
Largest movements
- Receivables within one year -€21,368
down €21,368 (-24.4%), from €87,694 to €66,325
of which Other amounts receivable: -€17,188
- Tangible fixed assets -€17,379
down €17,379 (-20.0%), from €86,790 to €69,411
of which Plant, machinery and equipment: -€19,574
- Stocks and contracts -€12,556
down €12,556 (-3.1%), from €408,000 to €395,444
of which Stocks: -€44,736
- Trade debts -€26,322
down €26,322 (-33.2%), from €79,336 to €53,013
- Current portion of long-term debt -€25,385
down €25,385 (-34.6%), from €73,385 to €48,000
- Gross operating margin -€16,889
down €16,889 (-14.1%), from €120,171 to €103,282
- Financial charges -€4,697
down €4,697 (-46.1%), from €10,186 to €5,489
of which Financial charges: -€3,358
- Taxes -€4,142
down €4,142 (-92.9%), from €4,460 to €318
- Other operating charges -€3,658
down €3,658 (-45.2%), from €8,086 to €4,428
- Staff costs +€1,975
up €1,975 (+2.7%), from €72,636 to €74,611
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.
Cash bridge derived
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 | €618,541 | €571,949 | -€46,592 | -7.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €95,590 | €78,211 | -€17,379 | -18.2% |
| Tangible fixed assets | 22/27 | €86,790 | €69,411 | -€17,379 | -20.0% |
| Plant, machinery and equipment | 23 | €86,270 | €66,696 | -€19,574 | -22.7% |
| Furniture and vehicles | 24 | €520 | €2,715 | +€2,195 | +422.1% |
| Financial fixed assets | 28 | €8,800 | €8,800 | = | 0.0% |
| Current assets | 29/58 | €522,951 | €493,738 | -€29,213 | -5.6% |
| Stocks and contracts in progress | 3 | €408,000 | €395,444 | -€12,556 | -3.1% |
| Stocks | 30/36 | €408,000 | €363,264 | -€44,736 | -11.0% |
| Contracts in progress | 37 | - | €32,180 | +€32,180 | |
| Amounts receivable within one year | 40/41 | €87,694 | €66,325 | -€21,368 | -24.4% |
| Trade receivables | 40 | €48,532 | €44,352 | -€4,180 | -8.6% |
| Other amounts receivable | 41 | €39,162 | €21,974 | -€17,188 | -43.9% |
| Cash at bank and in hand | 54/58 | €24,489 | €25,270 | +€781 | +3.2% |
| Deferred charges and accrued income | 490/1 | €2,768 | €6,699 | +€3,931 | +142.0% |
| Total equity and liabilities | 10/49 | €618,541 | €571,949 | -€46,592 | -7.5% |
| Equity | 10/15 | €456,528 | €457,515 | +€986 | +0.2% |
| Contributions | 10/11 | €412,600 | €412,600 | = | 0.0% |
| Reserves | 13 | €43,928 | €44,915 | +€986 | +2.2% |
| 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 | €42,068 | €43,055 | +€986 | +2.3% |
| Amounts payable | 17/49 | €162,012 | €114,434 | -€47,578 | -29.4% |
| Amounts payable within one year | 42/48 | €162,012 | €114,434 | -€47,578 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €73,385 | €48,000 | -€25,385 | -34.6% |
| Trade debts | 44 | €79,336 | €53,013 | -€26,322 | -33.2% |
| Suppliers | 440/4 | €79,336 | €53,013 | -€26,322 | -33.2% |
| Taxes, remuneration and social security | 45 | €9,291 | €13,421 | +€4,129 | +44.4% |
| Taxes | 450/3 | €5,732 | €3,108 | -€2,624 | -45.8% |
| Remuneration and social security | 454/9 | €3,559 | €10,312 | +€6,753 | +189.7% |
| Remuneration, social security and pensions | 62 | €72,636 | €74,611 | +€1,975 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,755 | €19,833 | +€78 | +0.4% |
| Other operating charges | 640/8 | €8,086 | €4,428 | -€3,658 | -45.2% |
| Gross operating margin | 9900 | €120,171 | €103,282 | -€16,889 | -14.1% |
| Operating profit (loss) | 9901 | €19,695 | €4,410 | -€15,285 | -77.6% |
| Financial income | 75/76B | €2,786 | €2,383 | -€402 | -14.4% |
| Recurring financial income | 75 | €2,786 | €2,383 | -€402 | -14.4% |
| Financial charges | 65/66B | €10,186 | €5,489 | -€4,697 | -46.1% |
| Recurring financial charges | 65 | €8,847 | €5,489 | -€3,358 | -38.0% |
| Non-recurring financial charges | 66B | €1,339 | - | -€1,339 | |
| Profit (loss) for the period before taxes | 9903 | €12,294 | €1,304 | -€10,990 | -89.4% |
| Income taxes | 67/77 | €4,460 | €318 | -€4,142 | -92.9% |
| Profit (loss) for the period | 9904 | €7,835 | €986 | -€6,848 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,835 | €986 | -€6,848 | -87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.