Veis: 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.
Veis
Largest movements
- Financial fixed assets +€380,000
new in 2025: €380,000
- Receivables within one year +€239,468
up €239,468 (+510%), from €46,988 to €286,457
of which Other amounts receivable: +€153,095
- Tangible fixed assets -€62,125
down €62,125 (-63.8%), from €97,412 to €35,287
of which Leasing and similar rights: -€83,854
- Cash -€30,026
down €30,026 (-90.1%), from €33,323 to €3,297
mainly Investment in fixed assets (net) (-€321,778) and Receivables within one year (-€239,468)
- Other debts +€335,391
up €335,391 (+5,066%), from €6,620 to €342,012
- Reserves +€212,742
up €212,742 (+485%), from €43,876 to €256,619
- Debts after one year -€61,525
no longer reported in 2025 (was €61,525)
- Short-term financial debts +€45,054
new in 2025: €45,054
- Tax, wage and social debts +€26,502
up €26,502 (+87.4%), from €30,324 to €56,826
of which Taxes: +€28,732
- Financial income +€159,964
up €159,964 (+438,018%), from €37 to €160,001
- Gross operating margin +€109,970
up €109,970 (+132%), from €83,184 to €193,154
- Taxes +€84,187
up €84,187 (+487%), from €17,297 to €101,483
- Financial charges +€30,068
up €30,068 (+647%), from €4,645 to €34,713
of which Non-recurring financial charges: +€26,084
- Depreciation -€12,084
down €12,084 (-75.6%), from €15,988 to €3,904
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 | €181,288 | €706,084 | +€524,796 | +289% |
| Fixed assets | 21/28 | €97,412 | €415,287 | +€317,875 | +326% |
| Tangible fixed assets | 22/27 | €97,412 | €35,287 | -€62,125 | -63.8% |
| Plant, machinery and equipment | 23 | €4,572 | €3,527 | -€1,046 | -22.9% |
| Furniture and vehicles | 24 | €1,217 | €715 | -€502 | -41.3% |
| Leasing and similar rights | 25 | €83,854 | - | -€83,854 | |
| Other tangible fixed assets | 26 | €7,769 | €31,045 | +€23,277 | +300% |
| Financial fixed assets | 28 | - | €380,000 | +€380,000 | |
| Current assets | 29/58 | €83,876 | €290,797 | +€206,921 | +247% |
| Amounts receivable within one year | 40/41 | €46,988 | €286,457 | +€239,468 | +510% |
| Trade receivables | 40 | €45,375 | €131,748 | +€86,373 | +190% |
| Other amounts receivable | 41 | €1,613 | €154,709 | +€153,095 | +9,491% |
| Cash at bank and in hand | 54/58 | €33,323 | €3,297 | -€30,026 | -90.1% |
| Deferred charges and accrued income | 490/1 | €3,565 | €1,044 | -€2,521 | -70.7% |
| Total equity and liabilities | 10/49 | €181,288 | €706,084 | +€524,796 | +289% |
| Equity | 10/15 | €44,876 | €257,619 | +€212,742 | +474% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,876 | €256,619 | +€212,742 | +485% |
| Distributable reserves | 133 | €43,876 | €256,619 | +€212,742 | +485% |
| Amounts payable | 17/49 | €136,412 | €448,466 | +€312,054 | +229% |
| Amounts payable after more than one year | 17 | €61,525 | - | -€61,525 | |
| Financial debts | 170/4 | €61,525 | - | -€61,525 | |
| Amounts payable within one year | 42/48 | €74,887 | €448,466 | +€373,579 | +499% |
| Current portion of amounts payable after more than one year | 42 | €23,690 | - | -€23,690 | |
| Financial debts | 43 | - | €45,054 | +€45,054 | |
| Credit institutions | 430/8 | - | €45,054 | +€45,054 | |
| Trade debts | 44 | €14,252 | €4,574 | -€9,679 | -67.9% |
| Suppliers | 440/4 | €14,252 | €4,574 | -€9,679 | -67.9% |
| Taxes, remuneration and social security | 45 | €30,324 | €56,826 | +€26,502 | +87.4% |
| Taxes | 450/3 | €28,094 | €56,826 | +€28,732 | +102% |
| Remuneration and social security | 454/9 | €2,230 | - | -€2,230 | |
| Other amounts payable | 47/48 | €6,620 | €342,012 | +€335,391 | +5,066% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,988 | €3,904 | -€12,084 | -75.6% |
| Other operating charges | 640/8 | €1,414 | €312 | -€1,102 | -77.9% |
| Gross operating margin | 9900 | €83,184 | €193,154 | +€109,970 | +132% |
| Operating profit (loss) | 9901 | €65,782 | €188,938 | +€123,157 | +187% |
| Financial income | 75/76B | €37 | €160,001 | +€159,964 | +438,018% |
| Recurring financial income | 75 | €37 | €160,001 | +€159,964 | +438,018% |
| Financial charges | 65/66B | €4,645 | €34,713 | +€30,068 | +647% |
| Recurring financial charges | 65 | €4,645 | €8,630 | +€3,984 | +85.8% |
| Non-recurring financial charges | 66B | - | €26,084 | +€26,084 | |
| Profit (loss) for the period before taxes | 9903 | €61,173 | €314,226 | +€253,053 | +414% |
| Income taxes | 67/77 | €17,297 | €101,483 | +€84,187 | +487% |
| Profit (loss) for the period | 9904 | €43,876 | €212,742 | +€168,866 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €43,876 | €212,742 | +€168,866 | +385% |
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 17 October 2026 via checked.be.