VEITUR: 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.
VEITUR
Largest movements
- Current investments +€49,867
new in 2025: €49,867
- Cash -€19,063
down €19,063 (-43.8%), from €43,568 to €24,505
mainly Current investments (-€49,867) and Receivables within one year (-€12,797)
- Receivables within one year +€12,797
up €12,797 (+111.3%), from €11,493 to €24,290
of which Trade receivables: +€7,252
- Tangible fixed assets +€3,097
up €3,097 (+11.1%), from €27,929 to €31,025
of which Other tangible fixed assets: +€12,540
- Reserves +€38,065
up €38,065 (+74.1%), from €51,336 to €89,401
- Tax, wage and social debts +€13,307
up €13,307 (+72.1%), from €18,468 to €31,775
- Other debts -€10,800
down €10,800 (-92.2%), from €11,720 to €920
- Trade debts +€6,122
up €6,122 (+560.3%), from €1,093 to €7,214
- Gross operating margin -€10,983
down €10,983 (-16.1%), from €68,219 to €57,236
- Depreciation +€2,357
up €2,357 (+114.0%), from €2,069 to €4,426
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 | €84,616 | €131,310 | +€46,693 | +55.2% |
| Fixed assets | 21/28 | €28,377 | €31,374 | +€2,997 | +10.6% |
| Intangible fixed assets | 21 | €449 | €349 | -€100 | -22.3% |
| Tangible fixed assets | 22/27 | €27,929 | €31,025 | +€3,097 | +11.1% |
| Land and buildings | 22 | €9,309 | - | -€9,309 | |
| Plant, machinery and equipment | 23 | €2,319 | €1,460 | -€859 | -37.0% |
| Furniture and vehicles | 24 | €2,901 | €3,626 | +€725 | +25.0% |
| Other tangible fixed assets | 26 | €13,400 | €25,940 | +€12,540 | +93.6% |
| Current assets | 29/58 | €56,239 | €99,935 | +€43,696 | +77.7% |
| Amounts receivable within one year | 40/41 | €11,493 | €24,290 | +€12,797 | +111.3% |
| Trade receivables | 40 | €11,493 | €18,746 | +€7,252 | +63.1% |
| Other amounts receivable | 41 | - | €5,544 | +€5,544 | |
| Current investments | 50/53 | - | €49,867 | +€49,867 | |
| Cash at bank and in hand | 54/58 | €43,568 | €24,505 | -€19,063 | -43.8% |
| Deferred charges and accrued income | 490/1 | €1,178 | €1,273 | +€96 | +8.1% |
| Total equity and liabilities | 10/49 | €84,616 | €131,310 | +€46,693 | +55.2% |
| Equity | 10/15 | €53,336 | €91,401 | +€38,065 | +71.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,336 | €89,401 | +€38,065 | +74.1% |
| Distributable reserves | 133 | €51,336 | €89,401 | +€38,065 | +74.1% |
| Amounts payable | 17/49 | €31,281 | €39,909 | +€8,628 | +27.6% |
| Amounts payable within one year | 42/48 | €31,281 | €39,909 | +€8,628 | +27.6% |
| Trade debts | 44 | €1,093 | €7,214 | +€6,122 | +560.3% |
| Suppliers | 440/4 | €1,093 | €7,214 | +€6,122 | +560.3% |
| Taxes, remuneration and social security | 45 | €18,468 | €31,775 | +€13,307 | +72.1% |
| Taxes | 450/3 | €18,468 | €31,775 | +€13,307 | +72.1% |
| Other amounts payable | 47/48 | €11,720 | €920 | -€10,800 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,069 | €4,426 | +€2,357 | +114.0% |
| Other operating charges | 640/8 | €387 | €260 | -€127 | -32.9% |
| Gross operating margin | 9900 | €68,219 | €57,236 | -€10,983 | -16.1% |
| Operating profit (loss) | 9901 | €65,763 | €52,550 | -€13,213 | -20.1% |
| Financial income | 75/76B | €221 | €22 | -€199 | -90.3% |
| Recurring financial income | 75 | €221 | €22 | -€199 | -90.3% |
| Financial charges | 65/66B | €32 | €7 | -€25 | -78.4% |
| Recurring financial charges | 65 | €32 | €7 | -€25 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €65,952 | €52,565 | -€13,387 | -20.3% |
| Income taxes | 67/77 | €14,616 | €14,500 | -€116 | -0.8% |
| Profit (loss) for the period | 9904 | €51,336 | €38,065 | -€13,271 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,336 | €38,065 | -€13,271 | -25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.