VEKA: 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.
What changed
VEKA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,834
2024 · €291-€3,125
Equity
€685,403
2024 · €688,237-€2,834
Cash
€60,741
2024 · €71,336-€10,596
Balance sheet total
€1.0m
2024 · €1.2m-€129,951
Largest movements
Assets
- Receivables within one year -€85,560
down €85,560 (-66.0%), from €129,726 to €44,166
of which Trade receivables: -€101,811
- Tangible fixed assets -€38,398
down €38,398 (-4.7%), from €820,572 to €782,174
of which Land and buildings: -€36,452
Equity and liabilities
- Accrued charges and deferred income -€107,909
down €107,909 (-97.1%), from €111,125 to €3,217
- Debts after one year -€27,459
down €27,459 (-8.6%), from €321,060 to €293,601
Income statement
- Gross operating margin -€17,615
down €17,615 (-11.4%), from €154,744 to €137,128
- Other operating charges -€9,081
down €9,081 (-52.5%), from €17,284 to €8,203
- Staff costs -€4,191
down €4,191 (-4.8%), from €86,701 to €82,510
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.
Result 2024
€291
Gross operating margin
-€17,615
Staff costs
+€4,191
Depreciation
-€777
Other operating charges
+€9,081
Financial income
+€655
Financial charges
+€60
Taxes
+€1,280
Result 2025
-€2,834
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.
From operations
+€25,312
Investment
-€8,847
Financing
-€27,061
Cash 2024
€71,336
From operations (derived)
+€25,312
Net result for the year
-€2,834
Depreciation
+€47,245
Receivables after one year
-€3,770
Receivables within one year
+€85,560
Deferred charges and accrued income
-€832
Trade debts
+€3,816
Tax, wage and social debts
+€4,036
Accrued charges and deferred income
-€107,909
Investment (derived)
-€8,847
Investment in fixed assets (net)
-€8,847
Financing
-€27,061
Debts after one year
-€27,459
Current portion of long-term debt
+€398
Cash 2025
€60,741
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,158,869 | €1,028,918 | -€129,951 | -11.2% |
| Fixed assets | 21/28 | €820,935 | €782,537 | -€38,398 | -4.7% |
| Tangible fixed assets | 22/27 | €820,572 | €782,174 | -€38,398 | -4.7% |
| Land and buildings | 22 | €792,097 | €755,645 | -€36,452 | -4.6% |
| Furniture and vehicles | 24 | €17,098 | €19,825 | +€2,726 | +15.9% |
| Other tangible fixed assets | 26 | €11,376 | €6,704 | -€4,672 | -41.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €337,934 | €246,380 | -€91,554 | -27.1% |
| Amounts receivable after more than one year | 29 | €125,660 | €129,430 | +€3,770 | +3.0% |
| Other amounts receivable | 291 | €125,660 | €129,430 | +€3,770 | +3.0% |
| Amounts receivable within one year | 40/41 | €129,726 | €44,166 | -€85,560 | -66.0% |
| Trade receivables | 40 | €114,414 | €12,603 | -€101,811 | -89.0% |
| Other amounts receivable | 41 | €15,312 | €31,563 | +€16,251 | +106.1% |
| Cash at bank and in hand | 54/58 | €71,336 | €60,741 | -€10,596 | -14.9% |
| Deferred charges and accrued income | 490/1 | €11,212 | €12,044 | +€832 | +7.4% |
| Total equity and liabilities | 10/49 | €1,158,869 | €1,028,918 | -€129,951 | -11.2% |
| Equity | 10/15 | €688,237 | €685,403 | -€2,834 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €668,237 | €665,403 | -€2,834 | -0.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €668,237 | €665,403 | -€2,834 | -0.4% |
| Amounts payable | 17/49 | €470,632 | €343,514 | -€127,118 | -27.0% |
| Amounts payable after more than one year | 17 | €321,060 | €293,601 | -€27,459 | -8.6% |
| Financial debts | 170/4 | €321,060 | €293,601 | -€27,459 | -8.6% |
| Amounts payable within one year | 42/48 | €38,447 | €46,697 | +€8,250 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €27,061 | €27,459 | +€398 | +1.5% |
| Trade debts | 44 | €6,740 | €10,555 | +€3,816 | +56.6% |
| Suppliers | 440/4 | €6,740 | €10,555 | +€3,816 | +56.6% |
| Taxes, remuneration and social security | 45 | €4,216 | €8,253 | +€4,036 | +95.7% |
| Taxes | 450/3 | €1,661 | €6,050 | +€4,389 | +264.2% |
| Remuneration and social security | 454/9 | €2,555 | €2,202 | -€353 | -13.8% |
| Other amounts payable | 47/48 | €430 | €430 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €111,125 | €3,217 | -€107,909 | -97.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €86,701 | €82,510 | -€4,191 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,467 | €47,245 | +€777 | +1.7% |
| Other operating charges | 640/8 | €17,284 | €8,203 | -€9,081 | -52.5% |
| Gross operating margin | 9900 | €154,744 | €137,128 | -€17,615 | -11.4% |
| Operating profit (loss) | 9901 | €4,291 | -€829 | -€5,121 | |
| Financial income | 75/76B | €3,914 | €4,569 | +€655 | +16.7% |
| Recurring financial income | 75 | €3,914 | €4,569 | +€655 | +16.7% |
| Financial charges | 65/66B | €5,850 | €5,789 | -€60 | -1.0% |
| Recurring financial charges | 65 | €5,850 | €5,789 | -€60 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €2,356 | -€2,049 | -€4,405 | |
| Income taxes | 67/77 | €2,065 | €785 | -€1,280 | -62.0% |
| Profit (loss) for the period | 9904 | €291 | -€2,834 | -€3,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €291 | -€2,834 | -€3,125 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.