VEKO TECHNICS: 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.
VEKO TECHNICS
Largest movements
- Deferred charges and accrued income -€32,450
down €32,450 (-99.6%), from €32,589 to €139
- Cash -€18,374
down €18,374 (-100.0%), from €18,374 to €0
mainly Net result for the year (-€56,125) and Trade debts (-€11,327)
- Receivables within one year +€8,004
up €8,004 (+521.2%), from €1,536 to €9,540
of which Trade receivables: +€9,291
- Receivables after one year -€3,332
down €3,332 (-4.4%), from €76,461 to €73,129
- Profit (loss) carried forward -€56,125
down €56,125 (-57.7%), from -€97,283 to -€153,408
- Accrued charges and deferred income +€23,741
up €23,741 (+2915.9%), from €814 to €24,555
- Trade debts -€11,327
down €11,327 (-29.1%), from €38,870 to €27,543
- Current portion of long-term debt -€2,868
down €2,868 (-32.8%), from €8,751 to €5,883
- Gross operating margin -€47,562
down €47,562, from €18,311 to -€29,251
- Financial charges -€18,220
down €18,220 (-43.8%), from €41,637 to €23,416
- Financial income -€15,910
down €15,910 (-98.5%), from €16,158 to €248
- Other operating charges -€1,631
down €1,631 (-30.6%), from €5,337 to €3,706
- Taxes -€430
down €430 (-100.0%), from €430 to €0
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 | €130,023 | €82,809 | -€47,214 | -36.3% |
| Fixed assets | 21/28 | €933 | €0 | -€933 | -100.0% |
| Tangible fixed assets | 22/27 | €933 | €0 | -€933 | -100.0% |
| Furniture and vehicles | 24 | €933 | €0 | -€933 | -100.0% |
| Current assets | 29/58 | €129,090 | €82,809 | -€46,282 | -35.9% |
| Amounts receivable after more than one year | 29 | €76,461 | €73,129 | -€3,332 | -4.4% |
| Other amounts receivable | 291 | €76,461 | €73,129 | -€3,332 | -4.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,536 | €9,540 | +€8,004 | +521.2% |
| Trade receivables | 40 | €249 | €9,540 | +€9,291 | +3729.8% |
| Other amounts receivable | 41 | €1,287 | €0 | -€1,287 | -100.0% |
| Current investments | 50/53 | €131 | €0 | -€131 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,374 | €0 | -€18,374 | -100.0% |
| Deferred charges and accrued income | 490/1 | €32,589 | €139 | -€32,450 | -99.6% |
| Total equity and liabilities | 10/49 | €130,023 | €82,809 | -€47,214 | -36.3% |
| Equity | 10/15 | €14,367 | -€41,758 | -€56,125 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €99,250 | €99,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,110 | €8,110 | = | 0.0% |
| Distributable reserves | 133 | €91,140 | €91,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,283 | -€153,408 | -€56,125 | -57.7% |
| Amounts payable | 17/49 | €115,656 | €124,567 | +€8,911 | +7.7% |
| Amounts payable after more than one year | 17 | €23,929 | €23,929 | = | 0.0% |
| Financial debts | 170/4 | €23,929 | €23,929 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,912 | €76,082 | -€14,830 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €8,751 | €5,883 | -€2,868 | -32.8% |
| Trade debts | 44 | €38,870 | €27,543 | -€11,327 | -29.1% |
| Suppliers | 440/4 | €38,870 | €27,543 | -€11,327 | -29.1% |
| Taxes, remuneration and social security | 45 | €18,641 | €18,034 | -€608 | -3.3% |
| Taxes | 450/3 | €18,641 | €18,034 | -€608 | -3.3% |
| Other amounts payable | 47/48 | €24,650 | €24,622 | -€28 | -0.1% |
| Accrued charges and deferred income | 492/3 | €814 | €24,555 | +€23,741 | +2915.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €0 | -€271 | -100.0% |
| Other operating charges | 640/8 | €5,337 | €3,706 | -€1,631 | -30.6% |
| Gross operating margin | 9900 | €18,311 | -€29,251 | -€47,562 | |
| Operating profit (loss) | 9901 | €12,702 | -€32,957 | -€45,659 | |
| Financial income | 75/76B | €16,158 | €248 | -€15,910 | -98.5% |
| Recurring financial income | 75 | €16,158 | €248 | -€15,910 | -98.5% |
| Financial charges | 65/66B | €41,637 | €23,416 | -€18,220 | -43.8% |
| Recurring financial charges | 65 | €41,637 | €23,416 | -€18,220 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,777 | -€56,125 | -€43,349 | -339.3% |
| Income taxes | 67/77 | €430 | €0 | -€430 | -100.0% |
| Profit (loss) for the period | 9904 | -€13,206 | -€56,125 | -€42,919 | -325.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,206 | -€56,125 | -€42,919 | -325.0% |
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 11 October 2026 via checked.be.