Veldeman DB: 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.
What changed
Veldeman DB
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€249,624
2024 · €287,324-€37,699
Equity
€1.4m
2024 · €1.1m+€249,624
Cash
€98,668
2024 · €124,347-€25,678
Balance sheet total
€5.8m
2024 · €5.2m+€606,287
Largest movements
Assets
- Tangible fixed assets +€640,705
up €640,705 (+52.8%), from €1.2m to €1.9m
of which Land and buildings: +€382,265
- Receivables within one year -€305,869
down €305,869 (-11.1%), from €2.8m to €2.5m
of which Trade receivables: -€240,263
- Stocks and contracts +€300,298
up €300,298 (+30.9%), from €970,601 to €1.3m
of which Contracts in progress: +€345,869
Equity and liabilities
- Debts after one year +€664,104
up €664,104 (+36.8%), from €1.8m to €2.5m
- Profit (loss) carried forward +€249,624
up €249,624 (+22.1%), from €1.1m to €1.4m
- Trade debts -€209,353
down €209,353 (-19.9%), from €1.1m to €840,731
- Advances received -€171,356
down €171,356 (-28.2%), from €608,371 to €437,015
Income statement
- Turnover +€1.6m
up €1.6m (+14.4%), from €11.4m to €13.1m
- Goods and materials +€1.6m
up €1.6m (+23.2%), from €6.9m to €8.5m
of which Purchases: +€1.6m
- Staff costs +€249,274
up €249,274 (+11.0%), from €2.3m to €2.5m
- Write-downs -€235,436
down €235,436, from €131,848 to -€103,587
- Depreciation +€136,683
up €136,683 (+86.7%), from €157,731 to €294,414
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
€287,324
Turnover
+€1.6m
Other operating income
+€5,304
Goods and materials
-€1.6m
Services and other goods
-€18,010
Staff costs
-€249,274
Depreciation
-€136,683
Write-downs
+€235,436
Other operating charges
-€5,011
Other operating items
+€172,459
Financial income
-€33,295
Financial charges
-€71,300
Taxes
+€15,133
Result 2025
€249,624
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
+€221,192
Investment
-€931,950
Financing
+€685,080
Cash 2024
€124,347
From operations (derived)
+€221,192
Net result for the year
+€249,624
Depreciation
+€294,414
Stocks and contracts
-€300,298
Receivables within one year
+€305,869
Trade debts
-€209,353
Tax, wage and social debts
+€11,242
Advances received
-€171,356
Other debts
+€38,929
Accrued charges and deferred income
+€2,121
Investment (derived)
-€931,950
Investment in fixed assets (net)
-€931,950
Financing
+€685,080
Debts after one year
+€664,104
Current portion of long-term debt
+€20,976
Cash 2025
€98,668
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,189,153 | €5,795,441 | +€606,287 | +11.7% |
| Fixed assets | 21/28 | €1,328,771 | €1,966,307 | +€637,537 | +48.0% |
| Intangible fixed assets | 21 | €19,514 | €18,766 | -€748 | -3.8% |
| Tangible fixed assets | 22/27 | €1,214,272 | €1,854,976 | +€640,705 | +52.8% |
| Land and buildings | 22 | - | €382,265 | +€382,265 | |
| Plant, machinery and equipment | 23 | €1,059,320 | €1,084,920 | +€25,600 | +2.4% |
| Furniture and vehicles | 24 | €18,413 | €51,702 | +€33,289 | +180.8% |
| Leasing and similar rights | 25 | €136,539 | €336,089 | +€199,550 | +146.1% |
| Financial fixed assets | 28 | €94,985 | €92,565 | -€2,420 | -2.5% |
| Affiliated companies | 280/1 | €60,645 | €60,645 | = | 0.0% |
| Participating interests | 280 | €60,645 | €60,645 | = | 0.0% |
| Other financial fixed assets | 284/8 | €34,340 | €31,920 | -€2,420 | -7.0% |
| Shares | 284 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €34,290 | €31,870 | -€2,420 | -7.1% |
| Current assets | 29/58 | €3,860,382 | €3,829,133 | -€31,249 | -0.8% |
| Stocks and contracts in progress | 3 | €970,601 | €1,270,899 | +€300,298 | +30.9% |
| Stocks | 30/36 | €220,545 | €174,974 | -€45,571 | -20.7% |
| Goods purchased for resale | 34 | €220,545 | €174,974 | -€45,571 | -20.7% |
| Contracts in progress | 37 | €750,056 | €1,095,925 | +€345,869 | +46.1% |
| Amounts receivable within one year | 40/41 | €2,765,435 | €2,459,566 | -€305,869 | -11.1% |
| Trade receivables | 40 | €2,600,982 | €2,360,719 | -€240,263 | -9.2% |
| Other amounts receivable | 41 | €164,452 | €98,847 | -€65,606 | -39.9% |
| Cash at bank and in hand | 54/58 | €124,347 | €98,668 | -€25,678 | -20.7% |
| Total equity and liabilities | 10/49 | €5,189,153 | €5,795,441 | +€606,287 | +11.7% |
| Equity | 10/15 | €1,138,197 | €1,387,821 | +€249,624 | +21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,160 | €2,160 | = | 0.0% |
| Distributable reserves | 133 | €2,160 | €2,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,129,837 | €1,379,461 | +€249,624 | +22.1% |
| Amounts payable | 17/49 | €4,050,956 | €4,407,619 | +€356,663 | +8.8% |
| Amounts payable after more than one year | 17 | €1,803,159 | €2,467,263 | +€664,104 | +36.8% |
| Financial debts | 170/4 | €1,803,159 | €2,467,263 | +€664,104 | +36.8% |
| Leasing and similar obligations | 172 | €89,885 | €205,117 | +€115,231 | +128.2% |
| Credit institutions | 173 | €702,496 | €853,146 | +€150,650 | +21.4% |
| Other loans | 174 | €1,010,777 | €1,409,000 | +€398,223 | +39.4% |
| Amounts payable within one year | 42/48 | €2,244,743 | €1,935,180 | -€309,562 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €356,053 | €377,029 | +€20,976 | +5.9% |
| Trade debts | 44 | €1,050,084 | €840,731 | -€209,353 | -19.9% |
| Suppliers | 440/4 | €1,050,084 | €840,731 | -€209,353 | -19.9% |
| Advances received on contracts in progress | 46 | €608,371 | €437,015 | -€171,356 | -28.2% |
| Taxes, remuneration and social security | 45 | €230,234 | €241,477 | +€11,242 | +4.9% |
| Taxes | 450/3 | €42,489 | €39,709 | -€2,781 | -6.5% |
| Remuneration and social security | 454/9 | €187,745 | €201,768 | +€14,023 | +7.5% |
| Other amounts payable | 47/48 | - | €38,929 | +€38,929 | |
| Accrued charges and deferred income | 492/3 | €3,055 | €5,176 | +€2,121 | +69.4% |
| Operating income | 70/76A | €11,730,319 | €13,528,347 | +€1.8m | +15.3% |
| Turnover | 70 | €11,437,461 | €13,080,879 | +€1.6m | +14.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €217,265 | €345,869 | +€128,603 | +59.2% |
| Other operating income | 74 | €72,962 | €78,266 | +€5,304 | +7.3% |
| Non-recurring operating income | 76A | €2,630 | €23,333 | +€20,703 | +787.2% |
| Operating charges | 60/66A | €11,313,609 | €13,059,875 | +€1.7m | +15.4% |
| Goods for resale, raw materials and consumables | 60 | €6,880,599 | €8,476,475 | +€1.6m | +23.2% |
| Purchases | 600/8 | €6,834,121 | €8,430,904 | +€1.6m | +23.4% |
| Change in stocks: decrease (increase) | 609 | €46,478 | €45,571 | -€907 | -2.0% |
| Services and other goods | 61 | €1,840,220 | €1,858,230 | +€18,010 | +1.0% |
| Remuneration, social security and pensions | 62 | €2,266,760 | €2,516,034 | +€249,274 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,731 | €294,414 | +€136,683 | +86.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131,848 | -€103,587 | -€235,436 | |
| Other operating charges | 640/8 | €13,297 | €18,308 | +€5,011 | +37.7% |
| Non-recurring operating charges | 66A | €23,152 | - | -€23,152 | |
| Operating profit (loss) | 9901 | €416,710 | €468,472 | +€51,762 | +12.4% |
| Financial income | 75/76B | €46,536 | €13,241 | -€33,295 | -71.5% |
| Recurring financial income | 75 | €46,536 | €13,241 | -€33,295 | -71.5% |
| Income from current assets | 751 | €0 | €0 | +€0 | +100.0% |
| Other financial income | 752/9 | €46,536 | €13,241 | -€33,295 | -71.5% |
| Financial charges | 65/66B | €54,525 | €125,824 | +€71,300 | +130.8% |
| Recurring financial charges | 65 | €54,525 | €125,824 | +€71,300 | +130.8% |
| Debt charges | 650 | €37,976 | €94,776 | +€56,800 | +149.6% |
| Other financial charges | 652/9 | €16,548 | €31,048 | +€14,500 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €408,721 | €355,889 | -€52,832 | -12.9% |
| Income taxes | 67/77 | €121,397 | €106,265 | -€15,133 | -12.5% |
| Taxes | 670/3 | €121,800 | €106,407 | -€15,393 | -12.6% |
| Tax adjustments and reversals of tax provisions | 77 | €403 | €142 | -€261 | -64.8% |
| Profit (loss) for the period | 9904 | €287,324 | €249,624 | -€37,699 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €287,324 | €249,624 | -€37,699 | -13.1% |
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 12 October 2026 via checked.be.