Veldeman Group II: 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.
Veldeman Group II
Largest movements
- Receivables within one year +€493,173
up €493,173 (+200%), from €246,897 to €740,070
of which Trade receivables: +€461,539
- Intangible fixed assets +€444,833
up €444,833 (+539%), from €82,594 to €527,427
- Other debts +€1.2m
up €1.2m (+87.5%), from €1.4m to €2.6m
- Profit (loss) carried forward -€383,777
down €383,777 (-10.9%), from -€3.5m to -€3.9m
- Turnover +€583,933
up €583,933 (+101%), from €580,358 to €1.2m
- Services and other goods +€269,325
up €269,325 (+44.3%), from €607,337 to €876,662
- Financial charges -€142,960
down €142,960 (-19.0%), from €753,804 to €610,844
- Depreciation +€57,021
up €57,021 (+1,610%), from €3,541 to €60,562
- Financial income -€37,884
no longer reported in 2025 (was €37,884)
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 | €31,789,498 | €32,736,083 | +€946,586 | +3.0% |
| Fixed assets | 21/28 | €31,536,359 | €31,981,192 | +€444,833 | +1.4% |
| Intangible fixed assets | 21 | €82,594 | €527,427 | +€444,833 | +539% |
| Financial fixed assets | 28 | €31,453,765 | €31,453,765 | = | 0.0% |
| Affiliated companies | 280/1 | €31,453,765 | €31,453,765 | = | 0.0% |
| Participating interests | 280 | €31,453,765 | €31,453,765 | = | 0.0% |
| Current assets | 29/58 | €253,139 | €754,891 | +€501,753 | +198% |
| Amounts receivable within one year | 40/41 | €246,897 | €740,070 | +€493,173 | +200% |
| Trade receivables | 40 | €174,371 | €635,910 | +€461,539 | +265% |
| Other amounts receivable | 41 | €72,526 | €104,160 | +€31,634 | +43.6% |
| Cash at bank and in hand | 54/58 | €6,242 | €14,821 | +€8,579 | +137% |
| Total equity and liabilities | 10/49 | €31,789,498 | €32,736,083 | +€946,586 | +3.0% |
| Equity | 10/15 | €21,140,270 | €20,756,494 | -€383,777 | -1.8% |
| Contributions | 10/11 | €24,656,071 | €24,656,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,515,801 | -€3,899,577 | -€383,777 | -10.9% |
| Amounts payable | 17/49 | €10,649,227 | €11,979,590 | +€1.3m | +12.5% |
| Amounts payable after more than one year | 17 | €9,105,971 | €9,105,971 | = | 0.0% |
| Financial debts | 170/4 | €9,105,971 | €9,105,971 | = | 0.0% |
| Credit institutions | 173 | €9,105,971 | €9,105,971 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,543,256 | €2,873,618 | +€1.3m | +86.2% |
| Trade debts | 44 | €67,622 | €230,762 | +€163,141 | +241% |
| Suppliers | 440/4 | €67,622 | €230,762 | +€163,141 | +241% |
| Taxes, remuneration and social security | 45 | €66,446 | - | -€66,446 | |
| Taxes | 450/3 | €66,446 | - | -€66,446 | |
| Other amounts payable | 47/48 | €1,409,188 | €2,642,856 | +€1.2m | +87.5% |
| Operating income | 70/76A | €580,358 | €1,164,291 | +€583,933 | +101% |
| Turnover | 70 | €580,358 | €1,164,291 | +€583,933 | +101% |
| Operating charges | 60/66A | €611,015 | €937,224 | +€326,209 | +53.4% |
| Services and other goods | 61 | €607,337 | €876,662 | +€269,325 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €60,562 | +€57,021 | +1,610% |
| Other operating charges | 640/8 | €137 | - | -€137 | |
| Operating profit (loss) | 9901 | -€30,657 | €227,067 | +€257,724 | |
| Financial income | 75/76B | €37,884 | - | -€37,884 | |
| Recurring financial income | 75 | €37,884 | - | -€37,884 | |
| Other financial income | 752/9 | €37,884 | - | -€37,884 | |
| Financial charges | 65/66B | €753,804 | €610,844 | -€142,960 | -19.0% |
| Recurring financial charges | 65 | €753,804 | €610,844 | -€142,960 | -19.0% |
| Debt charges | 650 | €753,804 | €610,844 | -€142,960 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€746,577 | -€383,777 | +€362,801 | +48.6% |
| Profit (loss) for the period | 9904 | -€746,577 | -€383,777 | +€362,801 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€746,577 | -€383,777 | +€362,801 | +48.6% |
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 27 October 2026 via checked.be.