VEOSIS: 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.
VEOSIS
Largest movements
- Financial fixed assets +€157,163
up €157,163 (+142.9%), from €110,000 to €267,163
- Receivables within one year -€133,376
down €133,376 (-57.2%), from €233,013 to €99,637
of which Trade receivables: -€162,165
- Tangible fixed assets -€6,451
down €6,451 (-49.6%), from €13,018 to €6,567
of which Furniture and vehicles: -€5,211
- Other debts +€17,565
up €17,565 (+5.0%), from €350,961 to €368,526
- Financial income -€10,506
down €10,506 (-99.8%), from €10,530 to €24
- Gross operating margin -€8,327
down €8,327 (-52.3%), from €15,908 to €7,581
- Taxes -€2,214
down €2,214, from €2,186 to -€28
- Depreciation +€1,464
up €1,464 (+26.9%), from €5,445 to €6,910
- Other operating charges -€1,383
down €1,383 (-85.7%), from €1,614 to €231
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 | €429,806 | €450,058 | +€20,252 | +4.7% |
| Fixed assets | 21/28 | €123,018 | €273,731 | +€150,712 | +122.5% |
| Tangible fixed assets | 22/27 | €13,018 | €6,567 | -€6,451 | -49.6% |
| Plant, machinery and equipment | 23 | €4,825 | €3,584 | -€1,240 | -25.7% |
| Furniture and vehicles | 24 | €8,194 | €2,983 | -€5,211 | -63.6% |
| Financial fixed assets | 28 | €110,000 | €267,163 | +€157,163 | +142.9% |
| Current assets | 29/58 | €306,787 | €176,327 | -€130,460 | -42.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €20,322 | €23,792 | +€3,470 | +17.1% |
| Contracts in progress | 37 | €20,322 | €23,792 | +€3,470 | +17.1% |
| Amounts receivable within one year | 40/41 | €233,013 | €99,637 | -€133,376 | -57.2% |
| Trade receivables | 40 | €186,130 | €23,966 | -€162,165 | -87.1% |
| Other amounts receivable | 41 | €46,883 | €75,671 | +€28,788 | +61.4% |
| Current investments | 50/53 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,264 | €1,604 | -€1,660 | -50.9% |
| Deferred charges and accrued income | 490/1 | €53 | €1,159 | +€1,106 | +2081.2% |
| Total equity and liabilities | 10/49 | €429,806 | €450,058 | +€20,252 | +4.7% |
| Equity | 10/15 | €69,362 | €69,417 | +€55 | +0.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €63,112 | €63,167 | +€55 | +0.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €61,257 | €61,312 | +€55 | +0.1% |
| Amounts payable | 17/49 | €360,444 | €380,640 | +€20,197 | +5.6% |
| Amounts payable within one year | 42/48 | €360,444 | €380,640 | +€20,197 | +5.6% |
| Trade debts | 44 | €922 | €4,444 | +€3,522 | +382.0% |
| Suppliers | 440/4 | €922 | €4,444 | +€3,522 | +382.0% |
| Advances received on contracts in progress | 46 | €4,254 | €6,795 | +€2,541 | +59.7% |
| Taxes, remuneration and social security | 45 | €4,307 | €876 | -€3,431 | -79.7% |
| Taxes | 450/3 | €4,307 | €876 | -€3,431 | -79.7% |
| Other amounts payable | 47/48 | €350,961 | €368,526 | +€17,565 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,445 | €6,910 | +€1,464 | +26.9% |
| Other operating charges | 640/8 | €1,614 | €231 | -€1,383 | -85.7% |
| Gross operating margin | 9900 | €15,908 | €7,581 | -€8,327 | -52.3% |
| Operating profit (loss) | 9901 | €8,849 | €440 | -€8,408 | -95.0% |
| Financial income | 75/76B | €10,530 | €24 | -€10,506 | -99.8% |
| Recurring financial income | 75 | €10,530 | €24 | -€10,506 | -99.8% |
| Financial charges | 65/66B | €1,102 | €437 | -€665 | -60.4% |
| Recurring financial charges | 65 | €1,093 | €437 | -€656 | -60.1% |
| Non-recurring financial charges | 66B | €9 | - | -€9 | |
| Profit (loss) for the period before taxes | 9903 | €18,277 | €28 | -€18,249 | -99.8% |
| Income taxes | 67/77 | €2,186 | -€28 | -€2,214 | |
| Profit (loss) for the period | 9904 | €16,091 | €55 | -€16,035 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,091 | €55 | -€16,035 | -99.7% |
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 3 October 2026 via checked.be.