VEUGEN: 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.
VEUGEN
Largest movements
- Tangible fixed assets +€409,407
up €409,407 (+7,373%), from €5,553 to €414,960
of which Land and buildings: +€347,799
- Receivables within one year +€14,030
up €14,030 (+26.7%), from €52,523 to €66,553
of which Other amounts receivable: +€10,649
- Deferred charges and accrued income -€13,442
down €13,442 (-82.3%), from €16,330 to €2,888
- Cash +€11,732
up €11,732 (+31.3%), from €37,515 to €49,247
mainly Debts after one year (+€450,000) and Deferred charges and accrued income (+€13,442)
- Debts after one year +€450,000
up €450,000, from €0 to €450,000
- Other debts -€27,855
down €27,855 (-73.3%), from €37,994 to €10,139
- Trade debts -€8,575
down €8,575 (-14.3%), from €59,876 to €51,301
- Tax, wage and social debts +€8,158
up €8,158, from €0 to €8,158
- Gross operating margin -€23,485
down €23,485 (-40.5%), from €57,981 to €34,496
- Depreciation +€7,957
up €7,957 (+277%), from €2,874 to €10,831
- Taxes -€6,248
down €6,248 (-43.4%), from €14,402 to €8,153
- Other operating charges +€1,858
up €1,858 (+95.4%), from €1,948 to €3,806
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 | €111,974 | €533,702 | +€421,728 | +377% |
| Fixed assets | 21/28 | €5,607 | €415,014 | +€409,407 | +7,302% |
| Tangible fixed assets | 22/27 | €5,553 | €414,960 | +€409,407 | +7,373% |
| Land and buildings | 22 | €0 | €347,799 | +€347,799 | |
| Furniture and vehicles | 24 | €5,553 | €67,161 | +€61,608 | +1,109% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €106,367 | €118,688 | +€12,321 | +11.6% |
| Amounts receivable within one year | 40/41 | €52,523 | €66,553 | +€14,030 | +26.7% |
| Trade receivables | 40 | €38,056 | €41,437 | +€3,381 | +8.9% |
| Other amounts receivable | 41 | €14,467 | €25,116 | +€10,649 | +73.6% |
| Cash at bank and in hand | 54/58 | €37,515 | €49,247 | +€11,732 | +31.3% |
| Deferred charges and accrued income | 490/1 | €16,330 | €2,888 | -€13,442 | -82.3% |
| Total equity and liabilities | 10/49 | €111,974 | €533,702 | +€421,728 | +377% |
| Equity | 10/15 | €14,103 | €14,103 | = | 0.0% |
| Contributions | 10/11 | €10,053 | €10,053 | = | 0.0% |
| Reserves | 13 | €4,050 | €4,050 | = | 0.0% |
| Distributable reserves | 133 | €4,050 | €4,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,870 | €519,599 | +€421,728 | +431% |
| Amounts payable after more than one year | 17 | €0 | €450,000 | +€450,000 | |
| Financial debts | 170/4 | €0 | €450,000 | +€450,000 | |
| Amounts payable within one year | 42/48 | €97,870 | €69,599 | -€28,272 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €59,876 | €51,301 | -€8,575 | -14.3% |
| Suppliers | 440/4 | €59,876 | €51,301 | -€8,575 | -14.3% |
| Taxes, remuneration and social security | 45 | €0 | €8,158 | +€8,158 | |
| Taxes | 450/3 | €0 | €8,158 | +€8,158 | |
| Other amounts payable | 47/48 | €37,994 | €10,139 | -€27,855 | -73.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,874 | €10,831 | +€7,957 | +277% |
| Other operating charges | 640/8 | €1,948 | €3,806 | +€1,858 | +95.4% |
| Gross operating margin | 9900 | €57,981 | €34,496 | -€23,485 | -40.5% |
| Operating profit (loss) | 9901 | €53,159 | €19,859 | -€33,300 | -62.6% |
| Financial income | 75/76B | €15 | €307 | +€293 | +2,014% |
| Recurring financial income | 75 | €15 | €307 | +€293 | +2,014% |
| Financial charges | 65/66B | €1,443 | €1,874 | +€431 | +29.8% |
| Recurring financial charges | 65 | €1,443 | €1,874 | +€431 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €51,730 | €18,292 | -€33,437 | -64.6% |
| Income taxes | 67/77 | €14,402 | €8,153 | -€6,248 | -43.4% |
| Profit (loss) for the period | 9904 | €37,328 | €10,139 | -€27,189 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,328 | €10,139 | -€27,189 | -72.8% |
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 23 October 2026 via checked.be.