Veva: 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.
Veva
Largest movements
- Tangible fixed assets -€40,637
down €40,637 (-4.0%), from €1.0m to €972,791
of which Land and buildings: -€34,837
- Receivables after one year -€16,470
down €16,470 (-23.1%), from €71,448 to €54,978
of which Trade receivables: -€16,470
- Debts after one year -€44,855
down €44,855 (-15.1%), from €296,431 to €251,576
- Gross operating margin -€2,632
down €2,632 (-3.6%), from €74,146 to €71,514
- Depreciation -€1,843
down €1,843 (-4.3%), from €42,481 to €40,637
- Financial income +€1,836
up €1,836 (+267.0%), from €688 to €2,523
of which Non-recurring financial income: +€1,996
- Financial charges -€1,043
down €1,043 (-7.8%), from €13,420 to €12,377
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 | €1,482,274 | €1,427,583 | -€54,691 | -3.7% |
| Fixed assets | 21/28 | €1,013,428 | €972,791 | -€40,637 | -4.0% |
| Tangible fixed assets | 22/27 | €1,013,428 | €972,791 | -€40,637 | -4.0% |
| Land and buildings | 22 | €979,569 | €944,732 | -€34,837 | -3.6% |
| Plant, machinery and equipment | 23 | €33,859 | €28,059 | -€5,800 | -17.1% |
| Current assets | 29/58 | €468,846 | €454,793 | -€14,053 | -3.0% |
| Amounts receivable after more than one year | 29 | €71,448 | €54,978 | -€16,470 | -23.1% |
| Trade receivables | 290 | €71,448 | €54,978 | -€16,470 | -23.1% |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €183,157 | €173,069 | -€10,089 | -5.5% |
| Stocks | 30/36 | €183,157 | €173,069 | -€10,089 | -5.5% |
| Amounts receivable within one year | 40/41 | €202,901 | €209,769 | +€6,868 | +3.4% |
| Trade receivables | 40 | €193,420 | €200,289 | +€6,868 | +3.6% |
| Other amounts receivable | 41 | €9,480 | €9,480 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,340 | €16,977 | +€5,637 | +49.7% |
| Total equity and liabilities | 10/49 | €1,482,274 | €1,427,583 | -€54,691 | -3.7% |
| Equity | 10/15 | €989,675 | €989,732 | +€57 | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €739,675 | €739,732 | +€57 | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,038 | €13,038 | = | 0.0% |
| Distributable reserves | 133 | €701,637 | €701,694 | +€57 | 0.0% |
| Amounts payable | 17/49 | €492,599 | €437,851 | -€54,748 | -11.1% |
| Amounts payable after more than one year | 17 | €296,431 | €251,576 | -€44,855 | -15.1% |
| Financial debts | 170/4 | €296,431 | €251,576 | -€44,855 | -15.1% |
| Amounts payable within one year | 42/48 | €196,168 | €186,275 | -€9,893 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €48,300 | €47,363 | -€936 | -1.9% |
| Trade debts | 44 | €3,789 | €3,732 | -€58 | -1.5% |
| Suppliers | 440/4 | €3,789 | €3,732 | -€58 | -1.5% |
| Taxes, remuneration and social security | 45 | €2,783 | €3,884 | +€1,101 | +39.6% |
| Taxes | 450/3 | €2,783 | €3,884 | +€1,101 | +39.6% |
| Other amounts payable | 47/48 | €141,296 | €131,296 | -€10,000 | -7.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,481 | €40,637 | -€1,843 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,640 | €9,067 | -€573 | -5.9% |
| Other operating charges | 640/8 | €11,586 | €11,712 | +€126 | +1.1% |
| Gross operating margin | 9900 | €74,146 | €71,514 | -€2,632 | -3.6% |
| Operating profit (loss) | 9901 | €10,440 | €10,098 | -€342 | -3.3% |
| Financial income | 75/76B | €688 | €2,523 | +€1,836 | +267.0% |
| Recurring financial income | 75 | €688 | €527 | -€161 | -23.3% |
| Non-recurring financial income | 76B | - | €1,996 | +€1,996 | |
| Financial charges | 65/66B | €13,420 | €12,377 | -€1,043 | -7.8% |
| Recurring financial charges | 65 | €13,420 | €12,377 | -€1,043 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,292 | €244 | +€2,536 | |
| Income taxes | 67/77 | €182 | €188 | +€5 | +2.9% |
| Profit (loss) for the period | 9904 | -€2,474 | €57 | +€2,531 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,474 | €57 | +€2,531 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.