VEVA BRANDS: 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.
VEVA BRANDS
Largest movements
- Stocks and contracts -€72,552
down €72,552 (-22.5%), from €323,148 to €250,597
- Tangible fixed assets -€57,467
down €57,467 (-27.4%), from €209,777 to €152,309
of which Furniture and vehicles: -€35,392
- Cash -€25,918
down €25,918 (-8.1%), from €319,337 to €293,419
mainly Net result for the year (-€109,253) and Debts after one year (-€62,704)
- Receivables within one year -€22,722
down €22,722 (-39.1%), from €58,134 to €35,412
of which Trade receivables: -€22,354
- Profit (loss) carried forward -€109,253
down €109,253 (-95.8%), from -€114,031 to -€223,284
- Debts after one year -€62,704
down €62,704 (-50.5%), from €124,114 to €61,409
- Tax, wage and social debts -€18,787
down €18,787 (-42.7%), from €44,004 to €25,217
of which Remuneration and social security: -€17,921
- Trade debts +€10,232
up €10,232 (+45.6%), from €22,438 to €32,670
- Staff costs -€50,090
down €50,090 (-18.0%), from €277,995 to €227,905
- Depreciation -€10,687
down €10,687 (-15.7%), from €68,155 to €57,467
- Gross operating margin +€3,295
up €3,295 (+1.7%), from €188,807 to €192,102
- Financial income +€2,161
up €2,161 (+3,490%), from €62 to €2,223
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 | €917,391 | €735,701 | -€181,690 | -19.8% |
| Fixed assets | 21/28 | €209,826 | €152,359 | -€57,467 | -27.4% |
| Tangible fixed assets | 22/27 | €209,777 | €152,309 | -€57,467 | -27.4% |
| Land and buildings | 22 | €92,515 | €76,546 | -€15,968 | -17.3% |
| Plant, machinery and equipment | 23 | €42,584 | €36,477 | -€6,107 | -14.3% |
| Furniture and vehicles | 24 | €74,678 | €39,286 | -€35,392 | -47.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €707,565 | €583,342 | -€124,222 | -17.6% |
| Stocks and contracts in progress | 3 | €323,148 | €250,597 | -€72,552 | -22.5% |
| Stocks | 30/36 | €323,148 | €250,597 | -€72,552 | -22.5% |
| Amounts receivable within one year | 40/41 | €58,134 | €35,412 | -€22,722 | -39.1% |
| Trade receivables | 40 | €57,766 | €35,412 | -€22,354 | -38.7% |
| Other amounts receivable | 41 | €368 | - | -€368 | |
| Cash at bank and in hand | 54/58 | €319,337 | €293,419 | -€25,918 | -8.1% |
| Deferred charges and accrued income | 490/1 | €6,945 | €3,914 | -€3,030 | -43.6% |
| Total equity and liabilities | 10/49 | €917,391 | €735,701 | -€181,690 | -19.8% |
| Equity | 10/15 | €577,569 | €468,316 | -€109,253 | -18.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €671,600 | €671,600 | = | 0.0% |
| Distributable reserves | 133 | €671,600 | €671,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,031 | -€223,284 | -€109,253 | -95.8% |
| Amounts payable | 17/49 | €339,822 | €267,386 | -€72,436 | -21.3% |
| Amounts payable after more than one year | 17 | €124,114 | €61,409 | -€62,704 | -50.5% |
| Financial debts | 170/4 | €124,114 | €61,409 | -€62,704 | -50.5% |
| Amounts payable within one year | 42/48 | €215,708 | €205,976 | -€9,732 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €62,190 | €62,704 | +€514 | +0.8% |
| Trade debts | 44 | €22,438 | €32,670 | +€10,232 | +45.6% |
| Suppliers | 440/4 | €22,438 | €32,670 | +€10,232 | +45.6% |
| Advances received on contracts in progress | 46 | - | €2,163 | +€2,163 | |
| Taxes, remuneration and social security | 45 | €44,004 | €25,217 | -€18,787 | -42.7% |
| Taxes | 450/3 | €1,618 | €753 | -€865 | -53.5% |
| Remuneration and social security | 454/9 | €42,386 | €24,465 | -€17,921 | -42.3% |
| Other amounts payable | 47/48 | €87,076 | €83,222 | -€3,855 | -4.4% |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Remuneration, social security and pensions | 62 | €277,995 | €227,905 | -€50,090 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,155 | €57,467 | -€10,687 | -15.7% |
| Other operating charges | 640/8 | €14,650 | €13,466 | -€1,184 | -8.1% |
| Non-recurring operating charges | 66A | - | €758 | +€758 | |
| Gross operating margin | 9900 | €188,807 | €192,102 | +€3,295 | +1.7% |
| Operating profit (loss) | 9901 | -€171,993 | -€107,495 | +€64,498 | +37.5% |
| Financial income | 75/76B | €62 | €2,223 | +€2,161 | +3,490% |
| Recurring financial income | 75 | €62 | €2,223 | +€2,161 | +3,490% |
| Financial charges | 65/66B | €4,573 | €3,333 | -€1,240 | -27.1% |
| Recurring financial charges | 65 | €4,573 | €3,333 | -€1,240 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€176,504 | -€108,605 | +€67,899 | +38.5% |
| Income taxes | 67/77 | €776 | €648 | -€127 | -16.4% |
| Profit (loss) for the period | 9904 | -€177,279 | -€109,253 | +€68,026 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€177,279 | -€109,253 | +€68,026 | +38.4% |
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 18 October 2026 via checked.be.