VEYS E&S: 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.
VEYS E&S
Largest movements
- Tangible fixed assets +€56,205
up €56,205 (+7.3%), from €772,813 to €829,018
of which Land and buildings: +€39,607
- Cash -€37,035
down €37,035 (-65.7%), from €56,346 to €19,311
mainly Investment in fixed assets (net) (-€116,353) and Current portion of long-term debt (-€20,368)
- Reserves +€36,780
up €36,780 (+16.0%), from €229,793 to €266,573
of which Distributable reserves: +€39,280
- Current portion of long-term debt -€20,368
down €20,368 (-26.5%), from €76,896 to €56,528
- Gross operating margin -€17,234
down €17,234 (-8.3%), from €207,102 to €189,868
- Taxes -€5,237
down €5,237 (-22.3%), from €23,493 to €18,257
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 | €1,161,854 | €1,172,007 | +€10,153 | +0.9% |
| Fixed assets | 21/28 | €782,023 | €835,228 | +€53,205 | +6.8% |
| Intangible fixed assets | 21 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Tangible fixed assets | 22/27 | €772,813 | €829,018 | +€56,205 | +7.3% |
| Land and buildings | 22 | €690,165 | €729,772 | +€39,607 | +5.7% |
| Plant, machinery and equipment | 23 | €24,154 | €24,310 | +€155 | +0.6% |
| Furniture and vehicles | 24 | €58,493 | €74,936 | +€16,443 | +28.1% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €379,831 | €336,779 | -€43,052 | -11.3% |
| Stocks and contracts in progress | 3 | €246,472 | €242,612 | -€3,860 | -1.6% |
| Stocks | 30/36 | €246,472 | €242,612 | -€3,860 | -1.6% |
| Amounts receivable within one year | 40/41 | €77,013 | €74,855 | -€2,157 | -2.8% |
| Trade receivables | 40 | €71,595 | €64,575 | -€7,020 | -9.8% |
| Other amounts receivable | 41 | €5,417 | €10,280 | +€4,863 | +89.8% |
| Cash at bank and in hand | 54/58 | €56,346 | €19,311 | -€37,035 | -65.7% |
| Total equity and liabilities | 10/49 | €1,161,854 | €1,172,007 | +€10,153 | +0.9% |
| Equity | 10/15 | €488,725 | €525,506 | +€36,780 | +7.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €233,932 | €233,932 | = | 0.0% |
| Reserves | 13 | €229,793 | €266,573 | +€36,780 | +16.0% |
| Non-distributable reserves | 130/1 | €2,500 | €0 | -€2,500 | -100% |
| Reserves not available under the articles | 1311 | €2,500 | €0 | -€2,500 | -100% |
| Distributable reserves | 133 | €227,293 | €266,573 | +€39,280 | +17.3% |
| Amounts payable | 17/49 | €673,128 | €646,501 | -€26,627 | -4.0% |
| Amounts payable after more than one year | 17 | €373,848 | €379,302 | +€5,454 | +1.5% |
| Financial debts | 170/4 | €373,848 | €379,302 | +€5,454 | +1.5% |
| Amounts payable within one year | 42/48 | €299,280 | €267,199 | -€32,081 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €76,896 | €56,528 | -€20,368 | -26.5% |
| Trade debts | 44 | €102,257 | €98,407 | -€3,850 | -3.8% |
| Suppliers | 440/4 | €102,257 | €98,407 | -€3,850 | -3.8% |
| Taxes, remuneration and social security | 45 | €26,313 | €23,643 | -€2,670 | -10.1% |
| Taxes | 450/3 | €24,318 | €15,923 | -€8,395 | -34.5% |
| Remuneration and social security | 454/9 | €1,994 | €7,720 | +€5,726 | +287% |
| Other amounts payable | 47/48 | €93,814 | €88,621 | -€5,193 | -5.5% |
| Remuneration, social security and pensions | 62 | €41,888 | €40,497 | -€1,391 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,936 | €63,147 | +€1,211 | +2.0% |
| Other operating charges | 640/8 | €8,188 | €8,806 | +€619 | +7.6% |
| Gross operating margin | 9900 | €207,102 | €189,868 | -€17,234 | -8.3% |
| Operating profit (loss) | 9901 | €95,091 | €77,417 | -€17,673 | -18.6% |
| Financial income | 75/76B | €2,417 | €3,876 | +€1,460 | +60.4% |
| Recurring financial income | 75 | €2,417 | €3,876 | +€1,460 | +60.4% |
| Financial charges | 65/66B | €26,035 | €26,256 | +€221 | +0.8% |
| Recurring financial charges | 65 | €26,035 | €26,256 | +€221 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €71,472 | €55,037 | -€16,435 | -23.0% |
| Income taxes | 67/77 | €23,493 | €18,257 | -€5,237 | -22.3% |
| Profit (loss) for the period | 9904 | €47,979 | €36,780 | -€11,198 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,979 | €36,780 | -€11,198 | -23.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.