VEYS LUC: 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 LUC
Largest movements
- Tangible fixed assets -€4,970
down €4,970 (-21.1%), from €23,532 to €18,561
of which Plant, machinery and equipment: -€3,499
- Cash +€3,751
up €3,751 (+4.4%), from €84,842 to €88,593
mainly Depreciation (+€4,970) and Advances received (+€2,290)
- Receivables within one year -€1,263
down €1,263 (-62.8%), from €2,009 to €747
of which Trade receivables: -€1,066
- Profit (loss) carried forward -€3,722
down €3,722 (-9.4%), from €39,759 to €36,037
- Advances received +€2,290
up €2,290 (+763%), from €300 to €2,590
- Gross operating margin -€12,981
down €12,981 (-79.6%), from €16,317 to €3,336
- Depreciation +€878
up €878 (+21.4%), from €4,093 to €4,970
- Other operating charges -€191
down €191 (-7.1%), from €2,681 to €2,490
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 | €112,772 | €110,384 | -€2,388 | -2.1% |
| Fixed assets | 21/28 | €23,916 | €18,945 | -€4,970 | -20.8% |
| Tangible fixed assets | 22/27 | €23,532 | €18,561 | -€4,970 | -21.1% |
| Land and buildings | 22 | €2,942 | €1,471 | -€1,471 | -50.0% |
| Plant, machinery and equipment | 23 | €20,589 | €17,090 | -€3,499 | -17.0% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €88,857 | €91,439 | +€2,582 | +2.9% |
| Stocks and contracts in progress | 3 | €374 | €333 | -€42 | -11.2% |
| Stocks | 30/36 | €374 | €333 | -€42 | -11.2% |
| Amounts receivable within one year | 40/41 | €2,009 | €747 | -€1,263 | -62.8% |
| Trade receivables | 40 | €1,186 | €120 | -€1,066 | -89.9% |
| Other amounts receivable | 41 | €824 | €627 | -€197 | -23.9% |
| Cash at bank and in hand | 54/58 | €84,842 | €88,593 | +€3,751 | +4.4% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,767 | +€136 | +8.3% |
| Total equity and liabilities | 10/49 | €112,772 | €110,384 | -€2,388 | -2.1% |
| Equity | 10/15 | €60,210 | €56,488 | -€3,722 | -6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,759 | €36,037 | -€3,722 | -9.4% |
| Amounts payable | 17/49 | €52,562 | €53,896 | +€1,334 | +2.5% |
| Amounts payable within one year | 42/48 | €52,562 | €53,896 | +€1,334 | +2.5% |
| Trade debts | 44 | €2,326 | €1,369 | -€956 | -41.1% |
| Suppliers | 440/4 | €2,326 | €1,369 | -€956 | -41.1% |
| Advances received on contracts in progress | 46 | €300 | €2,590 | +€2,290 | +763% |
| Other amounts payable | 47/48 | €49,937 | €49,937 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,093 | €4,970 | +€878 | +21.4% |
| Other operating charges | 640/8 | €2,681 | €2,490 | -€191 | -7.1% |
| Gross operating margin | 9900 | €16,317 | €3,336 | -€12,981 | -79.6% |
| Operating profit (loss) | 9901 | €9,543 | -€4,124 | -€13,667 | |
| Financial income | 75/76B | €438 | €443 | +€4 | +1.0% |
| Recurring financial income | 75 | €438 | €443 | +€4 | +1.0% |
| Financial charges | 65/66B | €39 | €41 | +€2 | +4.3% |
| Recurring financial charges | 65 | €39 | €41 | +€2 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €9,942 | -€3,722 | -€13,664 | |
| Profit (loss) for the period | 9904 | €9,942 | -€3,722 | -€13,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,942 | -€3,722 | -€13,664 |
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 22 October 2026 via checked.be.