VEYS TABAK: 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 TABAK
Largest movements
- Receivables within one year +€1.9m
up €1.9m (+127%), from €1.5m to €3.4m
of which Trade receivables: +€1.5m
- Cash -€293,010
down €293,010 (-72.5%), from €403,959 to €110,949
mainly Receivables within one year (-€1.9m) and Advances received (-€689,080)
- Tangible fixed assets -€255,156
down €255,156 (-7.0%), from €3.6m to €3.4m
of which Land and buildings: -€207,692
- Trade debts +€2.3m
up €2.3m (+19,478%), from €11,978 to €2.3m
- Advances received -€689,080
down €689,080 (-54.3%), from €1.3m to €579,600
- Other debts -€302,025
down €302,025 (-55.0%), from €549,084 to €247,059
- Financial income +€115,763
up €115,763 (+369%), from €31,388 to €147,150
- Gross operating margin +€69,788
up €69,788 (+16.1%), from €433,128 to €502,915
- Staff costs -€55,769
down €55,769 (-18.1%), from €307,501 to €251,732
- Financial charges -€53,185
down €53,185 (-61.2%), from €86,909 to €33,724
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 | €5,559,170 | €6,950,952 | +€1.4m | +25.0% |
| Fixed assets | 21/28 | €3,637,773 | €3,382,617 | -€255,156 | -7.0% |
| Tangible fixed assets | 22/27 | €3,637,773 | €3,382,617 | -€255,156 | -7.0% |
| Land and buildings | 22 | €3,572,515 | €3,364,823 | -€207,692 | -5.8% |
| Plant, machinery and equipment | 23 | €46,669 | €16,339 | -€30,330 | -65.0% |
| Furniture and vehicles | 24 | €18,590 | €1,455 | -€17,135 | -92.2% |
| Current assets | 29/58 | €1,921,396 | €3,568,335 | +€1.6m | +85.7% |
| Stocks and contracts in progress | 3 | €4,182 | €50,938 | +€46,756 | +1,118% |
| Stocks | 30/36 | €4,182 | €50,938 | +€46,756 | +1,118% |
| Amounts receivable within one year | 40/41 | €1,502,447 | €3,403,409 | +€1.9m | +127% |
| Trade receivables | 40 | €1,438,311 | €2,936,424 | +€1.5m | +104% |
| Other amounts receivable | 41 | €64,136 | €466,985 | +€402,849 | +628% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €403,959 | €110,949 | -€293,010 | -72.5% |
| Deferred charges and accrued income | 490/1 | €10,808 | €3,039 | -€7,769 | -71.9% |
| Total equity and liabilities | 10/49 | €5,559,170 | €6,950,952 | +€1.4m | +25.0% |
| Equity | 10/15 | €3,688,539 | €3,730,871 | +€42,332 | +1.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €3,564,592 | €3,606,924 | +€42,332 | +1.2% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,492 | €38,492 | = | 0.0% |
| Distributable reserves | 133 | €3,513,706 | €3,556,038 | +€42,332 | +1.2% |
| Amounts payable | 17/49 | €1,870,631 | €3,220,081 | +€1.3m | +72.1% |
| Amounts payable within one year | 42/48 | €1,869,391 | €3,188,726 | +€1.3m | +70.6% |
| Trade debts | 44 | €11,978 | €2,344,975 | +€2.3m | +19,478% |
| Suppliers | 440/4 | €11,978 | €2,344,975 | +€2.3m | +19,478% |
| Advances received on contracts in progress | 46 | €1,268,680 | €579,600 | -€689,080 | -54.3% |
| Taxes, remuneration and social security | 45 | €39,650 | €17,092 | -€22,558 | -56.9% |
| Taxes | 450/3 | €19,338 | €0 | -€19,338 | -100% |
| Remuneration and social security | 454/9 | €20,312 | €17,092 | -€3,220 | -15.9% |
| Other amounts payable | 47/48 | €549,084 | €247,059 | -€302,025 | -55.0% |
| Accrued charges and deferred income | 492/3 | €1,239 | €31,355 | +€30,116 | +2,430% |
| Non-recurring operating income | 76A | - | €28,628 | +€28,628 | |
| Remuneration, social security and pensions | 62 | €307,501 | €251,732 | -€55,769 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,251 | €245,493 | -€1,757 | -0.7% |
| Other operating charges | 640/8 | €79,524 | €76,785 | -€2,739 | -3.4% |
| Gross operating margin | 9900 | €433,128 | €502,915 | +€69,788 | +16.1% |
| Operating profit (loss) | 9901 | -€201,148 | -€71,095 | +€130,053 | +64.7% |
| Financial income | 75/76B | €31,388 | €147,150 | +€115,763 | +369% |
| Recurring financial income | 75 | €31,388 | €147,150 | +€115,763 | +369% |
| Financial charges | 65/66B | €86,909 | €33,724 | -€53,185 | -61.2% |
| Recurring financial charges | 65 | €86,909 | €33,724 | -€53,185 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€256,669 | €42,332 | +€299,001 | |
| Income taxes | 67/77 | €1,515 | €0 | -€1,515 | -100% |
| Profit (loss) for the period | 9904 | -€258,184 | €42,332 | +€300,516 | |
| Transfer from tax-exempt reserves | 789 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€216,084 | €42,332 | +€258,416 |
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 24 October 2026 via checked.be.