VEYT MARC: 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.
VEYT MARC
Largest movements
- Tangible fixed assets +€89,282
up €89,282 (+104%), from €86,221 to €175,503
of which Plant, machinery and equipment: +€100,102
- Cash +€34,716
up €34,716 (+31.3%), from €110,829 to €145,545
mainly Contributions, distributions and other (+€127,259) and Receivables within one year (+€25,075)
- Receivables within one year -€25,075
down €25,075 (-58.8%), from €42,626 to €17,551
of which Trade receivables: -€23,900
- Stocks and contracts -€6,880
down €6,880 (-24.4%), from €28,247 to €21,366
- Revaluation surpluses +€127,259
new in 2025: €127,259
- Other debts -€55,040
down €55,040 (-63.2%), from €87,041 to €32,001
- Reserves +€14,579
up €14,579 (+10.1%), from €144,956 to €159,535
- Trade debts +€4,636
up €4,636 (+118%), from €3,936 to €8,571
- Gross operating margin -€53,818
down €53,818 (-58.1%), from €92,681 to €38,863
- Taxes -€19,109
down €19,109 (-77.5%), from €24,657 to €5,548
- Depreciation +€1,364
up €1,364 (+8.9%), from €15,323 to €16,688
- Financial income -€1,100
down €1,100 (-90.5%), from €1,215 to €115
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 | €271,682 | €363,164 | +€91,482 | +33.7% |
| Fixed assets | 21/28 | €86,221 | €175,503 | +€89,282 | +104% |
| Tangible fixed assets | 22/27 | €86,221 | €175,503 | +€89,282 | +104% |
| Land and buildings | 22 | €7,767 | €0 | -€7,767 | -100% |
| Plant, machinery and equipment | 23 | €6,401 | €106,503 | +€100,102 | +1,564% |
| Furniture and vehicles | 24 | €72,053 | €69,000 | -€3,053 | -4.2% |
| Current assets | 29/58 | €185,461 | €187,661 | +€2,200 | +1.2% |
| Stocks and contracts in progress | 3 | €28,247 | €21,366 | -€6,880 | -24.4% |
| Stocks | 30/36 | €28,247 | €21,366 | -€6,880 | -24.4% |
| Amounts receivable within one year | 40/41 | €42,626 | €17,551 | -€25,075 | -58.8% |
| Trade receivables | 40 | €39,917 | €16,016 | -€23,900 | -59.9% |
| Other amounts receivable | 41 | €2,709 | €1,534 | -€1,174 | -43.4% |
| Cash at bank and in hand | 54/58 | €110,829 | €145,545 | +€34,716 | +31.3% |
| Deferred charges and accrued income | 490/1 | €3,760 | €3,199 | -€561 | -14.9% |
| Total equity and liabilities | 10/49 | €271,682 | €363,164 | +€91,482 | +33.7% |
| Equity | 10/15 | €163,548 | €305,386 | +€141,838 | +86.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | - | €127,259 | +€127,259 | |
| Reserves | 13 | €144,956 | €159,535 | +€14,579 | +10.1% |
| Distributable reserves | 133 | €144,956 | €159,535 | +€14,579 | +10.1% |
| Amounts payable | 17/49 | €108,134 | €57,778 | -€50,356 | -46.6% |
| Amounts payable within one year | 42/48 | €107,634 | €57,778 | -€49,856 | -46.3% |
| Trade debts | 44 | €3,936 | €8,571 | +€4,636 | +118% |
| Suppliers | 440/4 | €3,936 | €8,571 | +€4,636 | +118% |
| Taxes, remuneration and social security | 45 | €16,657 | €17,205 | +€548 | +3.3% |
| Taxes | 450/3 | €16,657 | €17,205 | +€548 | +3.3% |
| Other amounts payable | 47/48 | €87,041 | €32,001 | -€55,040 | -63.2% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,323 | €16,688 | +€1,364 | +8.9% |
| Other operating charges | 640/8 | €771 | €837 | +€66 | +8.5% |
| Gross operating margin | 9900 | €92,681 | €38,863 | -€53,818 | -58.1% |
| Operating profit (loss) | 9901 | €76,586 | €21,338 | -€55,248 | -72.1% |
| Financial income | 75/76B | €1,215 | €115 | -€1,100 | -90.5% |
| Recurring financial income | 75 | €1,215 | €115 | -€1,100 | -90.5% |
| Financial charges | 65/66B | €1,148 | €1,327 | +€178 | +15.5% |
| Recurring financial charges | 65 | €1,148 | €1,327 | +€178 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €76,653 | €20,127 | -€56,526 | -73.7% |
| Income taxes | 67/77 | €24,657 | €5,548 | -€19,109 | -77.5% |
| Profit (loss) for the period | 9904 | €51,996 | €14,579 | -€37,417 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,996 | €14,579 | -€37,417 | -72.0% |
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 27 October 2026 via checked.be.