Alexander Vereecke: 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.
Alexander Vereecke
Largest movements
- Tangible fixed assets +€41,743
up €41,743 (+1,417%), from €2,947 to €44,690
of which Furniture and vehicles: +€42,906
- Cash +€31,643
up €31,643 (+45.6%), from €69,375 to €101,018
mainly Net result for the year (+€33,313) and Debts after one year (+€28,634)
- Receivables within one year -€12,875
down €12,875 (-47.5%), from €27,086 to €14,210
of which Trade receivables: -€12,892
- Profit (loss) carried forward +€33,313
up €33,313 (+58.3%), from €57,143 to €90,455
- Debts after one year +€28,634
new in 2025: €28,634
- Current portion of long-term debt +€10,156
new in 2025: €10,156
- Tax, wage and social debts -€8,960
down €8,960 (-45.0%), from €19,930 to €10,970
of which Taxes: -€6,973
- Trade debts -€4,120
down €4,120 (-68.2%), from €6,043 to €1,923
- Gross operating margin -€28,672
down €28,672 (-37.1%), from €77,224 to €48,552
- Taxes -€5,917
down €5,917 (-40.8%), from €14,497 to €8,580
- Financial charges +€773
up €773 (+125%), from €617 to €1,390
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 | €100,228 | €162,162 | +€61,934 | +61.8% |
| Fixed assets | 21/28 | €2,947 | €44,690 | +€41,743 | +1,417% |
| Tangible fixed assets | 22/27 | €2,947 | €44,690 | +€41,743 | +1,417% |
| Plant, machinery and equipment | 23 | €2,947 | €1,783 | -€1,163 | -39.5% |
| Furniture and vehicles | 24 | - | €42,906 | +€42,906 | |
| Current assets | 29/58 | €97,281 | €117,472 | +€20,191 | +20.8% |
| Stocks and contracts in progress | 3 | €500 | €758 | +€258 | +51.5% |
| Stocks | 30/36 | €500 | €758 | +€258 | +51.5% |
| Amounts receivable within one year | 40/41 | €27,086 | €14,210 | -€12,875 | -47.5% |
| Trade receivables | 40 | €27,086 | €14,194 | -€12,892 | -47.6% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €69,375 | €101,018 | +€31,643 | +45.6% |
| Deferred charges and accrued income | 490/1 | €321 | €1,487 | +€1,166 | +364% |
| Total equity and liabilities | 10/49 | €100,228 | €162,162 | +€61,934 | +61.8% |
| Equity | 10/15 | €63,143 | €96,455 | +€33,313 | +52.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,143 | €90,455 | +€33,313 | +58.3% |
| Amounts payable | 17/49 | €37,085 | €65,707 | +€28,621 | +77.2% |
| Amounts payable after more than one year | 17 | - | €28,634 | +€28,634 | |
| Financial debts | 170/4 | - | €28,634 | +€28,634 | |
| Amounts payable within one year | 42/48 | €36,490 | €36,218 | -€272 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,156 | +€10,156 | |
| Trade debts | 44 | €6,043 | €1,923 | -€4,120 | -68.2% |
| Suppliers | 440/4 | €6,043 | €1,923 | -€4,120 | -68.2% |
| Taxes, remuneration and social security | 45 | €19,930 | €10,970 | -€8,960 | -45.0% |
| Taxes | 450/3 | €17,942 | €10,970 | -€6,973 | -38.9% |
| Remuneration and social security | 454/9 | €1,987 | €0 | -€1,987 | -100% |
| Other amounts payable | 47/48 | €10,518 | €13,170 | +€2,652 | +25.2% |
| Accrued charges and deferred income | 492/3 | €595 | €855 | +€259 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,007 | €4,786 | -€221 | -4.4% |
| Other operating charges | 640/8 | - | €553 | +€553 | |
| Gross operating margin | 9900 | €77,224 | €48,552 | -€28,672 | -37.1% |
| Operating profit (loss) | 9901 | €72,217 | €43,213 | -€29,003 | -40.2% |
| Financial income | 75/76B | €40 | €69 | +€29 | +72.3% |
| Recurring financial income | 75 | €40 | €69 | +€29 | +72.3% |
| Financial charges | 65/66B | €617 | €1,390 | +€773 | +125% |
| Recurring financial charges | 65 | €617 | €1,390 | +€773 | +125% |
| Profit (loss) for the period before taxes | 9903 | €71,640 | €41,892 | -€29,748 | -41.5% |
| Income taxes | 67/77 | €14,497 | €8,580 | -€5,917 | -40.8% |
| Profit (loss) for the period | 9904 | €57,143 | €33,313 | -€23,830 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,143 | €33,313 | -€23,830 | -41.7% |
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 24 October 2026 via checked.be.