Bas Vaerewyck: 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.
Bas Vaerewyck
Largest movements
- Receivables within one year +€13,293
up €13,293 (+31.4%), from €42,375 to €55,668
of which Other amounts receivable: +€13,293
- Tangible fixed assets -€9,453
down €9,453 (-89.7%), from €10,541 to €1,088
- Cash -€1,999
down €1,999 (-19.7%), from €10,139 to €8,140
mainly Receivables within one year (-€13,293) and Other debts (-€1,145)
- Profit (loss) carried forward +€2,793
up €2,793 (+5.3%), from €52,939 to €55,732
- Other debts -€1,145
down €1,145 (-100%), from €1,145 to €0
- Gross operating margin -€3,643
down €3,643 (-73.7%), from €4,945 to €1,302
- Depreciation -€3,006
down €3,006 (-71.7%), from €4,193 to €1,187
- Financial income +€2,302
up €2,302 (+131%), from €1,751 to €4,053
- Other operating charges -€947
down €947 (-73.1%), from €1,295 to €349
- Financial charges -€206
down €206 (-75.5%), from €273 to €67
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 | €63,055 | €64,896 | +€1,841 | +2.9% |
| Fixed assets | 21/28 | €10,541 | €1,088 | -€9,453 | -89.7% |
| Tangible fixed assets | 22/27 | €10,541 | €1,088 | -€9,453 | -89.7% |
| Furniture and vehicles | 24 | €10,541 | €1,088 | -€9,453 | -89.7% |
| Current assets | 29/58 | €52,515 | €63,808 | +€11,294 | +21.5% |
| Amounts receivable within one year | 40/41 | €42,375 | €55,668 | +€13,293 | +31.4% |
| Trade receivables | 40 | €5,445 | €5,445 | = | 0.0% |
| Other amounts receivable | 41 | €36,930 | €50,223 | +€13,293 | +36.0% |
| Cash at bank and in hand | 54/58 | €10,139 | €8,140 | -€1,999 | -19.7% |
| Total equity and liabilities | 10/49 | €63,055 | €64,896 | +€1,841 | +2.9% |
| Equity | 10/15 | €60,999 | €63,792 | +€2,793 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,939 | €55,732 | +€2,793 | +5.3% |
| Amounts payable | 17/49 | €2,056 | €1,105 | -€952 | -46.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,056 | €1,105 | -€952 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €113 | €0 | -€113 | -100% |
| Trade debts | 44 | €110 | €348 | +€238 | +217% |
| Suppliers | 440/4 | €110 | €348 | +€238 | +217% |
| Taxes, remuneration and social security | 45 | €688 | €756 | +€68 | +9.9% |
| Taxes | 450/3 | €688 | €756 | +€68 | +9.9% |
| Other amounts payable | 47/48 | €1,145 | €0 | -€1,145 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €1,187 | -€3,006 | -71.7% |
| Other operating charges | 640/8 | €1,295 | €349 | -€947 | -73.1% |
| Non-recurring operating charges | 66A | - | €960 | +€960 | |
| Gross operating margin | 9900 | €4,945 | €1,302 | -€3,643 | -73.7% |
| Operating profit (loss) | 9901 | -€543 | -€1,194 | -€650 | -120% |
| Financial income | 75/76B | €1,751 | €4,053 | +€2,302 | +131% |
| Recurring financial income | 75 | €1,751 | €4,053 | +€2,302 | +131% |
| Financial charges | 65/66B | €273 | €67 | -€206 | -75.5% |
| Recurring financial charges | 65 | €273 | €67 | -€206 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €935 | €2,793 | +€1,858 | +199% |
| Profit (loss) for the period | 9904 | €935 | €2,793 | +€1,858 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €935 | €2,793 | +€1,858 | +199% |
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 19 October 2026 via checked.be.