ERIC 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.
What changed
ERIC VEREECKE
NACE 16.230, Manufacture of other builders' carpentry and joinery
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,225
2024 · -€1,014+€10,239
Equity
€428,155
2024 · €418,929+€9,225
Cash
€17,599
2024 · €9,121+€8,477
Balance sheet total
€1.0m
2024 · €1.0m-€9,695
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€24,516
down €24,516 (-8.3%), from €294,727 to €270,211
- Trade debts -€16,978
down €16,978 (-71.2%), from €23,833 to €6,855
- Other debts +€11,674
up €11,674 (+7.8%), from €149,980 to €161,655
Income statement
- Gross operating margin +€20,260
up €20,260 (+21.0%), from €96,705 to €116,965
- Financial charges +€5,211
up €5,211 (+30.3%), from €17,181 to €22,392
- Taxes +€2,952
up €2,952 (+98.6%), from €2,994 to €5,947
- Staff costs +€2,497
up €2,497 (+9.0%), from €27,785 to €30,282
- Other operating charges -€1,628
down €1,628 (-25.2%), from €6,450 to €4,822
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.
Result 2024
-€1,014
Gross operating margin
+€20,260
Staff costs
-€2,497
Depreciation
-€1,211
Other operating charges
+€1,628
Financial income
+€223
Financial charges
-€5,211
Taxes
-€2,952
Result 2025
€9,225
Cash bridge derived
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.
From operations
+€69,446
Investment
-€41,938
Financing
-€19,030
Cash 2024
€9,121
From operations (derived)
+€69,446
Net result for the year
+€9,225
Depreciation
+€47,542
Stocks and contracts
-€419
Receivables within one year
+€9,080
Deferred charges and accrued income
+€3,908
Provisions
-€2,562
Trade debts
-€16,978
Tax, wage and social debts
+€5,782
Other debts
+€11,674
Accrued charges and deferred income
+€2,193
Investment (derived)
-€41,938
Investment in fixed assets (net)
-€41,938
Financing
-€19,030
Debts after one year
-€24,516
Current portion of long-term debt
+€5,486
Cash 2025
€17,599
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,013,926 | €1,004,231 | -€9,695 | -1.0% |
| Fixed assets | 21/28 | €934,231 | €928,627 | -€5,603 | -0.6% |
| Tangible fixed assets | 22/27 | €934,231 | €928,627 | -€5,603 | -0.6% |
| Land and buildings | 22 | €908,943 | €874,413 | -€34,530 | -3.8% |
| Plant, machinery and equipment | 23 | €22,417 | €25,891 | +€3,474 | +15.5% |
| Furniture and vehicles | 24 | €2,871 | €3,032 | +€161 | +5.6% |
| Leasing and similar rights | 25 | - | €25,292 | +€25,292 | |
| Current assets | 29/58 | €79,696 | €75,604 | -€4,092 | -5.1% |
| Stocks and contracts in progress | 3 | €49,184 | €49,603 | +€419 | +0.9% |
| Stocks | 30/36 | €49,184 | €49,603 | +€419 | +0.9% |
| Amounts receivable within one year | 40/41 | €15,911 | €6,831 | -€9,080 | -57.1% |
| Trade receivables | 40 | €15,207 | €5,827 | -€9,380 | -61.7% |
| Other amounts receivable | 41 | €703 | €1,004 | +€300 | +42.7% |
| Cash at bank and in hand | 54/58 | €9,121 | €17,599 | +€8,477 | +92.9% |
| Deferred charges and accrued income | 490/1 | €5,480 | €1,571 | -€3,908 | -71.3% |
| Total equity and liabilities | 10/49 | €1,013,926 | €1,004,231 | -€9,695 | -1.0% |
| Equity | 10/15 | €418,929 | €428,155 | +€9,225 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,329 | €409,555 | +€9,225 | +2.3% |
| Tax-exempt reserves | 132 | €197,817 | €190,131 | -€7,686 | -3.9% |
| Distributable reserves | 133 | €202,512 | €219,424 | +€16,911 | +8.4% |
| Provisions and deferred taxes | 16 | €65,939 | €63,377 | -€2,562 | -3.9% |
| Deferred taxes | 168 | €65,939 | €63,377 | -€2,562 | -3.9% |
| Amounts payable | 17/49 | €529,058 | €512,699 | -€16,359 | -3.1% |
| Amounts payable after more than one year | 17 | €294,727 | €270,211 | -€24,516 | -8.3% |
| Financial debts | 170/4 | €294,727 | €270,211 | -€24,516 | -8.3% |
| Amounts payable within one year | 42/48 | €225,207 | €231,172 | +€5,965 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €45,657 | €51,144 | +€5,486 | +12.0% |
| Trade debts | 44 | €23,833 | €6,855 | -€16,978 | -71.2% |
| Suppliers | 440/4 | €23,833 | €6,855 | -€16,978 | -71.2% |
| Taxes, remuneration and social security | 45 | €5,737 | €11,518 | +€5,782 | +100.8% |
| Taxes | 450/3 | €4,856 | €8,802 | +€3,945 | +81.2% |
| Remuneration and social security | 454/9 | €880 | €2,717 | +€1,836 | +208.6% |
| Other amounts payable | 47/48 | €149,980 | €161,655 | +€11,674 | +7.8% |
| Accrued charges and deferred income | 492/3 | €9,124 | €11,317 | +€2,193 | +24.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,785 | €30,282 | +€2,497 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,330 | €47,542 | +€1,211 | +2.6% |
| Other operating charges | 640/8 | €6,450 | €4,822 | -€1,628 | -25.2% |
| Gross operating margin | 9900 | €96,705 | €116,965 | +€20,260 | +21.0% |
| Operating profit (loss) | 9901 | €16,140 | €34,319 | +€18,179 | +112.6% |
| Financial income | 75/76B | €460 | €683 | +€223 | +48.6% |
| Recurring financial income | 75 | €460 | €683 | +€223 | +48.6% |
| Financial charges | 65/66B | €17,181 | €22,392 | +€5,211 | +30.3% |
| Recurring financial charges | 65 | €17,181 | €22,392 | +€5,211 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€581 | €12,610 | +€13,191 | |
| Transfer from deferred taxes | 780 | €2,562 | €2,562 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €2,994 | €5,947 | +€2,952 | +98.6% |
| Profit (loss) for the period | 9904 | -€1,014 | €9,225 | +€10,239 | |
| Transfer from tax-exempt reserves | 789 | €7,686 | €7,686 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €6,672 | €16,911 | +€10,239 | +153.5% |
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 12 October 2026 via checked.be.