HET VEERHUIS: 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.
HET VEERHUIS
Largest movements
- Tangible fixed assets -€36,141
down €36,141 (-9.5%), from €381,701 to €345,560
of which Furniture and vehicles: -€23,534
- Cash +€14,706
up €14,706 (+9.0%), from €163,500 to €178,206
mainly Depreciation (+€66,591) and Net result for the year (+€18,684)
- Deferred charges and accrued income -€7,229
down €7,229 (-91.5%), from €7,904 to €675
- Debts after one year -€37,596
down €37,596 (-47.0%), from €79,945 to €42,349
- Current portion of long-term debt -€20,214
down €20,214 (-35.0%), from €57,810 to €37,596
- Reserves +€18,684
up €18,684 (+11.0%), from €170,179 to €188,862
- Accrued charges and deferred income -€14,761
down €14,761 (-98.0%), from €15,059 to €297
- Trade debts +€12,040
up €12,040 (+110%), from €10,906 to €22,946
- Financial charges -€16,614
down €16,614 (-77.6%), from €21,422 to €4,808
- Gross operating margin +€15,244
up €15,244 (+13.2%), from €115,372 to €130,616
- Staff costs +€11,957
up €11,957 (+78.4%), from €15,258 to €27,215
- Taxes +€7,546
up €7,546 (+319%), from €2,368 to €9,915
- Depreciation +€2,244
up €2,244 (+3.5%), from €64,347 to €66,591
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 | €584,280 | €551,622 | -€32,657 | -5.6% |
| Fixed assets | 21/28 | €381,706 | €345,565 | -€36,141 | -9.5% |
| Tangible fixed assets | 22/27 | €381,701 | €345,560 | -€36,141 | -9.5% |
| Land and buildings | 22 | €283,016 | €276,271 | -€6,745 | -2.4% |
| Plant, machinery and equipment | 23 | €46,028 | €40,166 | -€5,862 | -12.7% |
| Furniture and vehicles | 24 | €52,657 | €29,123 | -€23,534 | -44.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €202,574 | €206,057 | +€3,484 | +1.7% |
| Stocks and contracts in progress | 3 | €21,515 | €19,545 | -€1,971 | -9.2% |
| Stocks | 30/36 | €21,515 | €19,545 | -€1,971 | -9.2% |
| Amounts receivable within one year | 40/41 | €9,654 | €7,632 | -€2,022 | -20.9% |
| Trade receivables | 40 | €1,913 | €0 | -€1,913 | -100% |
| Other amounts receivable | 41 | €7,741 | €7,632 | -€110 | -1.4% |
| Cash at bank and in hand | 54/58 | €163,500 | €178,206 | +€14,706 | +9.0% |
| Deferred charges and accrued income | 490/1 | €7,904 | €675 | -€7,229 | -91.5% |
| Total equity and liabilities | 10/49 | €584,280 | €551,622 | -€32,657 | -5.6% |
| Equity | 10/15 | €195,179 | €213,862 | +€18,684 | +9.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €170,179 | €188,862 | +€18,684 | +11.0% |
| Distributable reserves | 133 | €170,179 | €188,862 | +€18,684 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €389,101 | €337,760 | -€51,341 | -13.2% |
| Amounts payable after more than one year | 17 | €79,945 | €42,349 | -€37,596 | -47.0% |
| Financial debts | 170/4 | €79,945 | €42,349 | -€37,596 | -47.0% |
| Amounts payable within one year | 42/48 | €294,098 | €295,113 | +€1,016 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €57,810 | €37,596 | -€20,214 | -35.0% |
| Trade debts | 44 | €10,906 | €22,946 | +€12,040 | +110% |
| Suppliers | 440/4 | €10,906 | €22,946 | +€12,040 | +110% |
| Taxes, remuneration and social security | 45 | €6,666 | €11,506 | +€4,840 | +72.6% |
| Taxes | 450/3 | €5,587 | €11,506 | +€5,919 | +106% |
| Remuneration and social security | 454/9 | €1,079 | €0 | -€1,079 | -100% |
| Other amounts payable | 47/48 | €218,716 | €223,066 | +€4,350 | +2.0% |
| Accrued charges and deferred income | 492/3 | €15,059 | €297 | -€14,761 | -98.0% |
| Non-recurring operating income | 76A | €17,929 | €2,635 | -€15,294 | -85.3% |
| Remuneration, social security and pensions | 62 | €15,258 | €27,215 | +€11,957 | +78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,347 | €66,591 | +€2,244 | +3.5% |
| Other operating charges | 640/8 | €4,612 | €3,409 | -€1,203 | -26.1% |
| Gross operating margin | 9900 | €115,372 | €130,616 | +€15,244 | +13.2% |
| Operating profit (loss) | 9901 | €31,156 | €33,401 | +€2,246 | +7.2% |
| Financial income | 75/76B | €14 | €6 | -€9 | -61.5% |
| Recurring financial income | 75 | €14 | €6 | -€9 | -61.5% |
| Financial charges | 65/66B | €21,422 | €4,808 | -€16,614 | -77.6% |
| Recurring financial charges | 65 | €21,422 | €4,808 | -€16,614 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €9,748 | €28,599 | +€18,851 | +193% |
| Income taxes | 67/77 | €2,368 | €9,915 | +€7,546 | +319% |
| Profit (loss) for the period | 9904 | €7,379 | €18,684 | +€11,305 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €7,379 | €18,684 | +€11,305 | +153% |
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 30 October 2026 via checked.be.