Het Verloren Rund: 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 Verloren Rund
Largest movements
- Cash +€23,885
up €23,885 (+31.0%), from €77,135 to €101,020
mainly Net result for the year (+€16,458) and Tax, wage and social debts (+€6,956)
- Receivables within one year -€3,449
down €3,449 (-57.3%), from €6,021 to €2,572
of which Other amounts receivable: -€3,464
- Receivables after one year -€2,500
down €2,500 (-27.8%), from €9,000 to €6,500
- Stocks and contracts -€2,210
down €2,210 (-17.1%), from €12,950 to €10,740
- Tangible fixed assets -€1,402
down €1,402 (-11.6%), from €12,113 to €10,711
of which Furniture and vehicles: -€2,450
- Reserves +€16,458
up €16,458 (+46.1%), from €35,726 to €52,184
of which Distributable reserves: +€16,458
- Other debts -€8,509
down €8,509 (-49.7%), from €17,138 to €8,629
- Tax, wage and social debts +€6,956
up €6,956 (+66.5%), from €10,459 to €17,415
of which Remuneration and social security: +€5,333
- Staff costs -€6,201
down €6,201 (-26.5%), from €23,413 to €17,212
- Financial income -€2,392
down €2,392 (-96.8%), from €2,472 to €79
- Depreciation +€1,762
up €1,762 (+75.3%), from €2,340 to €4,102
- Gross operating margin -€1,518
down €1,518 (-3.5%), from €43,389 to €41,871
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 | €117,842 | €132,163 | +€14,321 | +12.2% |
| Fixed assets | 21/28 | €12,113 | €10,711 | -€1,402 | -11.6% |
| Tangible fixed assets | 22/27 | €12,113 | €10,711 | -€1,402 | -11.6% |
| Plant, machinery and equipment | 23 | €5,841 | €6,889 | +€1,048 | +17.9% |
| Furniture and vehicles | 24 | €6,272 | €3,822 | -€2,450 | -39.1% |
| Current assets | 29/58 | €105,729 | €121,452 | +€15,724 | +14.9% |
| Amounts receivable after more than one year | 29 | €9,000 | €6,500 | -€2,500 | -27.8% |
| Other amounts receivable | 291 | €9,000 | €6,500 | -€2,500 | -27.8% |
| Stocks and contracts in progress | 3 | €12,950 | €10,740 | -€2,210 | -17.1% |
| Stocks | 30/36 | €12,950 | €10,740 | -€2,210 | -17.1% |
| Amounts receivable within one year | 40/41 | €6,021 | €2,572 | -€3,449 | -57.3% |
| Trade receivables | 40 | - | €15 | +€15 | |
| Other amounts receivable | 41 | €6,021 | €2,557 | -€3,464 | -57.5% |
| Cash at bank and in hand | 54/58 | €77,135 | €101,020 | +€23,885 | +31.0% |
| Deferred charges and accrued income | 490/1 | €623 | €620 | -€3 | -0.4% |
| Total equity and liabilities | 10/49 | €117,842 | €132,163 | +€14,321 | +12.2% |
| Equity | 10/15 | €85,305 | €101,763 | +€16,458 | +19.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €35,726 | €52,184 | +€16,458 | +46.1% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €30,768 | €47,226 | +€16,458 | +53.5% |
| Amounts payable | 17/49 | €32,537 | €30,401 | -€2,136 | -6.6% |
| Amounts payable within one year | 42/48 | €32,537 | €30,401 | -€2,136 | -6.6% |
| Trade debts | 44 | €4,940 | €4,357 | -€583 | -11.8% |
| Suppliers | 440/4 | €4,940 | €4,357 | -€583 | -11.8% |
| Taxes, remuneration and social security | 45 | €10,459 | €17,415 | +€6,956 | +66.5% |
| Taxes | 450/3 | €6,821 | €8,444 | +€1,623 | +23.8% |
| Remuneration and social security | 454/9 | €3,638 | €8,971 | +€5,333 | +147% |
| Other amounts payable | 47/48 | €17,138 | €8,629 | -€8,509 | -49.7% |
| Remuneration, social security and pensions | 62 | €23,413 | €17,212 | -€6,201 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,340 | €4,102 | +€1,762 | +75.3% |
| Other operating charges | 640/8 | €3,516 | €3,626 | +€110 | +3.1% |
| Gross operating margin | 9900 | €43,389 | €41,871 | -€1,518 | -3.5% |
| Operating profit (loss) | 9901 | €14,119 | €16,930 | +€2,811 | +19.9% |
| Financial income | 75/76B | €2,472 | €79 | -€2,392 | -96.8% |
| Recurring financial income | 75 | €2,472 | €79 | -€2,392 | -96.8% |
| Financial charges | 65/66B | €447 | €105 | -€342 | -76.5% |
| Recurring financial charges | 65 | €447 | €105 | -€342 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €16,144 | €16,904 | +€760 | +4.7% |
| Income taxes | 67/77 | €433 | €446 | +€13 | +3.0% |
| Profit (loss) for the period | 9904 | €15,711 | €16,458 | +€747 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,711 | €16,458 | +€747 | +4.8% |
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 29 October 2026 via checked.be.