INDOOR VEURNE: 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.
INDOOR VEURNE
Largest movements
- Cash -€104,322
down €104,322 (-83.5%), from €124,895 to €20,572
mainly Short-term financial debts (-€497,572) and Investment in fixed assets (net) (-€159,779)
- Tangible fixed assets +€62,014
up €62,014 (+2.5%), from €2.5m to €2.6m
of which Land and buildings: +€78,069
- Short-term financial debts -€497,572
no longer reported in 2025 (was €497,572)
- Investment grants +€474,097
up €474,097 (+52.5%), from €903,334 to €1.4m
- Debts after one year -€133,333
down €133,333 (-11.1%), from €1.2m to €1.1m
- Current portion of long-term debt +€66,667
new in 2025: €66,667
- Reserves +€33,787
up €33,787 (+454%), from €7,446 to €41,233
- Gross operating margin +€63,582
up €63,582 (+300%), from €21,220 to €84,802
- Depreciation +€21,595
up €21,595 (+28.4%), from €76,171 to €97,765
- Financial income +€16,241
up €16,241 (+37.5%), from €43,271 to €59,513
- Financial charges +€3,764
up €3,764 (+57.1%), from €6,592 to €10,356
- Other operating charges +€1,470
up €1,470 (+157%), from €936 to €2,406
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 | €2,632,279 | €2,584,292 | -€47,988 | -1.8% |
| Fixed assets | 21/28 | €2,495,100 | €2,557,114 | +€62,014 | +2.5% |
| Tangible fixed assets | 22/27 | €2,495,100 | €2,557,114 | +€62,014 | +2.5% |
| Land and buildings | 22 | €2,363,642 | €2,441,711 | +€78,069 | +3.3% |
| Plant, machinery and equipment | 23 | €131,459 | €115,403 | -€16,055 | -12.2% |
| Current assets | 29/58 | €137,179 | €27,177 | -€110,002 | -80.2% |
| Amounts receivable within one year | 40/41 | €10,971 | €4,721 | -€6,250 | -57.0% |
| Trade receivables | 40 | €3,192 | €4,589 | +€1,397 | +43.8% |
| Other amounts receivable | 41 | €7,779 | €132 | -€7,647 | -98.3% |
| Cash at bank and in hand | 54/58 | €124,895 | €20,572 | -€104,322 | -83.5% |
| Deferred charges and accrued income | 490/1 | €1,314 | €1,884 | +€571 | +43.5% |
| Total equity and liabilities | 10/49 | €2,632,279 | €2,584,292 | -€47,988 | -1.8% |
| Equity | 10/15 | €917,080 | €1,424,965 | +€507,885 | +55.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €7,446 | €41,233 | +€33,787 | +454% |
| Distributable reserves | 133 | €7,446 | €41,233 | +€33,787 | +454% |
| Investment grants | 15 | €903,334 | €1,377,432 | +€474,097 | +52.5% |
| Amounts payable | 17/49 | €1,715,199 | €1,159,326 | -€555,872 | -32.4% |
| Amounts payable after more than one year | 17 | €1,200,000 | €1,066,667 | -€133,333 | -11.1% |
| Financial debts | 170/4 | €1,200,000 | €1,066,667 | -€133,333 | -11.1% |
| Amounts payable within one year | 42/48 | €515,199 | €92,660 | -€422,539 | -82.0% |
| Current portion of amounts payable after more than one year | 42 | - | €66,667 | +€66,667 | |
| Financial debts | 43 | €497,572 | - | -€497,572 | |
| Credit institutions | 430/8 | €497,572 | - | -€497,572 | |
| Trade debts | 44 | €4,841 | €4,783 | -€58 | -1.2% |
| Suppliers | 440/4 | €4,841 | €4,783 | -€58 | -1.2% |
| Taxes, remuneration and social security | 45 | €38 | €4,709 | +€4,671 | +12,275% |
| Taxes | 450/3 | €38 | €4,709 | +€4,671 | +12,275% |
| Other amounts payable | 47/48 | €12,747 | €16,501 | +€3,754 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,171 | €97,765 | +€21,595 | +28.4% |
| Other operating charges | 640/8 | €936 | €2,406 | +€1,470 | +157% |
| Gross operating margin | 9900 | €21,220 | €84,802 | +€63,582 | +300% |
| Operating profit (loss) | 9901 | -€55,887 | -€15,369 | +€40,517 | +72.5% |
| Financial income | 75/76B | €43,271 | €59,513 | +€16,241 | +37.5% |
| Recurring financial income | 75 | €43,271 | €59,513 | +€16,241 | +37.5% |
| Financial charges | 65/66B | €6,592 | €10,356 | +€3,764 | +57.1% |
| Recurring financial charges | 65 | €6,592 | €10,356 | +€3,764 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,207 | €33,787 | +€52,995 | |
| Profit (loss) for the period | 9904 | -€19,207 | €33,787 | +€52,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,207 | €33,787 | +€52,995 |
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 27 October 2026 via checked.be.