J. VERREYKEN: 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.
J. VERREYKEN
Largest movements
- Stocks and contracts -€6,347
down €6,347 (-10.3%), from €61,866 to €55,519
- Cash -€3,334
down €3,334 (-19.1%), from €17,459 to €14,125
mainly Net result for the year (-€9,981) and Debts after one year (-€1,000)
- Profit (loss) carried forward -€9,981
down €9,981 (-28.2%), from €35,371 to €25,389
- Accrued charges and deferred income +€1,279
up €1,279 (+19.7%), from €6,477 to €7,756
- Debts after one year -€1,000
down €1,000 (-5.6%), from €18,000 to €17,000
- Gross operating margin -€5,353
down €5,353 (-194%), from -€2,759 to -€8,113
- Financial income +€218
up €218 (+347%), from €63 to €280
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 | €81,422 | €72,517 | -€8,905 | -10.9% |
| Current assets | 29/58 | €81,422 | €72,517 | -€8,905 | -10.9% |
| Stocks and contracts in progress | 3 | €61,866 | €55,519 | -€6,347 | -10.3% |
| Stocks | 30/36 | €61,866 | €55,519 | -€6,347 | -10.3% |
| Amounts receivable within one year | 40/41 | €2,097 | €2,872 | +€775 | +37.0% |
| Trade receivables | 40 | €1,598 | €2,257 | +€660 | +41.3% |
| Other amounts receivable | 41 | €500 | €615 | +€116 | +23.1% |
| Cash at bank and in hand | 54/58 | €17,459 | €14,125 | -€3,334 | -19.1% |
| Total equity and liabilities | 10/49 | €81,422 | €72,517 | -€8,905 | -10.9% |
| Equity | 10/15 | €55,958 | €45,977 | -€9,981 | -17.8% |
| Contributions | 10/11 | €18,716 | €18,716 | = | 0.0% |
| Reserves | 13 | €1,872 | €1,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,872 | €1,872 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,872 | €1,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,371 | €25,389 | -€9,981 | -28.2% |
| Amounts payable | 17/49 | €25,464 | €26,540 | +€1,076 | +4.2% |
| Amounts payable after more than one year | 17 | €18,000 | €17,000 | -€1,000 | -5.6% |
| Financial debts | 170/4 | €18,000 | €17,000 | -€1,000 | -5.6% |
| Amounts payable within one year | 42/48 | €987 | €1,784 | +€797 | +80.8% |
| Trade debts | 44 | €510 | €836 | +€326 | +63.9% |
| Suppliers | 440/4 | €510 | €836 | +€326 | +63.9% |
| Other amounts payable | 47/48 | €477 | €949 | +€471 | +98.7% |
| Accrued charges and deferred income | 492/3 | €6,477 | €7,756 | +€1,279 | +19.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,759 | -€8,113 | -€5,353 | -194% |
| Operating profit (loss) | 9901 | -€3,265 | -€8,633 | -€5,368 | -164% |
| Financial income | 75/76B | €63 | €280 | +€218 | +347% |
| Recurring financial income | 75 | €63 | €280 | +€218 | +347% |
| Financial charges | 65/66B | €1,588 | €1,629 | +€41 | +2.6% |
| Recurring financial charges | 65 | €1,588 | €1,629 | +€41 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,790 | -€9,981 | -€5,192 | -108% |
| Profit (loss) for the period | 9904 | -€4,790 | -€9,981 | -€5,192 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,790 | -€9,981 | -€5,192 | -108% |
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 26 October 2026 via checked.be.