JACQUES 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.
JACQUES VEREECKE
Largest movements
- Receivables within one year -€39,860
down €39,860 (-97.4%), from €40,944 to €1,084
of which Trade receivables: -€39,638
- Current investments +€38,156
up €38,156 (+210%), from €18,154 to €56,310
- Cash -€7,900
down €7,900 (-24.5%), from €32,230 to €24,331
mainly Current investments (-€38,156) and Tax, wage and social debts (-€12,972)
- Tangible fixed assets +€3,139
up €3,139 (+72.0%), from €4,361 to €7,500
of which Plant, machinery and equipment: +€3,474
- Tax, wage and social debts -€12,972
down €12,972 (-96.3%), from €13,472 to €500
of which Taxes: -€9,972
- Reserves +€8,000
up €8,000 (+400%), from €2,000 to €10,000
of which Distributable reserves: +€8,000
- Trade debts -€1,099
down €1,099 (-65.4%), from €1,681 to €582
- Gross operating margin -€7,015
down €7,015 (-33.6%), from €20,898 to €13,883
- Taxes +€2,490
up €2,490 (+473%), from €527 to €3,017
- Depreciation -€457
down €457 (-17.5%), from €2,613 to €2,156
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 | €101,855 | €95,385 | -€6,470 | -6.4% |
| Fixed assets | 21/28 | €10,161 | €13,300 | +€3,139 | +30.9% |
| Tangible fixed assets | 22/27 | €4,361 | €7,500 | +€3,139 | +72.0% |
| Plant, machinery and equipment | 23 | €3,948 | €7,422 | +€3,474 | +88.0% |
| Furniture and vehicles | 24 | €412 | €78 | -€335 | -81.1% |
| Financial fixed assets | 28 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €91,694 | €82,085 | -€9,609 | -10.5% |
| Amounts receivable within one year | 40/41 | €40,944 | €1,084 | -€39,860 | -97.4% |
| Trade receivables | 40 | €39,638 | - | -€39,638 | |
| Other amounts receivable | 41 | €1,306 | €1,084 | -€222 | -17.0% |
| Current investments | 50/53 | €18,154 | €56,310 | +€38,156 | +210% |
| Cash at bank and in hand | 54/58 | €32,230 | €24,331 | -€7,900 | -24.5% |
| Deferred charges and accrued income | 490/1 | €366 | €361 | -€5 | -1.4% |
| Total equity and liabilities | 10/49 | €101,855 | €95,385 | -€6,470 | -6.4% |
| Equity | 10/15 | €86,120 | €94,154 | +€8,034 | +9.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €10,000 | +€8,000 | +400% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €64,120 | €64,154 | +€34 | +0.1% |
| Amounts payable | 17/49 | €15,736 | €1,232 | -€14,504 | -92.2% |
| Amounts payable within one year | 42/48 | €15,736 | €1,232 | -€14,504 | -92.2% |
| Trade debts | 44 | €1,681 | €582 | -€1,099 | -65.4% |
| Suppliers | 440/4 | €1,681 | €582 | -€1,099 | -65.4% |
| Taxes, remuneration and social security | 45 | €13,472 | €500 | -€12,972 | -96.3% |
| Taxes | 450/3 | €10,472 | €500 | -€9,972 | -95.2% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €582 | €150 | -€433 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,613 | €2,156 | -€457 | -17.5% |
| Other operating charges | 640/8 | €527 | €655 | +€129 | +24.4% |
| Gross operating margin | 9900 | €20,898 | €13,883 | -€7,015 | -33.6% |
| Operating profit (loss) | 9901 | €17,758 | €11,072 | -€6,686 | -37.7% |
| Financial income | 75/76B | €85 | €249 | +€164 | +192% |
| Recurring financial income | 75 | €85 | €249 | +€164 | +192% |
| Financial charges | 65/66B | €232 | €270 | +€38 | +16.3% |
| Recurring financial charges | 65 | €232 | €270 | +€38 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €17,611 | €11,051 | -€6,560 | -37.2% |
| Income taxes | 67/77 | €527 | €3,017 | +€2,490 | +473% |
| Profit (loss) for the period | 9904 | €17,085 | €8,034 | -€9,050 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,085 | €8,034 | -€9,050 | -53.0% |
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 13 October 2026 via checked.be.