Jerry Ver Eecke: what changed
What changed
Jerry Ver Eecke
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€8,954
2024 · €25,596-€34,550
Equity
€123,041
2024 · €131,995-€8,954
Cash
€621
2024 · €15,905-€15,284
Balance sheet total
€563,583
2024 · €446,184+€117,399
Largest movements
Assets
- Tangible fixed assets +€145,987
up €145,987 (+42.4%), from €344,417 to €490,404
of which Land and buildings: +€253,354
- Cash -€15,284
down €15,284 (-96.1%), from €15,905 to €621
mainly Investment in fixed assets (net) (-€201,819) and Trade debts (-€21,494)
- Receivables within one year -€15,077
down €15,077 (-24.7%), from €60,942 to €45,865
of which Trade receivables: -€16,185
Equity and liabilities
- Debts after one year +€173,512
up €173,512 (+97.3%), from €178,386 to €351,899
- Trade debts -€21,494
down €21,494 (-98.5%), from €21,825 to €331
- Current portion of long-term debt -€18,103
down €18,103 (-23.8%), from €75,982 to €57,879
- Reserves -€8,954
down €8,954 (-7.9%), from €113,395 to €104,441
Income statement
- Gross operating margin -€64,646
down €64,646 (-31.5%), from €205,506 to €140,860
- Staff costs -€37,549
down €37,549 (-44.7%), from €84,037 to €46,489
- Other operating charges -€7,657
down €7,657 (-71.5%), from €10,709 to €3,053
- Financial charges +€6,555
up €6,555 (+62.1%), from €10,550 to €17,105
- Taxes -€5,558
down €5,558 (-99.5%), from €5,586 to €28
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,596
Gross operating margin
-€64,646
Staff costs
+€37,549
Depreciation
+€3,177
Other operating charges
+€7,657
Other operating items
-€16,963
Financial income
-€326
Financial charges
-€6,555
Taxes
+€5,558
Result 2025
-€8,954
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,126
Investment
-€201,819
Financing
+€155,409
Cash 2024
€15,905
From operations (derived)
+€31,126
Net result for the year
-€8,954
Depreciation
+€55,832
Stocks and contracts
-€5,450
Receivables within one year
+€15,077
Deferred charges and accrued income
+€3,677
Trade debts
-€21,494
Tax, wage and social debts
-€3,297
Other debts
-€4,265
Investment (derived)
-€201,819
Investment in fixed assets (net)
-€201,819
Financing
+€155,409
Debts after one year
+€173,512
Current portion of long-term debt
-€18,103
Cash 2025
€621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,184 | €563,583 | +€117,399 | +26.3% |
| Fixed assets | 21/28 | €350,104 | €496,092 | +€145,987 | +41.7% |
| Tangible fixed assets | 22/27 | €344,417 | €490,404 | +€145,987 | +42.4% |
| Land and buildings | 22 | €87,761 | €341,115 | +€253,354 | +289% |
| Plant, machinery and equipment | 23 | €42,341 | €31,892 | -€10,449 | -24.7% |
| Furniture and vehicles | 24 | €36,712 | €18,082 | -€18,630 | -50.7% |
| Leasing and similar rights | 25 | €177,603 | €99,315 | -€78,288 | -44.1% |
| Financial fixed assets | 28 | €5,688 | €5,688 | = | 0.0% |
| Current assets | 29/58 | €96,080 | €67,491 | -€28,589 | -29.8% |
| Stocks and contracts in progress | 3 | €15,412 | €20,861 | +€5,450 | +35.4% |
| Stocks | 30/36 | €15,412 | €18,721 | +€3,310 | +21.5% |
| Contracts in progress | 37 | - | €2,140 | +€2,140 | |
| Amounts receivable within one year | 40/41 | €60,942 | €45,865 | -€15,077 | -24.7% |
| Trade receivables | 40 | €35,728 | €19,543 | -€16,185 | -45.3% |
| Other amounts receivable | 41 | €25,214 | €26,322 | +€1,108 | +4.4% |
| Cash at bank and in hand | 54/58 | €15,905 | €621 | -€15,284 | -96.1% |
| Deferred charges and accrued income | 490/1 | €3,821 | €144 | -€3,677 | -96.2% |
| Total equity and liabilities | 10/49 | €446,184 | €563,583 | +€117,399 | +26.3% |
| Equity | 10/15 | €131,995 | €123,041 | -€8,954 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,395 | €104,441 | -€8,954 | -7.9% |
| Distributable reserves | 133 | €113,395 | €104,441 | -€8,954 | -7.9% |
| Amounts payable | 17/49 | €314,190 | €440,542 | +€126,353 | +40.2% |
| Amounts payable after more than one year | 17 | €178,386 | €351,899 | +€173,512 | +97.3% |
| Financial debts | 170/4 | €178,386 | €351,899 | +€173,512 | +97.3% |
| Amounts payable within one year | 42/48 | €135,803 | €88,644 | -€47,160 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €75,982 | €57,879 | -€18,103 | -23.8% |
| Trade debts | 44 | €21,825 | €331 | -€21,494 | -98.5% |
| Suppliers | 440/4 | €21,825 | €331 | -€21,494 | -98.5% |
| Taxes, remuneration and social security | 45 | €8,155 | €4,858 | -€3,297 | -40.4% |
| Taxes | 450/3 | €3,177 | €3,210 | +€33 | +1.0% |
| Remuneration and social security | 454/9 | €4,978 | €1,648 | -€3,330 | -66.9% |
| Other amounts payable | 47/48 | €29,841 | €25,575 | -€4,265 | -14.3% |
| Non-recurring operating income | 76A | €16,271 | €3,685 | -€12,586 | -77.4% |
| Remuneration, social security and pensions | 62 | €84,037 | €46,489 | -€37,549 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,009 | €55,832 | -€3,177 | -5.4% |
| Other operating charges | 640/8 | €10,709 | €3,053 | -€7,657 | -71.5% |
| Non-recurring operating charges | 66A | €10,471 | €27,434 | +€16,963 | +162% |
| Gross operating margin | 9900 | €205,506 | €140,860 | -€64,646 | -31.5% |
| Operating profit (loss) | 9901 | €41,279 | €8,053 | -€33,227 | -80.5% |
| Financial income | 75/76B | €453 | €126 | -€326 | -72.1% |
| Recurring financial income | 75 | €453 | €126 | -€326 | -72.1% |
| Financial charges | 65/66B | €10,550 | €17,105 | +€6,555 | +62.1% |
| Recurring financial charges | 65 | €10,550 | €17,105 | +€6,555 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €31,182 | -€8,926 | -€40,108 | |
| Income taxes | 67/77 | €5,586 | €28 | -€5,558 | -99.5% |
| Profit (loss) for the period | 9904 | €25,596 | -€8,954 | -€34,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,596 | -€8,954 | -€34,550 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.