VAERENBERGH: 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.
VAERENBERGH
Largest movements
- Cash +€22,213
up €22,213 (+71.3%), from €31,156 to €53,369
mainly Net result for the year (+€25,850) and Receivables within one year (+€5,692)
- Receivables within one year -€5,692
down €5,692 (-32.6%), from €17,444 to €11,752
of which Trade receivables: -€5,468
- Tangible fixed assets +€4,849
up €4,849 (+243%), from €1,995 to €6,844
- Profit (loss) carried forward +€25,850
up €25,850 (+109%), from €23,626 to €49,476
- Tax, wage and social debts -€4,499
down €4,499 (-35.9%), from €12,544 to €8,044
of which Remuneration and social security: -€2,466
- Gross operating margin +€5,754
up €5,754 (+17.6%), from €32,625 to €38,380
- Taxes +€1,391
up €1,391 (+21.2%), from €6,545 to €7,936
- Financial charges +€1,211
up €1,211 (+78.5%), from €1,542 to €2,753
- Depreciation +€727
up €727 (+138%), from €525 to €1,251
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 | €51,021 | €72,355 | +€21,334 | +41.8% |
| Fixed assets | 21/28 | €1,995 | €6,844 | +€4,849 | +243% |
| Tangible fixed assets | 22/27 | €1,995 | €6,844 | +€4,849 | +243% |
| Furniture and vehicles | 24 | €1,995 | €6,844 | +€4,849 | +243% |
| Current assets | 29/58 | €49,026 | €65,510 | +€16,484 | +33.6% |
| Amounts receivable within one year | 40/41 | €17,444 | €11,752 | -€5,692 | -32.6% |
| Trade receivables | 40 | €16,988 | €11,520 | -€5,468 | -32.2% |
| Other amounts receivable | 41 | €455 | €232 | -€223 | -49.0% |
| Cash at bank and in hand | 54/58 | €31,156 | €53,369 | +€22,213 | +71.3% |
| Deferred charges and accrued income | 490/1 | €426 | €389 | -€37 | -8.7% |
| Total equity and liabilities | 10/49 | €51,021 | €72,355 | +€21,334 | +41.8% |
| Equity | 10/15 | €33,626 | €59,476 | +€25,850 | +76.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,626 | €49,476 | +€25,850 | +109% |
| Amounts payable | 17/49 | €17,395 | €12,878 | -€4,516 | -26.0% |
| Amounts payable within one year | 42/48 | €15,829 | €11,561 | -€4,268 | -27.0% |
| Trade debts | 44 | €3,256 | €3,490 | +€234 | +7.2% |
| Suppliers | 440/4 | €3,256 | €3,490 | +€234 | +7.2% |
| Taxes, remuneration and social security | 45 | €12,544 | €8,044 | -€4,499 | -35.9% |
| Taxes | 450/3 | €10,078 | €8,044 | -€2,033 | -20.2% |
| Remuneration and social security | 454/9 | €2,466 | €0 | -€2,466 | -100% |
| Other amounts payable | 47/48 | €29 | €27 | -€2 | -8.2% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,317 | -€249 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €1,251 | +€727 | +138% |
| Other operating charges | 640/8 | €387 | €590 | +€202 | +52.2% |
| Gross operating margin | 9900 | €32,625 | €38,380 | +€5,754 | +17.6% |
| Operating profit (loss) | 9901 | €31,713 | €36,539 | +€4,825 | +15.2% |
| Financial charges | 65/66B | €1,542 | €2,753 | +€1,211 | +78.5% |
| Recurring financial charges | 65 | €1,542 | €2,753 | +€1,211 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €30,171 | €33,785 | +€3,614 | +12.0% |
| Income taxes | 67/77 | €6,545 | €7,936 | +€1,391 | +21.2% |
| Profit (loss) for the period | 9904 | €23,626 | €25,850 | +€2,223 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,626 | €25,850 | +€2,223 | +9.4% |
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 20 October 2026 via checked.be.