Veerle Blockx: 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.
Veerle Blockx
Largest movements
- Tangible fixed assets -€17,843
down €17,843 (-22.6%), from €78,832 to €60,990
of which Land and buildings: -€10,667
- Cash +€9,867
up €9,867 (+80.1%), from €12,323 to €22,191
mainly Depreciation (+€17,843) and Other debts (+€9,982)
- Deferred charges and accrued income -€3,592
down €3,592 (-25.7%), from €13,969 to €10,377
- Receivables within one year -€3,299
down €3,299 (-93.3%), from €3,536 to €237
of which Trade receivables: -€2,803
- Profit (loss) carried forward -€15,476
down €15,476 (-148%), from -€10,440 to -€25,916
- Other debts +€9,982
up €9,982 (+210%), from €4,764 to €14,746
- Debts after one year -€9,612
down €9,612 (-19.6%), from €49,129 to €39,517
- Gross operating margin -€18,157
down €18,157 (-60.5%), from €29,987 to €11,830
- Other operating charges +€807
up €807 (+34.6%), from €2,330 to €3,138
- Financial charges -€437
down €437 (-6.8%), from €6,462 to €6,025
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 | €116,242 | €101,661 | -€14,581 | -12.5% |
| Fixed assets | 21/28 | €78,832 | €60,990 | -€17,843 | -22.6% |
| Tangible fixed assets | 22/27 | €78,832 | €60,990 | -€17,843 | -22.6% |
| Land and buildings | 22 | €64,830 | €54,163 | -€10,667 | -16.5% |
| Plant, machinery and equipment | 23 | €11,057 | €6,826 | -€4,231 | -38.3% |
| Furniture and vehicles | 24 | €98 | €0 | -€98 | -100% |
| Other tangible fixed assets | 26 | €2,847 | €0 | -€2,847 | -100% |
| Current assets | 29/58 | €37,410 | €40,671 | +€3,261 | +8.7% |
| Stocks and contracts in progress | 3 | €7,581 | €7,866 | +€285 | +3.8% |
| Stocks | 30/36 | €7,581 | €7,866 | +€285 | +3.8% |
| Amounts receivable within one year | 40/41 | €3,536 | €237 | -€3,299 | -93.3% |
| Trade receivables | 40 | €3,040 | €237 | -€2,803 | -92.2% |
| Other amounts receivable | 41 | €495 | €0 | -€495 | -100% |
| Cash at bank and in hand | 54/58 | €12,323 | €22,191 | +€9,867 | +80.1% |
| Deferred charges and accrued income | 490/1 | €13,969 | €10,377 | -€3,592 | -25.7% |
| Total equity and liabilities | 10/49 | €116,242 | €101,661 | -€14,581 | -12.5% |
| Equity | 10/15 | €46,423 | €30,947 | -€15,476 | -33.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,263 | €38,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,403 | €36,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,440 | -€25,916 | -€15,476 | -148% |
| Amounts payable | 17/49 | €69,819 | €70,714 | +€895 | +1.3% |
| Amounts payable after more than one year | 17 | €49,129 | €39,517 | -€9,612 | -19.6% |
| Financial debts | 170/4 | €49,129 | €39,517 | -€9,612 | -19.6% |
| Amounts payable within one year | 42/48 | €20,690 | €31,197 | +€10,507 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €9,265 | €9,612 | +€347 | +3.7% |
| Trade debts | 44 | €3,107 | €2,418 | -€689 | -22.2% |
| Suppliers | 440/4 | €3,107 | €2,418 | -€689 | -22.2% |
| Taxes, remuneration and social security | 45 | €3,554 | €4,421 | +€866 | +24.4% |
| Taxes | 450/3 | €2,554 | €3,421 | +€866 | +33.9% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,764 | €14,746 | +€9,982 | +210% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,044 | €17,843 | -€201 | -1.1% |
| Other operating charges | 640/8 | €2,330 | €3,138 | +€807 | +34.6% |
| Gross operating margin | 9900 | €29,987 | €11,830 | -€18,157 | -60.5% |
| Operating profit (loss) | 9901 | €9,613 | -€9,150 | -€18,763 | |
| Financial income | 75/76B | €14 | €1 | -€13 | -94.5% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -94.5% |
| Financial charges | 65/66B | €6,462 | €6,025 | -€437 | -6.8% |
| Recurring financial charges | 65 | €6,462 | €6,025 | -€437 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €3,165 | -€15,174 | -€18,339 | |
| Income taxes | 67/77 | €329 | €302 | -€27 | -8.2% |
| Profit (loss) for the period | 9904 | €2,835 | -€15,476 | -€18,312 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,835 | -€15,476 | -€18,312 |
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 23 October 2026 via checked.be.