VEERLE SANTENS: what changed
VEERLE SANTENS
Largest movements
- Receivables within one year +€33,111
up €33,111 (+68.9%), from €48,030 to €81,141
of which Trade receivables: +€33,712
- Tangible fixed assets -€14,668
down €14,668 (-24.5%), from €59,985 to €45,317
of which Furniture and vehicles: -€8,713
- Cash +€7,972
up €7,972 (+15.7%), from €50,772 to €58,744
mainly Net result for the year (+€54,195) and Depreciation (+€14,668)
- Profit (loss) carried forward +€26,451
up €26,451 (+38.3%), from €68,993 to €95,444
- Reserves -€2,256
down €2,256 (-19.3%), from €11,685 to €9,429
of which Tax-exempt reserves: -€2,256
- Tax, wage and social debts +€2,058
up €2,058 (+8.5%), from €24,098 to €26,156
- Gross operating margin +€5,660
up €5,660 (+7.2%), from €78,498 to €84,158
- Depreciation -€4,550
down €4,550 (-23.7%), from €19,218 to €14,668
- Taxes +€2,804
up €2,804 (+23.5%), from €11,938 to €14,742
- Other operating charges +€888
up €888 (+306%), from €290 to €1,178
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,787 | €185,202 | +€26,415 | +16.6% |
| Fixed assets | 21/28 | €59,985 | €45,317 | -€14,668 | -24.5% |
| Tangible fixed assets | 22/27 | €59,985 | €45,317 | -€14,668 | -24.5% |
| Furniture and vehicles | 24 | €18,630 | €9,917 | -€8,713 | -46.8% |
| Other tangible fixed assets | 26 | €41,355 | €35,400 | -€5,955 | -14.4% |
| Current assets | 29/58 | €98,802 | €139,885 | +€41,083 | +41.6% |
| Amounts receivable within one year | 40/41 | €48,030 | €81,141 | +€33,111 | +68.9% |
| Trade receivables | 40 | €32,808 | €66,520 | +€33,712 | +103% |
| Other amounts receivable | 41 | €15,222 | €14,621 | -€601 | -3.9% |
| Cash at bank and in hand | 54/58 | €50,772 | €58,744 | +€7,972 | +15.7% |
| Total equity and liabilities | 10/49 | €158,787 | €185,202 | +€26,415 | +16.6% |
| Equity | 10/15 | €93,078 | €117,273 | +€24,195 | +26.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,685 | €9,429 | -€2,256 | -19.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,825 | €7,569 | -€2,256 | -23.0% |
| Profit (loss) carried forward | 14 | €68,993 | €95,444 | +€26,451 | +38.3% |
| Provisions and deferred taxes | 16 | €10,564 | €10,000 | -€564 | -5.3% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Deferred taxes | 168 | €564 | - | -€564 | |
| Amounts payable | 17/49 | €55,145 | €57,929 | +€2,784 | +5.0% |
| Amounts payable within one year | 42/48 | €55,145 | €57,929 | +€2,784 | +5.0% |
| Trade debts | 44 | €1,047 | €1,773 | +€726 | +69.3% |
| Suppliers | 440/4 | €1,047 | €1,773 | +€726 | +69.3% |
| Taxes, remuneration and social security | 45 | €24,098 | €26,156 | +€2,058 | +8.5% |
| Taxes | 450/3 | €24,098 | €26,156 | +€2,058 | +8.5% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,218 | €14,668 | -€4,550 | -23.7% |
| Other operating charges | 640/8 | €290 | €1,178 | +€888 | +306% |
| Gross operating margin | 9900 | €78,498 | €84,158 | +€5,660 | +7.2% |
| Operating profit (loss) | 9901 | €58,990 | €68,312 | +€9,322 | +15.8% |
| Financial income | 75/76B | €258 | €265 | +€7 | +2.7% |
| Recurring financial income | 75 | €258 | €265 | +€7 | +2.7% |
| Financial charges | 65/66B | €487 | €204 | -€283 | -58.1% |
| Recurring financial charges | 65 | €487 | €204 | -€283 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €58,761 | €68,373 | +€9,612 | +16.4% |
| Transfer from deferred taxes | 780 | €1,353 | €564 | -€789 | -58.3% |
| Income taxes | 67/77 | €11,938 | €14,742 | +€2,804 | +23.5% |
| Profit (loss) for the period | 9904 | €48,176 | €54,195 | +€6,019 | +12.5% |
| Transfer from tax-exempt reserves | 789 | €5,414 | €2,256 | -€3,158 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,590 | €56,451 | +€2,861 | +5.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.