VER EECKE: 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.
VER EECKE
Largest movements
- Tangible fixed assets +€186,945
up €186,945 (+1602.1%), from €11,669 to €198,614
- Stocks and contracts +€32,126
up €32,126 (+968.8%), from €3,316 to €35,442
- Cash +€11,133
up €11,133 (+10.3%), from €108,282 to €119,416
mainly Debts after one year (+€225,000) and Trade debts (+€18,469)
- Financial fixed assets +€5,250
new in 2025: €5,250
- Intangible fixed assets +€4,321
new in 2025: €4,321
- Debts after one year +€225,000
new in 2025: €225,000
- Trade debts +€18,469
up €18,469 (+1513.1%), from €1,221 to €19,689
- Other debts -€12,762
down €12,762 (-22.8%), from €55,901 to €43,139
- Advances received +€9,245
new in 2025: €9,245
- Gross operating margin -€21,482
down €21,482 (-46.2%), from €46,511 to €25,030
- Depreciation +€12,214
up €12,214 (+269.4%), from €4,534 to €16,748
- Taxes -€3,118
down €3,118 (-83.4%), from €3,738 to €620
- Financial charges +€972
up €972 (+28.3%), from €3,436 to €4,407
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.
Cash bridge derived
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 | €128,352 | €368,981 | +€240,629 | +187.5% |
| Fixed assets | 21/28 | €11,669 | €208,185 | +€196,516 | +1684.1% |
| Intangible fixed assets | 21 | - | €4,321 | +€4,321 | |
| Tangible fixed assets | 22/27 | €11,669 | €198,614 | +€186,945 | +1602.1% |
| Plant, machinery and equipment | 23 | €3,508 | €76,697 | +€73,189 | +2086.6% |
| Furniture and vehicles | 24 | €8,161 | €34,261 | +€26,100 | +319.8% |
| Other tangible fixed assets | 26 | - | €87,656 | +€87,656 | |
| Financial fixed assets | 28 | - | €5,250 | +€5,250 | |
| Current assets | 29/58 | €116,683 | €160,796 | +€44,113 | +37.8% |
| Stocks and contracts in progress | 3 | €3,316 | €35,442 | +€32,126 | +968.8% |
| Stocks | 30/36 | €3,316 | €35,442 | +€32,126 | +968.8% |
| Amounts receivable within one year | 40/41 | €4,958 | €5,148 | +€190 | +3.8% |
| Trade receivables | 40 | €4,958 | €4,297 | -€660 | -13.3% |
| Other amounts receivable | 41 | - | €851 | +€851 | |
| Cash at bank and in hand | 54/58 | €108,282 | €119,416 | +€11,133 | +10.3% |
| Deferred charges and accrued income | 490/1 | €127 | €791 | +€664 | +520.9% |
| Total equity and liabilities | 10/49 | €128,352 | €368,981 | +€240,629 | +187.5% |
| Equity | 10/15 | €65,569 | €67,482 | +€1,913 | +2.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €55,569 | €57,482 | +€1,913 | +3.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €36,819 | €38,732 | +€1,913 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €62,783 | €301,499 | +€238,716 | +380.2% |
| Amounts payable after more than one year | 17 | - | €225,000 | +€225,000 | |
| Other amounts payable | 178/9 | - | €225,000 | +€225,000 | |
| Amounts payable within one year | 42/48 | €62,783 | €76,499 | +€13,716 | +21.8% |
| Trade debts | 44 | €1,221 | €19,689 | +€18,469 | +1513.1% |
| Suppliers | 440/4 | €1,221 | €19,689 | +€18,469 | +1513.1% |
| Advances received on contracts in progress | 46 | - | €9,245 | +€9,245 | |
| Taxes, remuneration and social security | 45 | €5,661 | €4,426 | -€1,235 | -21.8% |
| Taxes | 450/3 | €5,661 | €4,426 | -€1,235 | -21.8% |
| Other amounts payable | 47/48 | €55,901 | €43,139 | -€12,762 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,534 | €16,748 | +€12,214 | +269.4% |
| Other operating charges | 640/8 | €1,972 | €1,958 | -€14 | -0.7% |
| Gross operating margin | 9900 | €46,511 | €25,030 | -€21,482 | -46.2% |
| Operating profit (loss) | 9901 | €40,005 | €6,324 | -€33,681 | -84.2% |
| Financial income | 75/76B | €346 | €616 | +€270 | +78.2% |
| Recurring financial income | 75 | €346 | €616 | +€270 | +78.2% |
| Financial charges | 65/66B | €3,436 | €4,407 | +€972 | +28.3% |
| Recurring financial charges | 65 | €3,436 | €4,407 | +€972 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €36,915 | €2,533 | -€34,382 | -93.1% |
| Income taxes | 67/77 | €3,738 | €620 | -€3,118 | -83.4% |
| Profit (loss) for the period | 9904 | €33,177 | €1,913 | -€31,264 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,177 | €1,913 | -€31,264 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.