VERANDAIR: 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.
What changed
VERANDAIR
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€70,567
2024 · -€628,738+€558,171
Equity
€890,239
2024 · €363,245+€526,994
Cash
€145,934
2024 · €437,076-€291,142
Balance sheet total
€2.3m
2024 · €2.3m-€15,734
Largest movements
Assets
- Tangible fixed assets +€506,429
up €506,429 (+193%), from €262,160 to €768,589
of which Land and buildings: +€562,071
- Cash -€291,142
down €291,142 (-66.6%), from €437,076 to €145,934
mainly Investment in fixed assets (net) (-€622,103) and Advances received (-€207,216)
- Receivables within one year -€153,866
down €153,866 (-74.1%), from €207,582 to €53,715
of which Trade receivables: -€153,681
- Stocks and contracts -€54,394
down €54,394 (-4.5%), from €1.2m to €1.1m
Equity and liabilities
- Revaluation surpluses +€601,674
up €601,674 (+547%), from €110,000 to €711,674
- Advances received -€207,216
down €207,216 (-25.2%), from €821,535 to €614,319
- Trade debts -€205,802
down €205,802 (-64.3%), from €319,910 to €114,109
- Tax, wage and social debts -€81,179
down €81,179 (-43.4%), from €187,131 to €105,952
of which Remuneration and social security: -€68,404
- Profit (loss) carried forward -€70,567
down €70,567 (-3.9%), from -€1.8m to -€1.9m
Income statement
- Staff costs -€315,982
down €315,982 (-21.5%), from €1.5m to €1.2m
- Gross operating margin +€50,790
up €50,790 (+3.9%), from €1.3m to €1.4m
- Depreciation -€35,853
down €35,853 (-20.7%), from €172,848 to €136,995
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.
Result 2024
-€628,738
Gross operating margin
+€50,790
Staff costs
+€315,982
Depreciation
+€35,853
Other operating charges
+€3,354
Other operating items
+€157,665
Financial income
-€923
Financial charges
-€5,208
Taxes
+€658
Result 2025
-€70,567
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€268,068
Investment
-€622,103
Financing
+€599,029
Cash 2024
€437,076
From operations (derived)
-€268,068
Net result for the year
-€70,567
Depreciation
+€136,995
Stocks and contracts
+€54,394
Receivables within one year
+€153,866
Deferred charges and accrued income
+€1,439
Trade debts
-€205,802
Tax, wage and social debts
-€81,179
Advances received
-€207,216
Other debts
-€50,000
Investment (derived)
-€622,103
Investment in fixed assets (net)
-€622,103
Financing
+€599,029
Debts after one year
-€11,064
Current portion of long-term debt
-€37,386
Short-term financial debts
+€49,917
Contributions, distributions and other
+€597,562
Cash 2025
€145,934
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,271,782 | €2,256,048 | -€15,734 | -0.7% |
| Fixed assets | 21/28 | €387,010 | €872,118 | +€485,108 | +125% |
| Intangible fixed assets | 21 | €120,715 | €99,394 | -€21,321 | -17.7% |
| Tangible fixed assets | 22/27 | €262,160 | €768,589 | +€506,429 | +193% |
| Land and buildings | 22 | €114,395 | €676,466 | +€562,071 | +491% |
| Plant, machinery and equipment | 23 | €50,431 | €36,795 | -€13,637 | -27.0% |
| Furniture and vehicles | 24 | €67,526 | €36,438 | -€31,088 | -46.0% |
| Other tangible fixed assets | 26 | €29,808 | €18,891 | -€10,917 | -36.6% |
| Financial fixed assets | 28 | €4,135 | €4,135 | = | 0.0% |
| Current assets | 29/58 | €1,884,772 | €1,383,929 | -€500,842 | -26.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,202,630 | €1,148,235 | -€54,394 | -4.5% |
| Stocks | 30/36 | €1,202,630 | €1,148,235 | -€54,394 | -4.5% |
| Amounts receivable within one year | 40/41 | €207,582 | €53,715 | -€153,866 | -74.1% |
| Trade receivables | 40 | €206,646 | €52,965 | -€153,681 | -74.4% |
| Other amounts receivable | 41 | €935 | €750 | -€185 | -19.8% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €437,076 | €145,934 | -€291,142 | -66.6% |
| Deferred charges and accrued income | 490/1 | €12,484 | €11,045 | -€1,439 | -11.5% |
| Total equity and liabilities | 10/49 | €2,271,782 | €2,256,048 | -€15,734 | -0.7% |
| Equity | 10/15 | €363,245 | €890,239 | +€526,994 | +145% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €110,000 | €711,674 | +€601,674 | +547% |
| Reserves | 13 | €913,076 | €913,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €839,892 | €839,892 | = | 0.0% |
| Distributable reserves | 133 | €13,184 | €13,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,790,606 | -€1,861,173 | -€70,567 | -3.9% |
| Investment grants | 15 | €30,775 | €26,662 | -€4,113 | -13.4% |
| Amounts payable | 17/49 | €1,908,537 | €1,365,809 | -€542,729 | -28.4% |
| Amounts payable after more than one year | 17 | €89,466 | €78,402 | -€11,064 | -12.4% |
| Financial debts | 170/4 | €89,466 | €78,402 | -€11,064 | -12.4% |
| Amounts payable within one year | 42/48 | €1,819,071 | €1,287,407 | -€531,665 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €48,450 | €11,064 | -€37,386 | -77.2% |
| Financial debts | 43 | €391,804 | €441,721 | +€49,917 | +12.7% |
| Credit institutions | 430/8 | €391,804 | €441,721 | +€49,917 | +12.7% |
| Trade debts | 44 | €319,910 | €114,109 | -€205,802 | -64.3% |
| Suppliers | 440/4 | €319,910 | €114,109 | -€205,802 | -64.3% |
| Advances received on contracts in progress | 46 | €821,535 | €614,319 | -€207,216 | -25.2% |
| Taxes, remuneration and social security | 45 | €187,131 | €105,952 | -€81,179 | -43.4% |
| Taxes | 450/3 | €36,071 | €23,296 | -€12,775 | -35.4% |
| Remuneration and social security | 454/9 | €151,060 | €82,656 | -€68,404 | -45.3% |
| Other amounts payable | 47/48 | €50,242 | €242 | -€50,000 | -99.5% |
| Non-recurring operating income | 76A | €10,259 | €83,672 | +€73,413 | +716% |
| Remuneration, social security and pensions | 62 | €1,467,560 | €1,151,578 | -€315,982 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,848 | €136,995 | -€35,853 | -20.7% |
| Other operating charges | 640/8 | €25,688 | €22,334 | -€3,354 | -13.1% |
| Non-recurring operating charges | 66A | €236,997 | €79,332 | -€157,665 | -66.5% |
| Gross operating margin | 9900 | €1,299,279 | €1,350,070 | +€50,790 | +3.9% |
| Operating profit (loss) | 9901 | -€603,814 | -€40,170 | +€563,644 | +93.3% |
| Financial income | 75/76B | €5,453 | €4,530 | -€923 | -16.9% |
| Recurring financial income | 75 | €5,453 | €4,530 | -€923 | -16.9% |
| Financial charges | 65/66B | €28,731 | €33,939 | +€5,208 | +18.1% |
| Recurring financial charges | 65 | €28,731 | €33,939 | +€5,208 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€627,092 | -€69,579 | +€557,513 | +88.9% |
| Income taxes | 67/77 | €1,646 | €989 | -€658 | -39.9% |
| Profit (loss) for the period | 9904 | -€628,738 | -€70,567 | +€558,171 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€628,738 | -€70,567 | +€558,171 | +88.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.