VEREECKE: 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.
VEREECKE
Largest movements
- Cash +€284,484
up €284,484 (+331%), from €85,836 to €370,320
mainly Receivables within one year (+€219,434) and Trade debts (+€120,320)
- Receivables within one year -€219,434
down €219,434 (-27.4%), from €800,965 to €581,531
of which Other amounts receivable: -€245,648
- Tangible fixed assets -€15,763
down €15,763 (-57.0%), from €27,662 to €11,899
- Trade debts +€120,320
up €120,320 (+26.3%), from €457,541 to €577,861
- Other debts -€84,315
down €84,315 (-98.0%), from €86,004 to €1,689
- Tax, wage and social debts +€21,800
up €21,800 (+28.6%), from €76,206 to €98,006
of which Taxes: +€23,756
- Staff costs -€497,868
down €497,868 (-49.7%), from €1.0m to €504,011
- Gross operating margin -€215,524
down €215,524 (-28.3%), from €761,458 to €545,934
- Financial charges -€16,182
down €16,182 (-78.4%), from €20,642 to €4,460
- Depreciation -€11,588
down €11,588 (-41.7%), from €27,763 to €16,175
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 | €939,248 | €991,193 | +€51,945 | +5.5% |
| Fixed assets | 21/28 | €45,662 | €29,899 | -€15,763 | -34.5% |
| Tangible fixed assets | 22/27 | €27,662 | €11,899 | -€15,763 | -57.0% |
| Plant, machinery and equipment | 23 | €7,690 | €3,617 | -€4,074 | -53.0% |
| Furniture and vehicles | 24 | €958 | €394 | -€564 | -58.8% |
| Leasing and similar rights | 25 | €12,342 | €6,560 | -€5,782 | -46.8% |
| Other tangible fixed assets | 26 | €6,672 | €1,328 | -€5,344 | -80.1% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €893,586 | €961,294 | +€67,709 | +7.6% |
| Amounts receivable within one year | 40/41 | €800,965 | €581,531 | -€219,434 | -27.4% |
| Trade receivables | 40 | €548,680 | €574,894 | +€26,214 | +4.8% |
| Other amounts receivable | 41 | €252,285 | €6,637 | -€245,648 | -97.4% |
| Cash at bank and in hand | 54/58 | €85,836 | €370,320 | +€284,484 | +331% |
| Deferred charges and accrued income | 490/1 | €6,784 | €9,443 | +€2,659 | +39.2% |
| Total equity and liabilities | 10/49 | €939,248 | €991,193 | +€51,945 | +5.5% |
| Equity | 10/15 | €311,398 | €313,181 | +€1,783 | +0.6% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€338,602 | -€336,819 | +€1,783 | +0.5% |
| Amounts payable | 17/49 | €627,850 | €678,013 | +€50,162 | +8.0% |
| Amounts payable after more than one year | 17 | €456 | €0 | -€456 | -100% |
| Financial debts | 170/4 | €456 | €0 | -€456 | -100% |
| Amounts payable within one year | 42/48 | €627,009 | €678,013 | +€51,003 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €7,259 | €456 | -€6,803 | -93.7% |
| Trade debts | 44 | €457,541 | €577,861 | +€120,320 | +26.3% |
| Suppliers | 440/4 | €457,541 | €577,861 | +€120,320 | +26.3% |
| Taxes, remuneration and social security | 45 | €76,206 | €98,006 | +€21,800 | +28.6% |
| Taxes | 450/3 | €8,777 | €32,534 | +€23,756 | +271% |
| Remuneration and social security | 454/9 | €67,429 | €65,473 | -€1,956 | -2.9% |
| Other amounts payable | 47/48 | €86,004 | €1,689 | -€84,315 | -98.0% |
| Accrued charges and deferred income | 492/3 | €385 | €0 | -€385 | -100% |
| Remuneration, social security and pensions | 62 | €1,001,878 | €504,011 | -€497,868 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,763 | €16,175 | -€11,588 | -41.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,441 | €234 | -€1,206 | -83.7% |
| Other operating charges | 640/8 | €11,217 | €8,486 | -€2,731 | -24.3% |
| Non-recurring operating charges | 66A | €0 | €10,566 | +€10,566 | |
| Gross operating margin | 9900 | €761,458 | €545,934 | -€215,524 | -28.3% |
| Operating profit (loss) | 9901 | -€280,841 | €6,463 | +€287,304 | |
| Financial income | 75/76B | €1,013 | €498 | -€515 | -50.8% |
| Recurring financial income | 75 | €1,013 | €498 | -€515 | -50.8% |
| Financial charges | 65/66B | €20,642 | €4,460 | -€16,182 | -78.4% |
| Recurring financial charges | 65 | €20,642 | €4,460 | -€16,182 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€300,471 | €2,501 | +€302,972 | |
| Income taxes | 67/77 | €931 | €718 | -€213 | -22.9% |
| Profit (loss) for the period | 9904 | -€301,402 | €1,783 | +€303,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€301,402 | €1,783 | +€303,185 |
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 15 October 2026 via checked.be.