VEREECKE & CO: 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 & CO
Largest movements
- Receivables within one year +€45,651
up €45,651 (+533%), from €8,557 to €54,209
of which Other amounts receivable: +€33,882
- Tangible fixed assets -€8,569
down €8,569 (-18.8%), from €45,621 to €37,052
of which Leasing and similar rights: -€6,614
- Cash +€2,498
up €2,498 (+8.3%), from €30,241 to €32,738
mainly Other debts (+€32,633) and Trade debts (+€25,755)
- Deferred charges and accrued income +€1,688
up €1,688 (+48.1%), from €3,507 to €5,195
- Other debts +€32,633
up €32,633 (+1,083%), from €3,012 to €35,645
- Trade debts +€25,755
up €25,755 (+774%), from €3,328 to €29,083
- Reserves -€17,109
down €17,109 (-32.5%), from €52,593 to €35,483
- Tax, wage and social debts +€4,917
up €4,917 (+281%), from €1,749 to €6,665
of which Remuneration and social security: +€2,739
- Debts after one year -€4,700
down €4,700 (-28.8%), from €16,317 to €11,618
- Staff costs +€7,314
up €7,314 (+15.5%), from €47,158 to €54,472
- Gross operating margin +€4,453
up €4,453 (+9.8%), from €45,423 to €49,876
- Other operating charges +€639
up €639 (+122%), from €525 to €1,164
- Depreciation -€551
down €551 (-5.0%), from €11,049 to €10,498
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 | €87,925 | €129,194 | +€41,269 | +46.9% |
| Fixed assets | 21/28 | €45,621 | €37,052 | -€8,569 | -18.8% |
| Tangible fixed assets | 22/27 | €45,621 | €37,052 | -€8,569 | -18.8% |
| Plant, machinery and equipment | 23 | €21,929 | €20,763 | -€1,166 | -5.3% |
| Furniture and vehicles | 24 | €789 | - | -€789 | |
| Leasing and similar rights | 25 | €22,903 | €16,289 | -€6,614 | -28.9% |
| Current assets | 29/58 | €42,304 | €92,142 | +€49,838 | +118% |
| Amounts receivable within one year | 40/41 | €8,557 | €54,209 | +€45,651 | +533% |
| Trade receivables | 40 | €7,076 | €18,846 | +€11,769 | +166% |
| Other amounts receivable | 41 | €1,481 | €35,363 | +€33,882 | +2,288% |
| Cash at bank and in hand | 54/58 | €30,241 | €32,738 | +€2,498 | +8.3% |
| Deferred charges and accrued income | 490/1 | €3,507 | €5,195 | +€1,688 | +48.1% |
| Total equity and liabilities | 10/49 | €87,925 | €129,194 | +€41,269 | +46.9% |
| Equity | 10/15 | €58,593 | €41,483 | -€17,109 | -29.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €52,593 | €35,483 | -€17,109 | -32.5% |
| Distributable reserves | 133 | €52,593 | €35,483 | -€17,109 | -32.5% |
| Amounts payable | 17/49 | €29,332 | €87,711 | +€58,378 | +199% |
| Amounts payable after more than one year | 17 | €16,317 | €11,618 | -€4,700 | -28.8% |
| Financial debts | 170/4 | €16,317 | €11,618 | -€4,700 | -28.8% |
| Amounts payable within one year | 42/48 | €12,788 | €76,093 | +€63,305 | +495% |
| Current portion of amounts payable after more than one year | 42 | €4,700 | €4,700 | -€0 | 0.0% |
| Trade debts | 44 | €3,328 | €29,083 | +€25,755 | +774% |
| Suppliers | 440/4 | €3,328 | €29,083 | +€25,755 | +774% |
| Taxes, remuneration and social security | 45 | €1,749 | €6,665 | +€4,917 | +281% |
| Taxes | 450/3 | €725 | €2,903 | +€2,178 | +301% |
| Remuneration and social security | 454/9 | €1,024 | €3,763 | +€2,739 | +268% |
| Other amounts payable | 47/48 | €3,012 | €35,645 | +€32,633 | +1,083% |
| Accrued charges and deferred income | 492/3 | €227 | - | -€227 | |
| Remuneration, social security and pensions | 62 | €47,158 | €54,472 | +€7,314 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,049 | €10,498 | -€551 | -5.0% |
| Other operating charges | 640/8 | €525 | €1,164 | +€639 | +122% |
| Non-recurring operating charges | 66A | €1,036 | - | -€1,036 | |
| Gross operating margin | 9900 | €45,423 | €49,876 | +€4,453 | +9.8% |
| Operating profit (loss) | 9901 | -€14,346 | -€16,258 | -€1,913 | -13.3% |
| Financial income | 75/76B | €572 | €143 | -€430 | -75.1% |
| Recurring financial income | 75 | €572 | €143 | -€430 | -75.1% |
| Financial charges | 65/66B | €743 | €841 | +€98 | +13.2% |
| Recurring financial charges | 65 | €743 | €841 | +€98 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,516 | -€16,957 | -€2,440 | -16.8% |
| Income taxes | 67/77 | €153 | €153 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | -€14,669 | -€17,109 | -€2,440 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,669 | -€17,109 | -€2,440 | -16.6% |
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 25 October 2026 via checked.be.