VEREECKE FREDDY: 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 FREDDY
Largest movements
- Receivables within one year +€53,341
up €53,341 (+38.9%), from €136,986 to €190,328
of which Trade receivables: +€53,824
- Tangible fixed assets -€24,011
down €24,011 (-12.1%), from €198,840 to €174,829
- Profit (loss) carried forward +€39,338
up €39,338 (+35.4%), from -€111,252 to -€71,913
- Tax, wage and social debts +€5,995
up €5,995 (+127%), from €4,733 to €10,729
- Trade debts -€5,393
down €5,393 (-28.4%), from €19,020 to €13,627
- Gross operating margin +€13,003
up €13,003 (+22.4%), from €58,048 to €71,051
- Depreciation +€8,176
up €8,176 (+51.6%), from €15,836 to €24,011
- Financial charges -€1,978
down €1,978 (-59.2%), from €3,342 to €1,365
- Taxes +€1,873
new in 2025: €1,873
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 | €340,565 | €371,087 | +€30,521 | +9.0% |
| Fixed assets | 21/28 | €200,452 | €176,440 | -€24,011 | -12.0% |
| Tangible fixed assets | 22/27 | €198,840 | €174,829 | -€24,011 | -12.1% |
| Land and buildings | 22 | €198,840 | €174,829 | -€24,011 | -12.1% |
| Financial fixed assets | 28 | €1,612 | €1,612 | = | 0.0% |
| Current assets | 29/58 | €140,114 | €194,646 | +€54,533 | +38.9% |
| Amounts receivable within one year | 40/41 | €136,986 | €190,328 | +€53,341 | +38.9% |
| Trade receivables | 40 | €133,082 | €186,906 | +€53,824 | +40.4% |
| Other amounts receivable | 41 | €3,905 | €3,422 | -€483 | -12.4% |
| Cash at bank and in hand | 54/58 | €3,127 | €4,318 | +€1,191 | +38.1% |
| Total equity and liabilities | 10/49 | €340,565 | €371,087 | +€30,521 | +9.0% |
| Equity | 10/15 | €37,201 | €76,539 | +€39,338 | +106% |
| Contributions | 10/11 | €91,473 | €91,473 | = | 0.0% |
| Reserves | 13 | €56,980 | €56,980 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,486 | €3,486 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,486 | €3,486 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,749 | €3,749 | = | 0.0% |
| Distributable reserves | 133 | €49,745 | €49,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,252 | -€71,913 | +€39,338 | +35.4% |
| Amounts payable | 17/49 | €303,364 | €294,547 | -€8,817 | -2.9% |
| Amounts payable after more than one year | 17 | €93,334 | €90,981 | -€2,353 | -2.5% |
| Financial debts | 170/4 | €93,334 | €90,981 | -€2,353 | -2.5% |
| Amounts payable within one year | 42/48 | €210,030 | €203,567 | -€6,464 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €2,169 | - | -€2,169 | |
| Trade debts | 44 | €19,020 | €13,627 | -€5,393 | -28.4% |
| Suppliers | 440/4 | €19,020 | €13,627 | -€5,393 | -28.4% |
| Advances received on contracts in progress | 46 | €140,298 | €137,460 | -€2,838 | -2.0% |
| Taxes, remuneration and social security | 45 | €4,733 | €10,729 | +€5,995 | +127% |
| Taxes | 450/3 | €4,733 | €10,729 | +€5,995 | +127% |
| Other amounts payable | 47/48 | €43,810 | €41,751 | -€2,058 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,836 | €24,011 | +€8,176 | +51.6% |
| Other operating charges | 640/8 | €3,831 | €4,465 | +€634 | +16.5% |
| Gross operating margin | 9900 | €58,048 | €71,051 | +€13,003 | +22.4% |
| Operating profit (loss) | 9901 | €38,382 | €42,576 | +€4,194 | +10.9% |
| Financial charges | 65/66B | €3,342 | €1,365 | -€1,978 | -59.2% |
| Recurring financial charges | 65 | €3,342 | €1,365 | -€1,978 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €35,040 | €41,211 | +€6,171 | +17.6% |
| Income taxes | 67/77 | - | €1,873 | +€1,873 | |
| Profit (loss) for the period | 9904 | €35,040 | €39,338 | +€4,299 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,040 | €39,338 | +€4,299 | +12.3% |
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 22 October 2026 via checked.be.