VerEecke-Goethals: what changed
What changed
VerEecke-Goethals
filed annual accounts (NBB)
Net result for the year
€35,415
2024 · €22,192+€13,223
Equity
€573,190
2024 · €537,776+€35,415
Cash
€117,532
2024 · €106,278+€11,254
Balance sheet total
€796,659
2024 · €802,805-€6,146
Largest movements
Assets
- Tangible fixed assets -€16,035
down €16,035 (-2.3%), from €695,162 to €679,127
of which Land and buildings: -€9,451
- Cash +€11,254
up €11,254 (+10.6%), from €106,278 to €117,532
mainly Depreciation (+€48,397) and Net result for the year (+€35,415)
Equity and liabilities
- Reserves +€34,400
up €34,400 (+46.1%), from €74,560 to €108,960
of which Distributable reserves: +€34,400
- Debts after one year -€24,477
down €24,477 (-34.7%), from €70,478 to €46,001
- Other debts -€11,847
down €11,847 (-7.6%), from €156,515 to €144,668
Income statement
- Gross operating margin +€19,585
up €19,585 (+23.2%), from €84,295 to €103,880
- Taxes +€6,378
up €6,378 (+82.3%), from €7,747 to €14,126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€22,192
Gross operating margin
+€19,585
Staff costs
+€130
Depreciation
-€138
Other operating charges
+€35
Financial income
-€0
Financial charges
-€11
Taxes
-€6,378
Result 2025
€35,415
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,597
Investment
-€32,362
Financing
-€23,981
Cash 2024
€106,278
From operations (derived)
+€67,597
Net result for the year
+€35,415
Depreciation
+€48,397
Receivables within one year
+€1,365
Trade debts
-€5,223
Tax, wage and social debts
-€510
Other debts
-€11,847
Investment (derived)
-€32,362
Investment in fixed assets (net)
-€32,362
Financing
-€23,981
Debts after one year
-€24,477
Current portion of long-term debt
+€496
Cash 2025
€117,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €802,805 | €796,659 | -€6,146 | -0.8% |
| Fixed assets | 21/28 | €695,162 | €679,127 | -€16,035 | -2.3% |
| Tangible fixed assets | 22/27 | €695,162 | €679,127 | -€16,035 | -2.3% |
| Land and buildings | 22 | €686,143 | €676,692 | -€9,451 | -1.4% |
| Furniture and vehicles | 24 | €9,019 | €2,435 | -€6,584 | -73.0% |
| Current assets | 29/58 | €107,643 | €117,532 | +€9,889 | +9.2% |
| Amounts receivable within one year | 40/41 | €1,365 | - | -€1,365 | |
| Other amounts receivable | 41 | €1,365 | - | -€1,365 | |
| Cash at bank and in hand | 54/58 | €106,278 | €117,532 | +€11,254 | +10.6% |
| Total equity and liabilities | 10/49 | €802,805 | €796,659 | -€6,146 | -0.8% |
| Equity | 10/15 | €537,776 | €573,190 | +€35,415 | +6.6% |
| Contributions | 10/11 | €355,600 | €355,600 | = | 0.0% |
| Reserves | 13 | €74,560 | €108,960 | +€34,400 | +46.1% |
| Non-distributable reserves | 130/1 | €35,560 | €35,560 | = | 0.0% |
| Other | 1319 | €35,560 | €35,560 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €73,400 | +€34,400 | +88.2% |
| Profit (loss) carried forward | 14 | €107,616 | €108,630 | +€1,015 | +0.9% |
| Amounts payable | 17/49 | €265,029 | €223,469 | -€41,561 | -15.7% |
| Amounts payable after more than one year | 17 | €70,478 | €46,001 | -€24,477 | -34.7% |
| Financial debts | 170/4 | €70,478 | €46,001 | -€24,477 | -34.7% |
| Amounts payable within one year | 42/48 | €194,551 | €177,468 | -€17,083 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €23,485 | €23,981 | +€496 | +2.1% |
| Trade debts | 44 | €6,649 | €1,426 | -€5,223 | -78.6% |
| Suppliers | 440/4 | €6,649 | €1,426 | -€5,223 | -78.6% |
| Taxes, remuneration and social security | 45 | €7,903 | €7,393 | -€510 | -6.4% |
| Taxes | 450/3 | €4,740 | €4,126 | -€614 | -13.0% |
| Remuneration and social security | 454/9 | €3,163 | €3,268 | +€104 | +3.3% |
| Other amounts payable | 47/48 | €156,515 | €144,668 | -€11,847 | -7.6% |
| Remuneration, social security and pensions | 62 | €130 | - | -€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,259 | €48,397 | +€138 | +0.3% |
| Other operating charges | 640/8 | €3,068 | €3,033 | -€35 | -1.1% |
| Gross operating margin | 9900 | €84,295 | €103,880 | +€19,585 | +23.2% |
| Operating profit (loss) | 9901 | €32,838 | €52,450 | +€19,612 | +59.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €2,899 | €2,910 | +€11 | +0.4% |
| Recurring financial charges | 65 | €2,899 | €2,910 | +€11 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €29,939 | €49,540 | +€19,601 | +65.5% |
| Income taxes | 67/77 | €7,747 | €14,126 | +€6,378 | +82.3% |
| Profit (loss) for the period | 9904 | €22,192 | €35,415 | +€13,223 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,192 | €35,415 | +€13,223 | +59.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.