VEREECKE SERVICES: 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 SERVICES
Largest movements
- Current investments +€637,500
new in 2025: €637,500
- Receivables within one year -€405,026
down €405,026 (-22.8%), from €1.8m to €1.4m
of which Other amounts receivable: -€469,640
- Cash -€35,485
down €35,485 (-94.2%), from €37,682 to €2,197
mainly Current investments (-€637,500) and Trade debts (-€52,050)
- Other debts +€345,663
up €345,663 (+717%), from €48,242 to €393,906
- Trade debts -€52,050
down €52,050 (-23.4%), from €222,530 to €170,481
- Tax, wage and social debts -€47,072
down €47,072 (-89.5%), from €52,604 to €5,532
- Reserves -€29,590
down €29,590 (-1.5%), from €1.9m to €1.9m
of which Distributable reserves: -€29,590
- Financial charges -€700,696
down €700,696 (-97.1%), from €721,823 to €21,127
of which Non-recurring financial charges: -€713,389
- Financial income +€15,093
up €15,093 (+39.8%), from €37,957 to €53,050
of which Financial income: +€15,093
- Gross operating margin -€14,398
down €14,398 (-88.3%), from -€16,297 to -€30,695
- Taxes -€3,109
down €3,109 (-54.3%), from €5,726 to €2,618
- Depreciation -€1,938
down €1,938 (-15.1%), from €12,792 to €10,854
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 | €2,717,720 | €2,894,683 | +€176,963 | +6.5% |
| Fixed assets | 21/28 | €899,818 | €879,972 | -€19,846 | -2.2% |
| Tangible fixed assets | 22/27 | €70,772 | €50,926 | -€19,846 | -28.0% |
| Furniture and vehicles | 24 | - | €3,472 | +€3,472 | |
| Leasing and similar rights | 25 | €70,772 | €47,454 | -€23,318 | -32.9% |
| Financial fixed assets | 28 | €829,046 | €829,046 | = | 0.0% |
| Current assets | 29/58 | €1,817,903 | €2,014,712 | +€196,809 | +10.8% |
| Amounts receivable within one year | 40/41 | €1,777,647 | €1,372,621 | -€405,026 | -22.8% |
| Trade receivables | 40 | €30,492 | €95,106 | +€64,614 | +212% |
| Other amounts receivable | 41 | €1,747,155 | €1,277,515 | -€469,640 | -26.9% |
| Current investments | 50/53 | - | €637,500 | +€637,500 | |
| Cash at bank and in hand | 54/58 | €37,682 | €2,197 | -€35,485 | -94.2% |
| Deferred charges and accrued income | 490/1 | €2,574 | €2,394 | -€180 | -7.0% |
| Total equity and liabilities | 10/49 | €2,717,720 | €2,894,683 | +€176,963 | +6.5% |
| Equity | 10/15 | €2,012,815 | €1,983,224 | -€29,590 | -1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,912,815 | €1,883,224 | -€29,590 | -1.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,322 | €43,322 | = | 0.0% |
| Distributable reserves | 133 | €1,859,493 | €1,829,903 | -€29,590 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €295,235 | €295,235 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €295,235 | €295,235 | = | 0.0% |
| Pensions and similar obligations | 160 | €295,235 | €295,235 | = | 0.0% |
| Amounts payable | 17/49 | €409,670 | €616,223 | +€206,554 | +50.4% |
| Amounts payable after more than one year | 17 | €50,165 | €28,350 | -€21,815 | -43.5% |
| Financial debts | 170/4 | €50,165 | €28,350 | -€21,815 | -43.5% |
| Amounts payable within one year | 42/48 | €358,763 | €587,874 | +€229,111 | +63.9% |
| Current portion of amounts payable after more than one year | 42 | €35,386 | €17,955 | -€17,430 | -49.3% |
| Trade debts | 44 | €222,530 | €170,481 | -€52,050 | -23.4% |
| Suppliers | 440/4 | €222,530 | €170,481 | -€52,050 | -23.4% |
| Taxes, remuneration and social security | 45 | €52,604 | €5,532 | -€47,072 | -89.5% |
| Taxes | 450/3 | €52,604 | €5,532 | -€47,072 | -89.5% |
| Other amounts payable | 47/48 | €48,242 | €393,906 | +€345,663 | +717% |
| Accrued charges and deferred income | 492/3 | €742 | €0 | -€742 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,792 | €10,854 | -€1,938 | -15.1% |
| Other operating charges | 640/8 | €4,595 | €4,082 | -€512 | -11.2% |
| Non-recurring operating charges | 66A | €0 | €13,264 | +€13,264 | |
| Gross operating margin | 9900 | -€16,297 | -€30,695 | -€14,398 | -88.3% |
| Operating profit (loss) | 9901 | -€33,684 | -€58,896 | -€25,212 | -74.8% |
| Financial income | 75/76B | €37,957 | €53,050 | +€15,093 | +39.8% |
| Recurring financial income | 75 | €37,957 | €53,050 | +€15,093 | +39.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €721,823 | €21,127 | -€700,696 | -97.1% |
| Recurring financial charges | 65 | €8,435 | €21,127 | +€12,692 | +150% |
| Non-recurring financial charges | 66B | €713,389 | €0 | -€713,389 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€717,550 | -€26,973 | +€690,578 | +96.2% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €5,726 | €2,618 | -€3,109 | -54.3% |
| Profit (loss) for the period | 9904 | -€723,277 | -€29,590 | +€693,686 | +95.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€723,277 | -€29,590 | +€693,686 | +95.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.