VEREECKEN: 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.
VEREECKEN
Largest movements
- Cash +€70,446
up €70,446 (+408%), from €17,281 to €87,728
mainly Other debts (+€73,262) and Receivables within one year (+€60,058)
- Receivables within one year -€60,058
down €60,058 (-68.5%), from €87,644 to €27,586
of which Trade receivables: -€60,429
- Tangible fixed assets -€4,021
down €4,021 (-47.2%), from €8,526 to €4,504
of which Land and buildings: -€2,913
- Other debts +€73,262
up €73,262 (+204%), from €35,952 to €109,214
- Trade debts -€44,231
down €44,231 (-77.2%), from €57,267 to €13,036
- Profit (loss) carried forward -€20,655
down €20,655 (-12.5%), from -€164,766 to -€185,421
- Tax, wage and social debts -€2,436
no longer reported in 2025 (was €2,436)
- Gross operating margin +€69,624
up €69,624 (+86.9%), from -€80,161 to -€10,537
- Depreciation -€851
down €851 (-17.5%), from €4,872 to €4,021
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 | €116,245 | €122,384 | +€6,139 | +5.3% |
| Fixed assets | 21/28 | €8,526 | €4,504 | -€4,021 | -47.2% |
| Tangible fixed assets | 22/27 | €8,526 | €4,504 | -€4,021 | -47.2% |
| Land and buildings | 22 | €5,826 | €2,913 | -€2,913 | -50.0% |
| Plant, machinery and equipment | 23 | €2,700 | €1,591 | -€1,108 | -41.1% |
| Current assets | 29/58 | €107,720 | €117,880 | +€10,160 | +9.4% |
| Stocks and contracts in progress | 3 | €2,792 | €2,566 | -€226 | -8.1% |
| Stocks | 30/36 | €2,792 | €2,566 | -€226 | -8.1% |
| Amounts receivable within one year | 40/41 | €87,644 | €27,586 | -€60,058 | -68.5% |
| Trade receivables | 40 | €87,634 | €27,204 | -€60,429 | -69.0% |
| Other amounts receivable | 41 | €11 | €382 | +€371 | +3,521% |
| Cash at bank and in hand | 54/58 | €17,281 | €87,728 | +€70,446 | +408% |
| Deferred charges and accrued income | 490/1 | €2 | - | -€2 | |
| Total equity and liabilities | 10/49 | €116,245 | €122,384 | +€6,139 | +5.3% |
| Equity | 10/15 | -€28,610 | -€49,265 | -€20,655 | -72.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €74,156 | €74,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,497 | €6,497 | = | 0.0% |
| Legal reserve | 130 | €6,497 | €6,497 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,575 | €1,575 | = | 0.0% |
| Distributable reserves | 133 | €66,084 | €66,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,766 | -€185,421 | -€20,655 | -12.5% |
| Amounts payable | 17/49 | €144,855 | €171,649 | +€26,794 | +18.5% |
| Amounts payable within one year | 42/48 | €144,855 | €171,450 | +€26,595 | +18.4% |
| Financial debts | 43 | €49,200 | €49,200 | = | 0.0% |
| Credit institutions | 430/8 | €49,200 | €49,200 | = | 0.0% |
| Trade debts | 44 | €57,267 | €13,036 | -€44,231 | -77.2% |
| Suppliers | 440/4 | €57,267 | €13,036 | -€44,231 | -77.2% |
| Taxes, remuneration and social security | 45 | €2,436 | - | -€2,436 | |
| Taxes | 450/3 | €2,436 | - | -€2,436 | |
| Other amounts payable | 47/48 | €35,952 | €109,214 | +€73,262 | +204% |
| Accrued charges and deferred income | 492/3 | - | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,872 | €4,021 | -€851 | -17.5% |
| Other operating charges | 640/8 | €850 | €586 | -€265 | -31.1% |
| Non-recurring operating charges | 66A | €371 | - | -€371 | |
| Gross operating margin | 9900 | -€80,161 | -€10,537 | +€69,624 | +86.9% |
| Operating profit (loss) | 9901 | -€86,254 | -€15,144 | +€71,110 | +82.4% |
| Financial income | 75/76B | €86 | €89 | +€3 | +3.6% |
| Recurring financial income | 75 | €86 | €89 | +€3 | +3.6% |
| Financial charges | 65/66B | €5,935 | €5,600 | -€335 | -5.6% |
| Recurring financial charges | 65 | €5,935 | €5,600 | -€335 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€92,103 | -€20,655 | +€71,448 | +77.6% |
| Profit (loss) for the period | 9904 | -€92,103 | -€20,655 | +€71,448 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,103 | -€20,655 | +€71,448 | +77.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.