VEREENIGDE ANTWERPSE COMPAGNIE: what changed
VEREENIGDE ANTWERPSE COMPAGNIE
Largest movements
- Cash +€29,395
up €29,395 (+54.1%), from €54,339 to €83,734
mainly Debts after one year (+€68,124) and Depreciation (+€25,660)
- Tangible fixed assets -€14,555
down €14,555 (-13.6%), from €106,921 to €92,365
of which Land and buildings: -€19,745
- Stocks and contracts -€9,278
down €9,278 (-48.1%), from €19,278 to €10,000
of which Contracts in progress: -€18,777
- Receivables within one year +€4,558
up €4,558 (+10.0%), from €45,648 to €50,206
of which Trade receivables: +€5,383
- Debts after one year +€68,124
up €68,124 (+52.1%), from €130,685 to €198,809
- Other debts -€33,499
down €33,499 (-25.2%), from €132,719 to €99,220
- Advances received -€19,903
no longer reported in 2025 (was €19,903)
- Profit (loss) carried forward -€5,124
down €5,124 (-6.9%), from -€73,893 to -€79,017
- Tax, wage and social debts +€3,371
up €3,371 (+165%), from €2,049 to €5,420
of which Taxes: +€3,449
- Staff costs -€6,766
down €6,766 (-19.5%), from €34,729 to €27,963
- Financial charges +€2,687
up €2,687 (+161%), from €1,666 to €4,352
- Depreciation +€2,283
up €2,283 (+9.8%), from €23,377 to €25,660
- Gross operating margin -€957
down €957 (-1.4%), from €66,053 to €65,096
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,185 | €237,509 | +€11,324 | +5.0% |
| Fixed assets | 21/28 | €106,921 | €92,365 | -€14,555 | -13.6% |
| Tangible fixed assets | 22/27 | €106,921 | €92,365 | -€14,555 | -13.6% |
| Land and buildings | 22 | €96,250 | €76,505 | -€19,745 | -20.5% |
| Plant, machinery and equipment | 23 | €8,520 | €6,850 | -€1,670 | -19.6% |
| Furniture and vehicles | 24 | €2,151 | €9,010 | +€6,859 | +319% |
| Current assets | 29/58 | €119,265 | €145,144 | +€25,879 | +21.7% |
| Stocks and contracts in progress | 3 | €19,278 | €10,000 | -€9,278 | -48.1% |
| Stocks | 30/36 | €501 | €10,000 | +€9,499 | +1,894% |
| Contracts in progress | 37 | €18,777 | - | -€18,777 | |
| Amounts receivable within one year | 40/41 | €45,648 | €50,206 | +€4,558 | +10.0% |
| Trade receivables | 40 | €44,333 | €49,716 | +€5,383 | +12.1% |
| Other amounts receivable | 41 | €1,315 | €490 | -€825 | -62.8% |
| Cash at bank and in hand | 54/58 | €54,339 | €83,734 | +€29,395 | +54.1% |
| Deferred charges and accrued income | 490/1 | - | €1,204 | +€1,204 | |
| Total equity and liabilities | 10/49 | €226,185 | €237,509 | +€11,324 | +5.0% |
| Equity | 10/15 | -€67,693 | -€72,817 | -€5,124 | -7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,893 | -€79,017 | -€5,124 | -6.9% |
| Amounts payable | 17/49 | €293,878 | €310,326 | +€16,448 | +5.6% |
| Amounts payable after more than one year | 17 | €130,685 | €198,809 | +€68,124 | +52.1% |
| Financial debts | 170/4 | €130,685 | €198,809 | +€68,124 | +52.1% |
| Amounts payable within one year | 42/48 | €163,193 | €111,517 | -€51,676 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €8,052 | €6,876 | -€1,175 | -14.6% |
| Trade debts | 44 | €470 | - | -€470 | |
| Suppliers | 440/4 | €470 | - | -€470 | |
| Advances received on contracts in progress | 46 | €19,903 | - | -€19,903 | |
| Taxes, remuneration and social security | 45 | €2,049 | €5,420 | +€3,371 | +165% |
| Taxes | 450/3 | €565 | €4,014 | +€3,449 | +610% |
| Remuneration and social security | 454/9 | €1,484 | €1,406 | -€77 | -5.2% |
| Other amounts payable | 47/48 | €132,719 | €99,220 | -€33,499 | -25.2% |
| Remuneration, social security and pensions | 62 | €34,729 | €27,963 | -€6,766 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,377 | €25,660 | +€2,283 | +9.8% |
| Other operating charges | 640/8 | €12,430 | €11,936 | -€494 | -4.0% |
| Gross operating margin | 9900 | €66,053 | €65,096 | -€957 | -1.4% |
| Operating profit (loss) | 9901 | -€4,483 | -€464 | +€4,019 | +89.6% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €1,666 | €4,352 | +€2,687 | +161% |
| Recurring financial charges | 65 | €1,666 | €4,352 | +€2,687 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€6,144 | -€4,817 | +€1,327 | +21.6% |
| Income taxes | 67/77 | - | €307 | +€307 | |
| Profit (loss) for the period | 9904 | -€6,144 | -€5,124 | +€1,019 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,144 | -€5,124 | +€1,019 | +16.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.