VEREENOOGHE HGL: 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.
VEREENOOGHE HGL
Largest movements
- Deferred charges and accrued income -€40,724
down €40,724 (-98.3%), from €41,432 to €708
- Receivables within one year +€31,125
up €31,125 (+23.2%), from €134,446 to €165,570
of which Trade receivables: +€82,952
- Tangible fixed assets -€13,904
down €13,904 (-35.1%), from €39,661 to €25,757
of which Land and buildings: -€14,990
- Profit (loss) carried forward +€37,896
up €37,896, from -€37,896 to €0
- Debts after one year -€27,572
down €27,572 (-70.5%), from €39,135 to €11,562
- Trade debts -€17,105
down €17,105 (-18.0%), from €95,020 to €77,915
- Reserves -€10,493
down €10,493 (-27.8%), from €37,807 to €27,314
of which Distributable reserves: -€10,493
- Tax, wage and social debts -€8,035
down €8,035 (-59.9%), from €13,403 to €5,368
of which Taxes: -€5,113
- Staff costs -€46,066
down €46,066 (-45.2%), from €102,011 to €55,945
- Gross operating margin -€45,355
down €45,355 (-33.0%), from €137,235 to €91,880
- Financial income +€13,009
up €13,009 (+1,231%), from €1,057 to €14,066
- Financial charges -€4,849
down €4,849 (-60.3%), from €8,046 to €3,197
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 | €418,081 | €395,388 | -€22,693 | -5.4% |
| Fixed assets | 21/28 | €39,661 | €25,757 | -€13,904 | -35.1% |
| Tangible fixed assets | 22/27 | €39,661 | €25,757 | -€13,904 | -35.1% |
| Land and buildings | 22 | €32,068 | €17,079 | -€14,990 | -46.7% |
| Plant, machinery and equipment | 23 | €900 | €152 | -€748 | -83.1% |
| Furniture and vehicles | 24 | €6,693 | €8,526 | +€1,833 | +27.4% |
| Current assets | 29/58 | €378,420 | €369,631 | -€8,789 | -2.3% |
| Stocks and contracts in progress | 3 | €194,822 | €195,479 | +€657 | +0.3% |
| Stocks | 30/36 | €194,822 | €195,479 | +€657 | +0.3% |
| Amounts receivable within one year | 40/41 | €134,446 | €165,570 | +€31,125 | +23.2% |
| Trade receivables | 40 | €71,569 | €154,521 | +€82,952 | +116% |
| Other amounts receivable | 41 | €62,877 | €11,050 | -€51,828 | -82.4% |
| Cash at bank and in hand | 54/58 | €7,720 | €7,874 | +€154 | +2.0% |
| Deferred charges and accrued income | 490/1 | €41,432 | €708 | -€40,724 | -98.3% |
| Total equity and liabilities | 10/49 | €418,081 | €395,388 | -€22,693 | -5.4% |
| Equity | 10/15 | €18,511 | €45,914 | +€27,403 | +148% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,807 | €27,314 | -€10,493 | -27.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,947 | €25,454 | -€10,493 | -29.2% |
| Profit (loss) carried forward | 14 | -€37,896 | €0 | +€37,896 | |
| Amounts payable | 17/49 | €399,570 | €349,474 | -€50,096 | -12.5% |
| Amounts payable after more than one year | 17 | €39,135 | €11,562 | -€27,572 | -70.5% |
| Financial debts | 170/4 | €39,135 | €11,562 | -€27,572 | -70.5% |
| Amounts payable within one year | 42/48 | €360,249 | €336,169 | -€24,079 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €31,719 | €27,572 | -€4,147 | -13.1% |
| Financial debts | 43 | €3,226 | €4,916 | +€1,690 | +52.4% |
| Credit institutions | 430/8 | €3,226 | €4,916 | +€1,690 | +52.4% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €95,020 | €77,915 | -€17,105 | -18.0% |
| Suppliers | 440/4 | €95,020 | €77,915 | -€17,105 | -18.0% |
| Taxes, remuneration and social security | 45 | €13,403 | €5,368 | -€8,035 | -59.9% |
| Taxes | 450/3 | €5,513 | €400 | -€5,113 | -92.7% |
| Remuneration and social security | 454/9 | €7,890 | €4,968 | -€2,922 | -37.0% |
| Other amounts payable | 47/48 | €216,881 | €220,398 | +€3,517 | +1.6% |
| Accrued charges and deferred income | 492/3 | €186 | €1,742 | +€1,555 | +835% |
| Remuneration, social security and pensions | 62 | €102,011 | €55,945 | -€46,066 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,769 | €16,637 | -€1,133 | -6.4% |
| Other operating charges | 640/8 | €2,904 | €2,363 | -€541 | -18.6% |
| Gross operating margin | 9900 | €137,235 | €91,880 | -€45,355 | -33.0% |
| Operating profit (loss) | 9901 | €14,550 | €16,935 | +€2,385 | +16.4% |
| Financial income | 75/76B | €1,057 | €14,066 | +€13,009 | +1,231% |
| Recurring financial income | 75 | €1,057 | €14,066 | +€13,009 | +1,231% |
| Financial charges | 65/66B | €8,046 | €3,197 | -€4,849 | -60.3% |
| Recurring financial charges | 65 | €8,046 | €3,197 | -€4,849 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €7,561 | €27,803 | +€20,242 | +268% |
| Income taxes | 67/77 | - | €400 | +€400 | |
| Profit (loss) for the period | 9904 | €7,561 | €27,403 | +€19,842 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €7,561 | €27,403 | +€19,842 | +262% |
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 29 October 2026 via checked.be.