VEREENOOGHE OST: what changed
VEREENOOGHE OST
Largest movements
- Cash -€145,389
down €145,389 (-75.8%), from €191,748 to €46,360
mainly Advances received (-€161,511) and Net result for the year (-€35,870)
- Receivables within one year -€110,879
down €110,879 (-24.8%), from €446,803 to €335,925
of which Trade receivables: -€255,347
- Stocks and contracts -€24,651
down €24,651 (-13.4%), from €184,294 to €159,643
- Advances received -€161,511
down €161,511 (-100%), from €161,511 to €0
- Reserves -€35,870
down €35,870 (-28.9%), from €123,905 to €88,034
of which Distributable reserves: -€35,870
- Other debts -€30,512
down €30,512 (-96.8%), from €31,512 to €1,000
- Tax, wage and social debts -€25,881
down €25,881 (-68.5%), from €37,774 to €11,893
of which Remuneration and social security: -€14,553
- Debts after one year -€25,000
down €25,000 (-9.5%), from €262,500 to €237,500
- Gross operating margin -€45,103
down €45,103 (-25.3%), from €178,437 to €133,334
- Staff costs +€20,357
up €20,357 (+14.0%), from €145,022 to €165,379
- Financial charges +€2,772
up €2,772 (+80.6%), from €3,440 to €6,212
- Other operating charges +€2,424
up €2,424 (+135%), from €1,797 to €4,221
- Taxes -€1,946
down €1,946 (-100%), from €1,946 to €0
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 | €834,466 | €553,755 | -€280,711 | -33.6% |
| Fixed assets | 21/28 | €9,161 | €7,781 | -€1,380 | -15.1% |
| Tangible fixed assets | 22/27 | €9,161 | €7,781 | -€1,380 | -15.1% |
| Plant, machinery and equipment | 23 | €1,917 | €2,334 | +€417 | +21.7% |
| Furniture and vehicles | 24 | €7,243 | €5,447 | -€1,796 | -24.8% |
| Current assets | 29/58 | €825,306 | €545,974 | -€279,332 | -33.8% |
| Stocks and contracts in progress | 3 | €184,294 | €159,643 | -€24,651 | -13.4% |
| Stocks | 30/36 | €184,294 | €159,643 | -€24,651 | -13.4% |
| Amounts receivable within one year | 40/41 | €446,803 | €335,925 | -€110,879 | -24.8% |
| Trade receivables | 40 | €354,400 | €99,053 | -€255,347 | -72.1% |
| Other amounts receivable | 41 | €92,403 | €236,871 | +€144,468 | +156% |
| Cash at bank and in hand | 54/58 | €191,748 | €46,360 | -€145,389 | -75.8% |
| Deferred charges and accrued income | 490/1 | €2,460 | €4,047 | +€1,587 | +64.5% |
| Total equity and liabilities | 10/49 | €834,466 | €553,755 | -€280,711 | -33.6% |
| Equity | 10/15 | €142,497 | €106,626 | -€35,870 | -25.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €123,905 | €88,034 | -€35,870 | -28.9% |
| Tax-exempt reserves | 132 | €12,954 | €12,954 | = | 0.0% |
| Distributable reserves | 133 | €110,951 | €75,080 | -€35,870 | -32.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €691,970 | €447,129 | -€244,841 | -35.4% |
| Amounts payable after more than one year | 17 | €262,500 | €237,500 | -€25,000 | -9.5% |
| Financial debts | 170/4 | €262,500 | €237,500 | -€25,000 | -9.5% |
| Amounts payable within one year | 42/48 | €429,470 | €209,629 | -€219,841 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €173,673 | €171,736 | -€1,937 | -1.1% |
| Suppliers | 440/4 | €173,673 | €171,736 | -€1,937 | -1.1% |
| Advances received on contracts in progress | 46 | €161,511 | €0 | -€161,511 | -100% |
| Taxes, remuneration and social security | 45 | €37,774 | €11,893 | -€25,881 | -68.5% |
| Taxes | 450/3 | €13,274 | €1,946 | -€11,328 | -85.3% |
| Remuneration and social security | 454/9 | €24,500 | €9,947 | -€14,553 | -59.4% |
| Other amounts payable | 47/48 | €31,512 | €1,000 | -€30,512 | -96.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €145,022 | €165,379 | +€20,357 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,714 | €2,371 | +€656 | +38.3% |
| Other operating charges | 640/8 | €1,797 | €4,221 | +€2,424 | +135% |
| Non-recurring operating charges | 66A | €275 | -€275 | -€550 | |
| Gross operating margin | 9900 | €178,437 | €133,334 | -€45,103 | -25.3% |
| Operating profit (loss) | 9901 | €29,628 | -€38,361 | -€67,989 | |
| Financial income | 75/76B | €7,209 | €8,703 | +€1,494 | +20.7% |
| Recurring financial income | 75 | €7,209 | €8,703 | +€1,494 | +20.7% |
| Financial charges | 65/66B | €3,440 | €6,212 | +€2,772 | +80.6% |
| Recurring financial charges | 65 | €3,440 | €6,212 | +€2,772 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €33,397 | -€35,870 | -€69,268 | |
| Income taxes | 67/77 | €1,946 | €0 | -€1,946 | -100% |
| Profit (loss) for the period | 9904 | €31,452 | -€35,870 | -€67,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,452 | -€35,870 | -€67,322 |
Next steps
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 2 November 2026 via checked.be.