VERONIQUE GHYS: what changed
VERONIQUE GHYS
Largest movements
- Cash -€8,028
no longer reported in 2025 (was €8,028)
mainly Other debts (-€75,823) and Receivables within one year (-€4,557)
- Receivables within one year +€4,557
up €4,557 (+937%), from €486 to €5,044
of which Trade receivables: +€4,595
- Tangible fixed assets -€2,991
down €2,991 (-33.8%), from €8,838 to €5,847
- Other debts -€75,823
down €75,823 (-35.3%), from €214,993 to €139,170
- Debts after one year +€34,048
new in 2025: €34,048
- Short-term financial debts +€24,394
new in 2025: €24,394
- Current portion of long-term debt +€6,845
up €6,845 (+221%), from €3,099 to €9,944
- Tax, wage and social debts +€2,497
up €2,497 (+92.4%), from €2,703 to €5,199
- Financial income -€27,070
down €27,070 (-100.0%), from €27,082 to €12
- Gross operating margin +€8,926
up €8,926 (+557%), from €1,602 to €10,529
- Financial charges +€2,896
up €2,896 (+228%), from €1,273 to €4,169
- Taxes +€1,054
up €1,054 (+592%), from €178 to €1,232
- Depreciation +€384
up €384 (+14.7%), from €2,607 to €2,991
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 | €248,963 | €243,742 | -€5,220 | -2.1% |
| Fixed assets | 21/28 | €228,838 | €225,847 | -€2,991 | -1.3% |
| Tangible fixed assets | 22/27 | €8,838 | €5,847 | -€2,991 | -33.8% |
| Furniture and vehicles | 24 | €8,838 | €5,847 | -€2,991 | -33.8% |
| Financial fixed assets | 28 | €220,000 | €220,000 | = | 0.0% |
| Current assets | 29/58 | €20,125 | €17,896 | -€2,229 | -11.1% |
| Amounts receivable within one year | 40/41 | €486 | €5,044 | +€4,557 | +937% |
| Trade receivables | 40 | €325 | €4,921 | +€4,595 | +1,413% |
| Other amounts receivable | 41 | €161 | €123 | -€38 | -23.5% |
| Current investments | 50/53 | €9,610 | €11,776 | +€2,166 | +22.5% |
| Cash at bank and in hand | 54/58 | €8,028 | - | -€8,028 | |
| Deferred charges and accrued income | 490/1 | €2,000 | €1,075 | -€924 | -46.2% |
| Total equity and liabilities | 10/49 | €248,963 | €243,742 | -€5,220 | -2.1% |
| Equity | 10/15 | €26,322 | €27,670 | +€1,348 | +5.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,322 | €26,670 | +€1,348 | +5.3% |
| Amounts payable | 17/49 | €222,641 | €216,073 | -€6,568 | -3.0% |
| Amounts payable after more than one year | 17 | - | €34,048 | +€34,048 | |
| Financial debts | 170/4 | - | €34,048 | +€34,048 | |
| Amounts payable within one year | 42/48 | €222,641 | €182,025 | -€40,616 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €3,099 | €9,944 | +€6,845 | +221% |
| Financial debts | 43 | - | €24,394 | +€24,394 | |
| Credit institutions | 430/8 | - | €24,394 | +€24,394 | |
| Trade debts | 44 | €1,846 | €3,317 | +€1,471 | +79.6% |
| Suppliers | 440/4 | €1,846 | €3,317 | +€1,471 | +79.6% |
| Taxes, remuneration and social security | 45 | €2,703 | €5,199 | +€2,497 | +92.4% |
| Taxes | 450/3 | €2,703 | €5,199 | +€2,497 | +92.4% |
| Other amounts payable | 47/48 | €214,993 | €139,170 | -€75,823 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,607 | €2,991 | +€384 | +14.7% |
| Other operating charges | 640/8 | €662 | €801 | +€139 | +20.9% |
| Gross operating margin | 9900 | €1,602 | €10,529 | +€8,926 | +557% |
| Operating profit (loss) | 9901 | -€1,667 | €6,737 | +€8,403 | |
| Financial income | 75/76B | €27,082 | €12 | -€27,070 | -100.0% |
| Recurring financial income | 75 | €27,082 | €12 | -€27,070 | -100.0% |
| Financial charges | 65/66B | €1,273 | €4,169 | +€2,896 | +228% |
| Recurring financial charges | 65 | €1,273 | €4,169 | +€2,896 | +228% |
| Profit (loss) for the period before taxes | 9903 | €24,143 | €2,580 | -€21,563 | -89.3% |
| Income taxes | 67/77 | €178 | €1,232 | +€1,054 | +592% |
| Profit (loss) for the period | 9904 | €23,965 | €1,348 | -€22,617 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,965 | €1,348 | -€22,617 | -94.4% |
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 8 November 2026 via checked.be.