A.P.C. VERSCHAEREN: what changed
What changed
A.P.C. VERSCHAEREN
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
€21,251
2024 · -€75,039+€96,290
Equity
€515,844
2024 · €634,592-€118,749
Cash
€49,192
2024 · €92,887-€43,695
Balance sheet total
€2.3m
2024 · €2.7m-€359,477
Largest movements
Assets
- Stocks and contracts -€183,453
down €183,453 (-23.3%), from €786,534 to €603,081
- Tangible fixed assets -€128,672
down €128,672 (-8.6%), from €1.5m to €1.4m
- Cash -€43,695
down €43,695 (-47.0%), from €92,887 to €49,192
mainly Debts after one year (-€200,425) and Contributions, distributions and other (-€140,000)
Equity and liabilities
- Debts after one year -€200,425
down €200,425 (-22.3%), from €900,075 to €699,651
- Reserves -€118,749
down €118,749 (-20.7%), from €572,619 to €453,870
of which Distributable reserves: -€118,749
- Trade debts -€105,594
down €105,594 (-45.0%), from €234,529 to €128,935
- Current portion of long-term debt +€56,314
up €56,314 (+78.3%), from €71,941 to €128,255
- Short-term financial debts +€32,574
up €32,574 (+10.0%), from €324,843 to €357,417
Income statement
- Financial charges -€59,864
down €59,864 (-42.8%), from €139,740 to €79,876
- Staff costs -€43,129
down €43,129 (-10.4%), from €416,455 to €373,326
- Financial income +€32,581
up €32,581 (+513%), from €6,351 to €38,932
- Depreciation +€27,044
up €27,044 (+24.2%), from €111,541 to €138,586
- Gross operating margin -€7,577
down €7,577 (-1.2%), from €608,426 to €600,849
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.
Result 2024
-€75,039
Gross operating margin
-€7,577
Staff costs
+€43,129
Depreciation
-€27,044
Other operating charges
+€510
Financial income
+€32,581
Financial charges
+€59,864
Taxes
-€5,171
Result 2025
€21,251
raises the resultlowers the result
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.
From operations
+€211,912
Investment
-€4,070
Financing
-€251,538
Cash 2024
€92,887
From operations (derived)
+€211,912
Net result for the year
+€21,251
Depreciation
+€138,586
Stocks and contracts
+€183,453
Receivables within one year
-€10,131
Deferred charges and accrued income
+€7,944
Trade debts
-€105,594
Tax, wage and social debts
-€24,341
Other debts
+€745
Investment (derived)
-€4,070
Investment in fixed assets (net)
-€4,070
Financing
-€251,538
Debts after one year
-€200,425
Current portion of long-term debt
+€56,314
Short-term financial debts
+€32,574
Contributions, distributions and other
-€140,000
Cash 2025
€49,192
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,654,146 | €2,294,669 | -€359,477 | -13.5% |
| Fixed assets | 21/28 | €1,509,298 | €1,374,782 | -€134,516 | -8.9% |
| Intangible fixed assets | 21 | €7,637 | €1,793 | -€5,844 | -76.5% |
| Tangible fixed assets | 22/27 | €1,500,334 | €1,371,662 | -€128,672 | -8.6% |
| Land and buildings | 22 | €1,267,788 | €1,205,286 | -€62,502 | -4.9% |
| Plant, machinery and equipment | 23 | €1,532 | €130 | -€1,403 | -91.5% |
| Furniture and vehicles | 24 | €20,851 | €9,562 | -€11,290 | -54.1% |
| Leasing and similar rights | 25 | €129,857 | €90,714 | -€39,144 | -30.1% |
| Other tangible fixed assets | 26 | €80,305 | €65,971 | -€14,334 | -17.8% |
| Financial fixed assets | 28 | €1,327 | €1,327 | = | 0.0% |
| Current assets | 29/58 | €1,144,848 | €919,887 | -€224,960 | -19.6% |
| Stocks and contracts in progress | 3 | €786,534 | €603,081 | -€183,453 | -23.3% |
| Stocks | 30/36 | €786,534 | €603,081 | -€183,453 | -23.3% |
| Amounts receivable within one year | 40/41 | €235,871 | €246,002 | +€10,131 | +4.3% |
| Trade receivables | 40 | €200,052 | €209,152 | +€9,100 | +4.5% |
| Other amounts receivable | 41 | €35,819 | €36,850 | +€1,031 | +2.9% |
| Cash at bank and in hand | 54/58 | €92,887 | €49,192 | -€43,695 | -47.0% |
| Deferred charges and accrued income | 490/1 | €29,555 | €21,612 | -€7,944 | -26.9% |
| Total equity and liabilities | 10/49 | €2,654,146 | €2,294,669 | -€359,477 | -13.5% |
| Equity | 10/15 | €634,592 | €515,844 | -€118,749 | -18.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €572,619 | €453,870 | -€118,749 | -20.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €566,422 | €447,673 | -€118,749 | -21.0% |
| Amounts payable | 17/49 | €2,019,553 | €1,778,825 | -€240,728 | -11.9% |
| Amounts payable after more than one year | 17 | €900,075 | €699,651 | -€200,425 | -22.3% |
| Financial debts | 170/4 | €900,075 | €699,651 | -€200,425 | -22.3% |
| Amounts payable within one year | 42/48 | €1,116,478 | €1,076,175 | -€40,303 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €71,941 | €128,255 | +€56,314 | +78.3% |
| Financial debts | 43 | €324,843 | €357,417 | +€32,574 | +10.0% |
| Credit institutions | 430/8 | €324,843 | €357,417 | +€32,574 | +10.0% |
| Trade debts | 44 | €234,529 | €128,935 | -€105,594 | -45.0% |
| Suppliers | 440/4 | €234,529 | €128,935 | -€105,594 | -45.0% |
| Taxes, remuneration and social security | 45 | €87,729 | €63,388 | -€24,341 | -27.7% |
| Taxes | 450/3 | €45,240 | €39,658 | -€5,582 | -12.3% |
| Remuneration and social security | 454/9 | €42,490 | €23,730 | -€18,760 | -44.2% |
| Other amounts payable | 47/48 | €397,435 | €398,180 | +€745 | +0.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €416,455 | €373,326 | -€43,129 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,541 | €138,586 | +€27,044 | +24.2% |
| Other operating charges | 640/8 | €20,101 | €19,591 | -€510 | -2.5% |
| Gross operating margin | 9900 | €608,426 | €600,849 | -€7,577 | -1.2% |
| Operating profit (loss) | 9901 | €60,329 | €69,345 | +€9,017 | +14.9% |
| Financial income | 75/76B | €6,351 | €38,932 | +€32,581 | +513% |
| Recurring financial income | 75 | €6,351 | €38,932 | +€32,581 | +513% |
| Financial charges | 65/66B | €139,740 | €79,876 | -€59,864 | -42.8% |
| Recurring financial charges | 65 | €139,740 | €79,876 | -€59,864 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | -€73,060 | €28,402 | +€101,461 | |
| Income taxes | 67/77 | €1,979 | €7,150 | +€5,171 | +261% |
| Profit (loss) for the period | 9904 | -€75,039 | €21,251 | +€96,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,039 | €21,251 | +€96,290 |
Next steps
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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 6 November 2026 via checked.be.