BERT VERVAEKE: 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.
BERT VERVAEKE
Largest movements
- Tangible fixed assets -€6,180
down €6,180 (-24.2%), from €25,584 to €19,404
of which Furniture and vehicles: -€5,095
- Receivables within one year +€2,089
up €2,089 (+22.9%), from €9,120 to €11,209
of which Other amounts receivable: +€1,254
- Cash +€1,275
up €1,275 (+2.8%), from €45,304 to €46,579
mainly Depreciation (+€6,180) and Net result for the year (+€1,604)
- Debts after one year -€4,949
down €4,949 (-26.3%), from €18,842 to €13,893
- Reserves +€1,604
up €1,604 (+5.1%), from €31,522 to €33,126
- Trade debts -€1,475
down €1,475 (-69.0%), from €2,138 to €663
- Tax, wage and social debts +€1,192
up €1,192 (+42.9%), from €2,779 to €3,971
of which Taxes: +€3,057
- Depreciation +€2,985
up €2,985 (+93.4%), from €3,195 to €6,180
- Gross operating margin -€1,527
down €1,527 (-10.4%), from €14,626 to €13,099
- Financial charges +€431
up €431 (+55.8%), from €771 to €1,202
- Taxes +€338
up €338 (+10.7%), from €3,166 to €3,504
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 | €81,550 | €78,454 | -€3,096 | -3.8% |
| Fixed assets | 21/28 | €25,584 | €19,404 | -€6,180 | -24.2% |
| Tangible fixed assets | 22/27 | €25,584 | €19,404 | -€6,180 | -24.2% |
| Plant, machinery and equipment | 23 | €2,449 | €1,364 | -€1,085 | -44.3% |
| Furniture and vehicles | 24 | €23,135 | €18,040 | -€5,095 | -22.0% |
| Current assets | 29/58 | €55,966 | €59,050 | +€3,084 | +5.5% |
| Amounts receivable within one year | 40/41 | €9,120 | €11,209 | +€2,089 | +22.9% |
| Trade receivables | 40 | €8,233 | €9,068 | +€836 | +10.1% |
| Other amounts receivable | 41 | €887 | €2,140 | +€1,254 | +141% |
| Cash at bank and in hand | 54/58 | €45,304 | €46,579 | +€1,275 | +2.8% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,262 | -€281 | -18.2% |
| Total equity and liabilities | 10/49 | €81,550 | €78,454 | -€3,096 | -3.8% |
| Equity | 10/15 | €50,122 | €51,726 | +€1,604 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,522 | €33,126 | +€1,604 | +5.1% |
| Distributable reserves | 133 | €31,522 | €33,126 | +€1,604 | +5.1% |
| Amounts payable | 17/49 | €31,428 | €26,729 | -€4,700 | -15.0% |
| Amounts payable after more than one year | 17 | €18,842 | €13,893 | -€4,949 | -26.3% |
| Financial debts | 170/4 | €18,842 | €13,893 | -€4,949 | -26.3% |
| Amounts payable within one year | 42/48 | €12,586 | €12,835 | +€249 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €4,726 | €4,949 | +€223 | +4.7% |
| Trade debts | 44 | €2,138 | €663 | -€1,475 | -69.0% |
| Suppliers | 440/4 | €2,138 | €663 | -€1,475 | -69.0% |
| Taxes, remuneration and social security | 45 | €2,779 | €3,971 | +€1,192 | +42.9% |
| Taxes | 450/3 | €914 | €3,971 | +€3,057 | +334% |
| Remuneration and social security | 454/9 | €1,865 | - | -€1,865 | |
| Other amounts payable | 47/48 | €2,943 | €3,252 | +€309 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,195 | €6,180 | +€2,985 | +93.4% |
| Other operating charges | 640/8 | €587 | €626 | +€39 | +6.6% |
| Gross operating margin | 9900 | €14,626 | €13,099 | -€1,527 | -10.4% |
| Operating profit (loss) | 9901 | €10,844 | €6,293 | -€4,551 | -42.0% |
| Financial income | 75/76B | €7 | €16 | +€9 | +125% |
| Recurring financial income | 75 | €7 | €16 | +€9 | +125% |
| Financial charges | 65/66B | €771 | €1,202 | +€431 | +55.8% |
| Recurring financial charges | 65 | €771 | €1,202 | +€431 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €10,080 | €5,108 | -€4,972 | -49.3% |
| Income taxes | 67/77 | €3,166 | €3,504 | +€338 | +10.7% |
| Profit (loss) for the period | 9904 | €6,914 | €1,604 | -€5,310 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,914 | €1,604 | -€5,310 | -76.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.