Bezettingswerken Verhoeven: 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.
Bezettingswerken Verhoeven
Largest movements
- Cash -€59,416
down €59,416 (-32.3%), from €183,793 to €124,377
mainly Debts after one year (-€93,309) and Receivables within one year (-€21,039)
- Tangible fixed assets -€35,778
down €35,778 (-12.4%), from €288,733 to €252,956
of which Land and buildings: -€20,620
- Receivables within one year +€21,039
up €21,039 (+248%), from €8,498 to €29,536
of which Trade receivables: +€15,780
- Debts after one year -€93,309
no longer reported in 2025 (was €93,309)
of which Other amounts payable: -€87,000
- Reserves +€49,573
up €49,573 (+18.5%), from €267,818 to €317,392
- Tax, wage and social debts -€12,573
down €12,573 (-78.9%), from €15,944 to €3,371
- Current portion of long-term debt -€12,080
down €12,080 (-65.7%), from €18,389 to €6,309
- Trade debts -€5,289
down €5,289 (-97.9%), from €5,403 to €114
- Financial charges -€6,159
down €6,159 (-62.3%), from €9,893 to €3,734
- Gross operating margin -€2,585
down €2,585 (-2.3%), from €113,315 to €110,730
- Depreciation -€2,053
down €2,053 (-5.4%), from €37,831 to €35,778
- Taxes +€1,541
up €1,541 (+9.0%), from €17,067 to €18,609
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 | €483,463 | €406,869 | -€76,594 | -15.8% |
| Fixed assets | 21/28 | €288,733 | €252,956 | -€35,778 | -12.4% |
| Tangible fixed assets | 22/27 | €288,733 | €252,956 | -€35,778 | -12.4% |
| Land and buildings | 22 | €241,734 | €221,114 | -€20,620 | -8.5% |
| Plant, machinery and equipment | 23 | €5,632 | €3,342 | -€2,290 | -40.7% |
| Furniture and vehicles | 24 | €41,367 | €28,500 | -€12,867 | -31.1% |
| Current assets | 29/58 | €194,729 | €153,914 | -€40,816 | -21.0% |
| Amounts receivable within one year | 40/41 | €8,498 | €29,536 | +€21,039 | +248% |
| Trade receivables | 40 | €565 | €16,345 | +€15,780 | +2,793% |
| Other amounts receivable | 41 | €7,933 | €13,191 | +€5,259 | +66.3% |
| Cash at bank and in hand | 54/58 | €183,793 | €124,377 | -€59,416 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,439 | - | -€2,439 | |
| Total equity and liabilities | 10/49 | €483,463 | €406,869 | -€76,594 | -15.8% |
| Equity | 10/15 | €302,818 | €352,392 | +€49,573 | +16.4% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €267,818 | €317,392 | +€49,573 | +18.5% |
| Distributable reserves | 133 | €267,818 | €317,392 | +€49,573 | +18.5% |
| Amounts payable | 17/49 | €180,645 | €54,477 | -€126,167 | -69.8% |
| Amounts payable after more than one year | 17 | €93,309 | - | -€93,309 | |
| Financial debts | 170/4 | €6,309 | - | -€6,309 | |
| Other amounts payable | 178/9 | €87,000 | - | -€87,000 | |
| Amounts payable within one year | 42/48 | €87,335 | €54,477 | -€32,858 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €18,389 | €6,309 | -€12,080 | -65.7% |
| Trade debts | 44 | €5,403 | €114 | -€5,289 | -97.9% |
| Suppliers | 440/4 | €5,403 | €114 | -€5,289 | -97.9% |
| Taxes, remuneration and social security | 45 | €15,944 | €3,371 | -€12,573 | -78.9% |
| Taxes | 450/3 | €15,944 | €3,371 | -€12,573 | -78.9% |
| Other amounts payable | 47/48 | €47,600 | €44,683 | -€2,917 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,831 | €35,778 | -€2,053 | -5.4% |
| Other operating charges | 640/8 | €3,913 | €3,879 | -€34 | -0.9% |
| Gross operating margin | 9900 | €113,315 | €110,730 | -€2,585 | -2.3% |
| Operating profit (loss) | 9901 | €71,571 | €71,073 | -€498 | -0.7% |
| Financial income | 75/76B | €879 | €842 | -€37 | -4.2% |
| Recurring financial income | 75 | €879 | €842 | -€37 | -4.2% |
| Financial charges | 65/66B | €9,893 | €3,734 | -€6,159 | -62.3% |
| Recurring financial charges | 65 | €9,893 | €3,734 | -€6,159 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €62,558 | €68,182 | +€5,624 | +9.0% |
| Income taxes | 67/77 | €17,067 | €18,609 | +€1,541 | +9.0% |
| Profit (loss) for the period | 9904 | €45,491 | €49,573 | +€4,083 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,491 | €49,573 | +€4,083 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.