BUREAUX VERHEYDEN: what changed
BUREAUX VERHEYDEN
Largest movements
- Tangible fixed assets +€60,754
up €60,754 (+170%), from €35,767 to €96,521
of which Plant, machinery and equipment: +€52,170
- Receivables within one year +€52,456
up €52,456 (+315%), from €16,649 to €69,105
of which Trade receivables: +€49,937
- Cash +€15,366
up €15,366 (+61.9%), from €24,843 to €40,209
mainly Debts after one year (+€44,416) and Trade debts (+€43,838)
- Debts after one year +€44,416
up €44,416 (+186%), from €23,829 to €68,245
- Trade debts +€43,838
up €43,838 (+480%), from €9,131 to €52,968
- Profit (loss) carried forward +€36,820
up €36,820 (+173%), from €21,284 to €58,104
- Current portion of long-term debt +€9,699
up €9,699 (+121%), from €8,007 to €17,706
- Tax, wage and social debts -€5,992
no longer reported in 2025 (was €5,992)
- Gross operating margin +€42,118
up €42,118 (+174%), from €24,170 to €66,288
- Taxes +€9,083
up €9,083 (+351%), from €2,585 to €11,668
- Depreciation +€2,390
up €2,390 (+19.5%), from €12,281 to €14,671
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 | €78,385 | €207,514 | +€129,129 | +165% |
| Fixed assets | 21/28 | €35,767 | €96,521 | +€60,754 | +170% |
| Tangible fixed assets | 22/27 | €35,767 | €96,521 | +€60,754 | +170% |
| Plant, machinery and equipment | 23 | €3,266 | €55,435 | +€52,170 | +1,597% |
| Furniture and vehicles | 24 | €32,501 | €41,086 | +€8,585 | +26.4% |
| Current assets | 29/58 | €42,618 | €110,992 | +€68,375 | +160% |
| Amounts receivable within one year | 40/41 | €16,649 | €69,105 | +€52,456 | +315% |
| Trade receivables | 40 | €13,600 | €63,537 | +€49,937 | +367% |
| Other amounts receivable | 41 | €3,049 | €5,568 | +€2,519 | +82.6% |
| Cash at bank and in hand | 54/58 | €24,843 | €40,209 | +€15,366 | +61.9% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,678 | +€553 | +49.1% |
| Total equity and liabilities | 10/49 | €78,385 | €207,514 | +€129,129 | +165% |
| Equity | 10/15 | €21,284 | €58,104 | +€36,820 | +173% |
| Profit (loss) carried forward | 14 | €21,284 | €58,104 | +€36,820 | +173% |
| Amounts payable | 17/49 | €57,101 | €149,410 | +€92,309 | +162% |
| Amounts payable after more than one year | 17 | €23,829 | €68,245 | +€44,416 | +186% |
| Financial debts | 170/4 | €23,829 | €68,245 | +€44,416 | +186% |
| Amounts payable within one year | 42/48 | €33,272 | €81,165 | +€47,892 | +144% |
| Current portion of amounts payable after more than one year | 42 | €8,007 | €17,706 | +€9,699 | +121% |
| Financial debts | 43 | - | €1,697 | +€1,697 | |
| Credit institutions | 430/8 | - | €1,697 | +€1,697 | |
| Trade debts | 44 | €9,131 | €52,968 | +€43,838 | +480% |
| Suppliers | 440/4 | €9,131 | €52,968 | +€43,838 | +480% |
| Advances received on contracts in progress | 46 | €666 | €2,816 | +€2,151 | +323% |
| Taxes, remuneration and social security | 45 | €5,992 | - | -€5,992 | |
| Taxes | 450/3 | €5,992 | - | -€5,992 | |
| Other amounts payable | 47/48 | €9,477 | €5,977 | -€3,500 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,281 | €14,671 | +€2,390 | +19.5% |
| Other operating charges | 640/8 | €600 | €663 | +€63 | +10.4% |
| Gross operating margin | 9900 | €24,170 | €66,288 | +€42,118 | +174% |
| Operating profit (loss) | 9901 | €11,288 | €50,953 | +€39,665 | +351% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,425% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,425% |
| Financial charges | 65/66B | €1,876 | €2,466 | +€590 | +31.4% |
| Recurring financial charges | 65 | €1,876 | €2,466 | +€590 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €9,412 | €48,488 | +€39,076 | +415% |
| Income taxes | 67/77 | €2,585 | €11,668 | +€9,083 | +351% |
| Profit (loss) for the period | 9904 | €6,827 | €36,820 | +€29,993 | +439% |
| Profit (loss) for the period to be appropriated | 9905 | €6,827 | €36,820 | +€29,993 | +439% |
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 3 November 2026 via checked.be.