BV Johan Verlinden: 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.
BV Johan Verlinden
Largest movements
- Receivables within one year +€21,108
up €21,108 (+39.7%), from €53,208 to €74,317
of which Trade receivables: +€17,141
- Cash +€18,799
up €18,799 (+18.7%), from €100,539 to €119,338
mainly Net result for the year (+€58,053) and Trade debts (+€18,241)
- Stocks and contracts +€10,426
new in 2025: €10,426
- Deferred charges and accrued income -€8,484
down €8,484 (-46.4%), from €18,264 to €9,781
- Tangible fixed assets +€3,135
up €3,135 (+516%), from €607 to €3,743
of which Furniture and vehicles: +€2,572
- Reserves +€33,901
up €33,901 (+22.5%), from €150,407 to €184,308
- Trade debts +€18,241
up €18,241 (+288%), from €6,342 to €24,584
- Other debts -€7,511
down €7,511 (-23.0%), from €32,673 to €25,163
- Accrued charges and deferred income +€3,700
new in 2025: €3,700
- Tax, wage and social debts -€3,126
down €3,126 (-19.7%), from €15,836 to €12,709
of which Taxes: -€3,126
- Gross operating margin +€30,553
up €30,553 (+53.3%), from €57,363 to €87,916
- Taxes +€8,762
up €8,762 (+57.6%), from €15,211 to €23,973
- Depreciation +€2,283
up €2,283 (+571%), from €400 to €2,683
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 | €217,658 | €262,864 | +€45,206 | +20.8% |
| Fixed assets | 21/28 | €1,607 | €4,743 | +€3,135 | +195% |
| Tangible fixed assets | 22/27 | €607 | €3,743 | +€3,135 | +516% |
| Plant, machinery and equipment | 23 | - | €564 | +€564 | |
| Furniture and vehicles | 24 | €607 | €3,179 | +€2,572 | +424% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €216,051 | €258,122 | +€42,070 | +19.5% |
| Amounts receivable after more than one year | 29 | €44,039 | €44,260 | +€221 | +0.5% |
| Other amounts receivable | 291 | €44,039 | €44,260 | +€221 | +0.5% |
| Stocks and contracts in progress | 3 | - | €10,426 | +€10,426 | |
| Stocks | 30/36 | - | €10,426 | +€10,426 | |
| Amounts receivable within one year | 40/41 | €53,208 | €74,317 | +€21,108 | +39.7% |
| Trade receivables | 40 | €10,914 | €28,055 | +€17,141 | +157% |
| Other amounts receivable | 41 | €42,294 | €46,262 | +€3,967 | +9.4% |
| Cash at bank and in hand | 54/58 | €100,539 | €119,338 | +€18,799 | +18.7% |
| Deferred charges and accrued income | 490/1 | €18,264 | €9,781 | -€8,484 | -46.4% |
| Total equity and liabilities | 10/49 | €217,658 | €262,864 | +€45,206 | +20.8% |
| Equity | 10/15 | €162,807 | €196,708 | +€33,901 | +20.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €150,407 | €184,308 | +€33,901 | +22.5% |
| Distributable reserves | 133 | €150,407 | €184,308 | +€33,901 | +22.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,851 | €66,156 | +€11,305 | +20.6% |
| Amounts payable within one year | 42/48 | €54,851 | €62,456 | +€7,605 | +13.9% |
| Trade debts | 44 | €6,342 | €24,584 | +€18,241 | +288% |
| Suppliers | 440/4 | €6,342 | €24,584 | +€18,241 | +288% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,836 | €12,709 | -€3,126 | -19.7% |
| Taxes | 450/3 | €13,636 | €10,509 | -€3,126 | -22.9% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €32,673 | €25,163 | -€7,511 | -23.0% |
| Accrued charges and deferred income | 492/3 | - | €3,700 | +€3,700 | |
| Remuneration, social security and pensions | 62 | - | €135 | +€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €2,683 | +€2,283 | +571% |
| Other operating charges | 640/8 | €667 | €685 | +€18 | +2.7% |
| Gross operating margin | 9900 | €57,363 | €87,916 | +€30,553 | +53.3% |
| Operating profit (loss) | 9901 | €56,296 | €84,413 | +€28,117 | +49.9% |
| Financial income | 75/76B | €220 | €221 | +€1 | +0.5% |
| Recurring financial income | 75 | €220 | €221 | +€1 | +0.5% |
| Financial charges | 65/66B | €2,824 | €2,608 | -€216 | -7.6% |
| Recurring financial charges | 65 | €2,824 | €2,608 | -€216 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €53,692 | €82,026 | +€28,334 | +52.8% |
| Income taxes | 67/77 | €15,211 | €23,973 | +€8,762 | +57.6% |
| Profit (loss) for the period | 9904 | €38,481 | €58,053 | +€19,571 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,481 | €58,053 | +€19,571 | +50.9% |
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 29 October 2026 via checked.be.