D & P 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.
What changed
D & P VERVAEKE
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€25,955
2024 · -€13,846-€12,108
Equity
€12.7m
2024 · €12.7m-€25,955
Cash
€64,096
2024 · €160,036-€95,940
Balance sheet total
€12.8m
2024 · €12.8m+€39,527
Largest movements
Assets
- Current investments +€250,000
new in 2025: €250,000
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€130,271
up €130,271 (+29.5%), from €442,205 to €572,476
- Staff costs +€123,325
up €123,325 (+28.5%), from €432,015 to €555,340
- Depreciation +€19,125
up €19,125 (+112%), from €17,115 to €36,240
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.
Result 2024
-€13,846
Gross operating margin
+€130,271
Staff costs
-€123,325
Depreciation
-€19,125
Other operating charges
+€2,142
Financial income
-€38
Financial charges
-€335
Taxes
-€1,698
Result 2025
-€25,955
raises the resultlowers the result
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.
From operations
+€154,060
Investment
-€250,000
Financing
€0
Cash 2024
€160,036
From operations (derived)
+€154,060
Net result for the year
-€25,955
Depreciation
+€36,240
Receivables within one year
+€78,293
Trade debts
+€45,284
Tax, wage and social debts
+€20,220
Smaller working-capital items
-€23
Investment (derived)
-€250,000
Current investments
-€250,000
Cash 2025
€64,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,799,679 | €12,839,206 | +€39,527 | +0.3% |
| Fixed assets | 21/28 | €12,459,986 | €12,423,746 | -€36,240 | -0.3% |
| Tangible fixed assets | 22/27 | €143,486 | €107,246 | -€36,240 | -25.3% |
| Furniture and vehicles | 24 | €143,486 | €107,246 | -€36,240 | -25.3% |
| Financial fixed assets | 28 | €12,316,500 | €12,316,500 | = | 0.0% |
| Current assets | 29/58 | €339,693 | €415,460 | +€75,767 | +22.3% |
| Amounts receivable within one year | 40/41 | €179,657 | €101,364 | -€78,293 | -43.6% |
| Trade receivables | 40 | €173,312 | €98,588 | -€74,724 | -43.1% |
| Other amounts receivable | 41 | €6,345 | €2,776 | -€3,570 | -56.3% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €160,036 | €64,096 | -€95,940 | -59.9% |
| Total equity and liabilities | 10/49 | €12,799,679 | €12,839,206 | +€39,527 | +0.3% |
| Equity | 10/15 | €12,688,132 | €12,662,178 | -€25,955 | -0.2% |
| Contributions | 10/11 | €12,328,500 | €12,328,500 | = | 0.0% |
| Reserves | 13 | €359,632 | €333,678 | -€25,955 | -7.2% |
| Distributable reserves | 133 | €359,632 | €333,678 | -€25,955 | -7.2% |
| Amounts payable | 17/49 | €111,547 | €177,029 | +€65,482 | +58.7% |
| Amounts payable within one year | 42/48 | €110,803 | €176,368 | +€65,565 | +59.2% |
| Trade debts | 44 | €7,097 | €52,382 | +€45,284 | +638% |
| Suppliers | 440/4 | €7,097 | €52,382 | +€45,284 | +638% |
| Taxes, remuneration and social security | 45 | €94,428 | €114,648 | +€20,220 | +21.4% |
| Taxes | 450/3 | €17,676 | €30,240 | +€12,564 | +71.1% |
| Remuneration and social security | 454/9 | €76,752 | €84,409 | +€7,657 | +10.0% |
| Other amounts payable | 47/48 | €9,278 | €9,338 | +€60 | +0.6% |
| Accrued charges and deferred income | 492/3 | €744 | €661 | -€83 | -11.1% |
| Remuneration, social security and pensions | 62 | €432,015 | €555,340 | +€123,325 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,115 | €36,240 | +€19,125 | +112% |
| Other operating charges | 640/8 | €5,692 | €3,550 | -€2,142 | -37.6% |
| Gross operating margin | 9900 | €442,205 | €572,476 | +€130,271 | +29.5% |
| Operating profit (loss) | 9901 | -€12,617 | -€22,653 | -€10,037 | -79.6% |
| Financial income | 75/76B | €405 | €367 | -€38 | -9.4% |
| Recurring financial income | 75 | €405 | €367 | -€38 | -9.4% |
| Financial charges | 65/66B | €859 | €1,193 | +€335 | +38.9% |
| Recurring financial charges | 65 | €859 | €1,193 | +€335 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,070 | -€23,480 | -€10,410 | -79.6% |
| Income taxes | 67/77 | €776 | €2,475 | +€1,698 | +219% |
| Profit (loss) for the period | 9904 | -€13,846 | -€25,955 | -€12,108 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,846 | -€25,955 | -€12,108 | -87.4% |
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 17 October 2026 via checked.be.