DAKWERKEN VERSCHAEVE MICHAEL: what changed
DAKWERKEN VERSCHAEVE MICHAEL
Largest movements
- Tangible fixed assets +€31,247
up €31,247 (+64.6%), from €48,339 to €79,586
of which Furniture and vehicles: +€32,644
- Stocks and contracts -€8,713
down €8,713 (-79.4%), from €10,972 to €2,259
- Receivables within one year -€4,998
down €4,998 (-23.4%), from €21,401 to €16,404
of which Other amounts receivable: -€11,901
- Cash +€2,834
up €2,834 (+4.0%), from €70,194 to €73,028
mainly Debts after one year (+€37,924) and Depreciation (+€17,383)
- Debts after one year +€37,924
up €37,924 (+138%), from €27,542 to €65,466
of which Financial debts: +€31,757
- Short-term financial debts -€13,572
no longer reported in 2025 (was €13,572)
- Reserves -€11,399
down €11,399 (-13.1%), from €87,099 to €75,700
- Current portion of long-term debt +€10,355
up €10,355 (+156%), from €6,638 to €16,994
- Trade debts -€6,526
down €6,526 (-77.3%), from €8,447 to €1,921
- Gross operating margin -€15,948
down €15,948 (-29.0%), from €55,029 to €39,081
- Taxes -€4,560
down €4,560 (-63.5%), from €7,184 to €2,624
- Depreciation +€3,294
up €3,294 (+23.4%), from €14,089 to €17,383
- Financial charges -€2,438
down €2,438 (-34.2%), from €7,120 to €4,681
of which Non-recurring financial charges: -€1,727
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 | €152,223 | €172,935 | +€20,713 | +13.6% |
| Fixed assets | 21/28 | €48,723 | €81,076 | +€32,352 | +66.4% |
| Intangible fixed assets | 21 | €384 | €334 | -€50 | -13.0% |
| Tangible fixed assets | 22/27 | €48,339 | €79,586 | +€31,247 | +64.6% |
| Plant, machinery and equipment | 23 | €2,621 | €2,351 | -€270 | -10.3% |
| Furniture and vehicles | 24 | €35,689 | €68,333 | +€32,644 | +91.5% |
| Other tangible fixed assets | 26 | €10,030 | €8,902 | -€1,127 | -11.2% |
| Financial fixed assets | 28 | - | €1,155 | +€1,155 | |
| Current assets | 29/58 | €103,499 | €91,860 | -€11,640 | -11.2% |
| Stocks and contracts in progress | 3 | €10,972 | €2,259 | -€8,713 | -79.4% |
| Stocks | 30/36 | €10,972 | €2,259 | -€8,713 | -79.4% |
| Amounts receivable within one year | 40/41 | €21,401 | €16,404 | -€4,998 | -23.4% |
| Trade receivables | 40 | - | €6,904 | +€6,904 | |
| Other amounts receivable | 41 | €21,401 | €9,500 | -€11,901 | -55.6% |
| Cash at bank and in hand | 54/58 | €70,194 | €73,028 | +€2,834 | +4.0% |
| Deferred charges and accrued income | 490/1 | €932 | €169 | -€763 | -81.9% |
| Total equity and liabilities | 10/49 | €152,223 | €172,935 | +€20,713 | +13.6% |
| Equity | 10/15 | €88,599 | €77,200 | -€11,399 | -12.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €87,099 | €75,700 | -€11,399 | -13.1% |
| Distributable reserves | 133 | €87,099 | €75,700 | -€11,399 | -13.1% |
| Amounts payable | 17/49 | €63,624 | €95,736 | +€32,112 | +50.5% |
| Amounts payable after more than one year | 17 | €27,542 | €65,466 | +€37,924 | +138% |
| Financial debts | 170/4 | €14,745 | €46,502 | +€31,757 | +215% |
| Other amounts payable | 178/9 | €12,797 | €18,965 | +€6,167 | +48.2% |
| Amounts payable within one year | 42/48 | €33,795 | €28,328 | -€5,468 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €6,638 | €16,994 | +€10,355 | +156% |
| Financial debts | 43 | €13,572 | - | -€13,572 | |
| Credit institutions | 430/8 | €13,572 | - | -€13,572 | |
| Trade debts | 44 | €8,447 | €1,921 | -€6,526 | -77.3% |
| Suppliers | 440/4 | €8,447 | €1,921 | -€6,526 | -77.3% |
| Taxes, remuneration and social security | 45 | €4,452 | €3,413 | -€1,038 | -23.3% |
| Taxes | 450/3 | €4,452 | €3,413 | -€1,038 | -23.3% |
| Other amounts payable | 47/48 | €687 | €6,000 | +€5,313 | +773% |
| Accrued charges and deferred income | 492/3 | €2,286 | €1,942 | -€344 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,089 | €17,383 | +€3,294 | +23.4% |
| Other operating charges | 640/8 | €1,281 | €1,313 | +€32 | +2.5% |
| Gross operating margin | 9900 | €55,029 | €39,081 | -€15,948 | -29.0% |
| Operating profit (loss) | 9901 | €39,659 | €20,385 | -€19,274 | -48.6% |
| Financial income | 75/76B | €641 | €227 | -€414 | -64.5% |
| Recurring financial income | 75 | €641 | €227 | -€414 | -64.5% |
| Financial charges | 65/66B | €7,120 | €4,681 | -€2,438 | -34.2% |
| Recurring financial charges | 65 | €4,229 | €3,518 | -€711 | -16.8% |
| Non-recurring financial charges | 66B | €2,890 | €1,163 | -€1,727 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €33,181 | €15,931 | -€17,250 | -52.0% |
| Income taxes | 67/77 | €7,184 | €2,624 | -€4,560 | -63.5% |
| Profit (loss) for the period | 9904 | €25,996 | €13,307 | -€12,690 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,996 | €13,307 | -€12,690 | -48.8% |
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 7 November 2026 via checked.be.