DE VERBOUWSTEEN: what changed
What changed
DE VERBOUWSTEEN
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€34,634
2024 · €11,000+€23,633
Equity
€165,764
2024 · €156,661+€9,103
Cash
€63,512
2024 · €16,931+€46,581
Balance sheet total
€277,430
2024 · €241,386+€36,044
Largest movements
Assets
- Cash +€46,581
up €46,581 (+275%), from €16,931 to €63,512
mainly Net result for the year (+€34,634) and Depreciation (+€26,404)
- Receivables within one year -€22,516
down €22,516 (-22.3%), from €100,769 to €78,252
of which Other amounts receivable: -€23,659
- Tangible fixed assets +€17,982
up €17,982 (+16.8%), from €107,252 to €125,234
of which Plant, machinery and equipment: +€30,150
- Receivables after one year -€7,157
down €7,157 (-100%), from €7,157 to €0
Equity and liabilities
- Debts after one year +€14,082
up €14,082 (+41.2%), from €34,150 to €48,232
- Reserves +€9,103
up €9,103 (+6.3%), from €144,261 to €153,364
- Tax, wage and social debts +€6,900
up €6,900 (+45.4%), from €15,205 to €22,105
of which Taxes: +€8,711
- Current portion of long-term debt +€5,899
up €5,899 (+101%), from €5,824 to €11,723
Income statement
- Gross operating margin +€66,541
up €66,541 (+46.1%), from €144,350 to €210,892
- Staff costs +€21,017
up €21,017 (+19.4%), from €108,238 to €129,255
- Depreciation +€11,301
up €11,301 (+74.8%), from €15,103 to €26,404
- Taxes +€9,892
up €9,892 (+231%), from €4,274 to €14,166
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.
Result 2024
€11,000
Gross operating margin
+€66,541
Staff costs
-€21,017
Depreciation
-€11,301
Other operating charges
+€863
Financial income
-€191
Financial charges
-€1,369
Taxes
-€9,892
Result 2025
€34,634
raises the resultlowers the result
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.
From operations
+€96,777
Investment
-€44,386
Financing
-€5,810
Cash 2024
€16,931
From operations (derived)
+€96,777
Net result for the year
+€34,634
Depreciation
+€26,404
Receivables after one year
+€7,157
Receivables within one year
+€22,516
Deferred charges and accrued income
-€1,155
Trade debts
+€92
Tax, wage and social debts
+€6,900
Accrued charges and deferred income
+€228
Investment (derived)
-€44,386
Investment in fixed assets (net)
-€44,386
Financing
-€5,810
Debts after one year
+€14,082
Current portion of long-term debt
+€5,899
Short-term financial debts
-€260
Contributions, distributions and other
-€25,531
Cash 2025
€63,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,386 | €277,430 | +€36,044 | +14.9% |
| Fixed assets | 21/28 | €109,057 | €127,039 | +€17,982 | +16.5% |
| Tangible fixed assets | 22/27 | €107,252 | €125,234 | +€17,982 | +16.8% |
| Plant, machinery and equipment | 23 | €5,592 | €35,743 | +€30,150 | +539% |
| Furniture and vehicles | 24 | €8,629 | €6,710 | -€1,919 | -22.2% |
| Other tangible fixed assets | 26 | €93,031 | €82,782 | -€10,249 | -11.0% |
| Financial fixed assets | 28 | €1,805 | €1,805 | = | 0.0% |
| Current assets | 29/58 | €132,328 | €150,390 | +€18,062 | +13.6% |
| Amounts receivable after more than one year | 29 | €7,157 | €0 | -€7,157 | -100% |
| Other amounts receivable | 291 | €7,157 | €0 | -€7,157 | -100% |
| Amounts receivable within one year | 40/41 | €100,769 | €78,252 | -€22,516 | -22.3% |
| Trade receivables | 40 | €66,453 | €67,596 | +€1,143 | +1.7% |
| Other amounts receivable | 41 | €34,316 | €10,657 | -€23,659 | -68.9% |
| Cash at bank and in hand | 54/58 | €16,931 | €63,512 | +€46,581 | +275% |
| Deferred charges and accrued income | 490/1 | €7,472 | €8,626 | +€1,155 | +15.5% |
| Total equity and liabilities | 10/49 | €241,386 | €277,430 | +€36,044 | +14.9% |
| Equity | 10/15 | €156,661 | €165,764 | +€9,103 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €144,261 | €153,364 | +€9,103 | +6.3% |
| Distributable reserves | 133 | €144,261 | €153,364 | +€9,103 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,724 | €111,666 | +€26,941 | +31.8% |
| Amounts payable after more than one year | 17 | €34,150 | €48,232 | +€14,082 | +41.2% |
| Financial debts | 170/4 | €34,150 | €48,232 | +€14,082 | +41.2% |
| Amounts payable within one year | 42/48 | €50,574 | €63,205 | +€12,631 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €5,824 | €11,723 | +€5,899 | +101% |
| Financial debts | 43 | €260 | €0 | -€260 | -100% |
| Credit institutions | 430/8 | €260 | €0 | -€260 | -100% |
| Trade debts | 44 | €29,285 | €29,377 | +€92 | +0.3% |
| Suppliers | 440/4 | €29,285 | €29,377 | +€92 | +0.3% |
| Taxes, remuneration and social security | 45 | €15,205 | €22,105 | +€6,900 | +45.4% |
| Taxes | 450/3 | €5,246 | €13,957 | +€8,711 | +166% |
| Remuneration and social security | 454/9 | €9,959 | €8,148 | -€1,811 | -18.2% |
| Accrued charges and deferred income | 492/3 | - | €228 | +€228 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €108,238 | €129,255 | +€21,017 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,103 | €26,404 | +€11,301 | +74.8% |
| Other operating charges | 640/8 | €3,364 | €2,501 | -€863 | -25.7% |
| Gross operating margin | 9900 | €144,350 | €210,892 | +€66,541 | +46.1% |
| Operating profit (loss) | 9901 | €17,646 | €52,732 | +€35,086 | +199% |
| Financial income | 75/76B | €471 | €279 | -€191 | -40.7% |
| Recurring financial income | 75 | €471 | €279 | -€191 | -40.7% |
| Financial charges | 65/66B | €2,842 | €4,212 | +€1,369 | +48.2% |
| Recurring financial charges | 65 | €2,842 | €2,896 | +€54 | +1.9% |
| Non-recurring financial charges | 66B | - | €1,316 | +€1,316 | |
| Profit (loss) for the period before taxes | 9903 | €15,274 | €48,800 | +€33,526 | +219% |
| Income taxes | 67/77 | €4,274 | €14,166 | +€9,892 | +231% |
| Profit (loss) for the period | 9904 | €11,000 | €34,634 | +€23,633 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €11,000 | €34,634 | +€23,633 | +215% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.