de Verfmarkt: 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
de Verfmarkt
NACE 47.530, Retail trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€60,332
2023 · €48,175+€12,157
Equity
€685,265
2023 · €624,933+€60,332
Cash
€242,755
2023 · €156,216+€86,539
Balance sheet total
€1.1m
2023 · €1.1m+€2,093
Largest movements
Assets
- Cash +€86,539
up €86,539 (+55.4%), from €156,216 to €242,755
mainly Current investments (+€75,000) and Net result for the year (+€60,332)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
Equity and liabilities
- Reserves +€60,332
up €60,332 (+24.5%), from €246,679 to €307,011
of which Distributable reserves: +€60,332
- Debts after one year -€35,457
down €35,457 (-11.7%), from €303,740 to €268,284
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Trade debts +€22,438
up €22,438 (+22.2%), from €101,252 to €123,690
- Tax, wage and social debts -€15,037
down €15,037 (-41.9%), from €35,854 to €20,817
of which Taxes: -€14,549
Income statement
- Depreciation -€33,606
down €33,606 (-60.7%), from €55,336 to €21,729
- Staff costs +€11,660
up €11,660 (+13.6%), from €85,578 to €97,238
- Gross operating margin -€4,256
down €4,256 (-1.8%), from €235,254 to €230,998
- Other operating charges +€4,119
up €4,119 (+28.9%), from €14,240 to €18,360
- Financial charges -€2,730
down €2,730 (-26.8%), from €10,191 to €7,461
From the 2023 result to the 2024 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 2023
€48,175
Gross operating margin
-€4,256
Staff costs
-€11,660
Depreciation
+€33,606
Write-downs
-€1,619
Other operating charges
-€4,119
Financial income
-€1,131
Financial charges
+€2,730
Taxes
+€2,082
Deferred taxes and other
-€3,475
Result 2024
€60,332
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€90,289
Investment
+€56,280
Financing
-€60,030
Cash 2023
€156,216
From operations (derived)
+€90,289
Net result for the year
+€60,332
Depreciation
+€21,729
Receivables after one year
+€3,454
Stocks and contracts
-€4,620
Receivables within one year
+€8,933
Deferred charges and accrued income
-€1,331
Trade debts
+€22,438
Tax, wage and social debts
-€15,037
Accrued charges and deferred income
-€5,609
Investment (derived)
+€56,280
Investment in fixed assets (net)
-€18,720
Current investments
+€75,000
Financing
-€60,030
Debts after one year
-€35,457
Current portion of long-term debt
+€427
Short-term financial debts
-€25,000
Cash 2024
€242,755
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,035 | €1,141,128 | +€2,093 | +0.2% |
| Fixed assets | 21/28 | €709,080 | €706,070 | -€3,010 | -0.4% |
| Tangible fixed assets | 22/27 | €708,390 | €705,380 | -€3,010 | -0.4% |
| Land and buildings | 22 | €702,433 | €688,831 | -€13,602 | -1.9% |
| Plant, machinery and equipment | 23 | €2,632 | €14,975 | +€12,343 | +469% |
| Other tangible fixed assets | 26 | €3,325 | €1,574 | -€1,751 | -52.7% |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €429,955 | €435,058 | +€5,103 | +1.2% |
| Amounts receivable after more than one year | 29 | €37,221 | €33,767 | -€3,454 | -9.3% |
| Other amounts receivable | 291 | €37,221 | €33,767 | -€3,454 | -9.3% |
| Stocks and contracts in progress | 3 | €83,320 | €87,940 | +€4,620 | +5.5% |
| Stocks | 30/36 | €83,320 | €87,940 | +€4,620 | +5.5% |
| Amounts receivable within one year | 40/41 | €77,307 | €68,374 | -€8,933 | -11.6% |
| Trade receivables | 40 | €77,177 | €64,715 | -€12,462 | -16.1% |
| Other amounts receivable | 41 | €130 | €3,660 | +€3,530 | +2,715% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €156,216 | €242,755 | +€86,539 | +55.4% |
| Deferred charges and accrued income | 490/1 | €891 | €2,221 | +€1,331 | +149% |
| Total equity and liabilities | 10/49 | €1,139,035 | €1,141,128 | +€2,093 | +0.2% |
| Equity | 10/15 | €624,933 | €685,265 | +€60,332 | +9.7% |
| Contributions | 10/11 | €935,000 | €935,000 | = | 0.0% |
| Capital | 10 | €935,000 | €935,000 | = | 0.0% |
| Issued capital | 100 | €935,000 | €935,000 | = | 0.0% |
| Reserves | 13 | €246,679 | €307,011 | +€60,332 | +24.5% |
| Non-distributable reserves | 130/1 | €93,500 | €93,500 | = | 0.0% |
| Legal reserve | 130 | €93,500 | €93,500 | = | 0.0% |
| Distributable reserves | 133 | €153,179 | €213,511 | +€60,332 | +39.4% |
| Profit (loss) carried forward | 14 | -€556,746 | -€556,746 | = | 0.0% |
| Amounts payable | 17/49 | €514,102 | €455,864 | -€58,238 | -11.3% |
| Amounts payable after more than one year | 17 | €303,740 | €268,284 | -€35,457 | -11.7% |
| Financial debts | 170/4 | €303,740 | €268,284 | -€35,457 | -11.7% |
| Amounts payable within one year | 42/48 | €197,135 | €179,963 | -€17,172 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €35,030 | €35,457 | +€427 | +1.2% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €101,252 | €123,690 | +€22,438 | +22.2% |
| Suppliers | 440/4 | €101,252 | €123,690 | +€22,438 | +22.2% |
| Taxes, remuneration and social security | 45 | €35,854 | €20,817 | -€15,037 | -41.9% |
| Taxes | 450/3 | €20,578 | €6,029 | -€14,549 | -70.7% |
| Remuneration and social security | 454/9 | €15,276 | €14,788 | -€488 | -3.2% |
| Accrued charges and deferred income | 492/3 | €13,226 | €7,617 | -€5,609 | -42.4% |
| Non-recurring operating income | 76A | - | €1,860 | +€1,860 | |
| Remuneration, social security and pensions | 62 | €85,578 | €97,238 | +€11,660 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,336 | €21,729 | -€33,606 | -60.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,619 | €0 | +€1,619 | |
| Other operating charges | 640/8 | €14,240 | €18,360 | +€4,119 | +28.9% |
| Gross operating margin | 9900 | €235,254 | €230,998 | -€4,256 | -1.8% |
| Operating profit (loss) | 9901 | €81,719 | €93,671 | +€11,952 | +14.6% |
| Financial income | 75/76B | €4,021 | €2,889 | -€1,131 | -28.1% |
| Recurring financial income | 75 | €2,021 | €2,889 | +€869 | +43.0% |
| Non-recurring financial income | 76B | €2,000 | €0 | -€2,000 | -100% |
| Financial charges | 65/66B | €10,191 | €7,461 | -€2,730 | -26.8% |
| Recurring financial charges | 65 | €10,191 | €7,461 | -€2,730 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €75,549 | €89,099 | +€13,550 | +17.9% |
| Transfer from deferred taxes | 780 | €3,475 | €0 | -€3,475 | -100% |
| Income taxes | 67/77 | €30,850 | €28,767 | -€2,082 | -6.7% |
| Profit (loss) for the period | 9904 | €48,175 | €60,332 | +€12,157 | +25.2% |
| Transfer from tax-exempt reserves | 789 | €10,426 | €0 | -€10,426 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €58,601 | €60,332 | +€1,731 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.