De verhuizer: 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.
De verhuizer
Largest movements
- Tangible fixed assets +€228,314
up €228,314 (+18.0%), from €1.3m to €1.5m
of which Land and buildings: +€265,057
- Receivables within one year -€88,395
down €88,395 (-64.1%), from €137,796 to €49,401
- Cash +€41,634
up €41,634 (+67.0%), from €62,121 to €103,755
mainly Depreciation (+€140,596) and Receivables within one year (+€88,395)
- Debts after one year +€69,894
up €69,894 (+6.7%), from €1.0m to €1.1m
- Current portion of long-term debt +€57,424
up €57,424 (+236%), from €24,305 to €81,729
- Tax, wage and social debts +€24,108
up €24,108 (+28.6%), from €84,162 to €108,270
of which Remuneration and social security: +€33,706
- Other debts +€21,031
up €21,031 (+26.9%), from €78,127 to €99,158
- Other operating charges -€97,980
down €97,980 (-90.0%), from €108,855 to €10,875
- Depreciation +€78,267
up €78,267 (+126%), from €62,329 to €140,596
- Staff costs +€71,594
up €71,594 (+45.3%), from €158,009 to €229,603
- Financial charges +€26,403
up €26,403 (+125%), from €21,097 to €47,500
- Taxes -€16,612
down €16,612 (-92.8%), from €17,898 to €1,286
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 | €1,471,784 | €1,656,239 | +€184,455 | +12.5% |
| Fixed assets | 21/28 | €1,271,868 | €1,500,182 | +€228,314 | +18.0% |
| Tangible fixed assets | 22/27 | €1,271,868 | €1,500,182 | +€228,314 | +18.0% |
| Land and buildings | 22 | €1,146,520 | €1,411,577 | +€265,057 | +23.1% |
| Furniture and vehicles | 24 | €125,348 | €88,605 | -€36,743 | -29.3% |
| Current assets | 29/58 | €199,916 | €156,057 | -€43,859 | -21.9% |
| Amounts receivable within one year | 40/41 | €137,796 | €49,401 | -€88,395 | -64.1% |
| Trade receivables | 40 | €137,796 | €49,401 | -€88,395 | -64.1% |
| Cash at bank and in hand | 54/58 | €62,121 | €103,755 | +€41,634 | +67.0% |
| Deferred charges and accrued income | 490/1 | - | €2,902 | +€2,902 | |
| Total equity and liabilities | 10/49 | €1,471,784 | €1,656,239 | +€184,455 | +12.5% |
| Equity | 10/15 | €217,956 | €226,442 | +€8,485 | +3.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €202,956 | €211,442 | +€8,485 | +4.2% |
| Distributable reserves | 133 | €202,956 | €211,442 | +€8,485 | +4.2% |
| Amounts payable | 17/49 | €1,253,828 | €1,429,797 | +€175,969 | +14.0% |
| Amounts payable after more than one year | 17 | €1,043,664 | €1,113,559 | +€69,894 | +6.7% |
| Financial debts | 170/4 | €1,043,664 | €1,113,559 | +€69,894 | +6.7% |
| Amounts payable within one year | 42/48 | €210,164 | €316,238 | +€106,075 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €24,305 | €81,729 | +€57,424 | +236% |
| Trade debts | 44 | €23,570 | €27,082 | +€3,512 | +14.9% |
| Suppliers | 440/4 | €23,570 | €27,082 | +€3,512 | +14.9% |
| Taxes, remuneration and social security | 45 | €84,162 | €108,270 | +€24,108 | +28.6% |
| Taxes | 450/3 | €70,395 | €60,796 | -€9,599 | -13.6% |
| Remuneration and social security | 454/9 | €13,767 | €47,474 | +€33,706 | +245% |
| Other amounts payable | 47/48 | €78,127 | €99,158 | +€21,031 | +26.9% |
| Non-recurring operating income | 76A | - | €20,660 | +€20,660 | |
| Remuneration, social security and pensions | 62 | €158,009 | €229,603 | +€71,594 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,329 | €140,596 | +€78,267 | +126% |
| Other operating charges | 640/8 | €108,855 | €10,875 | -€97,980 | -90.0% |
| Gross operating margin | 9900 | €418,811 | €435,416 | +€16,605 | +4.0% |
| Operating profit (loss) | 9901 | €89,618 | €54,342 | -€35,276 | -39.4% |
| Financial income | 75/76B | €691 | €2,929 | +€2,238 | +324% |
| Recurring financial income | 75 | €691 | €2,929 | +€2,238 | +324% |
| Financial charges | 65/66B | €21,097 | €47,500 | +€26,403 | +125% |
| Recurring financial charges | 65 | €21,097 | €47,500 | +€26,403 | +125% |
| Profit (loss) for the period before taxes | 9903 | €69,212 | €9,771 | -€59,441 | -85.9% |
| Income taxes | 67/77 | €17,898 | €1,286 | -€16,612 | -92.8% |
| Profit (loss) for the period | 9904 | €51,314 | €8,485 | -€42,829 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,314 | €8,485 | -€42,829 | -83.5% |
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.