De Verscentrale: what changed
Two fiscal 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 Verscentrale
Largest movements
- Cash +€50,422
up €50,422 (+352.2%), from €14,314 to €64,736
mainly Trade debts (+€62,726) and Depreciation (+€35,196)
- Stocks and contracts +€7,322
up €7,322 (+68.8%), from €10,643 to €17,965
- Receivables within one year +€4,714
up €4,714 (+13.2%), from €35,747 to €40,461
of which Other amounts receivable: +€3,699
- Tangible fixed assets -€3,225
down €3,225 (-2.8%), from €115,943 to €112,718
of which Plant, machinery and equipment: -€13,911
- Trade debts +€62,726
up €62,726 (+423.4%), from €14,813 to €77,539
- Tax, wage and social debts -€13,558
down €13,558 (-53.9%), from €25,157 to €11,599
of which Remuneration and social security: -€11,227
- Reserves +€10,414
up €10,414 (+121.8%), from €8,547 to €18,961
- Current portion of long-term debt +€6,998
up €6,998 (+32.3%), from €21,637 to €28,635
- Debts after one year -€4,963
down €4,963 (-5.0%), from €99,718 to €94,755
- Gross operating margin -€55,361
down €55,361 (-25.5%), from €217,074 to €161,713
- Staff costs -€49,167
down €49,167 (-32.6%), from €150,784 to €101,617
- Depreciation -€5,956
down €5,956 (-14.5%), from €41,153 to €35,196
- Financial charges -€3,063
down €3,063 (-35.4%), from €8,641 to €5,578
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.
Cash bridge derived
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 | €180,248 | €240,067 | +€59,820 | +33.2% |
| Fixed assets | 21/28 | €119,543 | €116,318 | -€3,225 | -2.7% |
| Tangible fixed assets | 22/27 | €115,943 | €112,718 | -€3,225 | -2.8% |
| Plant, machinery and equipment | 23 | €52,088 | €38,177 | -€13,911 | -26.7% |
| Furniture and vehicles | 24 | €11,372 | €34,113 | +€22,741 | +200.0% |
| Leasing and similar rights | 25 | €48,067 | €37,027 | -€11,040 | -23.0% |
| Other tangible fixed assets | 26 | €4,416 | €3,401 | -€1,015 | -23.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €60,704 | €123,749 | +€63,045 | +103.9% |
| Stocks and contracts in progress | 3 | €10,643 | €17,965 | +€7,322 | +68.8% |
| Stocks | 30/36 | €10,643 | €17,965 | +€7,322 | +68.8% |
| Amounts receivable within one year | 40/41 | €35,747 | €40,461 | +€4,714 | +13.2% |
| Trade receivables | 40 | €20,909 | €21,924 | +€1,015 | +4.9% |
| Other amounts receivable | 41 | €14,838 | €18,537 | +€3,699 | +24.9% |
| Cash at bank and in hand | 54/58 | €14,314 | €64,736 | +€50,422 | +352.2% |
| Deferred charges and accrued income | 490/1 | - | €587 | +€587 | |
| Total equity and liabilities | 10/49 | €180,248 | €240,067 | +€59,820 | +33.2% |
| Equity | 10/15 | €16,547 | €26,961 | +€10,414 | +62.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €8,547 | €18,961 | +€10,414 | +121.8% |
| Distributable reserves | 133 | €8,547 | €18,961 | +€10,414 | +121.8% |
| Amounts payable | 17/49 | €163,701 | €213,106 | +€49,406 | +30.2% |
| Amounts payable after more than one year | 17 | €99,718 | €94,755 | -€4,963 | -5.0% |
| Financial debts | 170/4 | €99,718 | €94,755 | -€4,963 | -5.0% |
| Amounts payable within one year | 42/48 | €63,247 | €117,773 | +€54,526 | +86.2% |
| Current portion of amounts payable after more than one year | 42 | €21,637 | €28,635 | +€6,998 | +32.3% |
| Trade debts | 44 | €14,813 | €77,539 | +€62,726 | +423.4% |
| Suppliers | 440/4 | €14,813 | €77,539 | +€62,726 | +423.4% |
| Taxes, remuneration and social security | 45 | €25,157 | €11,599 | -€13,558 | -53.9% |
| Taxes | 450/3 | €5,907 | €3,576 | -€2,331 | -39.5% |
| Remuneration and social security | 454/9 | €19,251 | €8,024 | -€11,227 | -58.3% |
| Other amounts payable | 47/48 | €1,640 | €0 | -€1,640 | -100.0% |
| Accrued charges and deferred income | 492/3 | €735 | €578 | -€157 | -21.4% |
| Remuneration, social security and pensions | 62 | €150,784 | €101,617 | -€49,167 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,153 | €35,196 | -€5,956 | -14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €394 | €0 | -€394 | -100.0% |
| Other operating charges | 640/8 | €4,161 | €5,438 | +€1,277 | +30.7% |
| Gross operating margin | 9900 | €217,074 | €161,713 | -€55,361 | -25.5% |
| Operating profit (loss) | 9901 | €20,583 | €19,462 | -€1,121 | -5.4% |
| Financial income | 75/76B | €1 | €83 | +€82 | +15844.2% |
| Recurring financial income | 75 | €1 | €83 | +€82 | +15844.2% |
| Financial charges | 65/66B | €8,641 | €5,578 | -€3,063 | -35.4% |
| Recurring financial charges | 65 | €8,641 | €5,578 | -€3,063 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €11,943 | €13,967 | +€2,024 | +16.9% |
| Income taxes | 67/77 | €3,396 | €3,552 | +€156 | +4.6% |
| Profit (loss) for the period | 9904 | €8,547 | €10,414 | +€1,867 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,547 | €10,414 | +€1,867 | +21.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.