DE VERSMARKT BRUGGE: what changed
DE VERSMARKT BRUGGE
Largest movements
- Cash +€185,784
up €185,784 (+320%), from €58,091 to €243,875
mainly Net result for the year (+€116,913) and Debts after one year (+€95,000)
- Receivables within one year -€32,543
down €32,543 (-20.5%), from €158,984 to €126,441
of which Trade receivables: -€38,158
- Tangible fixed assets +€27,211
up €27,211 (+11.9%), from €228,800 to €256,011
of which Land and buildings: +€22,940
- Reserves +€116,913
up €116,913 (+126%), from €92,787 to €209,700
- Debts after one year +€95,000
new in 2025: €95,000
- Other debts -€59,651
down €59,651 (-20.6%), from €289,945 to €230,294
- Tax, wage and social debts +€26,054
up €26,054 (+46.6%), from €55,882 to €81,937
of which Taxes: +€15,164
- Accrued charges and deferred income +€6,746
up €6,746 (+8,121%), from €83 to €6,829
- Gross operating margin +€289,498
up €289,498 (+148%), from €195,488 to €484,986
- Staff costs +€195,203
up €195,203 (+321%), from €60,737 to €255,941
- Depreciation +€51,044
up €51,044 (+500%), from €10,200 to €61,244
- Taxes +€10,223
up €10,223 (+31.9%), from €32,037 to €42,260
- Financial charges +€7,373
up €7,373 (+29,447%), from €25 to €7,399
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 | €466,874 | €651,467 | +€184,593 | +39.5% |
| Fixed assets | 21/28 | €228,800 | €256,011 | +€27,211 | +11.9% |
| Tangible fixed assets | 22/27 | €228,800 | €256,011 | +€27,211 | +11.9% |
| Land and buildings | 22 | €68,250 | €91,190 | +€22,940 | +33.6% |
| Plant, machinery and equipment | 23 | €1,425 | €1,125 | -€300 | -21.1% |
| Furniture and vehicles | 24 | €159,125 | €163,696 | +€4,571 | +2.9% |
| Current assets | 29/58 | €238,074 | €395,455 | +€157,381 | +66.1% |
| Stocks and contracts in progress | 3 | €21,000 | €21,780 | +€780 | +3.7% |
| Stocks | 30/36 | €21,000 | €21,780 | +€780 | +3.7% |
| Amounts receivable within one year | 40/41 | €158,984 | €126,441 | -€32,543 | -20.5% |
| Trade receivables | 40 | €156,458 | €118,301 | -€38,158 | -24.4% |
| Other amounts receivable | 41 | €2,525 | €8,140 | +€5,615 | +222% |
| Cash at bank and in hand | 54/58 | €58,091 | €243,875 | +€185,784 | +320% |
| Deferred charges and accrued income | 490/1 | - | €3,360 | +€3,360 | |
| Total equity and liabilities | 10/49 | €466,874 | €651,467 | +€184,593 | +39.5% |
| Equity | 10/15 | €95,787 | €212,700 | +€116,913 | +122% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,787 | €209,700 | +€116,913 | +126% |
| Distributable reserves | 133 | €92,787 | €209,700 | +€116,913 | +126% |
| Amounts payable | 17/49 | €371,087 | €438,767 | +€67,679 | +18.2% |
| Amounts payable after more than one year | 17 | - | €95,000 | +€95,000 | |
| Other amounts payable | 178/9 | - | €95,000 | +€95,000 | |
| Amounts payable within one year | 42/48 | €371,004 | €336,938 | -€34,067 | -9.2% |
| Trade debts | 44 | €25,177 | €24,707 | -€470 | -1.9% |
| Suppliers | 440/4 | €25,177 | €24,707 | -€470 | -1.9% |
| Taxes, remuneration and social security | 45 | €55,882 | €81,937 | +€26,054 | +46.6% |
| Taxes | 450/3 | €35,446 | €50,610 | +€15,164 | +42.8% |
| Remuneration and social security | 454/9 | €20,437 | €31,327 | +€10,890 | +53.3% |
| Other amounts payable | 47/48 | €289,945 | €230,294 | -€59,651 | -20.6% |
| Accrued charges and deferred income | 492/3 | €83 | €6,829 | +€6,746 | +8,121% |
| Remuneration, social security and pensions | 62 | €60,737 | €255,941 | +€195,203 | +321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,200 | €61,244 | +€51,044 | +500% |
| Other operating charges | 640/8 | €126 | €2,082 | +€1,956 | +1,550% |
| Gross operating margin | 9900 | €195,488 | €484,986 | +€289,498 | +148% |
| Operating profit (loss) | 9901 | €124,425 | €165,719 | +€41,295 | +33.2% |
| Financial income | 75/76B | €424 | €853 | +€429 | +101% |
| Recurring financial income | 75 | €424 | €853 | +€429 | +101% |
| Financial charges | 65/66B | €25 | €7,399 | +€7,373 | +29,447% |
| Recurring financial charges | 65 | €25 | €7,399 | +€7,373 | +29,447% |
| Profit (loss) for the period before taxes | 9903 | €124,824 | €159,174 | +€34,350 | +27.5% |
| Income taxes | 67/77 | €32,037 | €42,260 | +€10,223 | +31.9% |
| Profit (loss) for the period | 9904 | €92,787 | €116,913 | +€24,127 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,787 | €116,913 | +€24,127 | +26.0% |
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 5 November 2026 via checked.be.