De Verwanten: 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 Verwanten
Largest movements
- Cash -€15,506
down €15,506 (-20.3%), from €76,515 to €61,008
mainly Other debts (-€25,213) and Receivables within one year (-€12,470)
- Receivables within one year +€12,470
up €12,470 (+147%), from €8,504 to €20,974
of which Other amounts receivable: +€6,954
- Stocks and contracts -€9,327
down €9,327 (-63.4%), from €14,720 to €5,392
- Tangible fixed assets +€2,940
up €2,940 (+25.7%), from €11,460 to €14,400
of which Plant, machinery and equipment: +€2,251
- Other debts -€25,213
down €25,213 (-78.6%), from €32,090 to €6,877
- Reserves +€15,686
up €15,686 (+107%), from €14,690 to €30,376
- Trade debts +€4,638
up €4,638 (+44.9%), from €10,339 to €14,978
- Tax, wage and social debts -€4,460
down €4,460 (-15.4%), from €28,931 to €24,471
of which Taxes: -€7,467
- Gross operating margin +€7,132
up €7,132 (+7.4%), from €96,943 to €104,075
- Staff costs +€3,934
up €3,934 (+6.7%), from €58,740 to €62,674
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 | €113,139 | €103,779 | -€9,360 | -8.3% |
| Fixed assets | 21/28 | €11,460 | €14,400 | +€2,940 | +25.7% |
| Tangible fixed assets | 22/27 | €11,460 | €14,400 | +€2,940 | +25.7% |
| Plant, machinery and equipment | 23 | €2,309 | €4,560 | +€2,251 | +97.5% |
| Furniture and vehicles | 24 | €7,766 | €8,744 | +€978 | +12.6% |
| Other tangible fixed assets | 26 | €1,384 | €1,095 | -€289 | -20.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €101,679 | €89,379 | -€12,300 | -12.1% |
| Stocks and contracts in progress | 3 | €14,720 | €5,392 | -€9,327 | -63.4% |
| Stocks | 30/36 | €14,720 | €5,392 | -€9,327 | -63.4% |
| Amounts receivable within one year | 40/41 | €8,504 | €20,974 | +€12,470 | +147% |
| Trade receivables | 40 | €6,043 | €11,558 | +€5,516 | +91.3% |
| Other amounts receivable | 41 | €2,462 | €9,416 | +€6,954 | +283% |
| Cash at bank and in hand | 54/58 | €76,515 | €61,008 | -€15,506 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,941 | €2,004 | +€63 | +3.3% |
| Total equity and liabilities | 10/49 | €113,139 | €103,779 | -€9,360 | -8.3% |
| Equity | 10/15 | €41,767 | €57,453 | +€15,686 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,690 | €30,376 | +€15,686 | +107% |
| Distributable reserves | 133 | €14,690 | €30,376 | +€15,686 | +107% |
| Profit (loss) carried forward | 14 | €20,877 | €20,877 | = | 0.0% |
| Amounts payable | 17/49 | €71,372 | €46,326 | -€25,046 | -35.1% |
| Amounts payable within one year | 42/48 | €71,372 | €46,326 | -€25,046 | -35.1% |
| Financial debts | 43 | €12 | €0 | -€12 | -100% |
| Credit institutions | 430/8 | €12 | €0 | -€12 | -100% |
| Trade debts | 44 | €10,339 | €14,978 | +€4,638 | +44.9% |
| Suppliers | 440/4 | €10,339 | €14,978 | +€4,638 | +44.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €28,931 | €24,471 | -€4,460 | -15.4% |
| Taxes | 450/3 | €23,823 | €16,356 | -€7,467 | -31.3% |
| Remuneration and social security | 454/9 | €5,108 | €8,115 | +€3,007 | +58.9% |
| Other amounts payable | 47/48 | €32,090 | €6,877 | -€25,213 | -78.6% |
| Non-recurring operating income | 76A | €751 | €0 | -€751 | -100% |
| Remuneration, social security and pensions | 62 | €58,740 | €62,674 | +€3,934 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,874 | €4,179 | +€306 | +7.9% |
| Other operating charges | 640/8 | €6,101 | €6,834 | +€733 | +12.0% |
| Non-recurring operating charges | 66A | €1,058 | €0 | -€1,058 | -100% |
| Gross operating margin | 9900 | €96,943 | €104,075 | +€7,132 | +7.4% |
| Operating profit (loss) | 9901 | €27,171 | €30,388 | +€3,217 | +11.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.8% |
| Financial charges | 65/66B | €7,242 | €6,837 | -€405 | -5.6% |
| Recurring financial charges | 65 | €7,242 | €6,837 | -€405 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €19,930 | €23,552 | +€3,622 | +18.2% |
| Income taxes | 67/77 | €7,095 | €7,866 | +€771 | +10.9% |
| Profit (loss) for the period | 9904 | €12,835 | €15,686 | +€2,851 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,835 | €15,686 | +€2,851 | +22.2% |
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 21 October 2026 via checked.be.