DR. VERWULGEN EEFJE: 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.
DR. VERWULGEN EEFJE
Largest movements
- Cash +€24,049
up €24,049 (+95.0%), from €25,307 to €49,356
mainly Net result for the year (+€33,270) and Tax, wage and social debts (+€4,294)
- Deferred charges and accrued income +€10,339
up €10,339 (+112%), from €9,253 to €19,592
- Tangible fixed assets +€1,957
new in 2025: €1,957
of which Furniture and vehicles: +€1,130
- Receivables within one year +€1,583
up €1,583 (+394%), from €401 to €1,984
- Profit (loss) carried forward +€33,259
up €33,259 (+152%), from €21,944 to €55,203
- Tax, wage and social debts +€4,294
up €4,294 (+53.7%), from €7,992 to €12,287
- Gross operating margin +€16,316
up €16,316 (+53.0%), from €30,764 to €47,080
- Taxes +€4,294
up €4,294 (+53.7%), from €7,992 to €12,287
- Depreciation +€591
new in 2025: €591
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 | €34,962 | €72,889 | +€37,927 | +108% |
| Fixed assets | 21/28 | - | €1,957 | +€1,957 | |
| Tangible fixed assets | 22/27 | - | €1,957 | +€1,957 | |
| Plant, machinery and equipment | 23 | - | €827 | +€827 | |
| Furniture and vehicles | 24 | - | €1,130 | +€1,130 | |
| Current assets | 29/58 | €34,962 | €70,932 | +€35,970 | +103% |
| Amounts receivable within one year | 40/41 | €401 | €1,984 | +€1,583 | +394% |
| Other amounts receivable | 41 | €401 | €1,984 | +€1,583 | +394% |
| Cash at bank and in hand | 54/58 | €25,307 | €49,356 | +€24,049 | +95.0% |
| Deferred charges and accrued income | 490/1 | €9,253 | €19,592 | +€10,339 | +112% |
| Total equity and liabilities | 10/49 | €34,962 | €72,889 | +€37,927 | +108% |
| Equity | 10/15 | €26,944 | €60,203 | +€33,259 | +123% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,944 | €55,203 | +€33,259 | +152% |
| Amounts payable | 17/49 | €8,017 | €12,686 | +€4,669 | +58.2% |
| Amounts payable within one year | 42/48 | €8,017 | €12,686 | +€4,669 | +58.2% |
| Trade debts | 44 | €25 | €400 | +€375 | +1,499% |
| Suppliers | 440/4 | €25 | €400 | +€375 | +1,499% |
| Taxes, remuneration and social security | 45 | €7,992 | €12,287 | +€4,294 | +53.7% |
| Taxes | 450/3 | €7,992 | €12,287 | +€4,294 | +53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €591 | +€591 | |
| Other operating charges | 640/8 | €789 | €867 | +€78 | +9.9% |
| Gross operating margin | 9900 | €30,764 | €47,080 | +€16,316 | +53.0% |
| Operating profit (loss) | 9901 | €29,975 | €45,622 | +€15,647 | +52.2% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €47 | €66 | +€19 | +40.0% |
| Recurring financial charges | 65 | €47 | €66 | +€19 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €29,937 | €45,556 | +€15,619 | +52.2% |
| Income taxes | 67/77 | €7,992 | €12,287 | +€4,294 | +53.7% |
| Profit (loss) for the period | 9904 | €21,944 | €33,270 | +€11,325 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,944 | €33,270 | +€11,325 | +51.6% |
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.