Dries Verwerft: 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.
Dries Verwerft
Largest movements
- Tangible fixed assets +€34,034
up €34,034 (+32.4%), from €105,109 to €139,143
of which Plant, machinery and equipment: +€19,839
- Cash -€4,666
down €4,666 (-6.7%), from €70,061 to €65,395
mainly Investment in fixed assets (net) (-€83,968) and Trade debts (-€29,691)
- Reserves +€67,438
up €67,438 (+68.2%), from €98,810 to €166,248
- Trade debts -€29,691
down €29,691 (-75.9%), from €39,100 to €9,409
- Debts after one year -€18,350
down €18,350 (-42.0%), from €43,647 to €25,297
- Tax, wage and social debts +€12,095
up €12,095 (+408%), from €2,962 to €15,057
- Current portion of long-term debt -€5,411
down €5,411 (-22.8%), from €23,760 to €18,350
- Gross operating margin +€56,646
up €56,646 (+51.0%), from €111,070 to €167,717
- Taxes +€6,379
up €6,379 (+63.5%), from €10,046 to €16,425
- Staff costs +€5,684
up €5,684 (+28.9%), from €19,648 to €25,332
- Depreciation +€4,762
up €4,762 (+10.5%), from €45,171 to €49,934
- Write-downs +€1,875
up €1,875, from -€1,875 to €0
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 | €259,197 | €289,672 | +€30,476 | +11.8% |
| Fixed assets | 21/28 | €105,109 | €139,143 | +€34,034 | +32.4% |
| Tangible fixed assets | 22/27 | €105,109 | €139,143 | +€34,034 | +32.4% |
| Plant, machinery and equipment | 23 | €91,264 | €111,103 | +€19,839 | +21.7% |
| Furniture and vehicles | 24 | €11,679 | €20,140 | +€8,461 | +72.4% |
| Other tangible fixed assets | 26 | €2,166 | €7,899 | +€5,734 | +265% |
| Current assets | 29/58 | €154,088 | €150,529 | -€3,559 | -2.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €81,125 | €83,152 | +€2,027 | +2.5% |
| Trade receivables | 40 | €65,022 | €83,152 | +€18,130 | +27.9% |
| Other amounts receivable | 41 | €16,103 | €0 | -€16,103 | -100% |
| Cash at bank and in hand | 54/58 | €70,061 | €65,395 | -€4,666 | -6.7% |
| Deferred charges and accrued income | 490/1 | €2,902 | €1,983 | -€919 | -31.7% |
| Total equity and liabilities | 10/49 | €259,197 | €289,672 | +€30,476 | +11.8% |
| Equity | 10/15 | €103,810 | €171,248 | +€67,438 | +65.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,810 | €166,248 | +€67,438 | +68.2% |
| Distributable reserves | 133 | €98,810 | €166,248 | +€67,438 | +68.2% |
| Amounts payable | 17/49 | €155,387 | €118,425 | -€36,962 | -23.8% |
| Amounts payable after more than one year | 17 | €43,647 | €25,297 | -€18,350 | -42.0% |
| Financial debts | 170/4 | €43,647 | €25,297 | -€18,350 | -42.0% |
| Amounts payable within one year | 42/48 | €111,740 | €93,127 | -€18,612 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €23,760 | €18,350 | -€5,411 | -22.8% |
| Trade debts | 44 | €39,100 | €9,409 | -€29,691 | -75.9% |
| Suppliers | 440/4 | €39,100 | €9,409 | -€29,691 | -75.9% |
| Taxes, remuneration and social security | 45 | €2,962 | €15,057 | +€12,095 | +408% |
| Taxes | 450/3 | €2,962 | €15,057 | +€12,095 | +408% |
| Other amounts payable | 47/48 | €45,917 | €50,312 | +€4,394 | +9.6% |
| Non-recurring operating income | 76A | - | €18,532 | +€18,532 | |
| Remuneration, social security and pensions | 62 | €19,648 | €25,332 | +€5,684 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,171 | €49,934 | +€4,762 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,875 | €0 | +€1,875 | |
| Other operating charges | 640/8 | €5,535 | €4,143 | -€1,392 | -25.1% |
| Gross operating margin | 9900 | €111,070 | €167,717 | +€56,646 | +51.0% |
| Operating profit (loss) | 9901 | €42,592 | €88,308 | +€45,716 | +107% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €5,417 | €4,468 | -€949 | -17.5% |
| Recurring financial charges | 65 | €5,417 | €4,468 | -€949 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €37,175 | €83,863 | +€46,688 | +126% |
| Income taxes | 67/77 | €10,046 | €16,425 | +€6,379 | +63.5% |
| Profit (loss) for the period | 9904 | €27,128 | €67,438 | +€40,309 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €27,128 | €67,438 | +€40,309 | +149% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.