Firma Verhelst: what changed
Firma Verhelst
Largest movements
- Stocks and contracts +€43,244
up €43,244 (+72.4%), from €59,714 to €102,958
- Cash +€40,838
up €40,838 (+13.3%), from €307,551 to €348,389
mainly Net result for the year (+€43,625) and Receivables within one year (+€40,503)
- Receivables within one year -€40,503
down €40,503 (-88.1%), from €45,976 to €5,473
of which Trade receivables: -€24,533
- Reserves +€43,625
up €43,625 (+13.5%), from €324,076 to €367,701
of which Distributable reserves: +€43,625
- Trade debts -€12,173
down €12,173 (-71.7%), from €16,986 to €4,813
- Tax, wage and social debts +€9,390
up €9,390 (+1,322%), from €710 to €10,100
- Other debts -€5,651
down €5,651 (-7.7%), from €73,540 to €67,889
- Gross operating margin +€59,618
up €59,618 (+294%), from €20,260 to €79,877
- Taxes +€19,204
up €19,204 (+1,313%), from €1,463 to €20,667
- Depreciation -€4,498
down €4,498 (-42.7%), from €10,527 to €6,029
- Financial charges +€2,986
up €2,986 (+5,486%), from €54 to €3,041
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 | €438,461 | €476,584 | +€38,123 | +8.7% |
| Fixed assets | 21/28 | €25,034 | €19,570 | -€5,463 | -21.8% |
| Tangible fixed assets | 22/27 | €23,966 | €19,570 | -€4,396 | -18.3% |
| Land and buildings | 22 | €1,804 | €1,069 | -€735 | -40.7% |
| Plant, machinery and equipment | 23 | €233 | €0 | -€233 | -100% |
| Furniture and vehicles | 24 | €21,929 | €18,501 | -€3,428 | -15.6% |
| Financial fixed assets | 28 | €1,067 | €0 | -€1,067 | -100% |
| Current assets | 29/58 | €413,427 | €457,014 | +€43,587 | +10.5% |
| Stocks and contracts in progress | 3 | €59,714 | €102,958 | +€43,244 | +72.4% |
| Stocks | 30/36 | €59,714 | €102,958 | +€43,244 | +72.4% |
| Amounts receivable within one year | 40/41 | €45,976 | €5,473 | -€40,503 | -88.1% |
| Trade receivables | 40 | €29,662 | €5,129 | -€24,533 | -82.7% |
| Other amounts receivable | 41 | €16,314 | €344 | -€15,970 | -97.9% |
| Cash at bank and in hand | 54/58 | €307,551 | €348,389 | +€40,838 | +13.3% |
| Deferred charges and accrued income | 490/1 | €187 | €194 | +€7 | +3.9% |
| Total equity and liabilities | 10/49 | €438,461 | €476,584 | +€38,123 | +8.7% |
| Equity | 10/15 | €342,676 | €386,301 | +€43,625 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324,076 | €367,701 | +€43,625 | +13.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €324,076 | €367,701 | +€43,625 | +13.5% |
| Provisions and deferred taxes | 16 | €4,548 | €4,548 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,548 | €4,548 | = | 0.0% |
| Pensions and similar obligations | 160 | €4,548 | €4,548 | = | 0.0% |
| Amounts payable | 17/49 | €91,236 | €85,734 | -€5,502 | -6.0% |
| Amounts payable within one year | 42/48 | €91,236 | €82,802 | -€8,434 | -9.2% |
| Trade debts | 44 | €16,986 | €4,813 | -€12,173 | -71.7% |
| Suppliers | 440/4 | €16,986 | €4,813 | -€12,173 | -71.7% |
| Taxes, remuneration and social security | 45 | €710 | €10,100 | +€9,390 | +1,322% |
| Taxes | 450/3 | €710 | €10,100 | +€9,390 | +1,322% |
| Other amounts payable | 47/48 | €73,540 | €67,889 | -€5,651 | -7.7% |
| Accrued charges and deferred income | 492/3 | - | €2,932 | +€2,932 | |
| Non-recurring operating income | 76A | €1,370 | €0 | -€1,370 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,527 | €6,029 | -€4,498 | -42.7% |
| Other operating charges | 640/8 | €6,113 | €6,516 | +€403 | +6.6% |
| Gross operating margin | 9900 | €20,260 | €79,877 | +€59,618 | +294% |
| Operating profit (loss) | 9901 | €3,619 | €67,332 | +€63,713 | +1,760% |
| Financial income | 75/76B | €50 | €1 | -€49 | -97.8% |
| Recurring financial income | 75 | €50 | €1 | -€49 | -97.8% |
| Financial charges | 65/66B | €54 | €3,041 | +€2,986 | +5,486% |
| Recurring financial charges | 65 | €54 | €3,041 | +€2,986 | +5,486% |
| Profit (loss) for the period before taxes | 9903 | €3,615 | €64,293 | +€60,678 | +1,679% |
| Income taxes | 67/77 | €1,463 | €20,667 | +€19,204 | +1,313% |
| Profit (loss) for the period | 9904 | €2,152 | €43,625 | +€41,474 | +1,927% |
| Profit (loss) for the period to be appropriated | 9905 | €2,152 | €43,625 | +€41,474 | +1,927% |
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.