FIRMA VERSCHOOT: 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.
What changed
FIRMA VERSCHOOT
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€993,555
2024 · €1.0m-€44,521
Equity
€8.7m
2024 · €7.7m+€993,555
Cash
€1.1m
2024 · €1.2m-€103,391
Balance sheet total
€10.7m
2024 · €9.1m+€1.6m
Largest movements
Assets
- Stocks and contracts +€1.5m
up €1.5m (+45.8%), from €3.3m to €4.9m
- Receivables within one year +€264,609
up €264,609 (+9.3%), from €2.9m to €3.1m
of which Other amounts receivable: +€279,833
- Receivables after one year -€202,500
down €202,500 (-25.0%), from €810,000 to €607,500
Equity and liabilities
- Reserves +€993,555
up €993,555 (+12.9%), from €7.7m to €8.7m
of which Distributable reserves: +€993,555
- Trade debts +€612,842
up €612,842 (+113%), from €540,823 to €1.2m
Income statement
- Write-downs +€356,200
up €356,200, from -€5,007 to €351,193
- Gross operating margin +€333,187
up €333,187 (+21.4%), from €1.6m to €1.9m
- Depreciation +€20,352
up €20,352 (+30.6%), from €66,411 to €86,763
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.
Result 2024
€1.0m
Gross operating margin
+€333,187
Staff costs
-€3,561
Depreciation
-€20,352
Write-downs
-€356,200
Other operating charges
-€5,397
Other operating items
+€826
Financial income
+€17,485
Financial charges
-€9,425
Taxes
-€1,084
Result 2025
€993,555
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€68,322
Investment
-€171,713
Financing
€0
Cash 2024
€1.2m
From operations (derived)
+€68,322
Net result for the year
+€993,555
Depreciation
+€86,763
Receivables after one year
+€202,500
Stocks and contracts
-€1.5m
Receivables within one year
-€264,609
Deferred charges and accrued income
-€161
Trade debts
+€612,842
Tax, wage and social debts
-€47,248
Other debts
+€15,666
Investment (derived)
-€171,713
Investment in fixed assets (net)
-€171,713
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,124,964 | €10,699,779 | +€1.6m | +17.3% |
| Fixed assets | 21/28 | €632,885 | €717,836 | +€84,951 | +13.4% |
| Tangible fixed assets | 22/27 | €625,151 | €710,101 | +€84,951 | +13.6% |
| Plant, machinery and equipment | 23 | €332,174 | €301,170 | -€31,003 | -9.3% |
| Furniture and vehicles | 24 | €121,548 | €113,878 | -€7,670 | -6.3% |
| Other tangible fixed assets | 26 | €171,429 | €295,053 | +€123,624 | +72.1% |
| Financial fixed assets | 28 | €7,735 | €7,735 | = | 0.0% |
| Current assets | 29/58 | €8,492,079 | €9,981,943 | +€1.5m | +17.5% |
| Amounts receivable after more than one year | 29 | €810,000 | €607,500 | -€202,500 | -25.0% |
| Other amounts receivable | 291 | €810,000 | €607,500 | -€202,500 | -25.0% |
| Stocks and contracts in progress | 3 | €3,339,441 | €4,870,426 | +€1.5m | +45.8% |
| Stocks | 30/36 | €3,339,441 | €4,870,426 | +€1.5m | +45.8% |
| Amounts receivable within one year | 40/41 | €2,856,164 | €3,120,774 | +€264,609 | +9.3% |
| Trade receivables | 40 | €1,671,744 | €1,656,521 | -€15,223 | -0.9% |
| Other amounts receivable | 41 | €1,184,420 | €1,464,253 | +€279,833 | +23.6% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,229,663 | €1,126,272 | -€103,391 | -8.4% |
| Deferred charges and accrued income | 490/1 | €6,810 | €6,972 | +€161 | +2.4% |
| Total equity and liabilities | 10/49 | €9,124,964 | €10,699,779 | +€1.6m | +17.3% |
| Equity | 10/15 | €7,706,678 | €8,700,233 | +€993,555 | +12.9% |
| Contributions | 10/11 | €15,647 | €15,647 | = | 0.0% |
| Reserves | 13 | €7,691,031 | €8,684,587 | +€993,555 | +12.9% |
| Tax-exempt reserves | 132 | €313,196 | €313,196 | = | 0.0% |
| Distributable reserves | 133 | €7,377,835 | €8,371,391 | +€993,555 | +13.5% |
| Amounts payable | 17/49 | €1,418,286 | €1,999,546 | +€581,260 | +41.0% |
| Amounts payable within one year | 42/48 | €1,418,286 | €1,999,546 | +€581,260 | +41.0% |
| Trade debts | 44 | €540,823 | €1,153,665 | +€612,842 | +113% |
| Suppliers | 440/4 | €540,823 | €1,153,665 | +€612,842 | +113% |
| Taxes, remuneration and social security | 45 | €69,437 | €22,189 | -€47,248 | -68.0% |
| Taxes | 450/3 | €54,034 | €4,658 | -€49,376 | -91.4% |
| Remuneration and social security | 454/9 | €15,403 | €17,531 | +€2,128 | +13.8% |
| Other amounts payable | 47/48 | €808,026 | €823,692 | +€15,666 | +1.9% |
| Non-recurring operating income | 76A | €54,367 | €2,033 | -€52,334 | -96.3% |
| Remuneration, social security and pensions | 62 | €104,701 | €108,263 | +€3,561 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,411 | €86,763 | +€20,352 | +30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,007 | €351,193 | +€356,200 | |
| Other operating charges | 640/8 | €26,042 | €31,438 | +€5,397 | +20.7% |
| Non-recurring operating charges | 66A | €1,695 | €869 | -€826 | -48.7% |
| Gross operating margin | 9900 | €1,553,513 | €1,886,700 | +€333,187 | +21.4% |
| Operating profit (loss) | 9901 | €1,359,671 | €1,308,174 | -€51,497 | -3.8% |
| Financial income | 75/76B | €147,444 | €164,930 | +€17,485 | +11.9% |
| Recurring financial income | 75 | €147,444 | €164,930 | +€17,485 | +11.9% |
| Financial charges | 65/66B | €114,531 | €123,956 | +€9,425 | +8.2% |
| Recurring financial charges | 65 | €114,531 | €123,956 | +€9,425 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €1,392,585 | €1,349,148 | -€43,437 | -3.1% |
| Income taxes | 67/77 | €354,509 | €355,593 | +€1,084 | +0.3% |
| Profit (loss) for the period | 9904 | €1,038,076 | €993,555 | -€44,521 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,038,076 | €993,555 | -€44,521 | -4.3% |
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 18 October 2026 via checked.be.