FLORENCE VERCHEVAL: 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.
FLORENCE VERCHEVAL
Largest movements
- Cash +€20,694
up €20,694 (+211%), from €9,808 to €30,502
mainly Net result for the year (+€26,638) and Tax, wage and social debts (+€9,562)
- Receivables within one year +€14,975
up €14,975 (+304%), from €4,927 to €19,901
of which Trade receivables: +€11,535
- Tangible fixed assets -€929
down €929 (-32.7%), from €2,842 to €1,913
- Reserves +€17,015
up €17,015 (+915%), from €1,860 to €18,875
- Profit (loss) carried forward +€9,624
up €9,624, from -€9,624 to €0
- Tax, wage and social debts +€9,562
up €9,562 (+412%), from €2,320 to €11,882
of which Taxes: +€11,882
- Other debts -€3,237
down €3,237 (-34.6%), from €9,361 to €6,124
- Trade debts +€1,869
up €1,869 (+88.6%), from €2,110 to €3,978
- Gross operating margin +€30,984
up €30,984 (+1,402%), from €2,211 to €33,195
- Taxes +€7,601
up €7,601, from -€4,100 to €3,501
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 | €18,427 | €53,258 | +€34,831 | +189% |
| Fixed assets | 21/28 | €2,842 | €1,913 | -€929 | -32.7% |
| Tangible fixed assets | 22/27 | €2,842 | €1,913 | -€929 | -32.7% |
| Furniture and vehicles | 24 | €2,842 | €1,913 | -€929 | -32.7% |
| Current assets | 29/58 | €15,585 | €51,346 | +€35,760 | +229% |
| Stocks and contracts in progress | 3 | €655 | €655 | = | 0.0% |
| Stocks | 30/36 | €655 | €655 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,927 | €19,901 | +€14,975 | +304% |
| Trade receivables | 40 | €166 | €11,701 | +€11,535 | +6,938% |
| Other amounts receivable | 41 | €4,760 | €8,200 | +€3,440 | +72.3% |
| Cash at bank and in hand | 54/58 | €9,808 | €30,502 | +€20,694 | +211% |
| Deferred charges and accrued income | 490/1 | €196 | €288 | +€92 | +46.9% |
| Total equity and liabilities | 10/49 | €18,427 | €53,258 | +€34,831 | +189% |
| Equity | 10/15 | €4,637 | €31,275 | +€26,638 | +575% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €18,875 | +€17,015 | +915% |
| Distributable reserves | 133 | €1,860 | €18,875 | +€17,015 | +915% |
| Profit (loss) carried forward | 14 | -€9,624 | €0 | +€9,624 | |
| Amounts payable | 17/49 | €13,791 | €21,984 | +€8,193 | +59.4% |
| Amounts payable within one year | 42/48 | €13,791 | €21,984 | +€8,193 | +59.4% |
| Trade debts | 44 | €2,110 | €3,978 | +€1,869 | +88.6% |
| Suppliers | 440/4 | €2,110 | €3,978 | +€1,869 | +88.6% |
| Taxes, remuneration and social security | 45 | €2,320 | €11,882 | +€9,562 | +412% |
| Taxes | 450/3 | - | €11,882 | +€11,882 | |
| Remuneration and social security | 454/9 | €2,320 | €0 | -€2,320 | -100% |
| Other amounts payable | 47/48 | €9,361 | €6,124 | -€3,237 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,241 | €2,189 | -€52 | -2.3% |
| Other operating charges | 640/8 | €487 | €400 | -€88 | -18.0% |
| Gross operating margin | 9900 | €2,211 | €33,195 | +€30,984 | +1,402% |
| Operating profit (loss) | 9901 | -€518 | €30,606 | +€31,124 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €335 | €466 | +€131 | +39.1% |
| Recurring financial charges | 65 | €335 | €466 | +€131 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | -€853 | €30,140 | +€30,993 | |
| Income taxes | 67/77 | -€4,100 | €3,501 | +€7,601 | |
| Profit (loss) for the period | 9904 | €3,247 | €26,638 | +€23,391 | +720% |
| Profit (loss) for the period to be appropriated | 9905 | €3,247 | €26,638 | +€23,391 | +720% |
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.