FRANK VERJANS: 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
FRANK VERJANS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€537,748
2024 · €51,371+€486,377
Equity
€6.4m
2024 · €5.9m+€536,337
Cash
€8,329
2024 · €2,488+€5,841
Balance sheet total
€6.5m
2024 · €6.0m+€439,237
Largest movements
Assets
- Deferred charges and accrued income +€475,235
up €475,235 (+18,939%), from €2,509 to €477,744
- Current investments -€139,684
down €139,684 (-7.0%), from €2.0m to €1.9m
- Financial fixed assets +€72,508
up €72,508 (+4.2%), from €1.7m to €1.8m
Equity and liabilities
- Profit (loss) carried forward +€536,337
up €536,337 (+10.8%), from €5.0m to €5.5m
- Other debts -€105,790
down €105,790 (-86.7%), from €121,949 to €16,159
Income statement
- Financial income +€545,170
up €545,170 (+516%), from €105,728 to €650,898
of which Non-recurring financial income: +€475,000
- Financial charges +€26,689
up €26,689 (+57.0%), from €46,821 to €73,511
- Depreciation +€19,868
up €19,868 (+88.4%), from €22,477 to €42,345
- Gross operating margin -€18,009
down €18,009 (-40.2%), from €44,786 to €26,777
- Taxes -€5,355
down €5,355 (-21.4%), from €25,060 to €19,704
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
€51,371
Gross operating margin
-€18,009
Depreciation
-€19,868
Other operating charges
+€418
Financial income
+€545,170
Financial charges
-€26,689
Taxes
+€5,355
Result 2025
€537,748
raises the resultlowers the result
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
-€61,524
Investment
+€65,246
Financing
+€2,119
Cash 2024
€2,488
From operations (derived)
-€61,524
Net result for the year
+€537,748
Depreciation
+€42,345
Receivables after one year
-€31,953
Receivables within one year
-€33,799
Deferred charges and accrued income
-€475,235
Trade debts
-€2,645
Tax, wage and social debts
+€7,764
Other debts
-€105,790
Accrued charges and deferred income
+€40
Investment (derived)
+€65,246
Investment in fixed assets (net)
-€74,438
Current investments
+€139,684
Financing
+€2,119
Short-term financial debts
+€3,530
Contributions, distributions and other
-€1,411
Cash 2025
€8,329
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,025,817 | €6,465,054 | +€439,237 | +7.3% |
| Fixed assets | 21/28 | €2,062,887 | €2,094,981 | +€32,093 | +1.6% |
| Tangible fixed assets | 22/27 | €340,627 | €300,212 | -€40,415 | -11.9% |
| Land and buildings | 22 | €207,858 | €194,787 | -€13,071 | -6.3% |
| Plant, machinery and equipment | 23 | €4,077 | €2,127 | -€1,950 | -47.8% |
| Furniture and vehicles | 24 | €128,692 | €103,298 | -€25,394 | -19.7% |
| Financial fixed assets | 28 | €1,722,261 | €1,794,769 | +€72,508 | +4.2% |
| Current assets | 29/58 | €3,962,930 | €4,370,074 | +€407,144 | +10.3% |
| Amounts receivable after more than one year | 29 | €710,078 | €742,031 | +€31,953 | +4.5% |
| Other amounts receivable | 291 | €710,078 | €742,031 | +€31,953 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,253,725 | €1,287,524 | +€33,799 | +2.7% |
| Trade receivables | 40 | €26,030 | €26,289 | +€259 | +1.0% |
| Other amounts receivable | 41 | €1,227,696 | €1,261,235 | +€33,539 | +2.7% |
| Current investments | 50/53 | €1,994,130 | €1,854,446 | -€139,684 | -7.0% |
| Cash at bank and in hand | 54/58 | €2,488 | €8,329 | +€5,841 | +235% |
| Deferred charges and accrued income | 490/1 | €2,509 | €477,744 | +€475,235 | +18,939% |
| Total equity and liabilities | 10/49 | €6,025,817 | €6,465,054 | +€439,237 | +7.3% |
| Equity | 10/15 | €5,895,247 | €6,431,585 | +€536,337 | +9.1% |
| Contributions | 10/11 | €826,845 | €826,845 | = | 0.0% |
| Reserves | 13 | €85,614 | €85,614 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,544 | €1,544 | = | 0.0% |
| Distributable reserves | 133 | €84,070 | €84,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,982,788 | €5,519,126 | +€536,337 | +10.8% |
| Amounts payable | 17/49 | €130,570 | €33,469 | -€97,100 | -74.4% |
| Amounts payable within one year | 42/48 | €130,434 | €33,293 | -€97,141 | -74.5% |
| Financial debts | 43 | €1,069 | €4,599 | +€3,530 | +330% |
| Credit institutions | 430/8 | €1,069 | €4,599 | +€3,530 | +330% |
| Trade debts | 44 | €5,155 | €2,510 | -€2,645 | -51.3% |
| Suppliers | 440/4 | €5,155 | €2,510 | -€2,645 | -51.3% |
| Taxes, remuneration and social security | 45 | €2,261 | €10,026 | +€7,764 | +343% |
| Taxes | 450/3 | €2,086 | €10,026 | +€7,939 | +381% |
| Remuneration and social security | 454/9 | €175 | €0 | -€175 | -100% |
| Other amounts payable | 47/48 | €121,949 | €16,159 | -€105,790 | -86.7% |
| Accrued charges and deferred income | 492/3 | €136 | €176 | +€40 | +29.6% |
| Non-recurring operating income | 76A | €5,910 | €0 | -€5,910 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,477 | €42,345 | +€19,868 | +88.4% |
| Other operating charges | 640/8 | €4,785 | €4,367 | -€418 | -8.7% |
| Gross operating margin | 9900 | €44,786 | €26,777 | -€18,009 | -40.2% |
| Operating profit (loss) | 9901 | €17,524 | -€19,935 | -€37,459 | |
| Financial income | 75/76B | €105,728 | €650,898 | +€545,170 | +516% |
| Recurring financial income | 75 | €105,728 | €175,898 | +€70,170 | +66.4% |
| Non-recurring financial income | 76B | €0 | €475,000 | +€475,000 | |
| Financial charges | 65/66B | €46,821 | €73,511 | +€26,689 | +57.0% |
| Recurring financial charges | 65 | €46,821 | €73,511 | +€26,689 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €76,431 | €557,452 | +€481,021 | +629% |
| Income taxes | 67/77 | €25,060 | €19,704 | -€5,355 | -21.4% |
| Profit (loss) for the period | 9904 | €51,371 | €537,748 | +€486,377 | +947% |
| Profit (loss) for the period to be appropriated | 9905 | €51,371 | €537,748 | +€486,377 | +947% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.