G & M Versmarkt: 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.
G & M Versmarkt
Largest movements
- Receivables within one year +€140,126
up €140,126 (+4,565%), from €3,070 to €143,196
of which Trade receivables: +€139,662
- Cash -€135,963
down €135,963 (-49.6%), from €273,948 to €137,986
mainly Receivables within one year (-€140,126) and Contributions, distributions and other (-€140,000)
- Current investments +€99,495
up €99,495 (+13.5%), from €738,004 to €837,499
- Reserves +€32,000
up €32,000 (+3.5%), from €908,305 to €940,305
of which Distributable reserves: +€32,000
- Trade debts +€22,865
up €22,865 (+84.5%), from €27,063 to €49,928
- Tax, wage and social debts +€19,813
up €19,813 (+87.0%), from €22,780 to €42,594
of which Taxes: +€21,673
- Current portion of long-term debt +€12,564
up €12,564 (+293%), from €4,286 to €16,850
- Taxes +€47,690
up €47,690 (+954%), from €5,000 to €52,690
- Gross operating margin -€25,394
down €25,394 (-6.0%), from €421,559 to €396,165
- Financial charges +€5,289
up €5,289 (+104%), from €5,068 to €10,356
of which Financial charges: +€5,289
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 | €1,130,961 | €1,211,773 | +€80,812 | +7.1% |
| Fixed assets | 21/28 | €90,990 | €80,288 | -€10,702 | -11.8% |
| Tangible fixed assets | 22/27 | €90,990 | €80,288 | -€10,702 | -11.8% |
| Land and buildings | 22 | €3,456 | €3,077 | -€379 | -11.0% |
| Plant, machinery and equipment | 23 | €25,882 | €27,159 | +€1,277 | +4.9% |
| Furniture and vehicles | 24 | €49,505 | €41,647 | -€7,859 | -15.9% |
| Other tangible fixed assets | 26 | €12,146 | €8,405 | -€3,741 | -30.8% |
| Current assets | 29/58 | €1,039,971 | €1,131,485 | +€91,514 | +8.8% |
| Stocks and contracts in progress | 3 | €15,156 | €12,805 | -€2,351 | -15.5% |
| Stocks | 30/36 | €15,156 | €12,805 | -€2,351 | -15.5% |
| Amounts receivable within one year | 40/41 | €3,070 | €143,196 | +€140,126 | +4,565% |
| Trade receivables | 40 | €1,674 | €141,336 | +€139,662 | +8,341% |
| Other amounts receivable | 41 | €1,395 | €1,860 | +€465 | +33.3% |
| Current investments | 50/53 | €738,004 | €837,499 | +€99,495 | +13.5% |
| Cash at bank and in hand | 54/58 | €273,948 | €137,986 | -€135,963 | -49.6% |
| Deferred charges and accrued income | 490/1 | €9,793 | - | -€9,793 | |
| Total equity and liabilities | 10/49 | €1,130,961 | €1,211,773 | +€80,812 | +7.1% |
| Equity | 10/15 | €914,505 | €946,965 | +€32,460 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €908,305 | €940,305 | +€32,000 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €906,445 | €938,445 | +€32,000 | +3.5% |
| Profit (loss) carried forward | 14 | - | €460 | +€460 | |
| Amounts payable | 17/49 | €216,456 | €264,808 | +€48,352 | +22.3% |
| Amounts payable within one year | 42/48 | €216,248 | €264,393 | +€48,144 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €4,286 | €16,850 | +€12,564 | +293% |
| Trade debts | 44 | €27,063 | €49,928 | +€22,865 | +84.5% |
| Suppliers | 440/4 | €27,063 | €49,928 | +€22,865 | +84.5% |
| Taxes, remuneration and social security | 45 | €22,780 | €42,594 | +€19,813 | +87.0% |
| Taxes | 450/3 | €2,775 | €24,448 | +€21,673 | +781% |
| Remuneration and social security | 454/9 | €20,005 | €18,146 | -€1,859 | -9.3% |
| Other amounts payable | 47/48 | €162,119 | €155,022 | -€7,098 | -4.4% |
| Accrued charges and deferred income | 492/3 | €208 | €416 | +€208 | +100% |
| Remuneration, social security and pensions | 62 | €123,489 | €123,911 | +€422 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,625 | €35,130 | -€1,495 | -4.1% |
| Other operating charges | 640/8 | €1,145 | €4,409 | +€3,264 | +285% |
| Gross operating margin | 9900 | €421,559 | €396,165 | -€25,394 | -6.0% |
| Operating profit (loss) | 9901 | €260,299 | €232,714 | -€27,585 | -10.6% |
| Financial income | 75/76B | €6,780 | €2,791 | -€3,989 | -58.8% |
| Recurring financial income | 75 | €6,780 | €2,791 | -€3,989 | -58.8% |
| Financial charges | 65/66B | €5,068 | €10,356 | +€5,289 | +104% |
| Recurring financial charges | 65 | €5,067 | €10,356 | +€5,289 | +104% |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €262,012 | €225,149 | -€36,862 | -14.1% |
| Income taxes | 67/77 | €5,000 | €52,690 | +€47,690 | +954% |
| Profit (loss) for the period | 9904 | €257,012 | €172,460 | -€84,552 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €257,012 | €172,460 | -€84,552 | -32.9% |
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.