GDW VERHOEVEN: what changed
What changed
GDW VERHOEVEN
NACE 69.103, Activities of bailiffs
filed annual accounts (NBB)
Net result for the year
€281,125
2024 · €235,200+€45,925
Equity
€3.4m
2024 · €3.5m-€126,767
Cash
€333,416
2024 · €265,397+€68,018
Balance sheet total
€5.0m
2024 · €4.8m+€186,065
Largest movements
Assets
- Receivables within one year +€141,237
up €141,237 (+122%), from €115,906 to €257,143
of which Other amounts receivable: +€148,122
- Cash +€68,018
up €68,018 (+25.6%), from €265,397 to €333,416
mainly Other debts (+€387,498) and Net result for the year (+€281,125)
Equity and liabilities
- Other debts +€387,498
new in 2025: €387,498
- Debts after one year -€135,831
down €135,831 (-12.1%), from €1.1m to €984,469
- Reserves -€126,767
down €126,767 (-3.6%), from €3.5m to €3.4m
of which Distributable reserves: -€126,767
Income statement
- Financial income +€64,259
up €64,259 (+26.2%), from €245,663 to €309,921
- Financial charges +€12,275
up €12,275 (+26.0%), from €47,191 to €59,466
- Gross operating margin -€2,114
down €2,114 (-2.2%), from €98,053 to €95,938
- Depreciation +€1,974
up €1,974 (+7.5%), from €26,482 to €28,456
- Taxes +€1,837
up €1,837 (+6.1%), from €30,266 to €32,103
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.
Result 2024
€235,200
Gross operating margin
-€2,114
Depreciation
-€1,974
Other operating charges
-€134
Financial income
+€64,259
Financial charges
-€12,275
Taxes
-€1,837
Result 2025
€281,125
raises the resultlowers the result
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.
From operations
+€617,674
Investment
-€3,113
Financing
-€546,542
Cash 2024
€265,397
From operations (derived)
+€617,674
Net result for the year
+€281,125
Depreciation
+€28,456
Receivables within one year
-€141,237
Deferred charges and accrued income
-€2,152
Trade debts
+€23,143
Tax, wage and social debts
+€40,841
Other debts
+€387,498
Investment (derived)
-€3,113
Investment in fixed assets (net)
-€3,113
Financing
-€546,542
Debts after one year
-€135,831
Current portion of long-term debt
-€2,819
Contributions, distributions and other
-€407,893
Cash 2025
€333,416
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,789,540 | €4,975,605 | +€186,065 | +3.9% |
| Fixed assets | 21/28 | €4,408,196 | €4,382,853 | -€25,342 | -0.6% |
| Tangible fixed assets | 22/27 | €1,408,196 | €1,382,853 | -€25,342 | -1.8% |
| Land and buildings | 22 | €1,398,619 | €1,373,235 | -€25,383 | -1.8% |
| Plant, machinery and equipment | 23 | €9,577 | €6,790 | -€2,787 | -29.1% |
| Furniture and vehicles | 24 | - | €2,828 | +€2,828 | |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €381,345 | €592,752 | +€211,407 | +55.4% |
| Amounts receivable within one year | 40/41 | €115,906 | €257,143 | +€141,237 | +122% |
| Trade receivables | 40 | €6,885 | €0 | -€6,885 | -100% |
| Other amounts receivable | 41 | €109,021 | €257,143 | +€148,122 | +136% |
| Cash at bank and in hand | 54/58 | €265,397 | €333,416 | +€68,018 | +25.6% |
| Deferred charges and accrued income | 490/1 | €42 | €2,193 | +€2,152 | +5,167% |
| Total equity and liabilities | 10/49 | €4,789,540 | €4,975,605 | +€186,065 | +3.9% |
| Equity | 10/15 | €3,501,224 | €3,374,457 | -€126,767 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,482,624 | €3,355,857 | -€126,767 | -3.6% |
| 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 | €3,480,764 | €3,353,997 | -€126,767 | -3.6% |
| Amounts payable | 17/49 | €1,288,316 | €1,601,149 | +€312,832 | +24.3% |
| Amounts payable after more than one year | 17 | €1,120,300 | €984,469 | -€135,831 | -12.1% |
| Financial debts | 170/4 | €1,120,300 | €984,469 | -€135,831 | -12.1% |
| Amounts payable within one year | 42/48 | €168,016 | €616,679 | +€448,663 | +267% |
| Current portion of amounts payable after more than one year | 42 | €137,839 | €135,020 | -€2,819 | -2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €23,143 | +€23,143 | |
| Suppliers | 440/4 | €0 | €23,143 | +€23,143 | |
| Taxes, remuneration and social security | 45 | €30,177 | €71,018 | +€40,841 | +135% |
| Taxes | 450/3 | €30,177 | €71,018 | +€40,841 | +135% |
| Other amounts payable | 47/48 | - | €387,498 | +€387,498 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,482 | €28,456 | +€1,974 | +7.5% |
| Other operating charges | 640/8 | €4,576 | €4,710 | +€134 | +2.9% |
| Gross operating margin | 9900 | €98,053 | €95,938 | -€2,114 | -2.2% |
| Operating profit (loss) | 9901 | €66,995 | €62,773 | -€4,222 | -6.3% |
| Financial income | 75/76B | €245,663 | €309,921 | +€64,259 | +26.2% |
| Recurring financial income | 75 | €245,663 | €309,921 | +€64,259 | +26.2% |
| Financial charges | 65/66B | €47,191 | €59,466 | +€12,275 | +26.0% |
| Recurring financial charges | 65 | €47,191 | €59,466 | +€12,275 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €265,466 | €313,228 | +€47,762 | +18.0% |
| Income taxes | 67/77 | €30,266 | €32,103 | +€1,837 | +6.1% |
| Profit (loss) for the period | 9904 | €235,200 | €281,125 | +€45,925 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €235,200 | €281,125 | +€45,925 | +19.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.