GROEP VERHOEVEN: 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
GROEP VERHOEVEN
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€77,972
2024 · €148,400-€70,429
Equity
€2.6m
2024 · €2.5m+€77,972
Cash
€132,736
2024 · €123,222+€9,514
Balance sheet total
€3.8m
2024 · €3.8m-€9,338
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€100,000
down €100,000 (-9.1%), from €1.1m to €1.0m
- Profit (loss) carried forward +€77,972
up €77,972 (+5.2%), from €1.5m to €1.6m
Income statement
- Gross operating margin -€90,515
down €90,515 (-31.4%), from €288,513 to €197,998
- Taxes -€20,296
down €20,296 (-47.5%), from €42,730 to €22,434
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
€148,400
Gross operating margin
-€90,515
Staff costs
-€231
Other operating charges
-€35
Financial charges
+€56
Taxes
+€20,296
Result 2025
€77,972
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
+€109,514
Investment
€0
Financing
-€100,000
Cash 2024
€123,222
From operations (derived)
+€109,514
Net result for the year
+€77,972
Receivables within one year
+€27,259
Deferred charges and accrued income
-€8,407
Trade debts
+€4,147
Tax, wage and social debts
+€8,544
Financing
-€100,000
Debts after one year
-€100,000
Cash 2025
€132,736
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,833,048 | €3,823,710 | -€9,338 | -0.2% |
| Fixed assets | 21/28 | €3,589,038 | €3,589,038 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €3,589,038 | €3,589,038 | = | 0.0% |
| Current assets | 29/58 | €244,010 | €234,672 | -€9,338 | -3.8% |
| Amounts receivable within one year | 40/41 | €110,159 | €82,901 | -€27,259 | -24.7% |
| Trade receivables | 40 | €105,399 | €69,885 | -€35,514 | -33.7% |
| Other amounts receivable | 41 | €4,760 | €13,015 | +€8,255 | +173% |
| Current investments | 50/53 | €10,012 | €10,012 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,222 | €132,736 | +€9,514 | +7.7% |
| Deferred charges and accrued income | 490/1 | €617 | €9,024 | +€8,407 | +1,363% |
| Total equity and liabilities | 10/49 | €3,833,048 | €3,823,710 | -€9,338 | -0.2% |
| Equity | 10/15 | €2,514,500 | €2,592,472 | +€77,972 | +3.1% |
| Contributions | 10/11 | €961,223 | €961,223 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €899,723 | €899,723 | = | 0.0% |
| Other | 1109/19 | €899,723 | €899,723 | = | 0.0% |
| Reserves | 13 | €55,820 | €55,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,820 | €55,820 | = | 0.0% |
| Legal reserve | 130 | €55,820 | €55,820 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €1,497,457 | €1,575,429 | +€77,972 | +5.2% |
| Amounts payable | 17/49 | €1,318,548 | €1,231,238 | -€87,309 | -6.6% |
| Amounts payable after more than one year | 17 | €1,101,772 | €1,001,772 | -€100,000 | -9.1% |
| Financial debts | 170/4 | €1,101,772 | €1,001,772 | -€100,000 | -9.1% |
| Amounts payable within one year | 42/48 | €216,776 | €229,466 | +€12,691 | +5.9% |
| Trade debts | 44 | €4,225 | €8,372 | +€4,147 | +98.2% |
| Suppliers | 440/4 | €4,225 | €8,372 | +€4,147 | +98.2% |
| Taxes, remuneration and social security | 45 | €11,516 | €20,060 | +€8,544 | +74.2% |
| Taxes | 450/3 | €5,116 | €8,684 | +€3,568 | +69.7% |
| Remuneration and social security | 454/9 | €6,400 | €11,375 | +€4,976 | +77.7% |
| Other amounts payable | 47/48 | €201,034 | €201,034 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €56,272 | €56,503 | +€231 | +0.4% |
| Other operating charges | 640/8 | €1,700 | €1,735 | +€35 | +2.1% |
| Gross operating margin | 9900 | €288,513 | €197,998 | -€90,515 | -31.4% |
| Operating profit (loss) | 9901 | €230,541 | €139,760 | -€90,780 | -39.4% |
| Financial charges | 65/66B | €39,410 | €39,354 | -€56 | -0.1% |
| Recurring financial charges | 65 | €39,410 | €39,354 | -€56 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €191,130 | €100,406 | -€90,725 | -47.5% |
| Income taxes | 67/77 | €42,730 | €22,434 | -€20,296 | -47.5% |
| Profit (loss) for the period | 9904 | €148,400 | €77,972 | -€70,429 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €148,400 | €77,972 | -€70,429 | -47.5% |
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 30 October 2026 via checked.be.