H & C VERDUYN: 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.
H & C VERDUYN
Largest movements
- Receivables within one year +€19,095
up €19,095 (+33.4%), from €57,211 to €76,306
of which Trade receivables: +€30,642
- Cash +€12,551
up €12,551 (+30.9%), from €40,595 to €53,146
mainly Trade debts (+€16,070) and Net result for the year (+€15,543)
- Tangible fixed assets -€1,879
down €1,879 (-41.6%), from €4,511 to €2,632
- Trade debts +€16,070
up €16,070, from €0 to €16,070
- Reserves +€15,543
up €15,543 (+16.2%), from €95,986 to €111,529
- Gross operating margin +€11,537
up €11,537 (+86.9%), from €13,283 to €24,820
- Taxes +€3,446
up €3,446 (+110%), from €3,145 to €6,591
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 | €104,177 | €133,798 | +€29,621 | +28.4% |
| Fixed assets | 21/28 | €4,511 | €2,632 | -€1,879 | -41.6% |
| Tangible fixed assets | 22/27 | €4,511 | €2,632 | -€1,879 | -41.6% |
| Furniture and vehicles | 24 | €4,511 | €2,632 | -€1,879 | -41.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €99,667 | €131,166 | +€31,499 | +31.6% |
| Amounts receivable within one year | 40/41 | €57,211 | €76,306 | +€19,095 | +33.4% |
| Trade receivables | 40 | €18,880 | €49,522 | +€30,642 | +162% |
| Other amounts receivable | 41 | €38,331 | €26,784 | -€11,547 | -30.1% |
| Cash at bank and in hand | 54/58 | €40,595 | €53,146 | +€12,551 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,860 | €1,714 | -€147 | -7.9% |
| Total equity and liabilities | 10/49 | €104,177 | €133,798 | +€29,621 | +28.4% |
| Equity | 10/15 | €102,186 | €117,729 | +€15,543 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,986 | €111,529 | +€15,543 | +16.2% |
| Distributable reserves | 133 | €95,986 | €111,529 | +€15,543 | +16.2% |
| Amounts payable | 17/49 | €1,992 | €16,070 | +€14,078 | +707% |
| Amounts payable within one year | 42/48 | €1,992 | €16,070 | +€14,078 | +707% |
| Financial debts | 43 | €1,000 | €0 | -€1,000 | -100% |
| Other loans | 439 | €1,000 | €0 | -€1,000 | -100% |
| Trade debts | 44 | €0 | €16,070 | +€16,070 | |
| Suppliers | 440/4 | €0 | €16,070 | +€16,070 | |
| Other amounts payable | 47/48 | €992 | €0 | -€992 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,966 | €1,879 | -€88 | -4.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €13,283 | €24,820 | +€11,537 | +86.9% |
| Operating profit (loss) | 9901 | €10,811 | €22,422 | +€11,611 | +107% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €456 | €288 | -€168 | -36.8% |
| Recurring financial charges | 65 | €456 | €288 | -€168 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €10,365 | €22,134 | +€11,769 | +114% |
| Income taxes | 67/77 | €3,145 | €6,591 | +€3,446 | +110% |
| Profit (loss) for the period | 9904 | €7,220 | €15,543 | +€8,323 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €7,220 | €15,543 | +€8,323 | +115% |
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 1 November 2026 via checked.be.