HERMAN VERVOORT: what changed
HERMAN VERVOORT
Largest movements
- Cash +€187,489
up €187,489 (+23.6%), from €794,697 to €982,186
mainly Net result for the year (+€180,651) and Other debts (+€139,443)
- Tangible fixed assets -€33,199
down €33,199 (-17.8%), from €186,925 to €153,726
of which Land and buildings: -€23,289
- Receivables within one year +€15,149
up €15,149 (+58.6%), from €25,864 to €41,013
of which Trade receivables: +€9,945
- Other debts +€139,443
up €139,443 (+235%), from €59,214 to €198,657
- Reserves +€54,916
up €54,916 (+7.6%), from €719,008 to €773,924
- Tax, wage and social debts -€14,775
down €14,775 (-13.8%), from €106,908 to €92,133
of which Remuneration and social security: -€21,251
- Gross operating margin -€17,480
down €17,480 (-4.2%), from €414,115 to €396,636
- Staff costs -€9,687
down €9,687 (-10.8%), from €89,803 to €80,117
- Other operating charges -€5,527
down €5,527 (-57.5%), from €9,616 to €4,089
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,056,415 | €1,229,778 | +€173,364 | +16.4% |
| Fixed assets | 21/28 | €216,843 | €180,274 | -€36,569 | -16.9% |
| Tangible fixed assets | 22/27 | €186,925 | €153,726 | -€33,199 | -17.8% |
| Land and buildings | 22 | €156,782 | €133,493 | -€23,289 | -14.9% |
| Plant, machinery and equipment | 23 | €12,506 | €10,368 | -€2,138 | -17.1% |
| Furniture and vehicles | 24 | €17,638 | €9,866 | -€7,772 | -44.1% |
| Financial fixed assets | 28 | €29,917 | €26,547 | -€3,370 | -11.3% |
| Current assets | 29/58 | €839,572 | €1,049,505 | +€209,933 | +25.0% |
| Stocks and contracts in progress | 3 | €19,012 | €18,771 | -€241 | -1.3% |
| Stocks | 30/36 | €19,012 | €18,771 | -€241 | -1.3% |
| Amounts receivable within one year | 40/41 | €25,864 | €41,013 | +€15,149 | +58.6% |
| Trade receivables | 40 | €17,614 | €27,559 | +€9,945 | +56.5% |
| Other amounts receivable | 41 | €8,250 | €13,454 | +€5,204 | +63.1% |
| Cash at bank and in hand | 54/58 | €794,697 | €982,186 | +€187,489 | +23.6% |
| Deferred charges and accrued income | 490/1 | - | €7,536 | +€7,536 | |
| Total equity and liabilities | 10/49 | €1,056,415 | €1,229,778 | +€173,364 | +16.4% |
| Equity | 10/15 | €791,247 | €846,164 | +€54,916 | +6.9% |
| Contributions | 10/11 | €14,960 | €14,960 | = | 0.0% |
| Reserves | 13 | €719,008 | €773,924 | +€54,916 | +7.6% |
| Distributable reserves | 133 | €719,008 | €773,924 | +€54,916 | +7.6% |
| Profit (loss) carried forward | 14 | €57,279 | €57,279 | = | 0.0% |
| Amounts payable | 17/49 | €265,167 | €383,615 | +€118,447 | +44.7% |
| Amounts payable within one year | 42/48 | €265,167 | €383,615 | +€118,447 | +44.7% |
| Trade debts | 44 | €99,045 | €92,824 | -€6,221 | -6.3% |
| Suppliers | 440/4 | €99,045 | €92,824 | -€6,221 | -6.3% |
| Taxes, remuneration and social security | 45 | €106,908 | €92,133 | -€14,775 | -13.8% |
| Taxes | 450/3 | €36,294 | €42,770 | +€6,476 | +17.8% |
| Remuneration and social security | 454/9 | €70,614 | €49,363 | -€21,251 | -30.1% |
| Other amounts payable | 47/48 | €59,214 | €198,657 | +€139,443 | +235% |
| Remuneration, social security and pensions | 62 | €89,803 | €80,117 | -€9,687 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,832 | €44,601 | -€231 | -0.5% |
| Other operating charges | 640/8 | €9,616 | €4,089 | -€5,527 | -57.5% |
| Gross operating margin | 9900 | €414,115 | €396,636 | -€17,480 | -4.2% |
| Operating profit (loss) | 9901 | €269,864 | €267,828 | -€2,036 | -0.8% |
| Financial income | 75/76B | €1,906 | €2,200 | +€294 | +15.4% |
| Recurring financial income | 75 | €1,906 | €2,200 | +€294 | +15.4% |
| Financial charges | 65/66B | €1,585 | €2,357 | +€772 | +48.7% |
| Recurring financial charges | 65 | €1,585 | €2,357 | +€772 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €270,185 | €267,671 | -€2,513 | -0.9% |
| Income taxes | 67/77 | €88,549 | €87,020 | -€1,529 | -1.7% |
| Profit (loss) for the period | 9904 | €181,636 | €180,651 | -€985 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €181,636 | €180,651 | -€985 | -0.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.