Kantoor Verheecke: what changed
Kantoor Verheecke
Largest movements
- Intangible fixed assets +€674,397
new in 2025: €674,397
- Cash +€255,941
up €255,941 (+252%), from €101,764 to €357,705
mainly Debts after one year (+€443,185) and Other debts (+€294,767)
- Tangible fixed assets -€98,350
down €98,350 (-12.9%), from €763,262 to €664,911
of which Land and buildings: -€217,943
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Deferred charges and accrued income +€49,878
up €49,878 (+103%), from €48,426 to €98,304
- Debts after one year +€443,185
up €443,185 (+79.8%), from €555,404 to €998,589
- Other debts +€294,767
up €294,767 (+232%), from €127,029 to €421,795
- Current portion of long-term debt +€74,798
up €74,798 (+65.5%), from €114,156 to €188,954
- Reserves -€67,399
down €67,399 (-38.6%), from €174,711 to €107,312
- Tax, wage and social debts +€56,086
up €56,086 (+186%), from €30,105 to €86,191
of which Remuneration and social security: +€37,615
- Gross operating margin +€451,477
up €451,477 (+109%), from €412,849 to €864,326
- Staff costs +€108,459
up €108,459 (+52.5%), from €206,509 to €314,968
- Taxes +€80,900
up €80,900 (+670%), from €12,080 to €92,980
- Financial charges +€26,987
up €26,987 (+220%), from €12,261 to €39,248
- Depreciation +€22,706
up €22,706 (+19.4%), from €117,030 to €139,736
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 | €1,032,571 | €1,828,854 | +€796,282 | +77.1% |
| Fixed assets | 21/28 | €764,462 | €1,340,508 | +€576,046 | +75.4% |
| Intangible fixed assets | 21 | - | €674,397 | +€674,397 | |
| Tangible fixed assets | 22/27 | €763,262 | €664,911 | -€98,350 | -12.9% |
| Land and buildings | 22 | €472,633 | €254,690 | -€217,943 | -46.1% |
| Plant, machinery and equipment | 23 | €165,622 | €119,263 | -€46,359 | -28.0% |
| Furniture and vehicles | 24 | €125,006 | €290,958 | +€165,952 | +133% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €268,110 | €488,346 | +€220,236 | +82.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,920 | €2,337 | -€5,583 | -70.5% |
| Trade receivables | 40 | - | €2,337 | +€2,337 | |
| Other amounts receivable | 41 | €7,920 | €0 | -€7,920 | -100% |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €101,764 | €357,705 | +€255,941 | +252% |
| Deferred charges and accrued income | 490/1 | €48,426 | €98,304 | +€49,878 | +103% |
| Total equity and liabilities | 10/49 | €1,032,571 | €1,828,854 | +€796,282 | +77.1% |
| Equity | 10/15 | €193,311 | €125,912 | -€67,399 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,711 | €107,312 | -€67,399 | -38.6% |
| Distributable reserves | 133 | €174,711 | €107,312 | -€67,399 | -38.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €839,261 | €1,702,941 | +€863,681 | +103% |
| Amounts payable after more than one year | 17 | €555,404 | €998,589 | +€443,185 | +79.8% |
| Financial debts | 170/4 | €555,404 | €998,589 | +€443,185 | +79.8% |
| Amounts payable within one year | 42/48 | €280,647 | €701,143 | +€420,496 | +150% |
| Current portion of amounts payable after more than one year | 42 | €114,156 | €188,954 | +€74,798 | +65.5% |
| Trade debts | 44 | €9,357 | €4,203 | -€5,155 | -55.1% |
| Suppliers | 440/4 | €9,357 | €4,203 | -€5,155 | -55.1% |
| Taxes, remuneration and social security | 45 | €30,105 | €86,191 | +€56,086 | +186% |
| Taxes | 450/3 | €5,933 | €24,404 | +€18,471 | +311% |
| Remuneration and social security | 454/9 | €24,172 | €61,787 | +€37,615 | +156% |
| Other amounts payable | 47/48 | €127,029 | €421,795 | +€294,767 | +232% |
| Accrued charges and deferred income | 492/3 | €3,210 | €3,210 | = | 0.0% |
| Non-recurring operating income | 76A | - | €84,325 | +€84,325 | |
| Remuneration, social security and pensions | 62 | €206,509 | €314,968 | +€108,459 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,030 | €139,736 | +€22,706 | +19.4% |
| Other operating charges | 640/8 | €12,547 | €9,045 | -€3,503 | -27.9% |
| Non-recurring operating charges | 66A | €18,794 | €0 | -€18,794 | -100% |
| Gross operating margin | 9900 | €412,849 | €864,326 | +€451,477 | +109% |
| Operating profit (loss) | 9901 | €57,969 | €400,577 | +€342,609 | +591% |
| Financial income | 75/76B | €0 | €903 | +€903 | +9,027,100% |
| Recurring financial income | 75 | €0 | €903 | +€903 | +9,027,100% |
| Financial charges | 65/66B | €12,261 | €39,248 | +€26,987 | +220% |
| Recurring financial charges | 65 | €12,261 | €39,248 | +€26,987 | +220% |
| Profit (loss) for the period before taxes | 9903 | €45,708 | €362,232 | +€316,524 | +692% |
| Income taxes | 67/77 | €12,080 | €92,980 | +€80,900 | +670% |
| Profit (loss) for the period | 9904 | €33,627 | €269,251 | +€235,624 | +701% |
| Profit (loss) for the period to be appropriated | 9905 | €33,627 | €269,251 | +€235,624 | +701% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.