LAURENT VERVIER: 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.
LAURENT VERVIER
Largest movements
- Cash +€49,612
up €49,612 (+33.1%), from €149,836 to €199,448
mainly Other debts (+€67,383) and Net result for the year (+€43,010)
- Tangible fixed assets -€20,447
down €20,447 (-22.9%), from €89,261 to €68,814
of which Furniture and vehicles: -€19,534
- Deferred charges and accrued income +€6,118
new in 2025: €6,118
- Other debts +€67,383
up €67,383 (+113%), from €59,823 to €127,206
- Reserves -€44,900
down €44,900 (-34.4%), from €130,465 to €85,565
of which Distributable reserves: -€44,900
- Tax, wage and social debts +€10,814
up €10,814 (+76.1%), from €14,210 to €25,025
- Trade debts +€9,442
up €9,442 (+5,750%), from €164 to €9,606
- Accrued charges and deferred income -€4,993
no longer reported in 2025 (was €4,993)
- Gross operating margin +€36,548
up €36,548 (+61.1%), from €59,792 to €96,340
- Taxes +€10,166
up €10,166 (+129%), from €7,904 to €18,070
- Depreciation +€5,976
up €5,976 (+35.2%), from €16,987 to €22,962
- Other operating charges -€4,266
down €4,266 (-75.1%), from €5,679 to €1,413
- Financial charges -€1,196
down €1,196 (-9.9%), from €12,080 to €10,884
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 | €242,854 | €280,610 | +€37,757 | +15.5% |
| Fixed assets | 21/28 | €89,261 | €68,814 | -€20,447 | -22.9% |
| Tangible fixed assets | 22/27 | €89,261 | €68,814 | -€20,447 | -22.9% |
| Plant, machinery and equipment | 23 | €2,195 | €1,281 | -€913 | -41.6% |
| Furniture and vehicles | 24 | €87,067 | €67,533 | -€19,534 | -22.4% |
| Current assets | 29/58 | €153,592 | €211,796 | +€58,203 | +37.9% |
| Amounts receivable within one year | 40/41 | €3,756 | €6,230 | +€2,474 | +65.9% |
| Other amounts receivable | 41 | €3,756 | €6,230 | +€2,474 | +65.9% |
| Cash at bank and in hand | 54/58 | €149,836 | €199,448 | +€49,612 | +33.1% |
| Deferred charges and accrued income | 490/1 | - | €6,118 | +€6,118 | |
| Total equity and liabilities | 10/49 | €242,854 | €280,610 | +€37,757 | +15.5% |
| Equity | 10/15 | €163,663 | €118,773 | -€44,890 | -27.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €130,465 | €85,565 | -€44,900 | -34.4% |
| Non-distributable reserves | 130/1 | €3,365 | €3,365 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,365 | €3,365 | = | 0.0% |
| Distributable reserves | 133 | €127,100 | €82,200 | -€44,900 | -35.3% |
| Profit (loss) carried forward | 14 | €20,798 | €20,808 | +€10 | 0.0% |
| Amounts payable | 17/49 | €79,191 | €161,837 | +€82,646 | +104% |
| Amounts payable within one year | 42/48 | €74,197 | €161,837 | +€87,640 | +118% |
| Trade debts | 44 | €164 | €9,606 | +€9,442 | +5,750% |
| Suppliers | 440/4 | €164 | €9,606 | +€9,442 | +5,750% |
| Taxes, remuneration and social security | 45 | €14,210 | €25,025 | +€10,814 | +76.1% |
| Taxes | 450/3 | €14,210 | €25,025 | +€10,814 | +76.1% |
| Other amounts payable | 47/48 | €59,823 | €127,206 | +€67,383 | +113% |
| Accrued charges and deferred income | 492/3 | €4,993 | - | -€4,993 | |
| Non-recurring operating income | 76A | €11,419 | - | -€11,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,987 | €22,962 | +€5,976 | +35.2% |
| Other operating charges | 640/8 | €5,679 | €1,413 | -€4,266 | -75.1% |
| Non-recurring operating charges | 66A | €1,267 | - | -€1,267 | |
| Gross operating margin | 9900 | €59,792 | €96,340 | +€36,548 | +61.1% |
| Operating profit (loss) | 9901 | €35,859 | €71,965 | +€36,106 | +101% |
| Financial income | 75/76B | €804 | €0 | -€804 | -100% |
| Recurring financial income | 75 | €804 | €0 | -€804 | -100% |
| Financial charges | 65/66B | €12,080 | €10,884 | -€1,196 | -9.9% |
| Recurring financial charges | 65 | €12,080 | €10,884 | -€1,196 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €24,583 | €61,080 | +€36,497 | +148% |
| Income taxes | 67/77 | €7,904 | €18,070 | +€10,166 | +129% |
| Profit (loss) for the period | 9904 | €16,679 | €43,010 | +€26,331 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €16,679 | €43,010 | +€26,331 | +158% |
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 28 October 2026 via checked.be.