LOONWERKBEDRIJF VERHELLEN & CIE: what changed
What changed
LOONWERKBEDRIJF VERHELLEN & CIE
NACE 77.310, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€35,122
2024 · €45,737-€10,616
Equity
€481,339
2024 · €486,218-€4,878
Cash
€283,404
2024 · €279,738+€3,667
Balance sheet total
€1.3m
2024 · €1.4m-€89,594
Largest movements
Assets
- Tangible fixed assets -€63,894
down €63,894 (-7.5%), from €854,382 to €790,488
of which Furniture and vehicles: -€66,606
- Receivables within one year -€29,585
down €29,585 (-10.6%), from €277,986 to €248,401
of which Trade receivables: -€102,535
Equity and liabilities
- Debts after one year -€164,900
down €164,900 (-28.0%), from €589,156 to €424,255
- Trade debts +€103,382
up €103,382 (+122%), from €84,757 to €188,139
- Short-term financial debts -€48,942
no longer reported in 2025 (was €48,942)
- Other debts +€37,062
up €37,062 (+399%), from €9,279 to €46,341
Income statement
- Gross operating margin +€9,229
up €9,229 (+2.6%), from €358,388 to €367,617
- Financial charges +€7,223
up €7,223 (+64.4%), from €11,211 to €18,435
- Depreciation +€4,870
up €4,870 (+2.1%), from €235,334 to €240,204
- Taxes +€3,765
up €3,765 (+26.3%), from €14,331 to €18,095
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.
Result 2024
€45,737
Gross operating margin
+€9,229
Staff costs
-€1,427
Depreciation
-€4,870
Write-downs
-€2,493
Other operating charges
-€51
Other operating items
+€495
Financial income
-€510
Financial charges
-€7,223
Taxes
-€3,765
Result 2025
€35,122
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€440,485
Investment
-€176,310
Financing
-€260,508
Cash 2024
€279,738
From operations (derived)
+€440,485
Net result for the year
+€35,122
Depreciation
+€240,204
Receivables within one year
+€29,585
Smaller working-capital items
-€430
Provisions
-€5,194
Trade debts
+€103,382
Tax, wage and social debts
+€755
Other debts
+€37,062
Investment (derived)
-€176,310
Investment in fixed assets (net)
-€176,310
Financing
-€260,508
Debts after one year
-€164,900
Current portion of long-term debt
-€6,666
Short-term financial debts
-€48,942
Contributions, distributions and other
-€40,000
Cash 2025
€283,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,426,393 | €1,336,800 | -€89,594 | -6.3% |
| Fixed assets | 21/28 | €854,816 | €790,922 | -€63,894 | -7.5% |
| Tangible fixed assets | 22/27 | €854,382 | €790,488 | -€63,894 | -7.5% |
| Land and buildings | 22 | €278,837 | €269,216 | -€9,621 | -3.5% |
| Plant, machinery and equipment | 23 | €20,405 | €32,739 | +€12,333 | +60.4% |
| Furniture and vehicles | 24 | €555,139 | €488,533 | -€66,606 | -12.0% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €571,577 | €545,877 | -€25,700 | -4.5% |
| Amounts receivable within one year | 40/41 | €277,986 | €248,401 | -€29,585 | -10.6% |
| Trade receivables | 40 | €245,860 | €143,325 | -€102,535 | -41.7% |
| Other amounts receivable | 41 | €32,126 | €105,076 | +€72,950 | +227% |
| Cash at bank and in hand | 54/58 | €279,738 | €283,404 | +€3,667 | +1.3% |
| Deferred charges and accrued income | 490/1 | €13,853 | €14,072 | +€219 | +1.6% |
| Total equity and liabilities | 10/49 | €1,426,393 | €1,336,800 | -€89,594 | -6.3% |
| Equity | 10/15 | €486,218 | €481,339 | -€4,878 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €466,218 | €461,339 | -€4,878 | -1.0% |
| Tax-exempt reserves | 132 | €41,801 | €26,218 | -€15,583 | -37.3% |
| Distributable reserves | 133 | €424,417 | €435,122 | +€10,705 | +2.5% |
| Provisions and deferred taxes | 16 | €13,934 | €8,739 | -€5,194 | -37.3% |
| Deferred taxes | 168 | €13,934 | €8,739 | -€5,194 | -37.3% |
| Amounts payable | 17/49 | €926,242 | €846,721 | -€79,521 | -8.6% |
| Amounts payable after more than one year | 17 | €589,156 | €424,255 | -€164,900 | -28.0% |
| Financial debts | 170/4 | €589,156 | €424,255 | -€164,900 | -28.0% |
| Amounts payable within one year | 42/48 | €335,722 | €421,312 | +€85,590 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €171,566 | €164,900 | -€6,666 | -3.9% |
| Financial debts | 43 | €48,942 | - | -€48,942 | |
| Credit institutions | 430/8 | €48,942 | - | -€48,942 | |
| Trade debts | 44 | €84,757 | €188,139 | +€103,382 | +122% |
| Suppliers | 440/4 | €84,757 | €188,139 | +€103,382 | +122% |
| Taxes, remuneration and social security | 45 | €21,177 | €21,932 | +€755 | +3.6% |
| Taxes | 450/3 | €14,649 | €18,746 | +€4,097 | +28.0% |
| Remuneration and social security | 454/9 | €6,528 | €3,186 | -€3,342 | -51.2% |
| Other amounts payable | 47/48 | €9,279 | €46,341 | +€37,062 | +399% |
| Accrued charges and deferred income | 492/3 | €1,364 | €1,153 | -€211 | -15.5% |
| Non-recurring operating income | 76A | €4,386 | €25,160 | +€20,774 | +474% |
| Remuneration, social security and pensions | 62 | €56,056 | €57,484 | +€1,427 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,334 | €240,204 | +€4,870 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,493 | - | +€2,493 | |
| Other operating charges | 640/8 | €4,494 | €4,545 | +€51 | +1.1% |
| Non-recurring operating charges | 66A | €495 | - | -€495 | |
| Gross operating margin | 9900 | €358,388 | €367,617 | +€9,229 | +2.6% |
| Operating profit (loss) | 9901 | €64,502 | €65,384 | +€882 | +1.4% |
| Financial income | 75/76B | €1,583 | €1,073 | -€510 | -32.2% |
| Recurring financial income | 75 | €1,583 | €1,073 | -€510 | -32.2% |
| Financial charges | 65/66B | €11,211 | €18,435 | +€7,223 | +64.4% |
| Recurring financial charges | 65 | €11,211 | €18,435 | +€7,223 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €54,873 | €48,022 | -€6,851 | -12.5% |
| Transfer from deferred taxes | 780 | €5,194 | €5,194 | = | 0.0% |
| Income taxes | 67/77 | €14,331 | €18,095 | +€3,765 | +26.3% |
| Profit (loss) for the period | 9904 | €45,737 | €35,122 | -€10,616 | -23.2% |
| Transfer from tax-exempt reserves | 789 | €15,583 | €15,583 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,320 | €50,705 | -€10,616 | -17.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.