NV VERSCHAEREN-BAUMANS: 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.
NV VERSCHAEREN-BAUMANS
Largest movements
- Tangible fixed assets -€59,031
down €59,031 (-7.7%), from €763,430 to €704,399
of which Furniture and vehicles: -€29,922
- Receivables within one year +€35,556
up €35,556 (+27.7%), from €128,354 to €163,911
of which Trade receivables: +€33,360
- Cash -€24,662
down €24,662 (-7.2%), from €342,308 to €317,647
mainly Receivables within one year (-€35,556) and Other debts (-€19,500)
- Other debts -€19,500
down €19,500 (-3.4%), from €572,502 to €553,002
- Reserves -€15,413
down €15,413 (-7.5%), from €204,912 to €189,499
of which Distributable reserves: -€15,413
- Tax, wage and social debts -€13,071
down €13,071 (-94.8%), from €13,781 to €710
of which Taxes: -€13,071
- Gross operating margin -€54,566
down €54,566 (-41.2%), from €132,509 to €77,943
- Financial charges -€41,305
down €41,305 (-98.1%), from €42,107 to €802
- Depreciation +€9,309
up €9,309 (+18.1%), from €51,421 to €60,730
- Other operating charges +€2,785
up €2,785 (+8.7%), from €32,042 to €34,827
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 | €1,246,841 | €1,197,713 | -€49,129 | -3.9% |
| Fixed assets | 21/28 | €763,555 | €704,524 | -€59,031 | -7.7% |
| Tangible fixed assets | 22/27 | €763,430 | €704,399 | -€59,031 | -7.7% |
| Land and buildings | 22 | €633,104 | €615,195 | -€17,909 | -2.8% |
| Plant, machinery and equipment | 23 | €40,789 | €29,589 | -€11,200 | -27.5% |
| Furniture and vehicles | 24 | €89,537 | €59,614 | -€29,922 | -33.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €483,286 | €493,189 | +€9,903 | +2.0% |
| Amounts receivable within one year | 40/41 | €128,354 | €163,911 | +€35,556 | +27.7% |
| Trade receivables | 40 | €125,117 | €158,477 | +€33,360 | +26.7% |
| Other amounts receivable | 41 | €3,237 | €5,433 | +€2,196 | +67.8% |
| Cash at bank and in hand | 54/58 | €342,308 | €317,647 | -€24,662 | -7.2% |
| Deferred charges and accrued income | 490/1 | €12,624 | €11,632 | -€992 | -7.9% |
| Total equity and liabilities | 10/49 | €1,246,841 | €1,197,713 | -€49,129 | -3.9% |
| Equity | 10/15 | €607,912 | €592,499 | -€15,413 | -2.5% |
| Contributions | 10/11 | €403,000 | €403,000 | = | 0.0% |
| Capital | 10 | €403,000 | €403,000 | = | 0.0% |
| Issued capital | 100 | €403,000 | €403,000 | = | 0.0% |
| Reserves | 13 | €204,912 | €189,499 | -€15,413 | -7.5% |
| Non-distributable reserves | 130/1 | €40,300 | €40,300 | = | 0.0% |
| Legal reserve | 130 | €40,300 | €40,300 | = | 0.0% |
| Distributable reserves | 133 | €164,612 | €149,199 | -€15,413 | -9.4% |
| Amounts payable | 17/49 | €638,930 | €605,214 | -€33,716 | -5.3% |
| Amounts payable within one year | 42/48 | €629,837 | €597,204 | -€32,633 | -5.2% |
| Trade debts | 44 | €43,554 | €43,492 | -€62 | -0.1% |
| Suppliers | 440/4 | €43,554 | €43,492 | -€62 | -0.1% |
| Taxes, remuneration and social security | 45 | €13,781 | €710 | -€13,071 | -94.8% |
| Taxes | 450/3 | €13,781 | €710 | -€13,071 | -94.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €572,502 | €553,002 | -€19,500 | -3.4% |
| Accrued charges and deferred income | 492/3 | €9,093 | €8,010 | -€1,083 | -11.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,421 | €60,730 | +€9,309 | +18.1% |
| Other operating charges | 640/8 | €32,042 | €34,827 | +€2,785 | +8.7% |
| Gross operating margin | 9900 | €132,509 | €77,943 | -€54,566 | -41.2% |
| Operating profit (loss) | 9901 | €49,045 | -€17,615 | -€66,660 | |
| Financial income | 75/76B | €2,848 | €3,004 | +€156 | +5.5% |
| Recurring financial income | 75 | €2,848 | €3,004 | +€156 | +5.5% |
| Financial charges | 65/66B | €42,107 | €802 | -€41,305 | -98.1% |
| Recurring financial charges | 65 | €42,107 | €802 | -€41,305 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €9,786 | -€15,413 | -€25,199 | |
| Income taxes | 67/77 | €1,093 | €0 | -€1,093 | -100% |
| Profit (loss) for the period | 9904 | €8,694 | -€15,413 | -€24,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,694 | -€15,413 | -€24,106 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.