PATRICK VERWILST: what changed
What changed
PATRICK VERWILST
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€119,955
2024 · €66,158+€53,797
Equity
€1.1m
2024 · €938,878+€119,955
Cash
€572,073
2024 · €529,933+€42,140
Balance sheet total
€1.4m
2024 · €1.2m+€132,848
Largest movements
Assets
- Receivables within one year +€61,999
up €61,999 (+26.7%), from €232,390 to €294,390
of which Trade receivables: +€106,548
- Cash +€42,140
up €42,140 (+8.0%), from €529,933 to €572,073
mainly Net result for the year (+€119,955) and Depreciation (+€67,037)
- Tangible fixed assets +€16,256
up €16,256 (+9.1%), from €178,018 to €194,274
of which Furniture and vehicles: +€14,206
- Stocks and contracts +€15,765
up €15,765 (+10.8%), from €145,567 to €161,332
of which Contracts in progress: +€37,500
Equity and liabilities
- Reserves +€119,955
up €119,955 (+13.0%), from €920,286 to €1.0m
of which Distributable reserves: +€120,002
- Tax, wage and social debts +€14,819
up €14,819 (+67.0%), from €22,121 to €36,940
of which Taxes: +€10,745
Income statement
- Gross operating margin +€49,211
up €49,211 (+13.2%), from €374,169 to €423,380
- Staff costs -€34,808
down €34,808 (-15.6%), from €223,114 to €188,306
- Taxes +€24,823
up €24,823 (+101%), from €24,612 to €49,435
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
€66,158
Gross operating margin
+€49,211
Staff costs
+€34,808
Depreciation
-€1,808
Other operating charges
-€1,196
Financial income
-€3,947
Financial charges
+€1,568
Taxes
-€24,823
Deferred taxes and other
-€18
Result 2025
€119,955
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
+€125,433
Investment
-€83,293
Financing
€0
Cash 2024
€529,933
From operations (derived)
+€125,433
Net result for the year
+€119,955
Depreciation
+€67,037
Receivables after one year
+€6,357
Stocks and contracts
-€15,765
Receivables within one year
-€61,999
Deferred charges and accrued income
-€3,044
Smaller working-capital items
+€8
Trade debts
-€1,197
Tax, wage and social debts
+€14,819
Other debts
-€737
Investment (derived)
-€83,293
Investment in fixed assets (net)
-€83,293
Cash 2025
€572,073
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,228,949 | €1,361,797 | +€132,848 | +10.8% |
| Fixed assets | 21/28 | €178,153 | €194,409 | +€16,256 | +9.1% |
| Tangible fixed assets | 22/27 | €178,018 | €194,274 | +€16,256 | +9.1% |
| Land and buildings | 22 | €21,924 | €17,837 | -€4,087 | -18.6% |
| Plant, machinery and equipment | 23 | €10,805 | €16,942 | +€6,137 | +56.8% |
| Furniture and vehicles | 24 | €145,289 | €159,495 | +€14,206 | +9.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,050,796 | €1,167,388 | +€116,592 | +11.1% |
| Amounts receivable after more than one year | 29 | €135,927 | €129,570 | -€6,357 | -4.7% |
| Other amounts receivable | 291 | €135,927 | €129,570 | -€6,357 | -4.7% |
| Stocks and contracts in progress | 3 | €145,567 | €161,332 | +€15,765 | +10.8% |
| Stocks | 30/36 | €133,067 | €111,332 | -€21,735 | -16.3% |
| Contracts in progress | 37 | €12,500 | €50,000 | +€37,500 | +300% |
| Amounts receivable within one year | 40/41 | €232,390 | €294,390 | +€61,999 | +26.7% |
| Trade receivables | 40 | €168,932 | €275,481 | +€106,548 | +63.1% |
| Other amounts receivable | 41 | €63,458 | €18,909 | -€44,549 | -70.2% |
| Cash at bank and in hand | 54/58 | €529,933 | €572,073 | +€42,140 | +8.0% |
| Deferred charges and accrued income | 490/1 | €6,979 | €10,023 | +€3,044 | +43.6% |
| Total equity and liabilities | 10/49 | €1,228,949 | €1,361,797 | +€132,848 | +10.8% |
| Equity | 10/15 | €938,878 | €1,058,833 | +€119,955 | +12.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €920,286 | €1,040,241 | +€119,955 | +13.0% |
| Non-distributable reserves | 130/1 | €86,096 | €86,096 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86,096 | €86,096 | = | 0.0% |
| Tax-exempt reserves | 132 | €47 | - | -€47 | |
| Distributable reserves | 133 | €834,143 | €954,145 | +€120,002 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €23 | - | -€23 | |
| Deferred taxes | 168 | €23 | - | -€23 | |
| Amounts payable | 17/49 | €290,048 | €302,964 | +€12,916 | +4.5% |
| Amounts payable within one year | 42/48 | €289,080 | €301,966 | +€12,885 | +4.5% |
| Trade debts | 44 | €72,298 | €71,101 | -€1,197 | -1.7% |
| Suppliers | 440/4 | €72,298 | €71,101 | -€1,197 | -1.7% |
| Taxes, remuneration and social security | 45 | €22,121 | €36,940 | +€14,819 | +67.0% |
| Taxes | 450/3 | €7,731 | €18,476 | +€10,745 | +139% |
| Remuneration and social security | 454/9 | €14,390 | €18,464 | +€4,073 | +28.3% |
| Other amounts payable | 47/48 | €194,662 | €193,925 | -€737 | -0.4% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Remuneration, social security and pensions | 62 | €223,114 | €188,306 | -€34,808 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,229 | €67,037 | +€1,808 | +2.8% |
| Other operating charges | 640/8 | €3,723 | €4,919 | +€1,196 | +32.1% |
| Gross operating margin | 9900 | €374,169 | €423,380 | +€49,211 | +13.2% |
| Operating profit (loss) | 9901 | €82,102 | €163,119 | +€81,016 | +98.7% |
| Financial income | 75/76B | €12,053 | €8,106 | -€3,947 | -32.7% |
| Recurring financial income | 75 | €12,053 | €8,106 | -€3,947 | -32.7% |
| Financial charges | 65/66B | €3,426 | €1,858 | -€1,568 | -45.8% |
| Recurring financial charges | 65 | €3,426 | €1,858 | -€1,568 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €90,729 | €169,367 | +€78,638 | +86.7% |
| Transfer from deferred taxes | 780 | €41 | €23 | -€18 | -43.5% |
| Income taxes | 67/77 | €24,612 | €49,435 | +€24,823 | +101% |
| Profit (loss) for the period | 9904 | €66,158 | €119,955 | +€53,797 | +81.3% |
| Transfer from tax-exempt reserves | 789 | €83 | €47 | -€36 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,241 | €120,002 | +€53,761 | +81.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 8 November 2026 via checked.be.