ROGER VERVAECK: 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.
ROGER VERVAECK
Largest movements
- Cash +€8,926
up €8,926 (+345%), from €2,587 to €11,513
mainly Net result for the year (+€17,868) and Tax, wage and social debts (+€931)
- Profit (loss) carried forward +€17,868
up €17,868 (+10.7%), from €167,269 to €185,137
- Gross operating margin +€2,510
up €2,510 (+23.3%), from €10,793 to €13,304
- Taxes +€1,182
up €1,182 (+19.4%), from €6,086 to €7,267
- Financial income +€890
up €890 (+7.2%), from €12,285 to €13,175
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 | €671,720 | €685,777 | +€14,056 | +2.1% |
| Fixed assets | 21/28 | €925 | €925 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €670,795 | €684,852 | +€14,056 | +2.1% |
| Amounts receivable within one year | 40/41 | €668,209 | €673,339 | +€5,130 | +0.8% |
| Trade receivables | 40 | €58,931 | €53,992 | -€4,939 | -8.4% |
| Other amounts receivable | 41 | €609,277 | €619,347 | +€10,070 | +1.7% |
| Cash at bank and in hand | 54/58 | €2,587 | €11,513 | +€8,926 | +345% |
| Total equity and liabilities | 10/49 | €671,720 | €685,777 | +€14,056 | +2.1% |
| Equity | 10/15 | €373,260 | €391,128 | +€17,868 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,399 | €187,399 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €185,540 | €185,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,269 | €185,137 | +€17,868 | +10.7% |
| Provisions and deferred taxes | 16 | €207,869 | €207,869 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €207,869 | €207,869 | = | 0.0% |
| Taxes | 161 | €207,869 | €207,869 | = | 0.0% |
| Amounts payable | 17/49 | €90,591 | €86,779 | -€3,812 | -4.2% |
| Amounts payable within one year | 42/48 | €90,591 | €86,779 | -€3,812 | -4.2% |
| Trade debts | 44 | €83,166 | €78,423 | -€4,743 | -5.7% |
| Suppliers | 440/4 | €83,166 | €78,423 | -€4,743 | -5.7% |
| Taxes, remuneration and social security | 45 | €7,424 | €8,355 | +€931 | +12.5% |
| Taxes | 450/3 | €7,424 | €8,355 | +€931 | +12.5% |
| Other operating charges | 640/8 | €1,328 | €1,260 | -€68 | -5.1% |
| Gross operating margin | 9900 | €10,793 | €13,304 | +€2,510 | +23.3% |
| Operating profit (loss) | 9901 | €9,466 | €12,044 | +€2,578 | +27.2% |
| Financial income | 75/76B | €12,285 | €13,175 | +€890 | +7.2% |
| Recurring financial income | 75 | €12,285 | €13,175 | +€890 | +7.2% |
| Financial charges | 65/66B | €87 | €84 | -€4 | -4.2% |
| Recurring financial charges | 65 | €87 | €84 | -€4 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €21,664 | €25,135 | +€3,472 | +16.0% |
| Income taxes | 67/77 | €6,086 | €7,267 | +€1,182 | +19.4% |
| Profit (loss) for the period | 9904 | €15,578 | €17,868 | +€2,290 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,578 | €17,868 | +€2,290 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.