RTB Verschaeve: 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.
RTB Verschaeve
Largest movements
- Receivables after one year +€212,000
new in 2025: €212,000
- Receivables within one year -€100,824
down €100,824 (-74.0%), from €136,289 to €35,464
of which Other amounts receivable: -€76,409
- Tangible fixed assets -€16,625
down €16,625 (-6.8%), from €244,893 to €228,268
of which Land and buildings: -€11,674
- Deferred charges and accrued income -€6,228
down €6,228 (-40.6%), from €15,343 to €9,114
- Other debts +€140,737
up €140,737 (+117%), from €120,000 to €260,737
- Trade debts -€32,238
down €32,238 (-83.8%), from €38,480 to €6,242
- Debts after one year -€13,351
down €13,351 (-6.1%), from €220,561 to €207,210
- Tax, wage and social debts -€10,326
down €10,326 (-71.9%), from €14,364 to €4,038
of which Taxes: -€7,834
- Financial income +€531,124
up €531,124 (+11,894%), from €4,465 to €535,589
of which Non-recurring financial income: +€528,000
- Gross operating margin -€118,744
down €118,744 (-89.5%), from €132,611 to €13,867
- Taxes +€112,415
up €112,415 (+1,023%), from €10,986 to €123,401
- Staff costs -€35,283
down €35,283 (-75.0%), from €47,062 to €11,779
- Depreciation -€5,961
down €5,961 (-18.7%), from €31,923 to €25,961
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 | €417,417 | €503,899 | +€86,482 | +20.7% |
| Fixed assets | 21/28 | €245,022 | €228,268 | -€16,754 | -6.8% |
| Intangible fixed assets | 21 | €128 | - | -€128 | |
| Tangible fixed assets | 22/27 | €244,893 | €228,268 | -€16,625 | -6.8% |
| Land and buildings | 22 | €203,777 | €192,103 | -€11,674 | -5.7% |
| Plant, machinery and equipment | 23 | €15,050 | €9,392 | -€5,658 | -37.6% |
| Furniture and vehicles | 24 | €26,067 | €26,773 | +€706 | +2.7% |
| Current assets | 29/58 | €172,396 | €275,632 | +€103,236 | +59.9% |
| Amounts receivable after more than one year | 29 | - | €212,000 | +€212,000 | |
| Other amounts receivable | 291 | - | €212,000 | +€212,000 | |
| Amounts receivable within one year | 40/41 | €136,289 | €35,464 | -€100,824 | -74.0% |
| Trade receivables | 40 | €43,157 | €18,741 | -€24,416 | -56.6% |
| Other amounts receivable | 41 | €93,132 | €16,723 | -€76,409 | -82.0% |
| Cash at bank and in hand | 54/58 | €20,764 | €19,053 | -€1,711 | -8.2% |
| Deferred charges and accrued income | 490/1 | €15,343 | €9,114 | -€6,228 | -40.6% |
| Total equity and liabilities | 10/49 | €417,417 | €503,899 | +€86,482 | +20.7% |
| Equity | 10/15 | €7,483 | €7,910 | +€427 | +5.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,983 | €5,410 | +€427 | +8.6% |
| Amounts payable | 17/49 | €409,934 | €495,990 | +€86,056 | +21.0% |
| Amounts payable after more than one year | 17 | €220,561 | €207,210 | -€13,351 | -6.1% |
| Financial debts | 170/4 | €220,561 | €207,210 | -€13,351 | -6.1% |
| Amounts payable within one year | 42/48 | €188,709 | €288,571 | +€99,863 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €13,160 | €13,351 | +€191 | +1.4% |
| Financial debts | 43 | €2,705 | €4,204 | +€1,500 | +55.4% |
| Other loans | 439 | €2,705 | €4,204 | +€1,500 | +55.4% |
| Trade debts | 44 | €38,480 | €6,242 | -€32,238 | -83.8% |
| Suppliers | 440/4 | €38,480 | €6,242 | -€32,238 | -83.8% |
| Taxes, remuneration and social security | 45 | €14,364 | €4,038 | -€10,326 | -71.9% |
| Taxes | 450/3 | €10,872 | €3,038 | -€7,834 | -72.1% |
| Remuneration and social security | 454/9 | €3,492 | €1,000 | -€2,492 | -71.4% |
| Other amounts payable | 47/48 | €120,000 | €260,737 | +€140,737 | +117% |
| Accrued charges and deferred income | 492/3 | €664 | €208 | -€456 | -68.7% |
| Remuneration, social security and pensions | 62 | €47,062 | €11,779 | -€35,283 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,923 | €25,961 | -€5,961 | -18.7% |
| Other operating charges | 640/8 | €2,127 | €2,494 | +€367 | +17.3% |
| Gross operating margin | 9900 | €132,611 | €13,867 | -€118,744 | -89.5% |
| Operating profit (loss) | 9901 | €51,499 | -€26,367 | -€77,866 | |
| Financial income | 75/76B | €4,465 | €535,589 | +€531,124 | +11,894% |
| Recurring financial income | 75 | €4,465 | €7,589 | +€3,124 | +70.0% |
| Non-recurring financial income | 76B | - | €528,000 | +€528,000 | |
| Financial charges | 65/66B | €12,315 | €10,394 | -€1,921 | -15.6% |
| Recurring financial charges | 65 | €12,315 | €10,394 | -€1,921 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €43,649 | €498,828 | +€455,179 | +1,043% |
| Income taxes | 67/77 | €10,986 | €123,401 | +€112,415 | +1,023% |
| Profit (loss) for the period | 9904 | €32,663 | €375,427 | +€342,764 | +1,049% |
| Profit (loss) for the period to be appropriated | 9905 | €32,663 | €375,427 | +€342,764 | +1,049% |
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 17 October 2026 via checked.be.