Steenhouwerij E. Verscuren: 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.
Steenhouwerij E. Verscuren
Largest movements
- Receivables within one year -€38,934
down €38,934 (-22.1%), from €176,280 to €137,346
of which Trade receivables: -€45,650
- Cash -€32,559
down €32,559 (-33.2%), from €97,930 to €65,371
mainly Net result for the year (-€62,836) and Debts after one year (-€24,651)
- Tangible fixed assets -€27,208
down €27,208 (-24.2%), from €112,609 to €85,401
of which Leasing and similar rights: -€32,980
- Stocks and contracts +€12,499
up €12,499 (+13.1%), from €95,756 to €108,255
- Reserves -€62,836
down €62,836 (-20.7%), from €303,150 to €240,314
of which Distributable reserves: -€62,836
- Debts after one year -€24,651
down €24,651 (-39.4%), from €62,631 to €37,980
- Other debts -€21,420
down €21,420 (-44.6%), from €48,000 to €26,580
- Trade debts +€16,059
up €16,059 (+206%), from €7,799 to €23,857
- Current portion of long-term debt +€5,310
up €5,310 (+14.7%), from €36,008 to €41,319
- Gross operating margin -€197,527
down €197,527 (-35.0%), from €564,409 to €366,882
- Staff costs -€80,557
down €80,557 (-17.2%), from €468,775 to €388,218
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 | €493,303 | €403,156 | -€90,148 | -18.3% |
| Fixed assets | 21/28 | €113,494 | €86,286 | -€27,208 | -24.0% |
| Tangible fixed assets | 22/27 | €112,609 | €85,401 | -€27,208 | -24.2% |
| Plant, machinery and equipment | 23 | €13,761 | €22,279 | +€8,518 | +61.9% |
| Leasing and similar rights | 25 | €86,832 | €53,852 | -€32,980 | -38.0% |
| Other tangible fixed assets | 26 | €12,016 | €9,270 | -€2,746 | -22.9% |
| Financial fixed assets | 28 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €379,809 | €316,869 | -€62,940 | -16.6% |
| Stocks and contracts in progress | 3 | €95,756 | €108,255 | +€12,499 | +13.1% |
| Stocks | 30/36 | €95,756 | €108,255 | +€12,499 | +13.1% |
| Amounts receivable within one year | 40/41 | €176,280 | €137,346 | -€38,934 | -22.1% |
| Trade receivables | 40 | €175,944 | €130,294 | -€45,650 | -25.9% |
| Other amounts receivable | 41 | €336 | €7,052 | +€6,716 | +2,000% |
| Cash at bank and in hand | 54/58 | €97,930 | €65,371 | -€32,559 | -33.2% |
| Deferred charges and accrued income | 490/1 | €9,843 | €5,897 | -€3,946 | -40.1% |
| Total equity and liabilities | 10/49 | €493,303 | €403,156 | -€90,148 | -18.3% |
| Equity | 10/15 | €327,939 | €265,104 | -€62,836 | -19.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €303,150 | €240,314 | -€62,836 | -20.7% |
| Tax-exempt reserves | 132 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €248,150 | €185,314 | -€62,836 | -25.3% |
| Amounts payable | 17/49 | €165,364 | €138,052 | -€27,312 | -16.5% |
| Amounts payable after more than one year | 17 | €62,631 | €37,980 | -€24,651 | -39.4% |
| Financial debts | 170/4 | €62,631 | €37,980 | -€24,651 | -39.4% |
| Amounts payable within one year | 42/48 | €102,733 | €100,072 | -€2,661 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €36,008 | €41,319 | +€5,310 | +14.7% |
| Trade debts | 44 | €7,799 | €23,857 | +€16,059 | +206% |
| Suppliers | 440/4 | €7,799 | €23,857 | +€16,059 | +206% |
| Taxes, remuneration and social security | 45 | €10,926 | €8,316 | -€2,609 | -23.9% |
| Taxes | 450/3 | €10,926 | €8,316 | -€2,609 | -23.9% |
| Other amounts payable | 47/48 | €48,000 | €26,580 | -€21,420 | -44.6% |
| Remuneration, social security and pensions | 62 | €468,775 | €388,218 | -€80,557 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,005 | €44,515 | +€510 | +1.2% |
| Other operating charges | 640/8 | €4,149 | €2,657 | -€1,492 | -36.0% |
| Gross operating margin | 9900 | €564,409 | €366,882 | -€197,527 | -35.0% |
| Operating profit (loss) | 9901 | €47,480 | -€68,508 | -€115,988 | |
| Financial income | 75/76B | €9,740 | €11,659 | +€1,919 | +19.7% |
| Recurring financial income | 75 | €9,740 | €11,659 | +€1,919 | +19.7% |
| Financial charges | 65/66B | €7,516 | €5,986 | -€1,530 | -20.4% |
| Recurring financial charges | 65 | €7,516 | €5,986 | -€1,530 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €49,703 | -€62,836 | -€112,539 | |
| Income taxes | 67/77 | €1,056 | - | -€1,056 | |
| Profit (loss) for the period | 9904 | €48,647 | -€62,836 | -€111,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,647 | -€62,836 | -€111,483 |
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 29 October 2026 via checked.be.