VER-BOUW: 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.
VER-BOUW
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts -€17,331
down €17,331 (-48.9%), from €35,408 to €18,076
- Tax, wage and social debts +€9,542
up €9,542 (+27.4%), from €34,773 to €44,315
- Profit (loss) carried forward +€6,641
up €6,641 (+13.4%), from €49,531 to €56,171
- Short-term financial debts +€1,597
new in 2025: €1,597
- Gross operating margin +€47,648
up €47,648 (+185%), from €25,695 to €73,343
- Taxes +€14,114
up €14,114 (+425%), from €3,322 to €17,436
- Other operating charges +€5,090
up €5,090 (+104%), from €4,889 to €9,979
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 | €132,712 | €133,159 | +€448 | +0.3% |
| Fixed assets | 21/28 | €38,674 | €38,385 | -€289 | -0.7% |
| Tangible fixed assets | 22/27 | €1,174 | €885 | -€289 | -24.6% |
| Furniture and vehicles | 24 | €1,174 | €885 | -€289 | -24.6% |
| Financial fixed assets | 28 | €37,500 | €37,500 | = | 0.0% |
| Current assets | 29/58 | €94,037 | €94,774 | +€736 | +0.8% |
| Amounts receivable within one year | 40/41 | €88,961 | €89,066 | +€105 | +0.1% |
| Trade receivables | 40 | €54,751 | €18,304 | -€36,447 | -66.6% |
| Other amounts receivable | 41 | €34,210 | €70,762 | +€36,552 | +107% |
| Cash at bank and in hand | 54/58 | €3,340 | €3,489 | +€149 | +4.5% |
| Deferred charges and accrued income | 490/1 | €1,737 | €2,219 | +€482 | +27.7% |
| Total equity and liabilities | 10/49 | €132,712 | €133,159 | +€448 | +0.3% |
| Equity | 10/15 | €50,031 | €56,671 | +€6,641 | +13.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,531 | €56,171 | +€6,641 | +13.4% |
| Amounts payable | 17/49 | €82,681 | €76,488 | -€6,193 | -7.5% |
| Amounts payable after more than one year | 17 | €12,500 | €12,500 | = | 0.0% |
| Other amounts payable | 178/9 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,181 | €63,988 | -€6,193 | -8.8% |
| Financial debts | 43 | - | €1,597 | +€1,597 | |
| Credit institutions | 430/8 | - | €1,597 | +€1,597 | |
| Trade debts | 44 | €35,408 | €18,076 | -€17,331 | -48.9% |
| Suppliers | 440/4 | €35,408 | €18,076 | -€17,331 | -48.9% |
| Taxes, remuneration and social security | 45 | €34,773 | €44,315 | +€9,542 | +27.4% |
| Taxes | 450/3 | €34,773 | €44,315 | +€9,542 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €914 | €289 | -€625 | -68.4% |
| Other operating charges | 640/8 | €4,889 | €9,979 | +€5,090 | +104% |
| Gross operating margin | 9900 | €25,695 | €73,343 | +€47,648 | +185% |
| Operating profit (loss) | 9901 | €19,892 | €63,075 | +€43,183 | +217% |
| Financial income | 75/76B | €1,738 | €2,219 | +€481 | +27.7% |
| Recurring financial income | 75 | €1,738 | €2,219 | +€481 | +27.7% |
| Financial charges | 65/66B | €796 | €1,217 | +€421 | +52.8% |
| Recurring financial charges | 65 | €796 | €1,217 | +€421 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €20,834 | €64,077 | +€43,242 | +208% |
| Income taxes | 67/77 | €3,322 | €17,436 | +€14,114 | +425% |
| Profit (loss) for the period | 9904 | €17,512 | €46,641 | +€29,128 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €17,512 | €46,641 | +€29,128 | +166% |
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 24 October 2026 via checked.be.