Verbauwhede Logistics: what changed
What changed
Verbauwhede Logistics
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€88,452
2024 · €92,813-€4,362
Equity
€2.7m
2024 · €2.7m-€11,548
Cash
€52,237
2024 · €54,278-€2,041
Balance sheet total
€2.7m
2024 · €2.7m-€19,864
Largest movements
Assets
- Tangible fixed assets -€58,854
down €58,854 (-2.4%), from €2.5m to €2.4m
- Current investments +€45,000
up €45,000 (+29.0%), from €155,000 to €200,000
Equity and liabilities
- Revaluation surpluses -€39,490
down €39,490 (-2.5%), from €1.6m to €1.6m
- Reserves +€27,942
up €27,942 (+3.8%), from €733,958 to €761,900
of which Distributable reserves: +€23,519
Income statement
- Gross operating margin -€7,154
down €7,154 (-2.9%), from €247,111 to €239,956
- Financial charges -€3,356
down €3,356 (-82.0%), from €4,094 to €738
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
€92,813
Gross operating margin
-€7,154
Depreciation
-€168
Other operating charges
-€830
Financial income
-€143
Financial charges
+€3,356
Taxes
+€576
Result 2025
€88,452
raises the resultlowers the result
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
+€168,059
Investment
-€70,100
Financing
-€100,000
Cash 2024
€54,278
From operations (derived)
+€168,059
Net result for the year
+€88,452
Depreciation
+€83,954
Receivables within one year
+€3,435
Deferred charges and accrued income
+€533
Trade debts
+€312
Tax, wage and social debts
-€5,850
Other debts
-€2,802
Accrued charges and deferred income
+€25
Investment (derived)
-€70,100
Investment in fixed assets (net)
-€25,100
Current investments
-€45,000
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€52,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,743,535 | €2,723,671 | -€19,864 | -0.7% |
| Fixed assets | 21/28 | €2,494,696 | €2,435,841 | -€58,854 | -2.4% |
| Tangible fixed assets | 22/27 | €2,494,696 | €2,435,841 | -€58,854 | -2.4% |
| Land and buildings | 22 | €2,494,696 | €2,435,841 | -€58,854 | -2.4% |
| Current assets | 29/58 | €248,839 | €287,830 | +€38,991 | +15.7% |
| Amounts receivable within one year | 40/41 | €33,075 | €29,640 | -€3,435 | -10.4% |
| Trade receivables | 40 | €9,075 | €29,638 | +€20,563 | +227% |
| Other amounts receivable | 41 | €24,000 | €2 | -€23,998 | -100.0% |
| Current investments | 50/53 | €155,000 | €200,000 | +€45,000 | +29.0% |
| Cash at bank and in hand | 54/58 | €54,278 | €52,237 | -€2,041 | -3.8% |
| Deferred charges and accrued income | 490/1 | €6,486 | €5,954 | -€533 | -8.2% |
| Total equity and liabilities | 10/49 | €2,743,535 | €2,723,671 | -€19,864 | -0.7% |
| Equity | 10/15 | €2,720,431 | €2,708,883 | -€11,548 | -0.4% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,611,473 | €1,571,983 | -€39,490 | -2.5% |
| Reserves | 13 | €733,958 | €761,900 | +€27,942 | +3.8% |
| Non-distributable reserves | 130/1 | €24,585 | €29,008 | +€4,423 | +18.0% |
| Legal reserve | 130 | €24,585 | €29,008 | +€4,423 | +18.0% |
| Distributable reserves | 133 | €709,373 | €732,892 | +€23,519 | +3.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,103 | €14,788 | -€8,315 | -36.0% |
| Amounts payable within one year | 42/48 | €22,297 | €13,956 | -€8,341 | -37.4% |
| Trade debts | 44 | €2,125 | €2,437 | +€312 | +14.7% |
| Suppliers | 440/4 | €2,125 | €2,437 | +€312 | +14.7% |
| Taxes, remuneration and social security | 45 | €14,073 | €8,223 | -€5,850 | -41.6% |
| Taxes | 450/3 | €14,073 | €8,223 | -€5,850 | -41.6% |
| Other amounts payable | 47/48 | €6,099 | €3,296 | -€2,802 | -46.0% |
| Accrued charges and deferred income | 492/3 | €806 | €832 | +€25 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,787 | €83,954 | +€168 | +0.2% |
| Other operating charges | 640/8 | €26,424 | €27,253 | +€830 | +3.1% |
| Gross operating margin | 9900 | €247,111 | €239,956 | -€7,154 | -2.9% |
| Operating profit (loss) | 9901 | €136,901 | €128,749 | -€8,152 | -6.0% |
| Financial income | 75/76B | €4,359 | €4,217 | -€143 | -3.3% |
| Recurring financial income | 75 | €4,359 | €4,217 | -€143 | -3.3% |
| Financial charges | 65/66B | €4,094 | €738 | -€3,356 | -82.0% |
| Recurring financial charges | 65 | €4,094 | €738 | -€3,356 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €137,165 | €132,227 | -€4,938 | -3.6% |
| Income taxes | 67/77 | €44,352 | €43,776 | -€576 | -1.3% |
| Profit (loss) for the period | 9904 | €92,813 | €88,452 | -€4,362 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,813 | €88,452 | -€4,362 | -4.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.