Verbraeken Projects: what changed
Two fiscal 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.
Verbraeken Projects
Largest movements
- Receivables within one year +€82,664
up €82,664 (+106.6%), from €77,579 to €160,243
of which Other amounts receivable: +€66,450
- Cash -€22,984
down €22,984 (-83.2%), from €27,617 to €4,633
mainly Receivables within one year (-€82,664) and Contributions, distributions and other (-€17,000)
- Profit (loss) carried forward +€31,409
up €31,409 (+133.0%), from €23,611 to €55,020
- Tax, wage and social debts +€20,464
up €20,464 (+35.2%), from €58,071 to €78,535
- Other debts +€16,649
up €16,649 (+4743.4%), from €351 to €17,000
- Trade debts -€10,030
down €10,030 (-46.5%), from €21,555 to €11,525
- Gross operating margin +€37,225
up €37,225 (+92.6%), from €40,203 to €77,428
- Financial income +€3,595
up €3,595 (+140.2%), from €2,564 to €6,159
- Taxes -€1,661
down €1,661 (-14.2%), from €11,671 to €10,009
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,588 | €167,079 | +€58,491 | +53.9% |
| Fixed assets | 21/28 | €3,392 | €2,053 | -€1,339 | -39.5% |
| Tangible fixed assets | 22/27 | €3,392 | €2,053 | -€1,339 | -39.5% |
| Plant, machinery and equipment | 23 | €3,392 | €2,053 | -€1,339 | -39.5% |
| Current assets | 29/58 | €105,196 | €165,026 | +€59,830 | +56.9% |
| Amounts receivable within one year | 40/41 | €77,579 | €160,243 | +€82,664 | +106.6% |
| Trade receivables | 40 | €11,666 | €27,880 | +€16,214 | +139.0% |
| Other amounts receivable | 41 | €65,913 | €132,363 | +€66,450 | +100.8% |
| Cash at bank and in hand | 54/58 | €27,617 | €4,633 | -€22,984 | -83.2% |
| Deferred charges and accrued income | 490/1 | - | €150 | +€150 | |
| Total equity and liabilities | 10/49 | €108,588 | €167,079 | +€58,491 | +53.9% |
| Equity | 10/15 | €28,611 | €60,020 | +€31,409 | +109.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,611 | €55,020 | +€31,409 | +133.0% |
| Amounts payable | 17/49 | €79,977 | €107,060 | +€27,082 | +33.9% |
| Amounts payable within one year | 42/48 | €79,977 | €107,060 | +€27,082 | +33.9% |
| Trade debts | 44 | €21,555 | €11,525 | -€10,030 | -46.5% |
| Suppliers | 440/4 | €21,555 | €11,525 | -€10,030 | -46.5% |
| Taxes, remuneration and social security | 45 | €58,071 | €78,535 | +€20,464 | +35.2% |
| Taxes | 450/3 | €58,071 | €78,535 | +€20,464 | +35.2% |
| Other amounts payable | 47/48 | €351 | €17,000 | +€16,649 | +4743.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €1,339 | +€386 | +40.6% |
| Other operating charges | 640/8 | €557 | €928 | +€371 | +66.7% |
| Gross operating margin | 9900 | €40,203 | €77,428 | +€37,225 | +92.6% |
| Operating profit (loss) | 9901 | €38,694 | €75,161 | +€36,468 | +94.2% |
| Financial income | 75/76B | €2,564 | €6,159 | +€3,595 | +140.2% |
| Recurring financial income | 75 | €2,564 | €6,159 | +€3,595 | +140.2% |
| Financial charges | 65/66B | €22,496 | €22,902 | +€407 | +1.8% |
| Recurring financial charges | 65 | €2,982 | €22,902 | +€19,920 | +667.9% |
| Non-recurring financial charges | 66B | €19,513 | €0 | -€19,513 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €18,763 | €58,418 | +€39,656 | +211.4% |
| Income taxes | 67/77 | €11,671 | €10,009 | -€1,661 | -14.2% |
| Profit (loss) for the period | 9904 | €7,092 | €48,409 | +€41,317 | +582.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,092 | €48,409 | +€41,317 | +582.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.