Verelst Wim: 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.
Verelst Wim
Largest movements
- Receivables within one year -€6,538
down €6,538 (-15.5%), from €42,314 to €35,775
of which Trade receivables: -€15,449
- Reserves +€27,925
up €27,925 (+20.8%), from €134,331 to €162,256
- Debts after one year -€25,537
down €25,537 (-26.3%), from €97,131 to €71,594
- Trade debts -€11,024
down €11,024 (-66.4%), from €16,604 to €5,580
- Tax, wage and social debts +€3,114
up €3,114 (+26.3%), from €11,845 to €14,959
- Gross operating margin +€13,909
up €13,909 (+47.6%), from €29,243 to €43,152
- Taxes +€3,744
up €3,744 (+56.9%), from €6,583 to €10,327
- Depreciation -€1,606
down €1,606 (-47.9%), from €3,353 to €1,747
- Other operating charges +€1,309
up €1,309 (+89.6%), from €1,461 to €2,769
- Financial charges -€590
down €590 (-60.3%), from €978 to €388
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 | €279,911 | €274,389 | -€5,522 | -2.0% |
| Fixed assets | 21/28 | €134,432 | €132,685 | -€1,747 | -1.3% |
| Tangible fixed assets | 22/27 | €4,232 | €2,485 | -€1,747 | -41.3% |
| Plant, machinery and equipment | 23 | €2,047 | €1,256 | -€791 | -38.7% |
| Furniture and vehicles | 24 | €2,186 | €1,230 | -€956 | -43.7% |
| Financial fixed assets | 28 | €130,200 | €130,200 | = | 0.0% |
| Current assets | 29/58 | €145,478 | €141,703 | -€3,775 | -2.6% |
| Stocks and contracts in progress | 3 | €17,130 | €19,325 | +€2,196 | +12.8% |
| Stocks | 30/36 | €17,130 | €19,325 | +€2,196 | +12.8% |
| Amounts receivable within one year | 40/41 | €42,314 | €35,775 | -€6,538 | -15.5% |
| Trade receivables | 40 | €40,264 | €24,815 | -€15,449 | -38.4% |
| Other amounts receivable | 41 | €2,050 | €10,961 | +€8,911 | +435% |
| Cash at bank and in hand | 54/58 | €85,794 | €86,351 | +€556 | +0.6% |
| Deferred charges and accrued income | 490/1 | €241 | €252 | +€11 | +4.7% |
| Total equity and liabilities | 10/49 | €279,911 | €274,389 | -€5,522 | -2.0% |
| Equity | 10/15 | €154,331 | €182,256 | +€27,925 | +18.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €134,331 | €162,256 | +€27,925 | +20.8% |
| Distributable reserves | 133 | €134,331 | €162,256 | +€27,925 | +20.8% |
| Amounts payable | 17/49 | €125,580 | €92,133 | -€33,446 | -26.6% |
| Amounts payable after more than one year | 17 | €97,131 | €71,594 | -€25,537 | -26.3% |
| Other amounts payable | 178/9 | €97,131 | €71,594 | -€25,537 | -26.3% |
| Amounts payable within one year | 42/48 | €28,449 | €20,540 | -€7,910 | -27.8% |
| Trade debts | 44 | €16,604 | €5,580 | -€11,024 | -66.4% |
| Suppliers | 440/4 | €16,604 | €5,580 | -€11,024 | -66.4% |
| Taxes, remuneration and social security | 45 | €11,845 | €14,959 | +€3,114 | +26.3% |
| Taxes | 450/3 | €11,845 | €14,959 | +€3,114 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,353 | €1,747 | -€1,606 | -47.9% |
| Other operating charges | 640/8 | €1,461 | €2,769 | +€1,309 | +89.6% |
| Gross operating margin | 9900 | €29,243 | €43,152 | +€13,909 | +47.6% |
| Operating profit (loss) | 9901 | €24,430 | €38,636 | +€14,206 | +58.1% |
| Financial income | 75/76B | €8 | €4 | -€4 | -49.5% |
| Recurring financial income | 75 | €8 | €4 | -€4 | -49.5% |
| Financial charges | 65/66B | €978 | €388 | -€590 | -60.3% |
| Recurring financial charges | 65 | €978 | €388 | -€590 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €23,459 | €38,252 | +€14,792 | +63.1% |
| Income taxes | 67/77 | €6,583 | €10,327 | +€3,744 | +56.9% |
| Profit (loss) for the period | 9904 | €16,876 | €27,925 | +€11,049 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,876 | €27,925 | +€11,049 | +65.5% |
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 27 October 2026 via checked.be.