VERHA & C°: what changed
VERHA & C°
Largest movements
- Receivables within one year +€57,000
new in 2025: €57,000
- Deferred charges and accrued income -€55,508
no longer reported in 2025 (was €55,508)
- Cash +€3,311
up €3,311 (+7.9%), from €41,898 to €45,210
mainly Net result for the year (+€64,394) and Deferred charges and accrued income (+€55,508)
- Tax, wage and social debts -€21,488
down €21,488 (-48.0%), from €44,748 to €23,260
- Trade debts +€21,404
up €21,404 (+1,452%), from €1,475 to €22,879
- Reserves +€9,704
up €9,704 (+30.4%), from €31,881 to €41,585
- Short-term financial debts -€5,210
no longer reported in 2025 (was €5,210)
- Gross operating margin +€12,142
up €12,142 (+16.6%), from €73,360 to €85,502
- Taxes -€7,500
down €7,500 (-27.2%), from €27,553 to €20,053
- Financial income -€907
down €907 (-35.9%), from €2,523 to €1,616
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,773 | €108,183 | +€4,411 | +4.3% |
| Fixed assets | 21/28 | €6,366 | €5,974 | -€392 | -6.2% |
| Tangible fixed assets | 22/27 | €6,366 | €5,974 | -€392 | -6.2% |
| Land and buildings | 22 | €6,366 | €5,974 | -€392 | -6.2% |
| Current assets | 29/58 | €97,407 | €102,210 | +€4,803 | +4.9% |
| Amounts receivable within one year | 40/41 | - | €57,000 | +€57,000 | |
| Other amounts receivable | 41 | - | €57,000 | +€57,000 | |
| Cash at bank and in hand | 54/58 | €41,898 | €45,210 | +€3,311 | +7.9% |
| Deferred charges and accrued income | 490/1 | €55,508 | - | -€55,508 | |
| Total equity and liabilities | 10/49 | €103,773 | €108,183 | +€4,411 | +4.3% |
| Equity | 10/15 | €52,341 | €62,045 | +€9,704 | +18.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €31,881 | €41,585 | +€9,704 | +30.4% |
| Distributable reserves | 133 | €31,881 | €41,585 | +€9,704 | +30.4% |
| Amounts payable | 17/49 | €51,432 | €46,138 | -€5,294 | -10.3% |
| Amounts payable within one year | 42/48 | €51,432 | €46,138 | -€5,294 | -10.3% |
| Financial debts | 43 | €5,210 | - | -€5,210 | |
| Credit institutions | 430/8 | €5,210 | - | -€5,210 | |
| Trade debts | 44 | €1,475 | €22,879 | +€21,404 | +1,452% |
| Suppliers | 440/4 | €1,475 | €22,879 | +€21,404 | +1,452% |
| Taxes, remuneration and social security | 45 | €44,748 | €23,260 | -€21,488 | -48.0% |
| Taxes | 450/3 | €44,748 | €23,260 | -€21,488 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €392 | = | 0.0% |
| Other operating charges | 640/8 | €1,392 | €1,861 | +€469 | +33.7% |
| Gross operating margin | 9900 | €73,360 | €85,502 | +€12,142 | +16.6% |
| Operating profit (loss) | 9901 | €71,576 | €83,249 | +€11,673 | +16.3% |
| Financial income | 75/76B | €2,523 | €1,616 | -€907 | -35.9% |
| Recurring financial income | 75 | €2,523 | €1,616 | -€907 | -35.9% |
| Financial charges | 65/66B | €665 | €417 | -€248 | -37.2% |
| Recurring financial charges | 65 | €665 | €417 | -€248 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €73,434 | €84,448 | +€11,014 | +15.0% |
| Income taxes | 67/77 | €27,553 | €20,053 | -€7,500 | -27.2% |
| Profit (loss) for the period | 9904 | €45,881 | €64,394 | +€18,513 | +40.4% |
| Transfer from tax-exempt reserves | 789 | €324 | - | -€324 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,205 | €64,394 | +€18,189 | +39.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.