VERHAEG B2B: 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.
VERHAEG B2B
Largest movements
- Cash +€12,026
up €12,026 (+359%), from €3,350 to €15,377
mainly Other debts (+€75,937) and Net result for the year (+€5,900)
- Receivables within one year -€2,765
down €2,765 (-19.6%), from €14,118 to €11,353
of which Trade receivables: -€2,359
- Other debts +€75,937
up €75,937 (+1,079%), from €7,040 to €82,977
- Reserves -€72,540
down €72,540 (-97.5%), from €74,400 to €1,860
- Profit (loss) carried forward +€4,000
up €4,000, from -€3,984 to €16
- Tax, wage and social debts +€2,954
up €2,954 (+221%), from €1,334 to €4,287
- Trade debts -€1,691
down €1,691 (-77.7%), from €2,177 to €486
- Gross operating margin +€11,649
up €11,649, from -€2,596 to €9,054
- Taxes +€4,391
up €4,391 (+454%), from €967 to €5,358
- Other operating charges -€961
down €961 (-70.6%), from €1,361 to €400
- Depreciation -€545
no longer reported in 2025 (was €545)
- Financial charges +€279
up €279 (+55.4%), from €503 to €782
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 | €93,444 | €102,230 | +€8,785 | +9.4% |
| Current assets | 29/58 | €93,444 | €102,230 | +€8,785 | +9.4% |
| Amounts receivable after more than one year | 29 | €75,500 | €75,500 | = | 0.0% |
| Other amounts receivable | 291 | €75,500 | €75,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,118 | €11,353 | -€2,765 | -19.6% |
| Trade receivables | 40 | €13,541 | €11,181 | -€2,359 | -17.4% |
| Other amounts receivable | 41 | €578 | €172 | -€406 | -70.2% |
| Cash at bank and in hand | 54/58 | €3,350 | €15,377 | +€12,026 | +359% |
| Deferred charges and accrued income | 490/1 | €476 | - | -€476 | |
| Total equity and liabilities | 10/49 | €93,444 | €102,230 | +€8,785 | +9.4% |
| Equity | 10/15 | €82,816 | €14,276 | -€68,540 | -82.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,400 | €1,860 | -€72,540 | -97.5% |
| Distributable reserves | 133 | €74,400 | €1,860 | -€72,540 | -97.5% |
| Profit (loss) carried forward | 14 | -€3,984 | €16 | +€4,000 | |
| Amounts payable | 17/49 | €10,628 | €87,954 | +€77,326 | +728% |
| Amounts payable within one year | 42/48 | €10,551 | €87,750 | +€77,200 | +732% |
| Trade debts | 44 | €2,177 | €486 | -€1,691 | -77.7% |
| Suppliers | 440/4 | €2,177 | €486 | -€1,691 | -77.7% |
| Taxes, remuneration and social security | 45 | €1,334 | €4,287 | +€2,954 | +221% |
| Taxes | 450/3 | €1,334 | €4,287 | +€2,954 | +221% |
| Other amounts payable | 47/48 | €7,040 | €82,977 | +€75,937 | +1,079% |
| Accrued charges and deferred income | 492/3 | €78 | €204 | +€126 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | - | -€545 | |
| Other operating charges | 640/8 | €1,361 | €400 | -€961 | -70.6% |
| Gross operating margin | 9900 | -€2,596 | €9,054 | +€11,649 | |
| Operating profit (loss) | 9901 | -€4,502 | €8,654 | +€13,156 | |
| Financial income | 75/76B | €3,379 | €3,386 | +€8 | +0.2% |
| Recurring financial income | 75 | €3,379 | €3,386 | +€8 | +0.2% |
| Financial charges | 65/66B | €503 | €782 | +€279 | +55.4% |
| Recurring financial charges | 65 | €503 | €782 | +€279 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,627 | €11,258 | +€12,885 | |
| Income taxes | 67/77 | €967 | €5,358 | +€4,391 | +454% |
| Profit (loss) for the period | 9904 | -€2,594 | €5,900 | +€8,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,594 | €5,900 | +€8,493 |
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 21 October 2026 via checked.be.