VERHAMME & VERHAMME: 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.
What changed
VERHAMME & VERHAMME
NACE 66.191, Agents and brokers in banking services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,341
2024 · €27,887+€454
Equity
€1.0m
2024 · €987,644+€28,341
Cash
€25,298
2024 · €34,351-€9,053
Balance sheet total
€1.6m
2024 · €1.7m-€114,568
Largest movements
Assets
- Intangible fixed assets -€66,841
down €66,841 (-20.9%), from €319,868 to €253,026
- Current investments -€57,568
down €57,568 (-25.6%), from €224,458 to €166,889
Equity and liabilities
- Trade debts -€63,134
down €63,134 (-54.6%), from €115,638 to €52,504
- Debts after one year -€61,520
down €61,520 (-34.5%), from €178,408 to €116,888
- Reserves +€28,341
up €28,341 (+12.5%), from €226,652 to €254,993
- Current portion of long-term debt -€26,603
down €26,603 (-25.8%), from €103,124 to €76,520
Income statement
- Gross operating margin -€112,811
down €112,811 (-29.7%), from €380,236 to €267,425
- Staff costs -€78,823
down €78,823 (-33.0%), from €239,056 to €160,233
- Financial charges -€5,417
down €5,417 (-33.6%), from €16,107 to €10,691
- Financial income -€3,843
down €3,843 (-8.5%), from €45,392 to €41,549
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.
Result 2024
€27,887
Gross operating margin
-€112,811
Staff costs
+€78,823
Depreciation
+€1,638
Other operating charges
+€3,462
Other operating items
+€28,058
Financial income
-€3,843
Financial charges
+€5,417
Taxes
-€289
Result 2025
€28,341
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€38,919
Investment
+€40,152
Financing
-€88,124
Cash 2024
€34,351
From operations (derived)
+€38,919
Net result for the year
+€28,341
Depreciation
+€71,980
Receivables within one year
-€7,061
Deferred charges and accrued income
+€445
Trade debts
-€63,134
Tax, wage and social debts
-€4,563
Other debts
-€2,823
Accrued charges and deferred income
+€15,735
Investment (derived)
+€40,152
Investment in fixed assets (net)
-€17,416
Current investments
+€57,568
Financing
-€88,124
Debts after one year
-€61,520
Current portion of long-term debt
-€26,603
Cash 2025
€25,298
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,671,154 | €1,556,586 | -€114,568 | -6.9% |
| Fixed assets | 21/28 | €1,242,025 | €1,187,462 | -€54,563 | -4.4% |
| Intangible fixed assets | 21 | €319,868 | €253,026 | -€66,841 | -20.9% |
| Tangible fixed assets | 22/27 | €11,008 | €23,286 | +€12,278 | +112% |
| Plant, machinery and equipment | 23 | €7,023 | €9,193 | +€2,169 | +30.9% |
| Furniture and vehicles | 24 | €3,984 | €14,093 | +€10,109 | +254% |
| Financial fixed assets | 28 | €911,150 | €911,150 | = | 0.0% |
| Current assets | 29/58 | €429,129 | €369,124 | -€60,005 | -14.0% |
| Amounts receivable within one year | 40/41 | €169,111 | €176,173 | +€7,061 | +4.2% |
| Trade receivables | 40 | €114,747 | €133,776 | +€19,030 | +16.6% |
| Other amounts receivable | 41 | €54,365 | €42,397 | -€11,968 | -22.0% |
| Current investments | 50/53 | €224,458 | €166,889 | -€57,568 | -25.6% |
| Cash at bank and in hand | 54/58 | €34,351 | €25,298 | -€9,053 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,208 | €763 | -€445 | -36.8% |
| Total equity and liabilities | 10/49 | €1,671,154 | €1,556,586 | -€114,568 | -6.9% |
| Equity | 10/15 | €987,644 | €1,015,985 | +€28,341 | +2.9% |
| Contributions | 10/11 | €760,992 | €760,992 | = | 0.0% |
| Reserves | 13 | €226,652 | €254,993 | +€28,341 | +12.5% |
| Distributable reserves | 133 | €226,652 | €254,993 | +€28,341 | +12.5% |
| Amounts payable | 17/49 | €683,510 | €540,601 | -€142,909 | -20.9% |
| Amounts payable after more than one year | 17 | €178,408 | €116,888 | -€61,520 | -34.5% |
| Financial debts | 170/4 | €178,408 | €116,888 | -€61,520 | -34.5% |
| Amounts payable within one year | 42/48 | €450,811 | €353,687 | -€97,124 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €103,124 | €76,520 | -€26,603 | -25.8% |
| Trade debts | 44 | €115,638 | €52,504 | -€63,134 | -54.6% |
| Suppliers | 440/4 | €115,638 | €52,504 | -€63,134 | -54.6% |
| Taxes, remuneration and social security | 45 | €39,521 | €34,958 | -€4,563 | -11.5% |
| Taxes | 450/3 | €12,200 | €9,719 | -€2,481 | -20.3% |
| Remuneration and social security | 454/9 | €27,321 | €25,239 | -€2,082 | -7.6% |
| Other amounts payable | 47/48 | €192,528 | €189,704 | -€2,823 | -1.5% |
| Accrued charges and deferred income | 492/3 | €54,292 | €70,026 | +€15,735 | +29.0% |
| Non-recurring operating income | 76A | €110,000 | - | -€110,000 | |
| Remuneration, social security and pensions | 62 | €239,056 | €160,233 | -€78,823 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,618 | €71,980 | -€1,638 | -2.2% |
| Other operating charges | 640/8 | €7,882 | €4,420 | -€3,462 | -43.9% |
| Non-recurring operating charges | 66A | €43,589 | €15,531 | -€28,058 | -64.4% |
| Gross operating margin | 9900 | €380,236 | €267,425 | -€112,811 | -29.7% |
| Operating profit (loss) | 9901 | €16,092 | €15,262 | -€830 | -5.2% |
| Financial income | 75/76B | €45,392 | €41,549 | -€3,843 | -8.5% |
| Recurring financial income | 75 | €45,392 | €41,549 | -€3,843 | -8.5% |
| Financial charges | 65/66B | €16,107 | €10,691 | -€5,417 | -33.6% |
| Recurring financial charges | 65 | €16,107 | €10,691 | -€5,417 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €45,377 | €46,120 | +€744 | +1.6% |
| Income taxes | 67/77 | €17,489 | €17,779 | +€289 | +1.7% |
| Profit (loss) for the period | 9904 | €27,887 | €28,341 | +€454 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,887 | €28,341 | +€454 | +1.6% |
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 28 October 2026 via checked.be.