VERHASSELT & CO: 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.
VERHASSELT & CO
Largest movements
- Receivables within one year -€22,585
down €22,585 (-36.3%), from €62,206 to €39,621
of which Trade receivables: -€11,922
- Stocks and contracts +€11,228
up €11,228 (+15.6%), from €71,938 to €83,166
- Cash +€8,123
up €8,123 (+10.9%), from €74,697 to €82,821
mainly Receivables within one year (+€22,585) and Other debts (+€21,498)
- Tangible fixed assets -€2,665
down €2,665 (-26.9%), from €9,896 to €7,231
of which Plant, machinery and equipment: -€1,406
- Deferred charges and accrued income -€2,356
down €2,356 (-18.2%), from €12,914 to €10,558
- Trade debts -€24,021
down €24,021 (-21.1%), from €113,810 to €89,788
- Other debts +€21,498
up €21,498, from €0 to €21,498
- Reserves -€7,966
down €7,966 (-7.6%), from €105,512 to €97,545
- Gross operating margin +€30,660
up €30,660 (+132%), from €23,191 to €53,851
- Taxes +€3,659
up €3,659 (+2,116%), from €173 to €3,832
- Financial charges +€2,446
up €2,446 (+21.4%), from €11,430 to €13,876
- Staff costs +€1,528
up €1,528 (+9.3%), from €16,422 to €17,950
- Other operating charges +€553
up €553 (+39.1%), from €1,414 to €1,968
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 | €231,651 | €223,396 | -€8,254 | -3.6% |
| Fixed assets | 21/28 | €9,896 | €7,231 | -€2,665 | -26.9% |
| Tangible fixed assets | 22/27 | €9,896 | €7,231 | -€2,665 | -26.9% |
| Plant, machinery and equipment | 23 | €2,457 | €1,050 | -€1,406 | -57.3% |
| Furniture and vehicles | 24 | €1,200 | €605 | -€595 | -49.6% |
| Other tangible fixed assets | 26 | €6,240 | €5,577 | -€664 | -10.6% |
| Current assets | 29/58 | €221,755 | €216,165 | -€5,589 | -2.5% |
| Stocks and contracts in progress | 3 | €71,938 | €83,166 | +€11,228 | +15.6% |
| Stocks | 30/36 | €71,938 | €83,166 | +€11,228 | +15.6% |
| Amounts receivable within one year | 40/41 | €62,206 | €39,621 | -€22,585 | -36.3% |
| Trade receivables | 40 | €12,397 | €475 | -€11,922 | -96.2% |
| Other amounts receivable | 41 | €49,809 | €39,146 | -€10,663 | -21.4% |
| Cash at bank and in hand | 54/58 | €74,697 | €82,821 | +€8,123 | +10.9% |
| Deferred charges and accrued income | 490/1 | €12,914 | €10,558 | -€2,356 | -18.2% |
| Total equity and liabilities | 10/49 | €231,651 | €223,396 | -€8,254 | -3.6% |
| Equity | 10/15 | €111,712 | €103,745 | -€7,966 | -7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,512 | €97,545 | -€7,966 | -7.6% |
| Distributable reserves | 133 | €105,512 | €97,545 | -€7,966 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,939 | €119,651 | -€288 | -0.2% |
| Amounts payable within one year | 42/48 | €119,939 | €119,651 | -€288 | -0.2% |
| Trade debts | 44 | €113,810 | €89,788 | -€24,021 | -21.1% |
| Suppliers | 440/4 | €113,810 | €89,788 | -€24,021 | -21.1% |
| Taxes, remuneration and social security | 45 | €6,130 | €8,364 | +€2,235 | +36.5% |
| Taxes | 450/3 | €1,874 | €3,985 | +€2,111 | +113% |
| Remuneration and social security | 454/9 | €4,255 | €4,380 | +€124 | +2.9% |
| Other amounts payable | 47/48 | €0 | €21,498 | +€21,498 | |
| Remuneration, social security and pensions | 62 | €16,422 | €17,950 | +€1,528 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,718 | €2,665 | -€53 | -1.9% |
| Other operating charges | 640/8 | €1,414 | €1,968 | +€553 | +39.1% |
| Non-recurring operating charges | 66A | €6,010 | €2,500 | -€3,510 | -58.4% |
| Gross operating margin | 9900 | €23,191 | €53,851 | +€30,660 | +132% |
| Operating profit (loss) | 9901 | -€3,373 | €28,769 | +€32,141 | |
| Financial income | 75/76B | €2,296 | €2,471 | +€175 | +7.6% |
| Recurring financial income | 75 | €2,296 | €2,471 | +€175 | +7.6% |
| Financial charges | 65/66B | €11,430 | €13,876 | +€2,446 | +21.4% |
| Recurring financial charges | 65 | €11,430 | €13,876 | +€2,446 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,507 | €17,364 | +€29,871 | |
| Income taxes | 67/77 | €173 | €3,832 | +€3,659 | +2,116% |
| Profit (loss) for the period | 9904 | -€12,680 | €13,532 | +€26,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,680 | €13,532 | +€26,212 |
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 16 October 2026 via checked.be.