VERHASSELT GROUP: 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 GROUP
Largest movements
- Receivables within one year +€33,046
up €33,046 (+195%), from €16,981 to €50,027
of which Trade receivables: +€22,130
- Cash -€12,355
down €12,355 (-70.2%), from €17,595 to €5,240
mainly Receivables within one year (-€33,046) and Investment in fixed assets (net) (-€27,191)
- Tangible fixed assets +€4,829
up €4,829 (+22.4%), from €21,521 to €26,350
of which Furniture and vehicles: +€5,744
- Tax, wage and social debts +€17,120
up €17,120 (+177%), from €9,688 to €26,808
- Profit (loss) carried forward +€14,420
up €14,420 (+49.3%), from €29,232 to €43,652
- Advances received -€11,752
down €11,752 (-100%), from €11,752 to €0
- Trade debts +€5,657
new in 2024: €5,657
- Gross operating margin -€24,264
down €24,264 (-34.3%), from €70,710 to €46,446
- Other operating charges -€7,604
down €7,604 (-77.2%), from €9,849 to €2,245
- Taxes -€2,391
down €2,391 (-24.7%), from €9,687 to €7,296
- Depreciation +€1,122
up €1,122 (+5.3%), from €21,240 to €22,362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,172 | €81,617 | +€25,445 | +45.3% |
| Fixed assets | 21/28 | €21,521 | €26,350 | +€4,829 | +22.4% |
| Tangible fixed assets | 22/27 | €21,521 | €26,350 | +€4,829 | +22.4% |
| Plant, machinery and equipment | 23 | €915 | €0 | -€915 | -100% |
| Furniture and vehicles | 24 | €20,606 | €26,350 | +€5,744 | +27.9% |
| Current assets | 29/58 | €34,651 | €55,267 | +€20,616 | +59.5% |
| Amounts receivable within one year | 40/41 | €16,981 | €50,027 | +€33,046 | +195% |
| Trade receivables | 40 | €3,922 | €26,052 | +€22,130 | +564% |
| Other amounts receivable | 41 | €13,059 | €23,975 | +€10,916 | +83.6% |
| Cash at bank and in hand | 54/58 | €17,595 | €5,240 | -€12,355 | -70.2% |
| Deferred charges and accrued income | 490/1 | €75 | €0 | -€75 | -100% |
| Total equity and liabilities | 10/49 | €56,172 | €81,617 | +€25,445 | +45.3% |
| Equity | 10/15 | €34,732 | €49,152 | +€14,420 | +41.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,232 | €43,652 | +€14,420 | +49.3% |
| Amounts payable | 17/49 | €21,440 | €32,465 | +€11,025 | +51.4% |
| Amounts payable within one year | 42/48 | €21,440 | €32,465 | +€11,025 | +51.4% |
| Trade debts | 44 | - | €5,657 | +€5,657 | |
| Suppliers | 440/4 | - | €5,657 | +€5,657 | |
| Advances received on contracts in progress | 46 | €11,752 | €0 | -€11,752 | -100% |
| Taxes, remuneration and social security | 45 | €9,688 | €26,808 | +€17,120 | +177% |
| Taxes | 450/3 | €9,688 | €26,808 | +€17,120 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,240 | €22,362 | +€1,122 | +5.3% |
| Other operating charges | 640/8 | €9,849 | €2,245 | -€7,604 | -77.2% |
| Gross operating margin | 9900 | €70,710 | €46,446 | -€24,264 | -34.3% |
| Operating profit (loss) | 9901 | €39,621 | €21,839 | -€17,782 | -44.9% |
| Financial income | 75/76B | - | €188 | +€188 | |
| Recurring financial income | 75 | - | €188 | +€188 | |
| Financial charges | 65/66B | €202 | €311 | +€109 | +54.0% |
| Recurring financial charges | 65 | €202 | €311 | +€109 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €39,419 | €21,716 | -€17,703 | -44.9% |
| Income taxes | 67/77 | €9,687 | €7,296 | -€2,391 | -24.7% |
| Profit (loss) for the period | 9904 | €29,732 | €14,420 | -€15,312 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,732 | €14,420 | -€15,312 | -51.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.