VERHEES ENGINEERING: 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.
VERHEES ENGINEERING
Largest movements
- Cash +€115,148
up €115,148 (+188%), from €61,254 to €176,402
mainly Net result for the year (+€87,008) and Tax, wage and social debts (+€12,868)
- Receivables within one year -€8,940
down €8,940 (-98.9%), from €9,039 to €99
of which Trade receivables: -€7,400
- Reserves +€87,008
up €87,008 (+353%), from €24,622 to €111,630
- Tax, wage and social debts +€12,868
up €12,868 (+55.7%), from €23,107 to €35,975
of which Taxes: +€29,068
- Other debts +€8,134
up €8,134 (+61.7%), from €13,184 to €21,318
- Trade debts -€1,802
down €1,802 (-24.4%), from €7,381 to €5,579
- Gross operating margin +€71,191
up €71,191 (+157%), from €45,388 to €116,578
- Taxes +€22,911
up €22,911 (+372%), from €6,157 to €29,068
- Depreciation -€1,192
no longer reported in 2025 (was €1,192)
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 | €70,293 | €176,501 | +€106,208 | +151% |
| Current assets | 29/58 | €70,293 | €176,501 | +€106,208 | +151% |
| Amounts receivable within one year | 40/41 | €9,039 | €99 | -€8,940 | -98.9% |
| Trade receivables | 40 | €7,400 | - | -€7,400 | |
| Other amounts receivable | 41 | €1,639 | €99 | -€1,540 | -94.0% |
| Cash at bank and in hand | 54/58 | €61,254 | €176,402 | +€115,148 | +188% |
| Total equity and liabilities | 10/49 | €70,293 | €176,501 | +€106,208 | +151% |
| Equity | 10/15 | €26,622 | €113,630 | +€87,008 | +327% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,622 | €111,630 | +€87,008 | +353% |
| Distributable reserves | 133 | €24,622 | €111,630 | +€87,008 | +353% |
| Amounts payable | 17/49 | €43,671 | €62,871 | +€19,200 | +44.0% |
| Amounts payable within one year | 42/48 | €43,671 | €62,871 | +€19,200 | +44.0% |
| Trade debts | 44 | €7,381 | €5,579 | -€1,802 | -24.4% |
| Suppliers | 440/4 | €7,381 | €5,579 | -€1,802 | -24.4% |
| Taxes, remuneration and social security | 45 | €23,107 | €35,975 | +€12,868 | +55.7% |
| Taxes | 450/3 | €6,907 | €35,975 | +€29,068 | +421% |
| Remuneration and social security | 454/9 | €16,200 | - | -€16,200 | |
| Other amounts payable | 47/48 | €13,184 | €21,318 | +€8,134 | +61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | - | -€1,192 | |
| Other operating charges | 640/8 | €387 | €462 | +€74 | +19.2% |
| Gross operating margin | 9900 | €45,388 | €116,578 | +€71,191 | +157% |
| Operating profit (loss) | 9901 | €43,809 | €116,117 | +€72,308 | +165% |
| Financial charges | 65/66B | €30 | €40 | +€10 | +33.4% |
| Recurring financial charges | 65 | €30 | €40 | +€10 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €43,778 | €116,076 | +€72,298 | +165% |
| Income taxes | 67/77 | €6,157 | €29,068 | +€22,911 | +372% |
| Profit (loss) for the period | 9904 | €37,622 | €87,008 | +€49,387 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €37,622 | €87,008 | +€49,387 | +131% |
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 18 October 2026 via checked.be.