VERHELLE MAINTENANCE: 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.
VERHELLE MAINTENANCE
Largest movements
- Cash +€46,706
up €46,706 (+24.7%), from €188,724 to €235,429
mainly Net result for the year (+€22,192) and Receivables within one year (+€10,857)
- Receivables within one year -€10,857
down €10,857 (-22.8%), from €47,672 to €36,814
of which Trade receivables: -€10,769
- Reserves +€22,192
up €22,192 (+20.3%), from €109,539 to €131,731
- Other debts +€10,768
up €10,768 (+12.0%), from €89,716 to €100,485
- Gross operating margin -€5,841
down €5,841 (-10.8%), from €53,975 to €48,134
- Other operating charges +€4,098
up €4,098 (+159%), from €2,573 to €6,671
- Depreciation -€3,150
down €3,150 (-83.0%), from €3,796 to €646
- Taxes -€2,278
down €2,278 (-16.5%), from €13,791 to €11,513
- Financial charges -€903
down €903 (-11.3%), from €8,014 to €7,111
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 | €248,084 | €283,355 | +€35,272 | +14.2% |
| Fixed assets | 21/28 | €1,146 | €500 | -€646 | -56.4% |
| Tangible fixed assets | 22/27 | €646 | €0 | -€646 | -100% |
| Furniture and vehicles | 24 | €646 | €0 | -€646 | -100% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €246,938 | €282,855 | +€35,918 | +14.5% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,672 | €36,814 | -€10,857 | -22.8% |
| Trade receivables | 40 | €47,583 | €36,814 | -€10,769 | -22.6% |
| Other amounts receivable | 41 | €88 | €0 | -€88 | -100% |
| Cash at bank and in hand | 54/58 | €188,724 | €235,429 | +€46,706 | +24.7% |
| Deferred charges and accrued income | 490/1 | €543 | €612 | +€69 | +12.8% |
| Total equity and liabilities | 10/49 | €248,084 | €283,355 | +€35,272 | +14.2% |
| Equity | 10/15 | €134,328 | €156,521 | +€22,192 | +16.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €109,539 | €131,731 | +€22,192 | +20.3% |
| Distributable reserves | 133 | €109,539 | €131,731 | +€22,192 | +20.3% |
| Amounts payable | 17/49 | €113,755 | €126,835 | +€13,080 | +11.5% |
| Amounts payable within one year | 42/48 | €106,557 | €120,594 | +€14,037 | +13.2% |
| Trade debts | 44 | €397 | €1,632 | +€1,235 | +311% |
| Suppliers | 440/4 | €397 | €1,632 | +€1,235 | +311% |
| Taxes, remuneration and social security | 45 | €16,444 | €18,478 | +€2,034 | +12.4% |
| Taxes | 450/3 | €16,444 | €18,478 | +€2,034 | +12.4% |
| Other amounts payable | 47/48 | €89,716 | €100,485 | +€10,768 | +12.0% |
| Accrued charges and deferred income | 492/3 | €7,199 | €6,241 | -€957 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,796 | €646 | -€3,150 | -83.0% |
| Other operating charges | 640/8 | €2,573 | €6,671 | +€4,098 | +159% |
| Gross operating margin | 9900 | €53,975 | €48,134 | -€5,841 | -10.8% |
| Operating profit (loss) | 9901 | €47,606 | €40,817 | -€6,789 | -14.3% |
| Financial charges | 65/66B | €8,014 | €7,111 | -€903 | -11.3% |
| Recurring financial charges | 65 | €8,014 | €7,111 | -€903 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €39,592 | €33,706 | -€5,886 | -14.9% |
| Income taxes | 67/77 | €13,791 | €11,513 | -€2,278 | -16.5% |
| Profit (loss) for the period | 9904 | €25,800 | €22,192 | -€3,608 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,800 | €22,192 | -€3,608 | -14.0% |
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 25 October 2026 via checked.be.