Verhelst Building: what changed
Verhelst Building
Largest movements
- Cash +€50,142
up €50,142 (+51.7%), from €96,930 to €147,071
mainly Other debts (+€52,652) and Receivables within one year (+€27,601)
- Receivables within one year -€27,601
down €27,601 (-87.2%), from €31,639 to €4,039
of which Trade receivables: -€27,858
- Tangible fixed assets -€15,162
down €15,162 (-82.7%), from €18,343 to €3,181
- Deferred charges and accrued income -€2,342
down €2,342 (-29.8%), from €7,846 to €5,505
- Other debts +€52,652
up €52,652 (+103%), from €51,076 to €103,728
- Reserves -€50,082
down €50,082 (-81.0%), from €61,823 to €11,741
- Trade debts +€9,169
up €9,169, from €0 to €9,169
- Tax, wage and social debts -€6,701
down €6,701 (-28.7%), from €23,310 to €16,608
of which Taxes: -€6,657
- Gross operating margin +€4,351
up €4,351 (+21.2%), from €20,548 to €24,899
- Depreciation -€3,651
down €3,651 (-67.5%), from €5,405 to €1,754
- Taxes +€2,169
up €2,169 (+37.9%), from €5,723 to €7,892
- Financial charges +€1,355
up €1,355 (+151%), from €896 to €2,251
- Financial income +€297
up €297 (+147%), from €201 to €498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,759 | €159,796 | +€5,037 | +3.3% |
| Fixed assets | 21/28 | €18,343 | €3,181 | -€15,162 | -82.7% |
| Tangible fixed assets | 22/27 | €18,343 | €3,181 | -€15,162 | -82.7% |
| Furniture and vehicles | 24 | €18,343 | €3,181 | -€15,162 | -82.7% |
| Current assets | 29/58 | €136,415 | €156,615 | +€20,199 | +14.8% |
| Amounts receivable within one year | 40/41 | €31,639 | €4,039 | -€27,601 | -87.2% |
| Trade receivables | 40 | €31,639 | €3,781 | -€27,858 | -88.0% |
| Other amounts receivable | 41 | - | €257 | +€257 | |
| Cash at bank and in hand | 54/58 | €96,930 | €147,071 | +€50,142 | +51.7% |
| Deferred charges and accrued income | 490/1 | €7,846 | €5,505 | -€2,342 | -29.8% |
| Total equity and liabilities | 10/49 | €154,759 | €159,796 | +€5,037 | +3.3% |
| Equity | 10/15 | €80,373 | €30,291 | -€50,082 | -62.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €61,823 | €11,741 | -€50,082 | -81.0% |
| Distributable reserves | 133 | €61,823 | €11,741 | -€50,082 | -81.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,386 | €129,505 | +€55,119 | +74.1% |
| Amounts payable within one year | 42/48 | €74,386 | €129,505 | +€55,119 | +74.1% |
| Trade debts | 44 | €0 | €9,169 | +€9,169 | |
| Suppliers | 440/4 | €0 | €9,169 | +€9,169 | |
| Taxes, remuneration and social security | 45 | €23,310 | €16,608 | -€6,701 | -28.7% |
| Taxes | 450/3 | €18,510 | €11,852 | -€6,657 | -36.0% |
| Remuneration and social security | 454/9 | €4,800 | €4,756 | -€44 | -0.9% |
| Other amounts payable | 47/48 | €51,076 | €103,728 | +€52,652 | +103% |
| Non-recurring operating income | 76A | - | €592 | +€592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,405 | €1,754 | -€3,651 | -67.5% |
| Other operating charges | 640/8 | €1,846 | €1,759 | -€87 | -4.7% |
| Gross operating margin | 9900 | €20,548 | €24,899 | +€4,351 | +21.2% |
| Operating profit (loss) | 9901 | €13,297 | €21,386 | +€8,089 | +60.8% |
| Financial income | 75/76B | €201 | €498 | +€297 | +147% |
| Recurring financial income | 75 | €201 | €498 | +€297 | +147% |
| Financial charges | 65/66B | €896 | €2,251 | +€1,355 | +151% |
| Recurring financial charges | 65 | €896 | €2,251 | +€1,355 | +151% |
| Profit (loss) for the period before taxes | 9903 | €12,602 | €19,633 | +€7,031 | +55.8% |
| Income taxes | 67/77 | €5,723 | €7,892 | +€2,169 | +37.9% |
| Profit (loss) for the period | 9904 | €6,879 | €11,741 | +€4,862 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,879 | €11,741 | +€4,862 | +70.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.