VERHELST & C°: 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.
VERHELST & C°
Largest movements
- Cash +€205,765
up €205,765 (+11,508%), from €1,788 to €207,553
mainly Net result for the year (+€333,105) and Investment in fixed assets (net) (+€73,911)
- Current investments +€190,000
new in 2025: €190,000
- Tangible fixed assets -€73,911
no longer reported in 2025 (was €73,911)
- Receivables within one year -€22,368
down €22,368 (-84.3%), from €26,525 to €4,157
- Reserves +€153,786
new in 2025: €153,786
- Profit (loss) carried forward +€145,669
no longer reported in 2025 (was -€145,669)
- Gross operating margin +€411,620
up €411,620 (+6,548%), from €6,286 to €417,906
- Taxes +€82,843
new in 2025: €82,843
- Purchases and services +€23,660
new in 2025: €23,660
- Financial charges -€12,863
down €12,863 (-99.8%), from €12,895 to €32
of which Non-recurring financial charges: -€12,866
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 | €102,224 | €401,710 | +€299,485 | +293% |
| Fixed assets | 21/28 | €73,911 | - | -€73,911 | |
| Tangible fixed assets | 22/27 | €73,911 | - | -€73,911 | |
| Land and buildings | 22 | €73,911 | - | -€73,911 | |
| Current assets | 29/58 | €28,313 | €401,710 | +€373,397 | +1,319% |
| Amounts receivable within one year | 40/41 | €26,525 | €4,157 | -€22,368 | -84.3% |
| Other amounts receivable | 41 | €26,525 | €4,157 | -€22,368 | -84.3% |
| Current investments | 50/53 | - | €190,000 | +€190,000 | |
| Cash at bank and in hand | 54/58 | €1,788 | €207,553 | +€205,765 | +11,508% |
| Total equity and liabilities | 10/49 | €102,224 | €401,710 | +€299,485 | +293% |
| Equity | 10/15 | €102,224 | €401,680 | +€299,455 | +293% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | - | €153,786 | +€153,786 | |
| Distributable reserves | 133 | - | €153,786 | +€153,786 | |
| Profit (loss) carried forward | 14 | -€145,669 | - | +€145,669 | |
| Amounts payable | 17/49 | - | €30 | +€30 | |
| Amounts payable within one year | 42/48 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | - | €30 | +€30 | |
| Non-recurring operating income | 76A | - | €441,566 | +€441,566 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €23,660 | +€23,660 | |
| Other operating charges | 640/8 | €1,745 | €1,925 | +€180 | +10.3% |
| Non-recurring operating charges | 66A | €95,497 | - | -€95,497 | |
| Gross operating margin | 9900 | €6,286 | €417,906 | +€411,620 | +6,548% |
| Operating profit (loss) | 9901 | -€90,956 | €415,980 | +€506,936 | |
| Financial charges | 65/66B | €12,895 | €32 | -€12,863 | -99.8% |
| Recurring financial charges | 65 | €29 | €32 | +€4 | +12.3% |
| Non-recurring financial charges | 66B | €12,866 | - | -€12,866 | |
| Profit (loss) for the period before taxes | 9903 | -€103,851 | €415,948 | +€519,799 | |
| Income taxes | 67/77 | - | €82,843 | +€82,843 | |
| Profit (loss) for the period | 9904 | -€103,851 | €333,105 | +€436,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,851 | €333,105 | +€436,956 |
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 20 October 2026 via checked.be.