VERHERSTRAETEN PETER: 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.
VERHERSTRAETEN PETER
Largest movements
- Receivables within one year +€54,504
up €54,504 (+184%), from €29,671 to €84,175
of which Other amounts receivable: +€52,076
- Current investments +€24,566
up €24,566 (+7.9%), from €312,694 to €337,259
- Tangible fixed assets -€17,849
down €17,849 (-5.8%), from €308,963 to €291,113
of which Furniture and vehicles: -€10,247
- Cash +€11,821
up €11,821 (+61.7%), from €19,173 to €30,994
mainly Net result for the year (+€102,473) and Other debts (+€44,602)
- Other debts +€44,602
up €44,602 (+290%), from €15,398 to €60,000
- Reserves +€42,473
up €42,473 (+8.2%), from €516,591 to €559,064
- Debts after one year -€26,852
down €26,852 (-30.4%), from €88,213 to €61,362
- Tax, wage and social debts +€8,726
up €8,726 (+45.2%), from €19,303 to €28,029
- Gross operating margin -€19,421
down €19,421 (-10.7%), from €181,828 to €162,407
- Taxes -€6,766
down €6,766 (-13.2%), from €51,087 to €44,322
- Depreciation +€5,533
up €5,533 (+32.3%), from €17,148 to €22,681
- Financial income -€1,841
down €1,841 (-11.3%), from €16,271 to €14,430
of which Non-recurring financial income: -€1,526
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 | €673,870 | €745,532 | +€71,663 | +10.6% |
| Fixed assets | 21/28 | €308,963 | €291,113 | -€17,849 | -5.8% |
| Tangible fixed assets | 22/27 | €308,963 | €291,113 | -€17,849 | -5.8% |
| Land and buildings | 22 | €258,911 | €249,900 | -€9,011 | -3.5% |
| Plant, machinery and equipment | 23 | €2,572 | €3,981 | +€1,409 | +54.8% |
| Furniture and vehicles | 24 | €47,479 | €37,232 | -€10,247 | -21.6% |
| Current assets | 29/58 | €364,907 | €454,419 | +€89,512 | +24.5% |
| Amounts receivable within one year | 40/41 | €29,671 | €84,175 | +€54,504 | +184% |
| Trade receivables | 40 | €27,830 | €30,258 | +€2,428 | +8.7% |
| Other amounts receivable | 41 | €1,841 | €53,917 | +€52,076 | +2,829% |
| Current investments | 50/53 | €312,694 | €337,259 | +€24,566 | +7.9% |
| Cash at bank and in hand | 54/58 | €19,173 | €30,994 | +€11,821 | +61.7% |
| Deferred charges and accrued income | 490/1 | €3,369 | €1,991 | -€1,378 | -40.9% |
| Total equity and liabilities | 10/49 | €673,870 | €745,532 | +€71,663 | +10.6% |
| Equity | 10/15 | €522,791 | €565,264 | +€42,473 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €516,591 | €559,064 | +€42,473 | +8.2% |
| Distributable reserves | 133 | €516,591 | €559,064 | +€42,473 | +8.2% |
| Amounts payable | 17/49 | €151,079 | €180,268 | +€29,189 | +19.3% |
| Amounts payable after more than one year | 17 | €88,213 | €61,362 | -€26,852 | -30.4% |
| Financial debts | 170/4 | €88,213 | €61,362 | -€26,852 | -30.4% |
| Amounts payable within one year | 42/48 | €60,904 | €116,947 | +€56,043 | +92.0% |
| Current portion of amounts payable after more than one year | 42 | €25,973 | €26,852 | +€879 | +3.4% |
| Trade debts | 44 | €230 | €2,066 | +€1,836 | +798% |
| Suppliers | 440/4 | €230 | €2,066 | +€1,836 | +798% |
| Taxes, remuneration and social security | 45 | €19,303 | €28,029 | +€8,726 | +45.2% |
| Taxes | 450/3 | €19,303 | €28,029 | +€8,726 | +45.2% |
| Other amounts payable | 47/48 | €15,398 | €60,000 | +€44,602 | +290% |
| Accrued charges and deferred income | 492/3 | €1,962 | €1,960 | -€2 | -0.1% |
| Non-recurring operating income | 76A | €17,195 | €2,390 | -€14,804 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,148 | €22,681 | +€5,533 | +32.3% |
| Other operating charges | 640/8 | €4,587 | €3,186 | -€1,401 | -30.6% |
| Gross operating margin | 9900 | €181,828 | €162,407 | -€19,421 | -10.7% |
| Operating profit (loss) | 9901 | €160,093 | €136,540 | -€23,553 | -14.7% |
| Financial income | 75/76B | €16,271 | €14,430 | -€1,841 | -11.3% |
| Recurring financial income | 75 | €14,745 | €14,430 | -€315 | -2.1% |
| Non-recurring financial income | 76B | €1,526 | - | -€1,526 | |
| Financial charges | 65/66B | €5,229 | €4,175 | -€1,054 | -20.2% |
| Recurring financial charges | 65 | €5,229 | €4,175 | -€1,054 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €171,134 | €146,795 | -€24,339 | -14.2% |
| Income taxes | 67/77 | €51,087 | €44,322 | -€6,766 | -13.2% |
| Profit (loss) for the period | 9904 | €120,047 | €102,473 | -€17,574 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,047 | €102,473 | -€17,574 | -14.6% |
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 21 October 2026 via checked.be.