VERHEUST Grid Solutions: 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.
VERHEUST Grid Solutions
Largest movements
- Receivables within one year +€451,839
up €451,839 (+416.0%), from €108,616 to €560,455
of which Trade receivables: +€445,611
- Cash -€112,807
no longer reported in 2024 (was €112,807)
mainly Receivables within one year (-€451,839) and Accrued charges and deferred income (-€115,946)
- Tangible fixed assets +€67,473
up €67,473 (+3248.4%), from €2,077 to €69,550
of which Leasing and similar rights: +€62,738
- Trade debts +€298,581
up €298,581 (+2471.3%), from €12,082 to €310,663
- Accrued charges and deferred income -€115,946
down €115,946 (-89.7%), from €129,209 to €13,263
- Profit (loss) carried forward +€102,506
new in 2024: €102,506
- Short-term financial debts +€69,258
new in 2024: €69,258
- Debts after one year +€50,571
new in 2024: €50,571
- Gross operating margin +€454,293
up €454,293 (+1127.1%), from €40,305 to €494,598
- Write-downs +€356,914
new in 2024: €356,914
- Taxes +€16,950
up €16,950 (+147.9%), from €11,457 to €28,407
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,312 | €632,699 | +€407,387 | +180.8% |
| Fixed assets | 21/28 | €2,077 | €69,550 | +€67,473 | +3248.4% |
| Tangible fixed assets | 22/27 | €2,077 | €69,550 | +€67,473 | +3248.4% |
| Furniture and vehicles | 24 | €2,077 | €6,812 | +€4,735 | +228.0% |
| Leasing and similar rights | 25 | - | €62,738 | +€62,738 | |
| Current assets | 29/58 | €223,235 | €563,149 | +€339,914 | +152.3% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €108,616 | €560,455 | +€451,839 | +416.0% |
| Trade receivables | 40 | €108,616 | €554,226 | +€445,611 | +410.3% |
| Other amounts receivable | 41 | - | €6,229 | +€6,229 | |
| Cash at bank and in hand | 54/58 | €112,807 | - | -€112,807 | |
| Deferred charges and accrued income | 490/1 | €1,812 | €1,194 | -€618 | -34.1% |
| Total equity and liabilities | 10/49 | €225,312 | €632,699 | +€407,387 | +180.8% |
| Equity | 10/15 | €43,753 | €146,259 | +€102,506 | +234.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €35,753 | €35,753 | = | 0.0% |
| Distributable reserves | 133 | €35,753 | €35,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €102,506 | +€102,506 | |
| Amounts payable | 17/49 | €181,559 | €486,441 | +€304,881 | +167.9% |
| Amounts payable after more than one year | 17 | - | €50,571 | +€50,571 | |
| Financial debts | 170/4 | - | €50,571 | +€50,571 | |
| Amounts payable within one year | 42/48 | €52,350 | €422,606 | +€370,256 | +707.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,948 | +€11,948 | |
| Financial debts | 43 | - | €69,258 | +€69,258 | |
| Other loans | 439 | - | €69,258 | +€69,258 | |
| Trade debts | 44 | €12,082 | €310,663 | +€298,581 | +2471.3% |
| Suppliers | 440/4 | €12,082 | €310,663 | +€298,581 | +2471.3% |
| Taxes, remuneration and social security | 45 | €40,268 | €27,007 | -€13,261 | -32.9% |
| Taxes | 450/3 | €40,268 | €27,007 | -€13,261 | -32.9% |
| Other amounts payable | 47/48 | - | €3,730 | +€3,730 | |
| Accrued charges and deferred income | 492/3 | €129,209 | €13,263 | -€115,946 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22 | €2,275 | +€2,253 | +10311.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €356,914 | +€356,914 | |
| Other operating charges | 640/8 | €317 | €622 | +€305 | +96.2% |
| Gross operating margin | 9900 | €40,305 | €494,598 | +€454,293 | +1127.1% |
| Operating profit (loss) | 9901 | €39,966 | €134,786 | +€94,820 | +237.3% |
| Financial income | 75/76B | €0 | €1,357 | +€1,357 | +6782800.0% |
| Recurring financial income | 75 | €0 | €1,357 | +€1,357 | +6782800.0% |
| Financial charges | 65/66B | €254 | €4,030 | +€3,777 | +1489.8% |
| Recurring financial charges | 65 | €254 | €4,030 | +€3,777 | +1489.8% |
| Profit (loss) for the period before taxes | 9903 | €39,713 | €132,113 | +€92,400 | +232.7% |
| Income taxes | 67/77 | €11,457 | €28,407 | +€16,950 | +147.9% |
| Profit (loss) for the period | 9904 | €28,256 | €103,706 | +€75,450 | +267.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,256 | €103,706 | +€75,450 | +267.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.