VERHEYEN: 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.
VERHEYEN
Largest movements
- Current investments +€49,996
new in 2023: €49,996
- Cash -€23,974
down €23,974 (-9.7%), from €247,656 to €223,682
mainly Current investments (-€49,996) and Accrued charges and deferred income (-€10,451)
- Tangible fixed assets -€13,421
down €13,421 (-16.5%), from €81,135 to €67,714
- Receivables within one year +€7,499
up €7,499 (+69.4%), from €10,802 to €18,300
of which Trade receivables: +€8,932
- Reserves +€41,061
up €41,061 (+24.7%), from €166,489 to €207,550
of which Distributable reserves: +€43,561
- Accrued charges and deferred income -€10,451
no longer reported in 2023 (was €10,451)
- Debts after one year -€8,923
down €8,923 (-9.0%), from €99,412 to €90,489
- Taxes +€5,535
up €5,535 (+40.6%), from €13,637 to €19,172
- Financial charges -€3,225
down €3,225 (-46.4%), from €6,956 to €3,731
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,536 | €388,636 | +€20,100 | +5.5% |
| Fixed assets | 21/28 | €81,135 | €67,714 | -€13,421 | -16.5% |
| Tangible fixed assets | 22/27 | €81,135 | €67,714 | -€13,421 | -16.5% |
| Land and buildings | 22 | €81,135 | €67,714 | -€13,421 | -16.5% |
| Current assets | 29/58 | €287,401 | €320,922 | +€33,521 | +11.7% |
| Stocks and contracts in progress | 3 | €28,944 | €28,944 | = | 0.0% |
| Stocks | 30/36 | €28,944 | €28,944 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,802 | €18,300 | +€7,499 | +69.4% |
| Trade receivables | 40 | €8,005 | €16,937 | +€8,932 | +112% |
| Other amounts receivable | 41 | €2,796 | €1,363 | -€1,433 | -51.3% |
| Current investments | 50/53 | - | €49,996 | +€49,996 | |
| Cash at bank and in hand | 54/58 | €247,656 | €223,682 | -€23,974 | -9.7% |
| Total equity and liabilities | 10/49 | €368,536 | €388,636 | +€20,100 | +5.5% |
| Equity | 10/15 | €191,489 | €232,550 | +€41,061 | +21.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | - | -€25,000 | |
| Issued capital | 100 | €25,000 | - | -€25,000 | |
| Contributions outside capital | 11 | - | €25,000 | +€25,000 | |
| Other | 1109/19 | - | €25,000 | +€25,000 | |
| Reserves | 13 | €166,489 | €207,550 | +€41,061 | +24.7% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Legal reserve | 130 | €2,500 | - | -€2,500 | |
| Tax-exempt reserves | 132 | €11,824 | €11,824 | = | 0.0% |
| Distributable reserves | 133 | €152,165 | €195,726 | +€43,561 | +28.6% |
| Amounts payable | 17/49 | €177,047 | €156,086 | -€20,961 | -11.8% |
| Amounts payable after more than one year | 17 | €99,412 | €90,489 | -€8,923 | -9.0% |
| Financial debts | 170/4 | €99,412 | €90,489 | -€8,923 | -9.0% |
| Amounts payable within one year | 42/48 | €67,183 | €65,597 | -€1,586 | -2.4% |
| Trade debts | 44 | €659 | - | -€659 | |
| Suppliers | 440/4 | €659 | - | -€659 | |
| Taxes, remuneration and social security | 45 | €16,783 | €14,646 | -€2,137 | -12.7% |
| Taxes | 450/3 | €10,124 | €14,646 | +€4,522 | +44.7% |
| Remuneration and social security | 454/9 | €6,659 | - | -€6,659 | |
| Other amounts payable | 47/48 | €49,742 | €50,951 | +€1,209 | +2.4% |
| Accrued charges and deferred income | 492/3 | €10,451 | - | -€10,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,421 | €13,421 | = | 0.0% |
| Other operating charges | 640/8 | €3,456 | €4,157 | +€700 | +20.3% |
| Gross operating margin | 9900 | €79,732 | €79,055 | -€677 | -0.8% |
| Operating profit (loss) | 9901 | €62,854 | €61,477 | -€1,377 | -2.2% |
| Financial income | 75/76B | €1,859 | €2,486 | +€628 | +33.8% |
| Recurring financial income | 75 | €1,859 | €2,486 | +€628 | +33.8% |
| Financial charges | 65/66B | €6,956 | €3,731 | -€3,225 | -46.4% |
| Recurring financial charges | 65 | €6,956 | €3,731 | -€3,225 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €57,756 | €60,232 | +€2,476 | +4.3% |
| Income taxes | 67/77 | €13,637 | €19,172 | +€5,535 | +40.6% |
| Profit (loss) for the period | 9904 | €44,120 | €41,061 | -€3,059 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,120 | €41,061 | -€3,059 | -6.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.