Verheyen Services: 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 Services
Largest movements
- Receivables within one year +€17,999
up €17,999 (+117%), from €15,354 to €33,353
of which Trade receivables: +€16,986
- Cash -€8,110
down €8,110 (-23.8%), from €34,056 to €25,946
mainly Receivables within one year (-€17,999) and Investment in fixed assets (net) (-€13,700)
- Tangible fixed assets +€5,963
up €5,963 (+19.5%), from €30,648 to €36,610
of which Plant, machinery and equipment: +€7,976
- Tax, wage and social debts +€13,464
up €13,464 (+110%), from €12,248 to €25,712
of which Taxes: +€9,986
- Debts after one year -€5,015
down €5,015 (-51.1%), from €9,816 to €4,801
- Trade debts +€3,782
up €3,782 (+120%), from €3,142 to €6,923
- Reserves +€3,426
up €3,426 (+7.6%), from €45,199 to €48,625
- Gross operating margin -€45,609
down €45,609 (-74.2%), from €61,475 to €15,865
- Taxes -€9,840
down €9,840 (-81.9%), from €12,018 to €2,178
- Depreciation +€5,412
up €5,412 (+233%), from €2,325 to €7,737
- Other operating charges +€770
new in 2025: €770
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 | €80,057 | €95,910 | +€15,853 | +19.8% |
| Fixed assets | 21/28 | €30,648 | €36,610 | +€5,963 | +19.5% |
| Tangible fixed assets | 22/27 | €30,648 | €36,610 | +€5,963 | +19.5% |
| Plant, machinery and equipment | 23 | €2,106 | €10,082 | +€7,976 | +379% |
| Furniture and vehicles | 24 | €28,541 | €26,528 | -€2,013 | -7.1% |
| Current assets | 29/58 | €49,410 | €59,299 | +€9,890 | +20.0% |
| Amounts receivable within one year | 40/41 | €15,354 | €33,353 | +€17,999 | +117% |
| Trade receivables | 40 | €15,217 | €32,203 | +€16,986 | +112% |
| Other amounts receivable | 41 | €137 | €1,150 | +€1,013 | +740% |
| Cash at bank and in hand | 54/58 | €34,056 | €25,946 | -€8,110 | -23.8% |
| Total equity and liabilities | 10/49 | €80,057 | €95,910 | +€15,853 | +19.8% |
| Equity | 10/15 | €49,199 | €52,625 | +€3,426 | +7.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €45,199 | €48,625 | +€3,426 | +7.6% |
| Distributable reserves | 133 | €45,199 | €48,625 | +€3,426 | +7.6% |
| Amounts payable | 17/49 | €30,858 | €43,284 | +€12,426 | +40.3% |
| Amounts payable after more than one year | 17 | €9,816 | €4,801 | -€5,015 | -51.1% |
| Financial debts | 170/4 | €9,816 | €4,801 | -€5,015 | -51.1% |
| Amounts payable within one year | 42/48 | €21,042 | €38,484 | +€17,441 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €4,794 | €5,015 | +€222 | +4.6% |
| Trade debts | 44 | €3,142 | €6,923 | +€3,782 | +120% |
| Suppliers | 440/4 | €3,142 | €6,923 | +€3,782 | +120% |
| Taxes, remuneration and social security | 45 | €12,248 | €25,712 | +€13,464 | +110% |
| Taxes | 450/3 | €12,248 | €22,234 | +€9,986 | +81.5% |
| Remuneration and social security | 454/9 | - | €3,478 | +€3,478 | |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,325 | €7,737 | +€5,412 | +233% |
| Other operating charges | 640/8 | - | €770 | +€770 | |
| Gross operating margin | 9900 | €61,475 | €15,865 | -€45,609 | -74.2% |
| Operating profit (loss) | 9901 | €59,149 | €7,358 | -€51,791 | -87.6% |
| Financial income | 75/76B | €76 | €104 | +€27 | +35.8% |
| Recurring financial income | 75 | €76 | €104 | +€27 | +35.8% |
| Financial charges | 65/66B | €1,150 | €1,024 | -€125 | -10.9% |
| Recurring financial charges | 65 | €1,150 | €1,024 | -€125 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €58,076 | €6,437 | -€51,638 | -88.9% |
| Income taxes | 67/77 | €12,018 | €2,178 | -€9,840 | -81.9% |
| Profit (loss) for the period | 9904 | €46,058 | €4,259 | -€41,799 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,058 | €4,259 | -€41,799 | -90.8% |
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 16 October 2026 via checked.be.