VERHEYEN SYSTEMS: 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 SYSTEMS
Largest movements
- Receivables within one year +€44,614
up €44,614 (+462.0%), from €9,656 to €54,270
of which Trade receivables: +€44,359
- Cash -€22,707
down €22,707 (-90.5%), from €25,101 to €2,394
mainly Receivables within one year (-€44,614) and Trade debts (-€2,929)
- Deferred charges and accrued income +€1,752
up €1,752 (+796.3%), from €220 to €1,972
- Tangible fixed assets -€1,529
down €1,529 (-6.7%), from €22,969 to €21,440
of which Land and buildings: -€16,758
- Other debts +€14,663
up €14,663 (+46.6%), from €31,442 to €46,105
- Reserves +€7,904
up €7,904 (+80.9%), from €9,767 to €17,671
of which Distributable reserves: +€7,904
- Trade debts -€2,929
down €2,929 (-47.8%), from €6,128 to €3,199
- Tax, wage and social debts +€2,781
up €2,781 (+53.0%), from €5,246 to €8,027
- Turnover -€68,020
no longer reported in 2025 (was €68,020)
- Purchases and services -€52,312
no longer reported in 2025 (was €52,312)
- Depreciation +€813
up €813 (+37.2%), from €2,184 to €2,997
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.
Cash bridge derived
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 | €62,684 | €84,814 | +€22,130 | +35.3% |
| Fixed assets | 21/28 | €23,124 | €21,595 | -€1,529 | -6.6% |
| Tangible fixed assets | 22/27 | €22,969 | €21,440 | -€1,529 | -6.7% |
| Land and buildings | 22 | €16,758 | - | -€16,758 | |
| Plant, machinery and equipment | 23 | €3,593 | €2,770 | -€823 | -22.9% |
| Furniture and vehicles | 24 | €2,618 | €2,828 | +€210 | +8.0% |
| Other tangible fixed assets | 26 | - | €15,842 | +€15,842 | |
| Financial fixed assets | 28 | €155 | €155 | -€0 | 0.0% |
| Current assets | 29/58 | €39,560 | €63,219 | +€23,659 | +59.8% |
| Stocks and contracts in progress | 3 | €4,583 | €4,583 | -€0 | 0.0% |
| Stocks | 30/36 | €4,583 | €4,583 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €9,656 | €54,270 | +€44,614 | +462.0% |
| Trade receivables | 40 | €5,656 | €50,015 | +€44,359 | +784.3% |
| Other amounts receivable | 41 | €4,000 | €4,255 | +€255 | +6.4% |
| Cash at bank and in hand | 54/58 | €25,101 | €2,394 | -€22,707 | -90.5% |
| Deferred charges and accrued income | 490/1 | €220 | €1,972 | +€1,752 | +796.3% |
| Total equity and liabilities | 10/49 | €62,684 | €84,814 | +€22,130 | +35.3% |
| Equity | 10/15 | €19,480 | €27,384 | +€7,904 | +40.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,767 | €17,671 | +€7,904 | +80.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,907 | €15,811 | +€7,904 | +100.0% |
| Profit (loss) carried forward | 14 | €3,513 | €3,513 | -€0 | 0.0% |
| Amounts payable | 17/49 | €43,204 | €57,430 | +€14,226 | +32.9% |
| Amounts payable within one year | 42/48 | €42,816 | €57,430 | +€14,614 | +34.1% |
| Financial debts | 43 | - | €99 | +€99 | |
| Credit institutions | 430/8 | - | €99 | +€99 | |
| Trade debts | 44 | €6,128 | €3,199 | -€2,929 | -47.8% |
| Suppliers | 440/4 | €6,128 | €3,199 | -€2,929 | -47.8% |
| Taxes, remuneration and social security | 45 | €5,246 | €8,027 | +€2,781 | +53.0% |
| Taxes | 450/3 | €5,246 | €8,027 | +€2,781 | +53.0% |
| Other amounts payable | 47/48 | €31,442 | €46,105 | +€14,663 | +46.6% |
| Accrued charges and deferred income | 492/3 | €388 | €0 | -€388 | -100.0% |
| Turnover | 70 | €68,020 | - | -€68,020 | |
| Goods, raw materials, services and sundry goods | 60/61 | €52,312 | - | -€52,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,184 | €2,997 | +€813 | +37.2% |
| Other operating charges | 640/8 | €1,380 | €743 | -€637 | -46.2% |
| Gross operating margin | 9900 | €15,708 | €16,020 | +€312 | +2.0% |
| Operating profit (loss) | 9901 | €12,144 | €12,280 | +€136 | +1.1% |
| Financial income | 75/76B | €30 | €75 | +€45 | +150.9% |
| Recurring financial income | 75 | €30 | €75 | +€45 | +150.9% |
| Financial charges | 65/66B | €134 | €175 | +€41 | +30.6% |
| Recurring financial charges | 65 | €134 | €175 | +€41 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €12,040 | €12,181 | +€141 | +1.2% |
| Income taxes | 67/77 | €4,133 | €4,277 | +€144 | +3.5% |
| Profit (loss) for the period | 9904 | €7,907 | €7,904 | -€3 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,907 | €7,904 | -€3 | 0.0% |
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 12 October 2026 via checked.be.