VERHEYEN VASTGOED: 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 VASTGOED
Largest movements
- Tangible fixed assets +€268,058
up €268,058 (+146%), from €183,415 to €451,473
of which Land and buildings: +€272,153
- Cash +€23,730
up €23,730 (+107%), from €22,183 to €45,914
mainly Contributions, distributions and other (+€285,000) and Depreciation (+€17,889)
- Receivables within one year -€8,588
down €8,588 (-75.4%), from €11,385 to €2,797
of which Trade receivables: -€5,899
- Contributions +€285,000
up €285,000 (+28,500,000%), from €1 to €285,001
- Reserves +€15,133
new in 2025: €15,133
- Trade debts -€13,647
down €13,647 (-10.7%), from €127,048 to €113,401
- Gross operating margin +€9,731
up €9,731 (+26.5%), from €36,765 to €46,496
- Taxes +€5,177
up €5,177 (+183%), from €2,823 to €8,000
- Depreciation -€3,893
down €3,893 (-17.9%), from €21,782 to €17,889
- Other operating charges +€2,614
up €2,614 (+90.3%), from €2,894 to €5,508
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 | €216,983 | €500,183 | +€283,200 | +131% |
| Fixed assets | 21/28 | €183,415 | €451,473 | +€268,058 | +146% |
| Tangible fixed assets | 22/27 | €183,415 | €451,473 | +€268,058 | +146% |
| Land and buildings | 22 | €165,749 | €437,902 | +€272,153 | +164% |
| Furniture and vehicles | 24 | €17,666 | €13,571 | -€4,095 | -23.2% |
| Current assets | 29/58 | €33,568 | €48,710 | +€15,142 | +45.1% |
| Amounts receivable within one year | 40/41 | €11,385 | €2,797 | -€8,588 | -75.4% |
| Trade receivables | 40 | €7,260 | €1,361 | -€5,899 | -81.3% |
| Other amounts receivable | 41 | €4,125 | €1,435 | -€2,689 | -65.2% |
| Cash at bank and in hand | 54/58 | €22,183 | €45,914 | +€23,730 | +107% |
| Total equity and liabilities | 10/49 | €216,983 | €500,183 | +€283,200 | +131% |
| Equity | 10/15 | €30 | €300,134 | +€300,104 | +1,006,386% |
| Contributions | 10/11 | €1 | €285,001 | +€285,000 | +28,500,000% |
| Reserves | 13 | - | €15,133 | +€15,133 | |
| Distributable reserves | 133 | - | €15,133 | +€15,133 | |
| Profit (loss) carried forward | 14 | €29 | - | -€29 | |
| Amounts payable | 17/49 | €216,953 | €200,049 | -€16,904 | -7.8% |
| Amounts payable within one year | 42/48 | €216,953 | €200,049 | -€16,904 | -7.8% |
| Trade debts | 44 | €127,048 | €113,401 | -€13,647 | -10.7% |
| Suppliers | 440/4 | €127,048 | €113,401 | -€13,647 | -10.7% |
| Taxes, remuneration and social security | 45 | €1,799 | €1,250 | -€549 | -30.5% |
| Taxes | 450/3 | €1,799 | €1,250 | -€549 | -30.5% |
| Other amounts payable | 47/48 | €88,106 | €85,399 | -€2,708 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,782 | €17,889 | -€3,893 | -17.9% |
| Other operating charges | 640/8 | €2,894 | €5,508 | +€2,614 | +90.3% |
| Gross operating margin | 9900 | €36,765 | €46,496 | +€9,731 | +26.5% |
| Operating profit (loss) | 9901 | €12,089 | €23,099 | +€11,010 | +91.1% |
| Financial income | 75/76B | €5 | €87 | +€82 | +1,648% |
| Recurring financial income | 75 | €5 | €87 | +€82 | +1,648% |
| Financial charges | 65/66B | €225 | €82 | -€144 | -63.8% |
| Recurring financial charges | 65 | €225 | €82 | -€144 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €11,868 | €23,104 | +€11,236 | +94.7% |
| Income taxes | 67/77 | €2,823 | €8,000 | +€5,177 | +183% |
| Profit (loss) for the period | 9904 | €9,046 | €15,104 | +€6,059 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,046 | €15,104 | +€6,059 | +67.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.