VERHOEST MARC: what changed
What changed
VERHOEST MARC
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€102,388
2024 · €244,602-€142,213
Equity
€2.2m
2024 · €2.2m-€2,612
Cash
€163,404
2024 · €516,020-€352,616
Balance sheet total
€6.0m
2024 · €5.7m+€230,451
Largest movements
Assets
- Stocks and contracts +€662,253
up €662,253 (+45.0%), from €1.5m to €2.1m
of which Contracts in progress: +€336,000
- Cash -€352,616
down €352,616 (-68.3%), from €516,020 to €163,404
mainly Stocks and contracts (-€662,253) and Investment in fixed assets (net) (-€556,308)
- Receivables within one year -€287,886
down €287,886 (-57.4%), from €501,726 to €213,840
of which Trade receivables: -€257,506
- Tangible fixed assets +€214,896
up €214,896 (+6.7%), from €3.2m to €3.4m
of which Land and buildings: +€344,469
Equity and liabilities
- Current portion of long-term debt +€104,550
up €104,550 (+46.7%), from €224,082 to €328,632
- Accrued charges and deferred income -€87,302
down €87,302 (-97.3%), from €89,695 to €2,394
- Debts after one year +€69,911
up €69,911 (+3.0%), from €2.3m to €2.4m
- Trade debts +€69,170
up €69,170 (+12.3%), from €561,119 to €630,289
Income statement
- Gross operating margin +€313,318
up €313,318 (+25.9%), from €1.2m to €1.5m
- Write-downs +€178,256
up €178,256, from -€169,725 to €8,531
- Staff costs +€128,342
up €128,342 (+16.3%), from €785,861 to €914,202
- Financial income -€95,429
down €95,429 (-97.9%), from €97,446 to €2,017
- Depreciation +€58,592
up €58,592 (+20.3%), from €287,970 to €346,562
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€244,602
Gross operating margin
+€313,318
Staff costs
-€128,342
Depreciation
-€58,592
Write-downs
-€178,256
Other operating charges
+€1,280
Financial income
-€95,429
Financial charges
-€20,214
Taxes
+€24,021
Result 2025
€102,388
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€134,078
Investment
-€556,308
Financing
+€69,615
Cash 2024
€516,020
From operations (derived)
+€134,078
Net result for the year
+€102,388
Depreciation
+€346,562
Stocks and contracts
-€662,253
Receivables within one year
+€287,886
Deferred charges and accrued income
+€1,047
Trade debts
+€69,170
Tax, wage and social debts
+€28,126
Other debts
+€48,453
Accrued charges and deferred income
-€87,302
Investment (derived)
-€556,308
Investment in fixed assets (net)
-€556,308
Financing
+€69,615
Debts after one year
+€69,911
Current portion of long-term debt
+€104,550
Short-term financial debts
+€154
Contributions, distributions and other
-€105,000
Cash 2025
€163,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,721,771 | €5,952,222 | +€230,451 | +4.0% |
| Fixed assets | 21/28 | €3,212,548 | €3,422,293 | +€209,746 | +6.5% |
| Intangible fixed assets | 21 | €13,425 | €8,425 | -€5,000 | -37.2% |
| Tangible fixed assets | 22/27 | €3,198,973 | €3,413,869 | +€214,896 | +6.7% |
| Land and buildings | 22 | €2,597,932 | €2,942,402 | +€344,469 | +13.3% |
| Plant, machinery and equipment | 23 | €467,006 | €367,579 | -€99,427 | -21.3% |
| Furniture and vehicles | 24 | €105,805 | €91,809 | -€13,997 | -13.2% |
| Leasing and similar rights | 25 | €28,229 | €12,079 | -€16,150 | -57.2% |
| Financial fixed assets | 28 | €150 | - | -€150 | |
| Current assets | 29/58 | €2,509,223 | €2,529,929 | +€20,705 | +0.8% |
| Stocks and contracts in progress | 3 | €1,471,919 | €2,134,173 | +€662,253 | +45.0% |
| Stocks | 30/36 | €887,419 | €1,213,673 | +€326,253 | +36.8% |
| Contracts in progress | 37 | €584,500 | €920,500 | +€336,000 | +57.5% |
| Amounts receivable within one year | 40/41 | €501,726 | €213,840 | -€287,886 | -57.4% |
| Trade receivables | 40 | €469,703 | €212,197 | -€257,506 | -54.8% |
| Other amounts receivable | 41 | €32,023 | €1,643 | -€30,380 | -94.9% |
| Cash at bank and in hand | 54/58 | €516,020 | €163,404 | -€352,616 | -68.3% |
| Deferred charges and accrued income | 490/1 | €19,558 | €18,512 | -€1,047 | -5.4% |
| Total equity and liabilities | 10/49 | €5,721,771 | €5,952,222 | +€230,451 | +4.0% |
| Equity | 10/15 | €2,209,893 | €2,207,282 | -€2,612 | -0.1% |
| Contributions | 10/11 | €237,000 | €277,000 | +€40,000 | +16.9% |
| Reserves | 13 | €1,351,272 | €1,308,660 | -€42,612 | -3.2% |
| Tax-exempt reserves | 132 | €210,283 | €210,283 | = | 0.0% |
| Distributable reserves | 133 | €1,140,989 | €1,098,377 | -€42,612 | -3.7% |
| Profit (loss) carried forward | 14 | €621,622 | €621,622 | = | 0.0% |
| Amounts payable | 17/49 | €3,511,878 | €3,744,940 | +€233,063 | +6.6% |
| Amounts payable after more than one year | 17 | €2,307,859 | €2,377,770 | +€69,911 | +3.0% |
| Financial debts | 170/4 | €2,307,859 | €2,377,770 | +€69,911 | +3.0% |
| Amounts payable within one year | 42/48 | €1,114,324 | €1,364,777 | +€250,453 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €224,082 | €328,632 | +€104,550 | +46.7% |
| Financial debts | 43 | €190,000 | €190,154 | +€154 | +0.1% |
| Credit institutions | 430/8 | €190,000 | €190,154 | +€154 | +0.1% |
| Trade debts | 44 | €561,119 | €630,289 | +€69,170 | +12.3% |
| Suppliers | 440/4 | €561,119 | €630,289 | +€69,170 | +12.3% |
| Taxes, remuneration and social security | 45 | €115,830 | €143,956 | +€28,126 | +24.3% |
| Taxes | 450/3 | €32,538 | €39,094 | +€6,557 | +20.2% |
| Remuneration and social security | 454/9 | €83,292 | €104,862 | +€21,570 | +25.9% |
| Other amounts payable | 47/48 | €23,292 | €71,746 | +€48,453 | +208% |
| Accrued charges and deferred income | 492/3 | €89,695 | €2,394 | -€87,302 | -97.3% |
| Non-recurring operating income | 76A | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €785,861 | €914,202 | +€128,342 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,970 | €346,562 | +€58,592 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€169,725 | €8,531 | +€178,256 | |
| Other operating charges | 640/8 | €18,556 | €17,277 | -€1,280 | -6.9% |
| Gross operating margin | 9900 | €1,207,797 | €1,521,115 | +€313,318 | +25.9% |
| Operating profit (loss) | 9901 | €285,135 | €234,543 | -€50,592 | -17.7% |
| Financial income | 75/76B | €97,446 | €2,017 | -€95,429 | -97.9% |
| Recurring financial income | 75 | €97,446 | €2,017 | -€95,429 | -97.9% |
| Financial charges | 65/66B | €73,719 | €93,932 | +€20,214 | +27.4% |
| Recurring financial charges | 65 | €73,719 | €93,932 | +€20,214 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €308,862 | €142,627 | -€166,235 | -53.8% |
| Income taxes | 67/77 | €64,260 | €40,239 | -€24,021 | -37.4% |
| Profit (loss) for the period | 9904 | €244,602 | €102,388 | -€142,213 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €244,602 | €102,388 | -€142,213 | -58.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.