VERHOESTRAETE: what changed
What changed
VERHOESTRAETE
NACE 14.299, Manufacture of wearing apparel
filed annual accounts (NBB)
Net result for the year
-€17,554
2024 · -€10,142-€7,411
Equity
€27,963
2024 · €55,517-€27,554
Cash
€36,112
2024 · €38,917-€2,805
Balance sheet total
€299,138
2024 · €350,559-€51,421
Largest movements
Assets
- Tangible fixed assets -€39,566
down €39,566 (-28.6%), from €138,152 to €98,586
of which Furniture and vehicles: -€26,464
- Receivables within one year -€9,167
down €9,167 (-44.1%), from €20,801 to €11,634
of which Trade receivables: -€5,001
Equity and liabilities
- Profit (loss) carried forward -€17,554
down €17,554 (-168%), from -€10,455 to -€28,009
- Debts after one year -€14,829
down €14,829 (-39.1%), from €37,904 to €23,075
- Trade debts -€10,040
down €10,040 (-24.8%), from €40,441 to €30,401
- Reserves -€10,000
down €10,000 (-24.4%), from €40,972 to €30,972
- Tax, wage and social debts +€6,627
up €6,627 (+26.3%), from €25,204 to €31,831
of which Taxes: +€7,127
Income statement
- Gross operating margin -€10,083
down €10,083 (-18.6%), from €54,109 to €44,026
- Other operating charges -€1,189
down €1,189 (-14.1%), from €8,444 to €7,255
- Depreciation -€1,084
down €1,084 (-2.4%), from €44,652 to €43,568
- Financial charges -€1,032
down €1,032 (-8.8%), from €11,753 to €10,722
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
-€10,142
Gross operating margin
-€10,083
Depreciation
+€1,084
Other operating charges
+€1,189
Financial income
-€419
Financial charges
+€1,032
Taxes
+€65
Deferred taxes and other
-€280
Result 2025
-€17,554
raises the resultlowers the resultnot broken down further in the accounts
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
+€26,929
Investment
-€1,695
Financing
-€28,039
Cash 2024
€38,917
From operations (derived)
+€26,929
Net result for the year
-€17,554
Depreciation
+€43,568
Stocks and contracts
+€200
Receivables within one year
+€9,167
Deferred charges and accrued income
-€2,624
Provisions
-€317
Trade debts
-€10,040
Tax, wage and social debts
+€6,627
Other debts
+€995
Accrued charges and deferred income
-€3,093
Investment (derived)
-€1,695
Investment in fixed assets (net)
-€1,695
Financing
-€28,039
Debts after one year
-€14,829
Current portion of long-term debt
-€5,032
Short-term financial debts
+€1,822
Contributions, distributions and other
-€10,000
Cash 2025
€36,112
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,559 | €299,138 | -€51,421 | -14.7% |
| Fixed assets | 21/28 | €142,150 | €100,277 | -€41,873 | -29.5% |
| Intangible fixed assets | 21 | €3,911 | €1,604 | -€2,307 | -59.0% |
| Tangible fixed assets | 22/27 | €138,152 | €98,586 | -€39,566 | -28.6% |
| Land and buildings | 22 | €64,657 | €53,082 | -€11,575 | -17.9% |
| Plant, machinery and equipment | 23 | €1,874 | €347 | -€1,528 | -81.5% |
| Furniture and vehicles | 24 | €71,621 | €45,157 | -€26,464 | -36.9% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €208,409 | €198,861 | -€9,548 | -4.6% |
| Stocks and contracts in progress | 3 | €143,700 | €143,500 | -€200 | -0.1% |
| Stocks | 30/36 | €143,700 | €143,500 | -€200 | -0.1% |
| Amounts receivable within one year | 40/41 | €20,801 | €11,634 | -€9,167 | -44.1% |
| Trade receivables | 40 | €7,369 | €2,368 | -€5,001 | -67.9% |
| Other amounts receivable | 41 | €13,432 | €9,266 | -€4,166 | -31.0% |
| Cash at bank and in hand | 54/58 | €38,917 | €36,112 | -€2,805 | -7.2% |
| Deferred charges and accrued income | 490/1 | €4,991 | €7,615 | +€2,624 | +52.6% |
| Total equity and liabilities | 10/49 | €350,559 | €299,138 | -€51,421 | -14.7% |
| Equity | 10/15 | €55,517 | €27,963 | -€27,554 | -49.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €40,972 | €30,972 | -€10,000 | -24.4% |
| Distributable reserves | 133 | €40,972 | €30,972 | -€10,000 | -24.4% |
| Profit (loss) carried forward | 14 | -€10,455 | -€28,009 | -€17,554 | -168% |
| Provisions and deferred taxes | 16 | €1,139 | €821 | -€317 | -27.9% |
| Deferred taxes | 168 | €1,139 | €821 | -€317 | -27.9% |
| Amounts payable | 17/49 | €293,904 | €270,354 | -€23,550 | -8.0% |
| Amounts payable after more than one year | 17 | €37,904 | €23,075 | -€14,829 | -39.1% |
| Financial debts | 170/4 | €37,904 | €23,075 | -€14,829 | -39.1% |
| Amounts payable within one year | 42/48 | €247,425 | €241,797 | -€5,628 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €19,861 | €14,829 | -€5,032 | -25.3% |
| Financial debts | 43 | €13,264 | €15,086 | +€1,822 | +13.7% |
| Credit institutions | 430/8 | €13,264 | €15,086 | +€1,822 | +13.7% |
| Trade debts | 44 | €40,441 | €30,401 | -€10,040 | -24.8% |
| Suppliers | 440/4 | €40,441 | €30,401 | -€10,040 | -24.8% |
| Advances received on contracts in progress | 46 | €6 | €6 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €25,204 | €31,831 | +€6,627 | +26.3% |
| Taxes | 450/3 | €21,304 | €28,431 | +€7,127 | +33.5% |
| Remuneration and social security | 454/9 | €3,900 | €3,400 | -€500 | -12.8% |
| Other amounts payable | 47/48 | €148,651 | €149,645 | +€995 | +0.7% |
| Accrued charges and deferred income | 492/3 | €8,574 | €5,481 | -€3,093 | -36.1% |
| Non-recurring operating income | 76A | €11,695 | - | -€11,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,652 | €43,568 | -€1,084 | -2.4% |
| Other operating charges | 640/8 | €8,444 | €7,255 | -€1,189 | -14.1% |
| Gross operating margin | 9900 | €54,109 | €44,026 | -€10,083 | -18.6% |
| Operating profit (loss) | 9901 | €1,013 | -€6,797 | -€7,810 | |
| Financial income | 75/76B | €657 | €239 | -€419 | -63.7% |
| Recurring financial income | 75 | €657 | €239 | -€419 | -63.7% |
| Financial charges | 65/66B | €11,753 | €10,722 | -€1,032 | -8.8% |
| Recurring financial charges | 65 | €11,753 | €10,722 | -€1,032 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,083 | -€17,280 | -€7,197 | -71.4% |
| Transfer from deferred taxes | 780 | €597 | €317 | -€280 | -46.9% |
| Income taxes | 67/77 | €656 | €591 | -€65 | -10.0% |
| Profit (loss) for the period | 9904 | -€10,142 | -€17,554 | -€7,411 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,142 | -€17,554 | -€7,411 | -73.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.