VERHOEVEN CONTRACTING: 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.
What changed
VERHOEVEN CONTRACTING
NACE 41.003, General construction of other non-residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€356,609
2024 · €459,967-€103,359
Equity
€3.3m
2024 · €3.3m
Cash
€1.1m
2024 · €1.0m+€115,881
Balance sheet total
€10.5m
2024 · €9.7m+€754,815
Largest movements
Assets
- Receivables within one year +€442,410
up €442,410 (+20.7%), from €2.1m to €2.6m
of which Trade receivables: +€227,708
- Stocks and contracts +€402,424
up €402,424 (+13.4%), from €3.0m to €3.4m
of which Contracts in progress: +€314,674
- Tangible fixed assets -€250,201
down €250,201 (-9.2%), from €2.7m to €2.5m
- Cash +€115,881
up €115,881 (+11.5%), from €1.0m to €1.1m
mainly Trade debts (+€1.4m) and Net result for the year (+€356,609)
Equity and liabilities
- Trade debts +€1.4m
up €1.4m (+161%), from €883,348 to €2.3m
- Other debts -€313,113
down €313,113 (-16.4%), from €1.9m to €1.6m
- Short-term financial debts -€170,000
down €170,000 (-8.6%), from €2.0m to €1.8m
- Debts after one year -€130,252
down €130,252 (-8.9%), from €1.5m to €1.3m
Income statement
- Turnover -€6.2m
no longer reported in 2025 (was €6.2m)
- Goods and materials -€4.0m
no longer reported in 2025 (was €4.0m)
of which Purchases: -€4.1m
- Services and other goods -€1.5m
no longer reported in 2025 (was €1.5m)
- Other operating income -€1.4m
no longer reported in 2025 (was €1.4m)
- Gross operating margin +€1.4m
new in 2025: €1.4m
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.
Result 2024
€459,967
Turnover
-€6.2m
Other operating income
-€1.4m
Goods and materials
+€4.0m
Services and other goods
+€1.5m
Staff costs
+€62,335
Depreciation
+€4,572
Other operating charges
+€205,471
Other operating items
+€1.7m
Financial income
-€24,449
Financial charges
+€55,992
Taxes
+€38,869
Result 2025
€356,609
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€838,184
Investment
-€22,267
Financing
-€700,037
Cash 2024
€1.0m
From operations (derived)
+€838,184
Net result for the year
+€356,609
Depreciation
+€272,467
Stocks and contracts
-€402,424
Receivables within one year
-€442,410
Deferred charges and accrued income
-€44,300
Trade debts
+€1.4m
Tax, wage and social debts
-€11,637
Other debts
-€313,113
Investment (derived)
-€22,267
Investment in fixed assets (net)
-€22,267
Financing
-€700,037
Debts after one year
-€130,252
Current portion of long-term debt
-€43,176
Short-term financial debts
-€170,000
Contributions, distributions and other
-€356,609
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,748,110 | €10,502,925 | +€754,815 | +7.7% |
| Fixed assets | 21/28 | €2,719,780 | €2,469,579 | -€250,201 | -9.2% |
| Tangible fixed assets | 22/27 | €2,719,660 | €2,469,459 | -€250,201 | -9.2% |
| Land and buildings | 22 | €2,059,457 | €2,006,019 | -€53,438 | -2.6% |
| Plant, machinery and equipment | 23 | €187,676 | €160,472 | -€27,205 | -14.5% |
| Furniture and vehicles | 24 | €297,793 | €200,525 | -€97,268 | -32.7% |
| Leasing and similar rights | 25 | €174,734 | €102,443 | -€72,290 | -41.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Affiliated companies | 280/1 | €120 | - | -€120 | |
| Participating interests | 280 | €120 | - | -€120 | |
| Current assets | 29/58 | €7,028,330 | €8,033,346 | +€1.0m | +14.3% |
| Amounts receivable after more than one year | 29 | €850,000 | €850,000 | = | 0.0% |
| Other amounts receivable | 291 | €850,000 | €850,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,011,244 | €3,413,668 | +€402,424 | +13.4% |
| Stocks | 30/36 | €2,794,580 | €2,882,330 | +€87,750 | +3.1% |
| Raw materials and consumables | 30/31 | €152,631 | - | -€152,631 | |
| Property held for sale | 35 | €2,641,949 | - | -€2.6m | |
| Contracts in progress | 37 | €216,664 | €531,338 | +€314,674 | +145% |
| Amounts receivable within one year | 40/41 | €2,137,609 | €2,580,019 | +€442,410 | +20.7% |
| Trade receivables | 40 | €1,278,521 | €1,506,229 | +€227,708 | +17.8% |
| Other amounts receivable | 41 | €859,088 | €1,073,790 | +€214,702 | +25.0% |
| Cash at bank and in hand | 54/58 | €1,006,849 | €1,122,730 | +€115,881 | +11.5% |
| Deferred charges and accrued income | 490/1 | €22,629 | €66,929 | +€44,300 | +196% |
| Total equity and liabilities | 10/49 | €9,748,110 | €10,502,925 | +€754,815 | +7.7% |
| Equity | 10/15 | €3,270,454 | €3,270,454 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,208,454 | €3,208,454 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,202,254 | €3,202,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,477,656 | €7,232,471 | +€754,815 | +11.7% |
| Amounts payable after more than one year | 17 | €1,456,601 | €1,326,349 | -€130,252 | -8.9% |
| Financial debts | 170/4 | €1,456,601 | €1,326,349 | -€130,252 | -8.9% |
| Leasing and similar obligations | 172 | €89,950 | - | -€89,950 | |
| Credit institutions | 173 | €1,366,651 | - | -€1.4m | |
| Amounts payable within one year | 42/48 | €5,021,055 | €5,906,122 | +€885,067 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €172,079 | €128,904 | -€43,176 | -25.1% |
| Financial debts | 43 | €1,965,894 | €1,795,894 | -€170,000 | -8.6% |
| Credit institutions | 430/8 | €1,965,894 | €1,795,894 | -€170,000 | -8.6% |
| Trade debts | 44 | €883,348 | €2,306,341 | +€1.4m | +161% |
| Suppliers | 440/4 | €883,348 | €2,306,341 | +€1.4m | +161% |
| Taxes, remuneration and social security | 45 | €89,434 | €77,796 | -€11,637 | -13.0% |
| Taxes | 450/3 | €34,373 | €32,176 | -€2,197 | -6.4% |
| Remuneration and social security | 454/9 | €55,061 | €45,621 | -€9,440 | -17.1% |
| Other amounts payable | 47/48 | €1,910,300 | €1,597,187 | -€313,113 | -16.4% |
| Operating income | 70/76A | €7,331,604 | - | -€7.3m | |
| Turnover | 70 | €6,154,039 | - | -€6.2m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€261,674 | - | +€261,674 | |
| Other operating income | 74 | €1,439,239 | - | -€1.4m | |
| Operating charges | 60/66A | €6,466,472 | - | -€6.5m | |
| Goods for resale, raw materials and consumables | 60 | €3,954,970 | - | -€4.0m | |
| Purchases | 600/8 | €4,120,912 | - | -€4.1m | |
| Change in stocks: decrease (increase) | 609 | -€165,942 | - | +€165,942 | |
| Services and other goods | 61 | €1,492,792 | - | -€1.5m | |
| Remuneration, social security and pensions | 62 | €470,643 | €408,308 | -€62,335 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,039 | €272,467 | -€4,572 | -1.7% |
| Other operating charges | 640/8 | €271,028 | €65,557 | -€205,471 | -75.8% |
| Gross operating margin | 9900 | - | €1,437,695 | +€1.4m | |
| Operating profit (loss) | 9901 | €865,132 | €691,362 | -€173,770 | -20.1% |
| Financial income | 75/76B | €49,274 | €24,825 | -€24,449 | -49.6% |
| Recurring financial income | 75 | €49,274 | €24,825 | -€24,449 | -49.6% |
| Income from current assets | 751 | €33,791 | - | -€33,791 | |
| Other financial income | 752/9 | €15,484 | - | -€15,484 | |
| Financial charges | 65/66B | €277,302 | €221,310 | -€55,992 | -20.2% |
| Recurring financial charges | 65 | €277,302 | €221,310 | -€55,992 | -20.2% |
| Debt charges | 650 | €242,251 | - | -€242,251 | |
| Other financial charges | 652/9 | €35,051 | - | -€35,051 | |
| Profit (loss) for the period before taxes | 9903 | €637,104 | €494,876 | -€142,227 | -22.3% |
| Income taxes | 67/77 | €177,136 | €138,268 | -€38,869 | -21.9% |
| Taxes | 670/3 | €177,136 | - | -€177,136 | |
| Profit (loss) for the period | 9904 | €459,967 | €356,609 | -€103,359 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €459,967 | €356,609 | -€103,359 | -22.5% |
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 27 October 2026 via checked.be.