VERHOEVEN DUFFEL: 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.
VERHOEVEN DUFFEL
Largest movements
- Receivables within one year -€43,783
down €43,783 (-35.6%), from €122,847 to €79,064
of which Trade receivables: -€36,597
- Tangible fixed assets -€20,429
down €20,429 (-4.2%), from €482,420 to €461,990
of which Land and buildings: -€19,900
- Profit (loss) carried forward +€198,282
no longer reported in 2025 (was -€198,282)
- Reserves -€180,554
down €180,554 (-98.7%), from €182,853 to €2,298
- Other debts -€57,446
down €57,446 (-21.5%), from €266,837 to €209,391
- Debts after one year -€30,841
down €30,841 (-9.0%), from €342,126 to €311,285
of which Financial debts: -€30,841
- Tax, wage and social debts +€7,616
up €7,616 (+132%), from €5,756 to €13,372
of which Remuneration and social security: +€7,112
- Gross operating margin +€30,317
up €30,317 (+26.6%), from €113,811 to €144,127
- Staff costs +€20,507
up €20,507 (+48.5%), from €42,263 to €62,771
- Other operating charges +€4,124
up €4,124 (+19.7%), from €20,916 to €25,041
- Financial charges +€2,494
up €2,494 (+16.6%), from €15,040 to €17,533
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 | €756,658 | €699,622 | -€57,036 | -7.5% |
| Fixed assets | 21/28 | €482,420 | €461,990 | -€20,429 | -4.2% |
| Tangible fixed assets | 22/27 | €482,420 | €461,990 | -€20,429 | -4.2% |
| Land and buildings | 22 | €478,257 | €458,357 | -€19,900 | -4.2% |
| Plant, machinery and equipment | 23 | €3,447 | €3,168 | -€280 | -8.1% |
| Furniture and vehicles | 24 | €716 | €466 | -€250 | -34.9% |
| Current assets | 29/58 | €274,238 | €237,632 | -€36,607 | -13.3% |
| Stocks and contracts in progress | 3 | €14,699 | €19,335 | +€4,636 | +31.5% |
| Stocks | 30/36 | €14,699 | €19,335 | +€4,636 | +31.5% |
| Amounts receivable within one year | 40/41 | €122,847 | €79,064 | -€43,783 | -35.6% |
| Trade receivables | 40 | €107,738 | €71,141 | -€36,597 | -34.0% |
| Other amounts receivable | 41 | €15,109 | €7,923 | -€7,186 | -47.6% |
| Cash at bank and in hand | 54/58 | €126,062 | €132,075 | +€6,013 | +4.8% |
| Deferred charges and accrued income | 490/1 | €10,630 | €7,158 | -€3,472 | -32.7% |
| Total equity and liabilities | 10/49 | €756,658 | €699,622 | -€57,036 | -7.5% |
| Equity | 10/15 | €96,123 | €113,850 | +€17,727 | +18.4% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Contributions outside capital | 11 | €111,552 | - | -€111,552 | |
| Other | 1109/19 | €111,552 | - | -€111,552 | |
| Reserves | 13 | €182,853 | €2,298 | -€180,554 | -98.7% |
| Distributable reserves | 133 | €182,853 | €2,298 | -€180,554 | -98.7% |
| Profit (loss) carried forward | 14 | -€198,282 | - | +€198,282 | |
| Amounts payable | 17/49 | €660,535 | €585,772 | -€74,763 | -11.3% |
| Amounts payable after more than one year | 17 | €342,126 | €311,285 | -€30,841 | -9.0% |
| Financial debts | 170/4 | €339,926 | €309,085 | -€30,841 | -9.1% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €317,510 | €273,624 | -€43,886 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €29,648 | €30,841 | +€1,192 | +4.0% |
| Trade debts | 44 | €15,269 | €20,020 | +€4,752 | +31.1% |
| Suppliers | 440/4 | €15,269 | €20,020 | +€4,752 | +31.1% |
| Taxes, remuneration and social security | 45 | €5,756 | €13,372 | +€7,616 | +132% |
| Taxes | 450/3 | €92 | €596 | +€504 | +548% |
| Remuneration and social security | 454/9 | €5,664 | €12,777 | +€7,112 | +126% |
| Other amounts payable | 47/48 | €266,837 | €209,391 | -€57,446 | -21.5% |
| Accrued charges and deferred income | 492/3 | €899 | €862 | -€36 | -4.0% |
| Remuneration, social security and pensions | 62 | €42,263 | €62,771 | +€20,507 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,325 | €21,687 | +€362 | +1.7% |
| Other operating charges | 640/8 | €20,916 | €25,041 | +€4,124 | +19.7% |
| Gross operating margin | 9900 | €113,811 | €144,127 | +€30,317 | +26.6% |
| Operating profit (loss) | 9901 | €29,306 | €34,629 | +€5,322 | +18.2% |
| Financial income | 75/76B | €352 | €632 | +€280 | +79.4% |
| Recurring financial income | 75 | €352 | €632 | +€280 | +79.4% |
| Financial charges | 65/66B | €15,040 | €17,533 | +€2,494 | +16.6% |
| Recurring financial charges | 65 | €15,040 | €17,533 | +€2,494 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €14,619 | €17,727 | +€3,108 | +21.3% |
| Profit (loss) for the period | 9904 | €14,619 | €17,727 | +€3,108 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,619 | €17,727 | +€3,108 | +21.3% |
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 29 October 2026 via checked.be.