VERHOEVEN G.: 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 G.
Largest movements
- Stocks and contracts +€210,143
new in 2025: €210,143
- Receivables within one year -€17,538
down €17,538 (-24.5%), from €71,587 to €54,049
- Contributions +€200,976
up €200,976 (+324%), from €62,000 to €262,976
- Trade debts -€184,961
down €184,961 (-99.8%), from €185,292 to €332
- Other debts +€99,661
up €99,661 (+629%), from €15,846 to €115,507
- Short-term financial debts +€87,000
new in 2025: €87,000
- Profit (loss) carried forward -€11,934
down €11,934 (-2.3%), from -€516,053 to -€527,987
- Depreciation -€4,480
down €4,480 (-100%), from €4,480 to €0
- Gross operating margin +€2,363
up €2,363 (+21.3%), from -€11,085 to -€8,721
- Financial charges +€2,160
up €2,160 (+278%), from €776 to €2,935
- Financial income -€915
down €915 (-100%), from €915 to €0
- Other operating charges -€119
down €119 (-35.6%), from €335 to €215
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 | €74,810 | €266,180 | +€191,370 | +256% |
| Fixed assets | 21/28 | €746 | €746 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €746 | €746 | = | 0.0% |
| Current assets | 29/58 | €74,064 | €265,434 | +€191,370 | +258% |
| Stocks and contracts in progress | 3 | - | €210,143 | +€210,143 | |
| Stocks | 30/36 | - | €210,143 | +€210,143 | |
| Amounts receivable within one year | 40/41 | €71,587 | €54,049 | -€17,538 | -24.5% |
| Other amounts receivable | 41 | €71,587 | €54,049 | -€17,538 | -24.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,704 | €524 | -€1,179 | -69.2% |
| Deferred charges and accrued income | 490/1 | €773 | €718 | -€55 | -7.2% |
| Total equity and liabilities | 10/49 | €74,810 | €266,180 | +€191,370 | +256% |
| Equity | 10/15 | -€126,661 | €62,382 | +€189,042 | |
| Contributions | 10/11 | €62,000 | €262,976 | +€200,976 | +324% |
| Capital | 10 | €62,000 | €262,976 | +€200,976 | +324% |
| Issued capital | 100 | €62,000 | €262,976 | +€200,976 | +324% |
| Reserves | 13 | €327,392 | €327,392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,883 | €7,883 | = | 0.0% |
| Distributable reserves | 133 | €313,309 | €313,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€516,053 | -€527,987 | -€11,934 | -2.3% |
| Amounts payable | 17/49 | €201,471 | €203,799 | +€2,328 | +1.2% |
| Amounts payable within one year | 42/48 | €201,471 | €203,183 | +€1,712 | +0.8% |
| Financial debts | 43 | - | €87,000 | +€87,000 | |
| Credit institutions | 430/8 | - | €87,000 | +€87,000 | |
| Trade debts | 44 | €185,292 | €332 | -€184,961 | -99.8% |
| Suppliers | 440/4 | €185,292 | €332 | -€184,961 | -99.8% |
| Taxes, remuneration and social security | 45 | €332 | €344 | +€12 | +3.6% |
| Taxes | 450/3 | €332 | €344 | +€12 | +3.6% |
| Other amounts payable | 47/48 | €15,846 | €115,507 | +€99,661 | +629% |
| Accrued charges and deferred income | 492/3 | - | €616 | +€616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,480 | €0 | -€4,480 | -100% |
| Other operating charges | 640/8 | €335 | €215 | -€119 | -35.6% |
| Gross operating margin | 9900 | -€11,085 | -€8,721 | +€2,363 | +21.3% |
| Operating profit (loss) | 9901 | -€15,900 | -€8,937 | +€6,963 | +43.8% |
| Financial income | 75/76B | €915 | €0 | -€915 | -100% |
| Recurring financial income | 75 | €915 | €0 | -€915 | -100% |
| Financial charges | 65/66B | €776 | €2,935 | +€2,160 | +278% |
| Recurring financial charges | 65 | €776 | €2,935 | +€2,160 | +278% |
| Profit (loss) for the period before taxes | 9903 | -€15,760 | -€11,872 | +€3,888 | +24.7% |
| Income taxes | 67/77 | €61 | €62 | +€2 | +2.6% |
| Profit (loss) for the period | 9904 | -€15,821 | -€11,934 | +€3,886 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,821 | -€11,934 | +€3,886 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.