Verhoeven Kevin: what changed
Verhoeven Kevin
Largest movements
- Tangible fixed assets +€350,363
up €350,363 (+878%), from €39,924 to €390,287
of which Land and buildings: +€358,324
- Receivables within one year +€117,436
up €117,436 (+355%), from €33,072 to €150,507
of which Other amounts receivable: +€111,953
- Cash -€33,583
down €33,583 (-9.1%), from €368,263 to €334,680
mainly Investment in fixed assets (net) (-€366,892) and Contributions, distributions and other (-€201,000)
- Debts after one year +€279,580
up €279,580, from €0 to €279,580
- Other debts +€142,232
up €142,232 (+381%), from €37,355 to €179,587
- Reserves -€17,457
down €17,457 (-5.7%), from €308,060 to €290,604
- Current portion of long-term debt +€13,854
up €13,854 (+886%), from €1,564 to €15,418
- Tax, wage and social debts +€11,494
up €11,494 (+14.5%), from €79,084 to €90,578
of which Taxes: +€9,314
- Financial income +€119,842
up €119,842 (+5,124%), from €2,339 to €122,181
- Gross operating margin -€35,149
down €35,149 (-19.8%), from €177,679 to €142,530
- Taxes +€10,133
up €10,133 (+27.2%), from €37,234 to €47,368
- Staff costs +€8,924
new in 2025: €8,924
- Financial charges +€5,433
up €5,433 (+277%), from €1,959 to €7,392
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,542 | €880,743 | +€439,202 | +99.5% |
| Fixed assets | 21/28 | €39,924 | €393,287 | +€353,363 | +885% |
| Tangible fixed assets | 22/27 | €39,924 | €390,287 | +€350,363 | +878% |
| Land and buildings | 22 | - | €358,324 | +€358,324 | |
| Plant, machinery and equipment | 23 | €936 | €0 | -€936 | -100% |
| Furniture and vehicles | 24 | €33,277 | €25,541 | -€7,737 | -23.2% |
| Leasing and similar rights | 25 | €298 | €0 | -€298 | -100% |
| Other tangible fixed assets | 26 | €5,413 | €6,423 | +€1,010 | +18.7% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €401,618 | €487,456 | +€85,838 | +21.4% |
| Amounts receivable within one year | 40/41 | €33,072 | €150,507 | +€117,436 | +355% |
| Trade receivables | 40 | €28,444 | €33,927 | +€5,483 | +19.3% |
| Other amounts receivable | 41 | €4,627 | €116,580 | +€111,953 | +2,419% |
| Cash at bank and in hand | 54/58 | €368,263 | €334,680 | -€33,583 | -9.1% |
| Deferred charges and accrued income | 490/1 | €283 | €2,269 | +€1,985 | +701% |
| Total equity and liabilities | 10/49 | €441,542 | €880,743 | +€439,202 | +99.5% |
| Equity | 10/15 | €313,060 | €295,604 | -€17,457 | -5.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €308,060 | €290,604 | -€17,457 | -5.7% |
| Distributable reserves | 133 | €308,060 | €290,604 | -€17,457 | -5.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €128,481 | €585,140 | +€456,658 | +355% |
| Amounts payable after more than one year | 17 | €0 | €279,580 | +€279,580 | |
| Financial debts | 170/4 | €0 | €279,580 | +€279,580 | |
| Amounts payable within one year | 42/48 | €126,754 | €301,124 | +€174,370 | +138% |
| Current portion of amounts payable after more than one year | 42 | €1,564 | €15,418 | +€13,854 | +886% |
| Trade debts | 44 | €8,751 | €15,541 | +€6,789 | +77.6% |
| Suppliers | 440/4 | €8,751 | €15,541 | +€6,789 | +77.6% |
| Taxes, remuneration and social security | 45 | €79,084 | €90,578 | +€11,494 | +14.5% |
| Taxes | 450/3 | €76,838 | €86,151 | +€9,314 | +12.1% |
| Remuneration and social security | 454/9 | €2,246 | €4,427 | +€2,181 | +97.1% |
| Other amounts payable | 47/48 | €37,355 | €179,587 | +€142,232 | +381% |
| Accrued charges and deferred income | 492/3 | €1,727 | €4,436 | +€2,709 | +157% |
| Non-recurring operating income | 76A | - | €25,704 | +€25,704 | |
| Remuneration, social security and pensions | 62 | - | €8,924 | +€8,924 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,669 | €13,529 | +€4,859 | +56.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €570 | €1,841 | +€1,271 | +223% |
| Other operating charges | 640/8 | €1,441 | €2,113 | +€673 | +46.7% |
| Gross operating margin | 9900 | €177,679 | €142,530 | -€35,149 | -19.8% |
| Operating profit (loss) | 9901 | €166,999 | €116,122 | -€50,877 | -30.5% |
| Financial income | 75/76B | €2,339 | €122,181 | +€119,842 | +5,124% |
| Recurring financial income | 75 | €2,339 | €122,181 | +€119,842 | +5,124% |
| Financial charges | 65/66B | €1,959 | €7,392 | +€5,433 | +277% |
| Recurring financial charges | 65 | €1,959 | €7,392 | +€5,433 | +277% |
| Profit (loss) for the period before taxes | 9903 | €167,379 | €230,911 | +€63,532 | +38.0% |
| Income taxes | 67/77 | €37,234 | €47,368 | +€10,133 | +27.2% |
| Profit (loss) for the period | 9904 | €130,145 | €183,543 | +€53,399 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,145 | €183,543 | +€53,399 | +41.0% |
Next steps
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 5 November 2026 via checked.be.