Verhoeven PB: 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 PB
Largest movements
- Financial fixed assets -€765,577
down €765,577 (-54.0%), from €1.4m to €653,423
- Profit (loss) carried forward -€366,684
down €366,684 (-790%), from -€46,434 to -€413,117
- Other debts -€283,790
down €283,790 (-96.4%), from €294,290 to €10,500
- Current portion of long-term debt -€59,903
no longer reported in 2025 (was €59,903)
- Debts after one year -€50,944
down €50,944 (-8.5%), from €597,417 to €546,473
of which Financial debts: -€50,944
- Financial charges +€364,828
up €364,828 (+10,918%), from €3,341 to €368,170
of which Non-recurring financial charges: +€365,577
- Gross operating margin +€4,452
up €4,452, from -€2,967 to €1,486
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 | €1,419,003 | €666,838 | -€752,165 | -53.0% |
| Fixed assets | 21/28 | €1,419,000 | €653,423 | -€765,577 | -54.0% |
| Financial fixed assets | 28 | €1,419,000 | €653,423 | -€765,577 | -54.0% |
| Current assets | 29/58 | €3 | €13,415 | +€13,412 | +405,189% |
| Cash at bank and in hand | 54/58 | €3 | €12,160 | +€12,157 | +367,273% |
| Deferred charges and accrued income | 490/1 | - | €1,255 | +€1,255 | |
| Total equity and liabilities | 10/49 | €1,419,003 | €666,838 | -€752,165 | -53.0% |
| Equity | 10/15 | €426,093 | €59,410 | -€366,684 | -86.1% |
| Contributions | 10/11 | €472,527 | €472,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,434 | -€413,117 | -€366,684 | -790% |
| Amounts payable | 17/49 | €992,910 | €607,428 | -€385,482 | -38.8% |
| Amounts payable after more than one year | 17 | €597,417 | €546,473 | -€50,944 | -8.5% |
| Financial debts | 170/4 | €50,944 | - | -€50,944 | |
| Other amounts payable | 178/9 | €546,473 | €546,473 | = | 0.0% |
| Amounts payable within one year | 42/48 | €354,193 | €19,655 | -€334,537 | -94.5% |
| Current portion of amounts payable after more than one year | 42 | €59,903 | - | -€59,903 | |
| Trade debts | 44 | - | €2,423 | +€2,423 | |
| Suppliers | 440/4 | - | €2,423 | +€2,423 | |
| Taxes, remuneration and social security | 45 | - | €6,732 | +€6,732 | |
| Taxes | 450/3 | - | €3,454 | +€3,454 | |
| Remuneration and social security | 454/9 | - | €3,279 | +€3,279 | |
| Other amounts payable | 47/48 | €294,290 | €10,500 | -€283,790 | -96.4% |
| Accrued charges and deferred income | 492/3 | €41,300 | €41,300 | = | 0.0% |
| Gross operating margin | 9900 | -€2,967 | €1,486 | +€4,452 | |
| Operating profit (loss) | 9901 | -€2,967 | €1,486 | +€4,452 | |
| Financial charges | 65/66B | €3,341 | €368,170 | +€364,828 | +10,918% |
| Recurring financial charges | 65 | €3,341 | €2,592 | -€749 | -22.4% |
| Non-recurring financial charges | 66B | - | €365,577 | +€365,577 | |
| Profit (loss) for the period before taxes | 9903 | -€6,308 | -€366,684 | -€360,376 | -5,713% |
| Profit (loss) for the period | 9904 | -€6,308 | -€366,684 | -€360,376 | -5,713% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,308 | -€366,684 | -€360,376 | -5,713% |
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 16 October 2026 via checked.be.