VERHOEVEN PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Cash +€56,152
up €56,152 (+31.8%), from €176,817 to €232,969
mainly Net result for the year (+€131,456) and Other debts (+€120,000)
- Receivables within one year -€44,578
down €44,578 (-30.4%), from €146,726 to €102,148
of which Trade receivables: -€37,504
- Current investments +€36,102
up €36,102 (+60.3%), from €59,836 to €95,938
- Tangible fixed assets -€24,455
down €24,455 (-32.0%), from €76,526 to €52,071
of which Furniture and vehicles: -€17,757
- Other debts +€120,000
up €120,000 (+1000.0%), from €12,000 to €132,000
- Profit (loss) carried forward -€115,034
down €115,034 (-90.9%), from €126,490 to €11,456
- Debts after one year +€52,279
up €52,279 (+37.3%), from €140,222 to €192,501
of which Other amounts payable: +€57,888
- Trade debts -€30,413
down €30,413 (-42.3%), from €71,946 to €41,533
- Gross operating margin +€6,962
up €6,962 (+3.5%), from €200,186 to €207,148
- Other operating charges -€2,894
down €2,894 (-63.1%), from €4,585 to €1,691
- Taxes +€2,516
up €2,516 (+7.1%), from €35,520 to €38,036
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.
Cash bridge derived
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 | €459,905 | €483,126 | +€23,221 | +5.0% |
| Fixed assets | 21/28 | €76,526 | €52,071 | -€24,455 | -32.0% |
| Tangible fixed assets | 22/27 | €76,526 | €52,071 | -€24,455 | -32.0% |
| Land and buildings | 22 | €36,402 | €30,491 | -€5,912 | -16.2% |
| Plant, machinery and equipment | 23 | €4,721 | €3,935 | -€787 | -16.7% |
| Furniture and vehicles | 24 | €35,402 | €17,645 | -€17,757 | -50.2% |
| Current assets | 29/58 | €383,379 | €431,055 | +€47,676 | +12.4% |
| Amounts receivable within one year | 40/41 | €146,726 | €102,148 | -€44,578 | -30.4% |
| Trade receivables | 40 | €121,756 | €84,252 | -€37,504 | -30.8% |
| Other amounts receivable | 41 | €24,970 | €17,896 | -€7,074 | -28.3% |
| Current investments | 50/53 | €59,836 | €95,938 | +€36,102 | +60.3% |
| Cash at bank and in hand | 54/58 | €176,817 | €232,969 | +€56,152 | +31.8% |
| Total equity and liabilities | 10/49 | €459,905 | €483,126 | +€23,221 | +5.0% |
| Equity | 10/15 | €214,950 | €99,916 | -€115,034 | -53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,860 | €69,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,000 | €68,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,490 | €11,456 | -€115,034 | -90.9% |
| Amounts payable | 17/49 | €244,955 | €383,211 | +€138,256 | +56.4% |
| Amounts payable after more than one year | 17 | €140,222 | €192,501 | +€52,279 | +37.3% |
| Financial debts | 170/4 | €5,609 | - | -€5,609 | |
| Other amounts payable | 178/9 | €134,613 | €192,501 | +€57,888 | +43.0% |
| Amounts payable within one year | 42/48 | €90,804 | €179,142 | +€88,337 | +97.3% |
| Current portion of amounts payable after more than one year | 42 | €6,063 | €5,609 | -€454 | -7.5% |
| Trade debts | 44 | €71,946 | €41,533 | -€30,413 | -42.3% |
| Suppliers | 440/4 | €71,946 | €41,533 | -€30,413 | -42.3% |
| Taxes, remuneration and social security | 45 | €796 | - | -€796 | |
| Taxes | 450/3 | €796 | - | -€796 | |
| Other amounts payable | 47/48 | €12,000 | €132,000 | +€120,000 | +1000.0% |
| Accrued charges and deferred income | 492/3 | €13,929 | €11,568 | -€2,361 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,216 | €26,801 | -€415 | -1.5% |
| Other operating charges | 640/8 | €4,585 | €1,691 | -€2,894 | -63.1% |
| Gross operating margin | 9900 | €200,186 | €207,148 | +€6,962 | +3.5% |
| Operating profit (loss) | 9901 | €168,385 | €178,656 | +€10,271 | +6.1% |
| Financial income | 75/76B | €3,146 | €1,191 | -€1,955 | -62.1% |
| Recurring financial income | 75 | €3,146 | €1,191 | -€1,955 | -62.1% |
| Financial charges | 65/66B | €9,521 | €10,356 | +€835 | +8.8% |
| Recurring financial charges | 65 | €9,521 | €10,356 | +€835 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €162,010 | €169,492 | +€7,482 | +4.6% |
| Income taxes | 67/77 | €35,520 | €38,036 | +€2,516 | +7.1% |
| Profit (loss) for the period | 9904 | €126,490 | €131,456 | +€4,966 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,490 | €131,456 | +€4,966 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.