VERHOFSTE: 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.
VERHOFSTE
Largest movements
- Cash +€40,338
up €40,338 (+32.0%), from €126,202 to €166,540
mainly Net result for the year (+€13,000) and Receivables within one year (+€11,781)
- Receivables within one year -€11,781
down €11,781 (-64.3%), from €18,319 to €6,538
of which Trade receivables: -€10,468
- Tangible fixed assets -€10,471
down €10,471 (-20.6%), from €50,800 to €40,329
of which Land and buildings: -€6,891
- Receivables after one year -€2,662
down €2,662 (-14.5%), from €18,307 to €15,645
- Reserves +€12,000
up €12,000 (+11.0%), from €109,043 to €121,043
of which Distributable reserves: +€12,000
- Trade debts +€2,851
up €2,851 (+99.4%), from €2,870 to €5,721
- Gross operating margin -€825
down €825 (-2.4%), from €34,848 to €34,023
- Financial income +€571
up €571 (+264.9%), from €216 to €787
- Other operating charges +€408
up €408 (+9.7%), from €4,194 to €4,602
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 | €213,628 | €229,052 | +€15,424 | +7.2% |
| Fixed assets | 21/28 | €50,800 | €40,329 | -€10,471 | -20.6% |
| Tangible fixed assets | 22/27 | €50,800 | €40,329 | -€10,471 | -20.6% |
| Land and buildings | 22 | €45,249 | €38,357 | -€6,891 | -15.2% |
| Furniture and vehicles | 24 | €5,551 | €1,971 | -€3,580 | -64.5% |
| Current assets | 29/58 | €162,828 | €188,723 | +€25,895 | +15.9% |
| Amounts receivable after more than one year | 29 | €18,307 | €15,645 | -€2,662 | -14.5% |
| Trade receivables | 290 | €18,307 | €15,645 | -€2,662 | -14.5% |
| Amounts receivable within one year | 40/41 | €18,319 | €6,538 | -€11,781 | -64.3% |
| Trade receivables | 40 | €16,879 | €6,410 | -€10,468 | -62.0% |
| Other amounts receivable | 41 | €1,440 | €128 | -€1,312 | -91.1% |
| Cash at bank and in hand | 54/58 | €126,202 | €166,540 | +€40,338 | +32.0% |
| Total equity and liabilities | 10/49 | €213,628 | €229,052 | +€15,424 | +7.2% |
| Equity | 10/15 | €196,614 | €209,614 | +€13,000 | +6.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €109,043 | €121,043 | +€12,000 | +11.0% |
| Tax-exempt reserves | 132 | €7,043 | €7,043 | = | 0.0% |
| Distributable reserves | 133 | €102,000 | €114,000 | +€12,000 | +11.8% |
| Profit (loss) carried forward | 14 | €62,571 | €63,571 | +€1,000 | +1.6% |
| Amounts payable | 17/49 | €17,014 | €19,438 | +€2,424 | +14.2% |
| Amounts payable within one year | 42/48 | €17,014 | €19,438 | +€2,424 | +14.2% |
| Trade debts | 44 | €2,870 | €5,721 | +€2,851 | +99.4% |
| Suppliers | 440/4 | €2,870 | €5,721 | +€2,851 | +99.4% |
| Taxes, remuneration and social security | 45 | €9,920 | €9,493 | -€427 | -4.3% |
| Taxes | 450/3 | €9,920 | €6,291 | -€3,629 | -36.6% |
| Remuneration and social security | 454/9 | - | €3,202 | +€3,202 | |
| Other amounts payable | 47/48 | €4,224 | €4,224 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,472 | €10,471 | -€1 | 0.0% |
| Other operating charges | 640/8 | €4,194 | €4,602 | +€408 | +9.7% |
| Gross operating margin | 9900 | €34,848 | €34,023 | -€825 | -2.4% |
| Operating profit (loss) | 9901 | €20,182 | €18,950 | -€1,232 | -6.1% |
| Financial income | 75/76B | €216 | €787 | +€571 | +264.9% |
| Recurring financial income | 75 | €216 | €787 | +€571 | +264.9% |
| Financial charges | 65/66B | €224 | €210 | -€14 | -6.1% |
| Recurring financial charges | 65 | €224 | €210 | -€14 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €20,174 | €19,526 | -€647 | -3.2% |
| Income taxes | 67/77 | €6,605 | €6,527 | -€79 | -1.2% |
| Profit (loss) for the period | 9904 | €13,569 | €13,000 | -€569 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,569 | €13,000 | -€569 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.