VERHOFSTE - DE KOUTER: 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.
VERHOFSTE - DE KOUTER
Largest movements
- Cash +€9,033
up €9,033 (+195%), from €4,640 to €13,672
mainly Stocks and contracts (+€5,626) and Trade debts (+€3,035)
- Stocks and contracts -€5,626
down €5,626 (-5.7%), from €98,877 to €93,251
- Trade debts +€3,035
up €3,035 (+60.4%), from €5,024 to €8,059
- Other debts -€1,782
down €1,782 (-6.7%), from €26,595 to €24,813
- Tax, wage and social debts +€1,780
up €1,780 (+172%), from €1,033 to €2,813
- Gross operating margin -€11,085
down €11,085 (-86.3%), from €12,848 to €1,763
- Financial income +€661
up €661 (+94.4%), from €700 to €1,361
- Staff costs -€600
no longer reported in 2025 (was €600)
- Financial charges -€189
down €189, from €152 to -€37
- Other operating charges -€150
down €150 (-8.8%), from €1,703 to €1,553
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 | €110,061 | €113,176 | +€3,115 | +2.8% |
| Fixed assets | 21/28 | €665 | €116 | -€549 | -82.6% |
| Tangible fixed assets | 22/27 | €665 | €116 | -€549 | -82.6% |
| Plant, machinery and equipment | 23 | €665 | €116 | -€549 | -82.6% |
| Current assets | 29/58 | €109,396 | €113,060 | +€3,665 | +3.4% |
| Stocks and contracts in progress | 3 | €98,877 | €93,251 | -€5,626 | -5.7% |
| Stocks | 30/36 | €98,877 | €93,251 | -€5,626 | -5.7% |
| Amounts receivable within one year | 40/41 | €1,673 | €1,957 | +€284 | +17.0% |
| Trade receivables | 40 | €1,673 | €1,957 | +€284 | +17.0% |
| Cash at bank and in hand | 54/58 | €4,640 | €13,672 | +€9,033 | +195% |
| Deferred charges and accrued income | 490/1 | €4,206 | €4,180 | -€26 | -0.6% |
| Total equity and liabilities | 10/49 | €110,061 | €113,176 | +€3,115 | +2.8% |
| Equity | 10/15 | €6,740 | €7,491 | +€751 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,729 | €52,729 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,863 | €10,863 | = | 0.0% |
| Distributable reserves | 133 | €41,866 | €41,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,189 | -€51,438 | +€751 | +1.4% |
| Amounts payable | 17/49 | €103,321 | €105,685 | +€2,364 | +2.3% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,652 | €35,685 | +€3,033 | +9.3% |
| Trade debts | 44 | €5,024 | €8,059 | +€3,035 | +60.4% |
| Suppliers | 440/4 | €5,024 | €8,059 | +€3,035 | +60.4% |
| Taxes, remuneration and social security | 45 | €1,033 | €2,813 | +€1,780 | +172% |
| Taxes | 450/3 | €1,033 | €2,813 | +€1,780 | +172% |
| Other amounts payable | 47/48 | €26,595 | €24,813 | -€1,782 | -6.7% |
| Accrued charges and deferred income | 492/3 | €669 | - | -€669 | |
| Remuneration, social security and pensions | 62 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €549 | = | 0.0% |
| Other operating charges | 640/8 | €1,703 | €1,553 | -€150 | -8.8% |
| Gross operating margin | 9900 | €12,848 | €1,763 | -€11,085 | -86.3% |
| Operating profit (loss) | 9901 | €9,995 | -€339 | -€10,335 | |
| Financial income | 75/76B | €700 | €1,361 | +€661 | +94.4% |
| Recurring financial income | 75 | €700 | €1,361 | +€661 | +94.4% |
| Financial charges | 65/66B | €152 | -€37 | -€189 | |
| Recurring financial charges | 65 | €152 | -€37 | -€189 | |
| Profit (loss) for the period before taxes | 9903 | €10,543 | €1,058 | -€9,485 | -90.0% |
| Income taxes | 67/77 | €386 | €307 | -€79 | -20.5% |
| Profit (loss) for the period | 9904 | €10,157 | €751 | -€9,406 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,157 | €751 | -€9,406 | -92.6% |
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 21 October 2026 via checked.be.