Verholen: 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.
Verholen
Largest movements
- Stocks and contracts -€7,500
no longer reported in 2025 (was €7,500)
- Cash +€6,973
up €6,973 (+110%), from €6,325 to €13,298
mainly Net result for the year (+€13,223) and Stocks and contracts (+€7,500)
- Deferred charges and accrued income +€6,839
new in 2025: €6,839
- Receivables within one year -€5,831
down €5,831 (-27.2%), from €21,414 to €15,583
of which Trade receivables: -€11,781
- Tangible fixed assets +€3,075
up €3,075 (+244%), from €1,258 to €4,334
- Short-term financial debts -€14,427
no longer reported in 2025 (was €14,427)
- Reserves +€13,223
up €13,223 (+26.6%), from €49,681 to €62,904
- Tax, wage and social debts +€6,266
up €6,266 (+492%), from €1,274 to €7,540
- Accrued charges and deferred income +€3,114
new in 2025: €3,114
- Trade debts -€2,538
down €2,538 (-91.4%), from €2,776 to €238
- Gross operating margin -€20,558
down €20,558 (-44.7%), from €45,968 to €25,410
- Taxes +€4,984
new in 2025: €4,984
- Financial charges -€2,043
down €2,043 (-46.1%), from €4,431 to €2,389
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 | €36,797 | €40,354 | +€3,556 | +9.7% |
| Fixed assets | 21/28 | €1,558 | €4,634 | +€3,075 | +197% |
| Tangible fixed assets | 22/27 | €1,258 | €4,334 | +€3,075 | +244% |
| Furniture and vehicles | 24 | €1,258 | €4,334 | +€3,075 | +244% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €35,239 | €35,720 | +€481 | +1.4% |
| Stocks and contracts in progress | 3 | €7,500 | - | -€7,500 | |
| Stocks | 30/36 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €21,414 | €15,583 | -€5,831 | -27.2% |
| Trade receivables | 40 | €21,414 | €9,633 | -€11,781 | -55.0% |
| Other amounts receivable | 41 | - | €5,949 | +€5,949 | |
| Cash at bank and in hand | 54/58 | €6,325 | €13,298 | +€6,973 | +110% |
| Deferred charges and accrued income | 490/1 | - | €6,839 | +€6,839 | |
| Total equity and liabilities | 10/49 | €36,797 | €40,354 | +€3,556 | +9.7% |
| Equity | 10/15 | €5,907 | €19,130 | +€13,223 | +224% |
| Contributions | 10/11 | €37,575 | €37,575 | = | 0.0% |
| Reserves | 13 | €49,681 | €62,904 | +€13,223 | +26.6% |
| Distributable reserves | 133 | €49,681 | €62,904 | +€13,223 | +26.6% |
| Profit (loss) carried forward | 14 | -€81,349 | -€81,349 | = | 0.0% |
| Amounts payable | 17/49 | €30,890 | €21,223 | -€9,667 | -31.3% |
| Amounts payable within one year | 42/48 | €30,890 | €18,109 | -€12,781 | -41.4% |
| Financial debts | 43 | €14,427 | - | -€14,427 | |
| Credit institutions | 430/8 | €14,427 | - | -€14,427 | |
| Trade debts | 44 | €2,776 | €238 | -€2,538 | -91.4% |
| Suppliers | 440/4 | €2,776 | €238 | -€2,538 | -91.4% |
| Taxes, remuneration and social security | 45 | €1,274 | €7,540 | +€6,266 | +492% |
| Taxes | 450/3 | €1,274 | €7,540 | +€6,266 | +492% |
| Other amounts payable | 47/48 | €12,413 | €10,330 | -€2,083 | -16.8% |
| Accrued charges and deferred income | 492/3 | - | €3,114 | +€3,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €425 | +€198 | +87.6% |
| Other operating charges | 640/8 | €4,509 | €4,390 | -€119 | -2.6% |
| Gross operating margin | 9900 | €45,968 | €25,410 | -€20,558 | -44.7% |
| Operating profit (loss) | 9901 | €41,232 | €20,595 | -€20,637 | -50.1% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €4,431 | €2,389 | -€2,043 | -46.1% |
| Recurring financial charges | 65 | €4,431 | €2,389 | -€2,043 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €36,828 | €18,207 | -€18,622 | -50.6% |
| Income taxes | 67/77 | - | €4,984 | +€4,984 | |
| Profit (loss) for the period | 9904 | €36,828 | €13,223 | -€23,605 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,828 | €13,223 | -€23,605 | -64.1% |
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 24 October 2026 via checked.be.