VERHUCA TRADING: 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.
VERHUCA TRADING
Largest movements
- Cash -€143,929
down €143,929 (-29.7%), from €485,250 to €341,321
mainly Trade debts (-€77,153) and Receivables within one year (-€73,960)
- Receivables within one year +€73,960
up €73,960 (+21.0%), from €352,417 to €426,377
of which Other amounts receivable: +€43,183
- Tangible fixed assets +€15,538
up €15,538 (+6.9%), from €224,977 to €240,515
of which Plant, machinery and equipment: +€36,211
- Trade debts -€77,153
down €77,153 (-61.5%), from €125,551 to €48,398
- Reserves +€28,027
up €28,027 (+3.1%), from €916,235 to €944,262
of which Distributable reserves: +€28,027
- Gross operating margin -€107,553
down €107,553 (-60.0%), from €179,358 to €71,805
- Taxes -€31,366
down €31,366 (-81.3%), from €38,559 to €7,193
- Depreciation +€11,288
up €11,288 (+58.3%), from €19,374 to €30,662
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 | €1,119,852 | €1,066,692 | -€53,160 | -4.7% |
| Fixed assets | 21/28 | €224,977 | €240,515 | +€15,538 | +6.9% |
| Tangible fixed assets | 22/27 | €224,977 | €240,515 | +€15,538 | +6.9% |
| Land and buildings | 22 | €149,573 | €148,700 | -€873 | -0.6% |
| Plant, machinery and equipment | 23 | €55,604 | €91,815 | +€36,211 | +65.1% |
| Assets under construction and advance payments | 27 | €19,800 | €0 | -€19,800 | -100% |
| Current assets | 29/58 | €894,875 | €826,177 | -€68,697 | -7.7% |
| Stocks and contracts in progress | 3 | €57,207 | €55,204 | -€2,003 | -3.5% |
| Stocks | 30/36 | €57,207 | €55,204 | -€2,003 | -3.5% |
| Amounts receivable within one year | 40/41 | €352,417 | €426,377 | +€73,960 | +21.0% |
| Trade receivables | 40 | €325,834 | €356,610 | +€30,776 | +9.4% |
| Other amounts receivable | 41 | €26,583 | €69,767 | +€43,183 | +162% |
| Cash at bank and in hand | 54/58 | €485,250 | €341,321 | -€143,929 | -29.7% |
| Deferred charges and accrued income | 490/1 | - | €3,274 | +€3,274 | |
| Total equity and liabilities | 10/49 | €1,119,852 | €1,066,692 | -€53,160 | -4.7% |
| Equity | 10/15 | €966,235 | €994,262 | +€28,027 | +2.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €916,235 | €944,262 | +€28,027 | +3.1% |
| Tax-exempt reserves | 132 | €2,937 | €2,937 | = | 0.0% |
| Distributable reserves | 133 | €913,298 | €941,325 | +€28,027 | +3.1% |
| Amounts payable | 17/49 | €153,617 | €72,430 | -€81,187 | -52.9% |
| Amounts payable within one year | 42/48 | €132,290 | €53,410 | -€78,880 | -59.6% |
| Trade debts | 44 | €125,551 | €48,398 | -€77,153 | -61.5% |
| Suppliers | 440/4 | €125,551 | €48,398 | -€77,153 | -61.5% |
| Taxes, remuneration and social security | 45 | €6,739 | €5,012 | -€1,726 | -25.6% |
| Taxes | 450/3 | €6,739 | €5,012 | -€1,726 | -25.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €21,327 | €19,020 | -€2,307 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,374 | €30,662 | +€11,288 | +58.3% |
| Other operating charges | 640/8 | €12,188 | €12,581 | +€393 | +3.2% |
| Gross operating margin | 9900 | €179,358 | €71,805 | -€107,553 | -60.0% |
| Operating profit (loss) | 9901 | €147,796 | €28,562 | -€119,235 | -80.7% |
| Financial income | 75/76B | €6,829 | €7,077 | +€248 | +3.6% |
| Recurring financial income | 75 | €6,829 | €7,077 | +€248 | +3.6% |
| Financial charges | 65/66B | €391 | €418 | +€28 | +7.0% |
| Recurring financial charges | 65 | €391 | €418 | +€28 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €154,234 | €35,220 | -€119,014 | -77.2% |
| Income taxes | 67/77 | €38,559 | €7,193 | -€31,366 | -81.3% |
| Profit (loss) for the period | 9904 | €115,676 | €28,027 | -€87,648 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,676 | €28,027 | -€87,648 | -75.8% |
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 22 October 2026 via checked.be.