VERHUIZINGEN COPPENS: 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.
VERHUIZINGEN COPPENS
Largest movements
- Cash +€45,489
up €45,489 (+19.2%), from €236,703 to €282,193
mainly Depreciation (+€120,267) and Tax, wage and social debts (+€69,314)
- Receivables within one year +€16,577
up €16,577 (+4.8%), from €345,073 to €361,649
of which Trade receivables: +€31,980
- Tax, wage and social debts +€69,314
up €69,314 (+48.8%), from €142,044 to €211,357
of which Taxes: +€39,932
- Reserves +€58,567
up €58,567 (+12.1%), from €484,461 to €543,028
of which Distributable reserves: +€58,567
- Other debts -€58,025
down €58,025 (-40.4%), from €143,489 to €85,464
- Gross operating margin +€79,673
up €79,673 (+7.3%), from €1.1m to €1.2m
- Staff costs +€76,130
up €76,130 (+8.9%), from €858,231 to €934,361
- Depreciation +€30,079
up €30,079 (+33.4%), from €90,189 to €120,267
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 | €930,812 | €996,866 | +€66,054 | +7.1% |
| Fixed assets | 21/28 | €340,358 | €345,236 | +€4,879 | +1.4% |
| Tangible fixed assets | 22/27 | €339,836 | €344,715 | +€4,879 | +1.4% |
| Plant, machinery and equipment | 23 | €20,677 | €28,931 | +€8,254 | +39.9% |
| Furniture and vehicles | 24 | €274,834 | €279,014 | +€4,180 | +1.5% |
| Leasing and similar rights | 25 | €43,935 | €36,435 | -€7,500 | -17.1% |
| Other tangible fixed assets | 26 | €390 | €334 | -€56 | -14.3% |
| Financial fixed assets | 28 | €522 | €522 | = | 0.0% |
| Current assets | 29/58 | €590,455 | €651,630 | +€61,175 | +10.4% |
| Amounts receivable within one year | 40/41 | €345,073 | €361,649 | +€16,577 | +4.8% |
| Trade receivables | 40 | €326,782 | €358,762 | +€31,980 | +9.8% |
| Other amounts receivable | 41 | €18,291 | €2,887 | -€15,404 | -84.2% |
| Cash at bank and in hand | 54/58 | €236,703 | €282,193 | +€45,489 | +19.2% |
| Deferred charges and accrued income | 490/1 | €8,679 | €7,788 | -€891 | -10.3% |
| Total equity and liabilities | 10/49 | €930,812 | €996,866 | +€66,054 | +7.1% |
| Equity | 10/15 | €546,434 | €605,001 | +€58,567 | +10.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €484,461 | €543,028 | +€58,567 | +12.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €478,264 | €536,831 | +€58,567 | +12.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €384,378 | €391,865 | +€7,487 | +1.9% |
| Amounts payable after more than one year | 17 | €3,750 | €0 | -€3,750 | -100% |
| Financial debts | 170/4 | €3,750 | €0 | -€3,750 | -100% |
| Amounts payable within one year | 42/48 | €380,628 | €391,833 | +€11,205 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €13,545 | €3,750 | -€9,795 | -72.3% |
| Trade debts | 44 | €81,550 | €91,262 | +€9,711 | +11.9% |
| Suppliers | 440/4 | €81,550 | €91,262 | +€9,711 | +11.9% |
| Taxes, remuneration and social security | 45 | €142,044 | €211,357 | +€69,314 | +48.8% |
| Taxes | 450/3 | €25,724 | €65,656 | +€39,932 | +155% |
| Remuneration and social security | 454/9 | €116,319 | €145,701 | +€29,382 | +25.3% |
| Other amounts payable | 47/48 | €143,489 | €85,464 | -€58,025 | -40.4% |
| Accrued charges and deferred income | 492/3 | €0 | €32 | +€32 | |
| Remuneration, social security and pensions | 62 | €858,231 | €934,361 | +€76,130 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,189 | €120,267 | +€30,079 | +33.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,443 | €0 | -€7,443 | -100% |
| Other operating charges | 640/8 | €5,893 | €9,215 | +€3,322 | +56.4% |
| Gross operating margin | 9900 | €1,091,636 | €1,171,309 | +€79,673 | +7.3% |
| Operating profit (loss) | 9901 | €129,880 | €107,466 | -€22,414 | -17.3% |
| Financial income | 75/76B | €222 | €14 | -€208 | -93.7% |
| Recurring financial income | 75 | €222 | €14 | -€208 | -93.7% |
| Financial charges | 65/66B | €4,941 | €5,526 | +€585 | +11.8% |
| Recurring financial charges | 65 | €4,941 | €5,526 | +€585 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €125,161 | €101,953 | -€23,208 | -18.5% |
| Income taxes | 67/77 | €34,304 | €43,386 | +€9,083 | +26.5% |
| Profit (loss) for the period | 9904 | €90,857 | €58,567 | -€32,290 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,857 | €58,567 | -€32,290 | -35.5% |
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 27 October 2026 via checked.be.