VERHURINGEN BOUDEWIJN CLAES: 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.
VERHURINGEN BOUDEWIJN CLAES
Largest movements
- Receivables within one year -€35,008
no longer reported in 2025 (was €35,008)
- Tangible fixed assets -€8,344
down €8,344 (-3.2%), from €260,774 to €252,430
- Cash +€3,745
up €3,745 (+5.3%), from €70,287 to €74,031
mainly Receivables within one year (+€35,008) and Depreciation (+€8,344)
- Profit (loss) carried forward -€26,447
down €26,447 (-35.5%), from -€74,477 to -€100,924
- Debts after one year -€12,432
down €12,432 (-3.9%), from €319,329 to €306,897
- Other operating charges -€28,335
down €28,335 (-82.2%), from €34,473 to €6,138
- Financial income -€1,022
no longer reported in 2025 (was €1,022)
- Depreciation -€643
down €643 (-7.2%), from €8,987 to €8,344
- Gross operating margin +€632
up €632 (+36.3%), from -€1,741 to -€1,109
- Financial charges +€250
up €250 (+2.4%), from €10,605 to €10,855
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 | €367,364 | €327,974 | -€39,390 | -10.7% |
| Fixed assets | 21/28 | €262,069 | €253,924 | -€8,145 | -3.1% |
| Tangible fixed assets | 22/27 | €260,774 | €252,430 | -€8,344 | -3.2% |
| Land and buildings | 22 | €260,774 | €252,430 | -€8,344 | -3.2% |
| Financial fixed assets | 28 | €1,295 | €1,495 | +€199 | +15.4% |
| Current assets | 29/58 | €105,295 | €74,050 | -€31,245 | -29.7% |
| Amounts receivable within one year | 40/41 | €35,008 | - | -€35,008 | |
| Other amounts receivable | 41 | €35,008 | - | -€35,008 | |
| Cash at bank and in hand | 54/58 | €70,287 | €74,031 | +€3,745 | +5.3% |
| Deferred charges and accrued income | 490/1 | - | €19 | +€19 | |
| Total equity and liabilities | 10/49 | €367,364 | €327,974 | -€39,390 | -10.7% |
| Equity | 10/15 | €29,891 | €3,444 | -€26,447 | -88.5% |
| Reserves | 13 | €104,368 | €104,368 | = | 0.0% |
| Distributable reserves | 133 | €104,368 | €104,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,477 | -€100,924 | -€26,447 | -35.5% |
| Amounts payable | 17/49 | €337,473 | €324,530 | -€12,943 | -3.8% |
| Amounts payable after more than one year | 17 | €319,329 | €306,897 | -€12,432 | -3.9% |
| Financial debts | 170/4 | €319,329 | €306,897 | -€12,432 | -3.9% |
| Amounts payable within one year | 42/48 | €12,428 | €12,498 | +€70 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,186 | €12,432 | +€246 | +2.0% |
| Trade debts | 44 | €242 | €66 | -€176 | -72.8% |
| Suppliers | 440/4 | €242 | €66 | -€176 | -72.8% |
| Accrued charges and deferred income | 492/3 | €5,716 | €5,135 | -€581 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,987 | €8,344 | -€643 | -7.2% |
| Other operating charges | 640/8 | €34,473 | €6,138 | -€28,335 | -82.2% |
| Gross operating margin | 9900 | -€1,741 | -€1,109 | +€632 | +36.3% |
| Operating profit (loss) | 9901 | -€45,202 | -€15,592 | +€29,610 | +65.5% |
| Financial income | 75/76B | €1,022 | - | -€1,022 | |
| Recurring financial income | 75 | €1,022 | - | -€1,022 | |
| Financial charges | 65/66B | €10,605 | €10,855 | +€250 | +2.4% |
| Recurring financial charges | 65 | €10,605 | €10,855 | +€250 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€54,784 | -€26,447 | +€28,337 | +51.7% |
| Profit (loss) for the period | 9904 | -€54,784 | -€26,447 | +€28,337 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,784 | -€26,447 | +€28,337 | +51.7% |
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 28 October 2026 via checked.be.