VERHUYS: 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.
VERHUYS
Largest movements
- Stocks and contracts -€348,328
down €348,328 (-46.5%), from €748,947 to €400,619
- Short-term financial debts -€336,206
down €336,206 (-40.6%), from €828,606 to €492,399
- Profit (loss) carried forward -€16,383
down €16,383 (-8.4%), from -€195,693 to -€212,076
- Gross operating margin +€41,684
up €41,684 (+5,346%), from €780 to €42,464
- Other operating charges +€19,174
new in 2022: €19,174
- Financial charges +€7,978
up €7,978 (+28.8%), from €27,719 to €35,697
- Taxes +€4,002
no longer reported in 2022 (was -€4,002)
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,079,654 | €727,177 | -€352,477 | -32.6% |
| Fixed assets | 21/28 | €322,598 | €318,622 | -€3,976 | -1.2% |
| Tangible fixed assets | 22/27 | €322,598 | €318,622 | -€3,976 | -1.2% |
| Land and buildings | 22 | €320,098 | €318,622 | -€1,476 | -0.5% |
| Furniture and vehicles | 24 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €757,056 | €408,555 | -€348,501 | -46.0% |
| Stocks and contracts in progress | 3 | €748,947 | €400,619 | -€348,328 | -46.5% |
| Stocks | 30/36 | €748,947 | €400,619 | -€348,328 | -46.5% |
| Amounts receivable within one year | 40/41 | €8,109 | €7,935 | -€174 | -2.1% |
| Trade receivables | 40 | €1,148 | €1,148 | = | 0.0% |
| Other amounts receivable | 41 | €6,961 | €6,787 | -€174 | -2.5% |
| Total equity and liabilities | 10/49 | €1,079,654 | €727,177 | -€352,477 | -32.6% |
| Equity | 10/15 | -€39,925 | -€56,308 | -€16,383 | -41.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €5,768 | €5,768 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,568 | €2,568 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,568 | €2,568 | = | 0.0% |
| Distributable reserves | 133 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,693 | -€212,076 | -€16,383 | -8.4% |
| Amounts payable | 17/49 | €1,119,579 | €783,485 | -€336,094 | -30.0% |
| Amounts payable within one year | 42/48 | €1,119,579 | €783,485 | -€336,094 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €6,624 | €6,624 | = | 0.0% |
| Financial debts | 43 | €828,606 | €492,399 | -€336,206 | -40.6% |
| Credit institutions | 430/8 | €828,606 | €492,399 | -€336,206 | -40.6% |
| Trade debts | 44 | €597 | €597 | = | 0.0% |
| Suppliers | 440/4 | €597 | €597 | = | 0.0% |
| Advances received on contracts in progress | 46 | €873 | €873 | = | 0.0% |
| Other amounts payable | 47/48 | €282,879 | €282,991 | +€112 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,976 | €3,976 | = | 0.0% |
| Other operating charges | 640/8 | - | €19,174 | +€19,174 | |
| Gross operating margin | 9900 | €780 | €42,464 | +€41,684 | +5,346% |
| Operating profit (loss) | 9901 | -€3,196 | €19,314 | +€22,510 | |
| Financial charges | 65/66B | €27,719 | €35,697 | +€7,978 | +28.8% |
| Recurring financial charges | 65 | €27,719 | €35,697 | +€7,978 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,915 | -€16,383 | +€14,533 | +47.0% |
| Income taxes | 67/77 | -€4,002 | - | +€4,002 | |
| Profit (loss) for the period | 9904 | -€26,913 | -€16,383 | +€10,530 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,913 | -€16,383 | +€10,530 | +39.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.