VERKERKE: 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.
VERKERKE
Largest movements
- Tangible fixed assets -€58,492
down €58,492 (-5.6%), from €1.1m to €994,180
of which Other tangible fixed assets: -€52,137
- Receivables within one year -€14,950
down €14,950 (-14.0%), from €106,956 to €92,006
of which Other amounts receivable: -€11,705
- Debts after one year -€87,382
down €87,382 (-12.1%), from €720,890 to €633,508
of which Financial debts: -€86,927
- Tax, wage and social debts +€14,657
up €14,657 (+161%), from €9,115 to €23,772
of which Taxes: +€13,072
- Gross operating margin +€90,083
up €90,083 (+50.4%), from €178,705 to €268,787
- Taxes +€27,099
up €27,099 (+334%), from €8,120 to €35,219
- Other operating charges +€8,347
up €8,347 (+107%), from €7,786 to €16,133
- Financial income +€6,421
up €6,421 (+3,073%), from €209 to €6,630
of which Non-recurring financial income: +€6,376
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 | €1,244,402 | €1,171,494 | -€72,908 | -5.9% |
| Fixed assets | 21/28 | €1,053,539 | €994,180 | -€59,360 | -5.6% |
| Intangible fixed assets | 21 | €868 | - | -€868 | |
| Tangible fixed assets | 22/27 | €1,052,671 | €994,180 | -€58,492 | -5.6% |
| Land and buildings | 22 | €638,647 | €649,623 | +€10,976 | +1.7% |
| Plant, machinery and equipment | 23 | €71,228 | €57,437 | -€13,790 | -19.4% |
| Furniture and vehicles | 24 | €10,326 | €6,786 | -€3,540 | -34.3% |
| Other tangible fixed assets | 26 | €332,470 | €280,333 | -€52,137 | -15.7% |
| Current assets | 29/58 | €190,863 | €177,314 | -€13,549 | -7.1% |
| Stocks and contracts in progress | 3 | €16,111 | €16,929 | +€818 | +5.1% |
| Stocks | 30/36 | €16,111 | €16,929 | +€818 | +5.1% |
| Amounts receivable within one year | 40/41 | €106,956 | €92,006 | -€14,950 | -14.0% |
| Trade receivables | 40 | €94,903 | €91,659 | -€3,244 | -3.4% |
| Other amounts receivable | 41 | €12,053 | €347 | -€11,705 | -97.1% |
| Current investments | 50/53 | €1,057 | €1,113 | +€56 | +5.3% |
| Cash at bank and in hand | 54/58 | €56,850 | €53,723 | -€3,126 | -5.5% |
| Deferred charges and accrued income | 490/1 | €9,891 | €13,544 | +€3,653 | +36.9% |
| Total equity and liabilities | 10/49 | €1,244,402 | €1,171,494 | -€72,908 | -5.9% |
| Equity | 10/15 | €340,374 | €334,985 | -€5,388 | -1.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €309,387 | €303,998 | -€5,388 | -1.7% |
| Distributable reserves | 133 | €309,387 | €303,998 | -€5,388 | -1.7% |
| Amounts payable | 17/49 | €904,029 | €836,509 | -€67,520 | -7.5% |
| Amounts payable after more than one year | 17 | €720,890 | €633,508 | -€87,382 | -12.1% |
| Financial debts | 170/4 | €714,932 | €628,005 | -€86,927 | -12.2% |
| Other amounts payable | 178/9 | €5,957 | €5,503 | -€455 | -7.6% |
| Amounts payable within one year | 42/48 | €166,203 | €176,236 | +€10,033 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €91,397 | €95,169 | +€3,772 | +4.1% |
| Financial debts | 43 | €13,555 | €13,542 | -€13 | -0.1% |
| Other loans | 439 | €13,555 | €13,542 | -€13 | -0.1% |
| Trade debts | 44 | €52,136 | €43,753 | -€8,383 | -16.1% |
| Suppliers | 440/4 | €52,136 | €43,753 | -€8,383 | -16.1% |
| Taxes, remuneration and social security | 45 | €9,115 | €23,772 | +€14,657 | +161% |
| Taxes | 450/3 | €8,161 | €21,233 | +€13,072 | +160% |
| Remuneration and social security | 454/9 | €954 | €2,539 | +€1,586 | +166% |
| Accrued charges and deferred income | 492/3 | €16,937 | €26,765 | +€9,829 | +58.0% |
| Non-recurring operating income | 76A | €2,000 | €1,500 | -€500 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,742 | €102,894 | -€848 | -0.8% |
| Other operating charges | 640/8 | €7,786 | €16,133 | +€8,347 | +107% |
| Gross operating margin | 9900 | €178,705 | €268,787 | +€90,083 | +50.4% |
| Operating profit (loss) | 9901 | €67,177 | €149,761 | +€82,584 | +123% |
| Financial income | 75/76B | €209 | €6,630 | +€6,421 | +3,073% |
| Recurring financial income | 75 | €35 | €80 | +€46 | +132% |
| Non-recurring financial income | 76B | €174 | €6,550 | +€6,376 | +3,656% |
| Financial charges | 65/66B | €38,902 | €36,961 | -€1,941 | -5.0% |
| Recurring financial charges | 65 | €38,902 | €36,961 | -€1,941 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €28,483 | €119,430 | +€90,946 | +319% |
| Income taxes | 67/77 | €8,120 | €35,219 | +€27,099 | +334% |
| Profit (loss) for the period | 9904 | €20,363 | €84,211 | +€63,847 | +314% |
| Profit (loss) for the period to be appropriated | 9905 | €20,363 | €84,211 | +€63,847 | +314% |
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 21 October 2026 via checked.be.