VERKEST: what changed
Two fiscal 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.
VERKEST
Largest movements
- Cash -€161,421
down €161,421 (-11.3%), from €1.4m to €1.3m
mainly Trade debts (-€111,990) and Net result for the year (-€65,201)
- Trade debts -€111,990
down €111,990 (-96.6%), from €115,876 to €3,886
- Profit (loss) carried forward -€65,201
down €65,201 (-10.6%), from -€616,491 to -€681,692
- Gross operating margin +€227,525
up €227,525 (+88.4%), from -€257,375 to -€29,850
- Financial income -€4,459
down €4,459 (-74.5%), from €5,985 to €1,527
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,184,696 | €2,007,505 | -€177,191 | -8.1% |
| Fixed assets | 21/28 | €676,826 | €660,264 | -€16,562 | -2.4% |
| Tangible fixed assets | 22/27 | €675,016 | €658,450 | -€16,566 | -2.5% |
| Land and buildings | 22 | €672,260 | €650,553 | -€21,707 | -3.2% |
| Plant, machinery and equipment | 23 | €2,756 | €7,897 | +€5,141 | +186.5% |
| Financial fixed assets | 28 | €1,810 | €1,814 | +€4 | +0.2% |
| Current assets | 29/58 | €1,507,870 | €1,347,241 | -€160,629 | -10.7% |
| Amounts receivable after more than one year | 29 | €726 | €726 | = | 0.0% |
| Other amounts receivable | 291 | €726 | €726 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,960 | €73,204 | +€244 | +0.3% |
| Trade receivables | 40 | €46,665 | €46,665 | = | 0.0% |
| Other amounts receivable | 41 | €26,295 | €26,539 | +€244 | +0.9% |
| Cash at bank and in hand | 54/58 | €1,434,151 | €1,272,730 | -€161,421 | -11.3% |
| Deferred charges and accrued income | 490/1 | €33 | €581 | +€548 | +1656.3% |
| Total equity and liabilities | 10/49 | €2,184,696 | €2,007,505 | -€177,191 | -8.1% |
| Equity | 10/15 | €2,068,820 | €2,003,619 | -€65,201 | -3.2% |
| Contributions | 10/11 | €334,656 | €334,656 | = | 0.0% |
| Reserves | 13 | €2,350,655 | €2,350,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €216,673 | €216,673 | = | 0.0% |
| Distributable reserves | 133 | €2,133,982 | €2,133,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€616,491 | -€681,692 | -€65,201 | -10.6% |
| Amounts payable | 17/49 | €115,876 | €3,886 | -€111,990 | -96.6% |
| Amounts payable within one year | 42/48 | €115,876 | €3,886 | -€111,990 | -96.6% |
| Trade debts | 44 | €115,876 | €3,886 | -€111,990 | -96.6% |
| Suppliers | 440/4 | €115,876 | €3,886 | -€111,990 | -96.6% |
| Non-recurring operating income | 76A | €4,106 | €0 | -€4,106 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,913 | €22,049 | +€136 | +0.6% |
| Other operating charges | 640/8 | €12,533 | €14,772 | +€2,240 | +17.9% |
| Gross operating margin | 9900 | -€257,375 | -€29,850 | +€227,525 | +88.4% |
| Operating profit (loss) | 9901 | -€291,820 | -€66,672 | +€225,149 | +77.2% |
| Financial income | 75/76B | €5,985 | €1,527 | -€4,459 | -74.5% |
| Recurring financial income | 75 | €5,985 | €1,527 | -€4,459 | -74.5% |
| Financial charges | 65/66B | €267 | €54 | -€213 | -79.8% |
| Recurring financial charges | 65 | €267 | €54 | -€213 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | -€286,102 | -€65,199 | +€220,903 | +77.2% |
| Income taxes | 67/77 | €660 | €2 | -€658 | -99.7% |
| Profit (loss) for the period | 9904 | -€286,762 | -€65,201 | +€221,561 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€286,762 | -€65,201 | +€221,561 | +77.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.