VERKEST MANDY: 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.
VERKEST MANDY
Largest movements
- Receivables within one year +€10,145
up €10,145 (+84.1%), from €12,067 to €22,213
of which Other amounts receivable: +€7,237
- Cash -€2,964
down €2,964 (-32.1%), from €9,238 to €6,274
mainly Receivables within one year (-€10,145) and Tax, wage and social debts (-€4,424)
- Tangible fixed assets -€683
down €683 (-51.8%), from €1,317 to €634
of which Plant, machinery and equipment: -€900
- Reserves +€9,472
up €9,472 (+100%), from €9,431 to €18,903
- Tax, wage and social debts -€4,424
down €4,424 (-65.5%), from €6,753 to €2,329
of which Taxes: -€2,324
- Trade debts +€1,451
up €1,451 (+32.7%), from €4,439 to €5,889
- Gross operating margin +€5,207
up €5,207 (+60.7%), from €8,573 to €13,780
- Other operating charges +€600
up €600 (+1,123%), from €53 to €653
- Depreciation -€406
down €406 (-28.7%), from €1,415 to €1,009
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 | €22,623 | €29,121 | +€6,498 | +28.7% |
| Fixed assets | 21/28 | €1,317 | €634 | -€683 | -51.8% |
| Tangible fixed assets | 22/27 | €1,317 | €634 | -€683 | -51.8% |
| Plant, machinery and equipment | 23 | €1,317 | €417 | -€900 | -68.4% |
| Furniture and vehicles | 24 | - | €218 | +€218 | |
| Current assets | 29/58 | €21,306 | €28,487 | +€7,181 | +33.7% |
| Amounts receivable within one year | 40/41 | €12,067 | €22,213 | +€10,145 | +84.1% |
| Trade receivables | 40 | €234 | €3,142 | +€2,908 | +1,243% |
| Other amounts receivable | 41 | €11,833 | €19,070 | +€7,237 | +61.2% |
| Cash at bank and in hand | 54/58 | €9,238 | €6,274 | -€2,964 | -32.1% |
| Total equity and liabilities | 10/49 | €22,623 | €29,121 | +€6,498 | +28.7% |
| Equity | 10/15 | €11,431 | €20,903 | +€9,472 | +82.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,431 | €18,903 | +€9,472 | +100% |
| Distributable reserves | 133 | €9,431 | €18,903 | +€9,472 | +100% |
| Amounts payable | 17/49 | €11,192 | €8,218 | -€2,973 | -26.6% |
| Amounts payable within one year | 42/48 | €11,192 | €8,218 | -€2,973 | -26.6% |
| Trade debts | 44 | €4,439 | €5,889 | +€1,451 | +32.7% |
| Suppliers | 440/4 | €4,439 | €5,889 | +€1,451 | +32.7% |
| Taxes, remuneration and social security | 45 | €6,753 | €2,329 | -€4,424 | -65.5% |
| Taxes | 450/3 | €4,653 | €2,329 | -€2,324 | -49.9% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,415 | €1,009 | -€406 | -28.7% |
| Other operating charges | 640/8 | €53 | €653 | +€600 | +1,123% |
| Gross operating margin | 9900 | €8,573 | €13,780 | +€5,207 | +60.7% |
| Operating profit (loss) | 9901 | €7,104 | €12,117 | +€5,013 | +70.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €149 | €66 | -€83 | -55.4% |
| Recurring financial charges | 65 | €149 | €66 | -€83 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €6,955 | €12,052 | +€5,096 | +73.3% |
| Income taxes | 67/77 | €2,516 | €2,580 | +€64 | +2.5% |
| Profit (loss) for the period | 9904 | €4,439 | €9,472 | +€5,032 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €4,439 | €9,472 | +€5,032 | +113% |
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.