Verkest Thierry: what changed
Verkest Thierry
Largest movements
- Tangible fixed assets +€23,953
up €23,953 (+112%), from €21,328 to €45,281
of which Furniture and vehicles: +€26,476
- Stocks and contracts -€14,348
down €14,348 (-40.3%), from €35,562 to €21,214
- Receivables within one year -€7,963
down €7,963 (-12.4%), from €64,055 to €56,092
of which Trade receivables: -€7,034
- Cash +€2,283
up €2,283 (+10.7%), from €21,407 to €23,690
mainly Debts after one year (+€24,061) and Depreciation (+€16,622)
- Debts after one year +€24,061
up €24,061 (+3,363%), from €716 to €24,776
- Other debts -€14,348
down €14,348 (-16.0%), from €89,651 to €75,303
- Trade debts -€4,086
down €4,086 (-13.9%), from €29,490 to €25,404
- Reserves -€3,887
down €3,887 (-42.6%), from €9,122 to €5,235
- Gross operating margin -€18,264
down €18,264 (-54.5%), from €33,542 to €15,277
- Financial charges -€3,121
down €3,121 (-73.6%), from €4,237 to €1,117
- Depreciation +€2,583
up €2,583 (+18.4%), from €14,039 to €16,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,070 | €146,947 | +€2,877 | +2.0% |
| Fixed assets | 21/28 | €21,328 | €45,281 | +€23,953 | +112% |
| Tangible fixed assets | 22/27 | €21,328 | €45,281 | +€23,953 | +112% |
| Land and buildings | 22 | €4,763 | €3,175 | -€1,588 | -33.3% |
| Plant, machinery and equipment | 23 | €7,094 | €6,158 | -€936 | -13.2% |
| Furniture and vehicles | 24 | €9,471 | €35,947 | +€26,476 | +280% |
| Current assets | 29/58 | €122,743 | €101,666 | -€21,076 | -17.2% |
| Stocks and contracts in progress | 3 | €35,562 | €21,214 | -€14,348 | -40.3% |
| Stocks | 30/36 | €35,562 | €21,214 | -€14,348 | -40.3% |
| Amounts receivable within one year | 40/41 | €64,055 | €56,092 | -€7,963 | -12.4% |
| Trade receivables | 40 | €61,585 | €54,551 | -€7,034 | -11.4% |
| Other amounts receivable | 41 | €2,470 | €1,541 | -€929 | -37.6% |
| Cash at bank and in hand | 54/58 | €21,407 | €23,690 | +€2,283 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,719 | €671 | -€1,048 | -61.0% |
| Total equity and liabilities | 10/49 | €144,070 | €146,947 | +€2,877 | +2.0% |
| Equity | 10/15 | €15,322 | €11,435 | -€3,887 | -25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,122 | €5,235 | -€3,887 | -42.6% |
| Distributable reserves | 133 | €9,122 | €5,235 | -€3,887 | -42.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €128,748 | €135,512 | +€6,764 | +5.3% |
| Amounts payable after more than one year | 17 | €716 | €24,776 | +€24,061 | +3,363% |
| Financial debts | 170/4 | €716 | €24,776 | +€24,061 | +3,363% |
| Amounts payable within one year | 42/48 | €127,977 | €110,736 | -€17,242 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €8,518 | €9,694 | +€1,176 | +13.8% |
| Trade debts | 44 | €29,490 | €25,404 | -€4,086 | -13.9% |
| Suppliers | 440/4 | €29,490 | €25,404 | -€4,086 | -13.9% |
| Taxes, remuneration and social security | 45 | €318 | €334 | +€16 | +4.9% |
| Taxes | 450/3 | €318 | €334 | +€16 | +4.9% |
| Other amounts payable | 47/48 | €89,651 | €75,303 | -€14,348 | -16.0% |
| Accrued charges and deferred income | 492/3 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,039 | €16,622 | +€2,583 | +18.4% |
| Other operating charges | 640/8 | €1,328 | €1,340 | +€12 | +0.9% |
| Gross operating margin | 9900 | €33,542 | €15,277 | -€18,264 | -54.5% |
| Operating profit (loss) | 9901 | €18,175 | -€2,685 | -€20,860 | |
| Financial income | 75/76B | €27 | €103 | +€76 | +282% |
| Recurring financial income | 75 | €27 | €103 | +€76 | +282% |
| Financial charges | 65/66B | €4,237 | €1,117 | -€3,121 | -73.6% |
| Recurring financial charges | 65 | €4,237 | €1,117 | -€3,121 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €13,965 | -€3,699 | -€17,664 | |
| Income taxes | 67/77 | €318 | €188 | -€130 | -40.8% |
| Profit (loss) for the period | 9904 | €13,646 | -€3,887 | -€17,534 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,646 | -€3,887 | -€17,534 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.