VERKOYEN PROJECTS: 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.
VERKOYEN PROJECTS
Largest movements
- Receivables within one year +€15,939
up €15,939 (+34.6%), from €46,120 to €62,059
of which Other amounts receivable: +€14,591
- Tangible fixed assets -€10,424
down €10,424 (-30.6%), from €34,011 to €23,587
of which Furniture and vehicles: -€9,788
- Cash +€1,219
up €1,219 (+14.2%), from €8,607 to €9,826
mainly Net result for the year (+€16,950) and Depreciation (+€10,424)
- Reserves +€16,950
up €16,950 (+30.0%), from €56,544 to €73,494
- Current portion of long-term debt -€9,541
down €9,541 (-56.8%), from €16,805 to €7,264
- Debts after one year -€7,264
no longer reported in 2025 (was €7,264)
- Tax, wage and social debts +€4,349
up €4,349 (+83.5%), from €5,211 to €9,561
- Trade debts +€2,397
up €2,397 (+436.3%), from €549 to €2,946
- Financial income +€2,474
new in 2025: €2,474
- Gross operating margin -€2,461
down €2,461 (-6.6%), from €37,117 to €34,656
- Taxes +€790
up €790 (+11.9%), from €6,642 to €7,432
- Financial charges -€786
down €786 (-40.6%), from €1,938 to €1,152
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.
Cash bridge derived
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 | €89,373 | €96,264 | +€6,891 | +7.7% |
| Fixed assets | 21/28 | €34,011 | €23,587 | -€10,424 | -30.6% |
| Tangible fixed assets | 22/27 | €34,011 | €23,587 | -€10,424 | -30.6% |
| Plant, machinery and equipment | 23 | €1,214 | €578 | -€636 | -52.4% |
| Furniture and vehicles | 24 | €32,797 | €23,009 | -€9,788 | -29.8% |
| Current assets | 29/58 | €55,362 | €72,678 | +€17,315 | +31.3% |
| Amounts receivable within one year | 40/41 | €46,120 | €62,059 | +€15,939 | +34.6% |
| Trade receivables | 40 | €10,675 | €12,023 | +€1,348 | +12.6% |
| Other amounts receivable | 41 | €35,445 | €50,036 | +€14,591 | +41.2% |
| Cash at bank and in hand | 54/58 | €8,607 | €9,826 | +€1,219 | +14.2% |
| Deferred charges and accrued income | 490/1 | €635 | €792 | +€158 | +24.8% |
| Total equity and liabilities | 10/49 | €89,373 | €96,264 | +€6,891 | +7.7% |
| Equity | 10/15 | €59,544 | €76,494 | +€16,950 | +28.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €56,544 | €73,494 | +€16,950 | +30.0% |
| Distributable reserves | 133 | €56,544 | €73,494 | +€16,950 | +30.0% |
| Amounts payable | 17/49 | €29,829 | €19,771 | -€10,059 | -33.7% |
| Amounts payable after more than one year | 17 | €7,264 | - | -€7,264 | |
| Financial debts | 170/4 | €7,264 | - | -€7,264 | |
| Amounts payable within one year | 42/48 | €22,565 | €19,771 | -€2,795 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €16,805 | €7,264 | -€9,541 | -56.8% |
| Trade debts | 44 | €549 | €2,946 | +€2,397 | +436.3% |
| Suppliers | 440/4 | €549 | €2,946 | +€2,397 | +436.3% |
| Taxes, remuneration and social security | 45 | €5,211 | €9,561 | +€4,349 | +83.5% |
| Taxes | 450/3 | €5,211 | €9,561 | +€4,349 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,570 | €10,424 | -€146 | -1.4% |
| Other operating charges | 640/8 | €1,015 | €1,172 | +€157 | +15.4% |
| Gross operating margin | 9900 | €37,117 | €34,656 | -€2,461 | -6.6% |
| Operating profit (loss) | 9901 | €25,532 | €23,060 | -€2,472 | -9.7% |
| Financial income | 75/76B | - | €2,474 | +€2,474 | |
| Recurring financial income | 75 | - | €2,474 | +€2,474 | |
| Financial charges | 65/66B | €1,938 | €1,152 | -€786 | -40.6% |
| Recurring financial charges | 65 | €1,938 | €1,152 | -€786 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €23,594 | €24,382 | +€788 | +3.3% |
| Income taxes | 67/77 | €6,642 | €7,432 | +€790 | +11.9% |
| Profit (loss) for the period | 9904 | €16,952 | €16,950 | -€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,952 | €16,950 | -€2 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.