VERPAELST & CO: 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.
VERPAELST & CO
Largest movements
- Receivables within one year +€18,041
up €18,041 (+22,725%), from €79 to €18,121
of which Other amounts receivable: +€11,025
- Cash +€10,239
up €10,239 (+37.2%), from €27,506 to €37,745
mainly Net result for the year (+€24,291) and Depreciation (+€10,349)
- Tangible fixed assets -€6,118
down €6,118 (-16.6%), from €36,911 to €30,794
of which Furniture and vehicles: -€4,418
- Deferred charges and accrued income +€1,461
up €1,461 (+36.1%), from €4,050 to €5,512
- Profit (loss) carried forward +€24,291
up €24,291 (+60.8%), from €39,961 to €64,252
- Other debts -€11,144
down €11,144 (-100%), from €11,144 to €0
- Tax, wage and social debts +€8,287
up €8,287 (+68.5%), from €12,094 to €20,382
- Trade debts +€2,189
up €2,189 (+627%), from €349 to €2,539
- Gross operating margin -€23,541
down €23,541 (-35.2%), from €66,937 to €43,396
- Taxes -€3,812
down €3,812 (-31.5%), from €12,094 to €8,282
- Other operating charges -€2,273
down €2,273 (-68.5%), from €3,319 to €1,046
- Depreciation -€1,152
down €1,152 (-10.0%), from €11,501 to €10,349
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 | €68,548 | €92,172 | +€23,624 | +34.5% |
| Fixed assets | 21/28 | €36,912 | €30,795 | -€6,118 | -16.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €36,911 | €30,794 | -€6,118 | -16.6% |
| Plant, machinery and equipment | 23 | €6,367 | €4,667 | -€1,700 | -26.7% |
| Furniture and vehicles | 24 | €30,545 | €26,127 | -€4,418 | -14.5% |
| Current assets | 29/58 | €31,636 | €61,377 | +€29,742 | +94.0% |
| Amounts receivable within one year | 40/41 | €79 | €18,121 | +€18,041 | +22,725% |
| Trade receivables | 40 | - | €7,016 | +€7,016 | |
| Other amounts receivable | 41 | €79 | €11,105 | +€11,025 | +13,888% |
| Cash at bank and in hand | 54/58 | €27,506 | €37,745 | +€10,239 | +37.2% |
| Deferred charges and accrued income | 490/1 | €4,050 | €5,512 | +€1,461 | +36.1% |
| Total equity and liabilities | 10/49 | €68,548 | €92,172 | +€23,624 | +34.5% |
| Equity | 10/15 | €44,961 | €69,252 | +€24,291 | +54.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,961 | €64,252 | +€24,291 | +60.8% |
| Amounts payable | 17/49 | €23,588 | €22,920 | -€667 | -2.8% |
| Amounts payable within one year | 42/48 | €23,588 | €22,920 | -€667 | -2.8% |
| Trade debts | 44 | €349 | €2,539 | +€2,189 | +627% |
| Suppliers | 440/4 | €349 | €2,539 | +€2,189 | +627% |
| Taxes, remuneration and social security | 45 | €12,094 | €20,382 | +€8,287 | +68.5% |
| Taxes | 450/3 | €12,094 | €20,382 | +€8,287 | +68.5% |
| Other amounts payable | 47/48 | €11,144 | €0 | -€11,144 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,501 | €10,349 | -€1,152 | -10.0% |
| Other operating charges | 640/8 | €3,319 | €1,046 | -€2,273 | -68.5% |
| Gross operating margin | 9900 | €66,937 | €43,396 | -€23,541 | -35.2% |
| Operating profit (loss) | 9901 | €52,117 | €32,002 | -€20,116 | -38.6% |
| Financial income | 75/76B | - | €617 | +€617 | |
| Recurring financial income | 75 | - | €617 | +€617 | |
| Financial charges | 65/66B | €63 | €45 | -€18 | -28.2% |
| Recurring financial charges | 65 | €63 | €45 | -€18 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €52,055 | €32,573 | -€19,482 | -37.4% |
| Income taxes | 67/77 | €12,094 | €8,282 | -€3,812 | -31.5% |
| Profit (loss) for the period | 9904 | €39,961 | €24,291 | -€15,669 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,961 | €24,291 | -€15,669 | -39.2% |
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 24 October 2026 via checked.be.