VERPLANCKEN: 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.
VERPLANCKEN
Largest movements
- Receivables within one year +€117,840
up €117,840 (+135%), from €87,365 to €205,206
of which Trade receivables: +€101,039
- Cash +€116,438
up €116,438 (+127%), from €91,600 to €208,038
mainly Net result for the year (+€111,516) and Trade debts (+€64,881)
- Tangible fixed assets -€44,879
down €44,879 (-26.5%), from €169,633 to €124,754
of which Furniture and vehicles: -€43,169
- Stocks and contracts -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Profit (loss) carried forward +€111,516
up €111,516 (+83.3%), from €133,909 to €245,425
- Trade debts +€64,881
up €64,881 (+70.4%), from €92,164 to €157,045
- Debts after one year -€35,267
down €35,267 (-32.4%), from €108,846 to €73,579
- Tax, wage and social debts +€33,952
up €33,952 (+326%), from €10,404 to €44,356
of which Taxes: +€32,809
- Gross operating margin +€141,890
up €141,890 (+59.7%), from €237,602 to €379,492
- Taxes +€32,809
up €32,809 (+1,130%), from €2,902 to €35,711
- Financial charges +€6,115
up €6,115 (+57.6%), from €10,625 to €16,740
- Staff costs -€3,887
down €3,887 (-2.3%), from €168,474 to €164,587
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,535 | €571,234 | +€175,699 | +44.4% |
| Fixed assets | 21/28 | €171,538 | €125,628 | -€45,910 | -26.8% |
| Intangible fixed assets | 21 | €1,905 | €874 | -€1,031 | -54.1% |
| Tangible fixed assets | 22/27 | €169,633 | €124,754 | -€44,879 | -26.5% |
| Plant, machinery and equipment | 23 | €3,474 | €2,315 | -€1,159 | -33.4% |
| Furniture and vehicles | 24 | €163,672 | €120,503 | -€43,169 | -26.4% |
| Other tangible fixed assets | 26 | €2,487 | €1,936 | -€551 | -22.2% |
| Current assets | 29/58 | €223,997 | €445,606 | +€221,609 | +98.9% |
| Amounts receivable after more than one year | 29 | €18,182 | €13,382 | -€4,800 | -26.4% |
| Other amounts receivable | 291 | €18,182 | €13,382 | -€4,800 | -26.4% |
| Stocks and contracts in progress | 3 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Contracts in progress | 37 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €87,365 | €205,206 | +€117,840 | +135% |
| Trade receivables | 40 | €78,568 | €179,607 | +€101,039 | +129% |
| Other amounts receivable | 41 | €8,797 | €25,599 | +€16,802 | +191% |
| Cash at bank and in hand | 54/58 | €91,600 | €208,038 | +€116,438 | +127% |
| Deferred charges and accrued income | 490/1 | €6,850 | €8,981 | +€2,131 | +31.1% |
| Total equity and liabilities | 10/49 | €395,535 | €571,234 | +€175,699 | +44.4% |
| Equity | 10/15 | €148,909 | €260,425 | +€111,516 | +74.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,909 | €245,425 | +€111,516 | +83.3% |
| Amounts payable | 17/49 | €246,626 | €310,809 | +€64,183 | +26.0% |
| Amounts payable after more than one year | 17 | €108,846 | €73,579 | -€35,267 | -32.4% |
| Financial debts | 170/4 | €108,846 | €73,579 | -€35,267 | -32.4% |
| Amounts payable within one year | 42/48 | €137,780 | €237,230 | +€99,450 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €35,212 | €35,829 | +€617 | +1.8% |
| Trade debts | 44 | €92,164 | €157,045 | +€64,881 | +70.4% |
| Suppliers | 440/4 | €92,164 | €157,045 | +€64,881 | +70.4% |
| Taxes, remuneration and social security | 45 | €10,404 | €44,356 | +€33,952 | +326% |
| Taxes | 450/3 | €2,948 | €35,757 | +€32,809 | +1,113% |
| Remuneration and social security | 454/9 | €7,455 | €8,599 | +€1,143 | +15.3% |
| Non-recurring operating income | 76A | €4,959 | - | -€4,959 | |
| Remuneration, social security and pensions | 62 | €168,474 | €164,587 | -€3,887 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,424 | €47,197 | +€3,773 | +8.7% |
| Other operating charges | 640/8 | €7,252 | €4,900 | -€2,351 | -32.4% |
| Gross operating margin | 9900 | €237,602 | €379,492 | +€141,890 | +59.7% |
| Operating profit (loss) | 9901 | €18,452 | €162,808 | +€144,356 | +782% |
| Financial income | 75/76B | €400 | €1,159 | +€759 | +190% |
| Recurring financial income | 75 | €400 | €1,159 | +€759 | +190% |
| Financial charges | 65/66B | €10,625 | €16,740 | +€6,115 | +57.6% |
| Recurring financial charges | 65 | €10,625 | €16,740 | +€6,115 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €8,227 | €147,227 | +€138,999 | +1,689% |
| Income taxes | 67/77 | €2,902 | €35,711 | +€32,809 | +1,130% |
| Profit (loss) for the period | 9904 | €5,325 | €111,516 | +€106,191 | +1,994% |
| Profit (loss) for the period to be appropriated | 9905 | €5,325 | €111,516 | +€106,191 | +1,994% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.