VERPOEST CONSULT: 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.
VERPOEST CONSULT
Largest movements
- Cash -€576,295
down €576,295 (-81.2%), from €709,622 to €133,327
mainly Other debts (-€877,648) and Current investments (-€300,011)
- Receivables within one year -€498,778
down €498,778 (-48.4%), from €1.0m to €531,159
- Current investments +€300,011
up €300,011 (+18.2%), from €1.7m to €2.0m
- Other debts -€877,648
down €877,648 (-100.0%), from €877,648 to €0
- Reserves +€56,820
up €56,820 (+2.5%), from €2.3m to €2.3m
of which Distributable reserves: +€136,720
- Tax, wage and social debts +€38,799
new in 2025: €38,799
- Financial income +€33,448
up €33,448 (+33.1%), from €100,958 to €134,405
- Taxes +€29,736
up €29,736 (+261.4%), from €11,376 to €41,111
- Depreciation -€6,198
down €6,198 (-23.5%), from €26,401 to €20,204
- Other operating charges -€4,071
down €4,071 (-47.5%), from €8,577 to €4,506
- Gross operating margin +€577
up €577 (+11.1%), from -€5,218 to -€4,641
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 | €3,568,117 | €2,780,122 | -€787,996 | -22.1% |
| Fixed assets | 21/28 | €174,380 | €161,367 | -€13,013 | -7.5% |
| Tangible fixed assets | 22/27 | €173,420 | €160,407 | -€13,013 | -7.5% |
| Land and buildings | 22 | €142,607 | €135,021 | -€7,586 | -5.3% |
| Furniture and vehicles | 24 | €30,813 | €22,086 | -€8,727 | -28.3% |
| Other tangible fixed assets | 26 | - | €3,300 | +€3,300 | |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €3,393,737 | €2,618,754 | -€774,983 | -22.8% |
| Amounts receivable within one year | 40/41 | €1,029,937 | €531,159 | -€498,778 | -48.4% |
| Other amounts receivable | 41 | €1,029,937 | €531,159 | -€498,778 | -48.4% |
| Current investments | 50/53 | €1,651,890 | €1,951,901 | +€300,011 | +18.2% |
| Cash at bank and in hand | 54/58 | €709,622 | €133,327 | -€576,295 | -81.2% |
| Deferred charges and accrued income | 490/1 | €2,288 | €2,367 | +€79 | +3.4% |
| Total equity and liabilities | 10/49 | €3,568,117 | €2,780,122 | -€787,996 | -22.1% |
| Equity | 10/15 | €2,680,846 | €2,737,666 | +€56,820 | +2.1% |
| Contributions | 10/11 | €396,600 | €396,600 | = | 0.0% |
| Reserves | 13 | €2,284,246 | €2,341,066 | +€56,820 | +2.5% |
| Non-distributable reserves | 130/1 | €39,660 | €1,860 | -€37,800 | -95.3% |
| Reserves not available under the articles | 1311 | €39,660 | €1,860 | -€37,800 | -95.3% |
| Tax-exempt reserves | 132 | €42,100 | €0 | -€42,100 | -100.0% |
| Distributable reserves | 133 | €2,202,486 | €2,339,206 | +€136,720 | +6.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €887,271 | €42,456 | -€844,815 | -95.2% |
| Amounts payable within one year | 42/48 | €887,271 | €42,456 | -€844,815 | -95.2% |
| Trade debts | 44 | €9,623 | €3,656 | -€5,967 | -62.0% |
| Suppliers | 440/4 | €9,623 | €3,656 | -€5,967 | -62.0% |
| Taxes, remuneration and social security | 45 | - | €38,799 | +€38,799 | |
| Taxes | 450/3 | - | €38,799 | +€38,799 | |
| Other amounts payable | 47/48 | €877,648 | €0 | -€877,648 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,401 | €20,204 | -€6,198 | -23.5% |
| Other operating charges | 640/8 | €8,577 | €4,506 | -€4,071 | -47.5% |
| Non-recurring operating charges | 66A | €13,610 | €0 | -€13,610 | -100.0% |
| Gross operating margin | 9900 | -€5,218 | -€4,641 | +€577 | +11.1% |
| Operating profit (loss) | 9901 | -€53,805 | -€29,350 | +€24,455 | +45.5% |
| Financial income | 75/76B | €100,958 | €134,405 | +€33,448 | +33.1% |
| Recurring financial income | 75 | €100,958 | €134,405 | +€33,448 | +33.1% |
| Financial charges | 65/66B | €6,897 | €7,124 | +€226 | +3.3% |
| Recurring financial charges | 65 | €6,897 | €7,124 | +€226 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €40,255 | €97,931 | +€57,676 | +143.3% |
| Income taxes | 67/77 | €11,376 | €41,111 | +€29,736 | +261.4% |
| Profit (loss) for the period | 9904 | €28,880 | €56,820 | +€27,940 | +96.7% |
| Transfer from tax-exempt reserves | 789 | €50,520 | €42,100 | -€8,420 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,400 | €98,920 | +€19,520 | +24.6% |
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 3 October 2026 via checked.be.