Verpoort: 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.
Verpoort
Largest movements
- Receivables within one year -€153,880
down €153,880 (-17.3%), from €891,934 to €738,054
of which Other amounts receivable: -€81,840
- Stocks and contracts -€128,607
down €128,607 (-10.4%), from €1.2m to €1.1m
- Cash +€34,041
up €34,041 (+9.8%), from €347,458 to €381,499
mainly Receivables within one year (+€153,880) and Stocks and contracts (+€128,607)
- Reserves -€81,920
down €81,920 (-4.0%), from €2.1m to €2.0m
of which Distributable reserves: -€81,920
- Debts after one year -€77,377
down €77,377 (-21.0%), from €368,573 to €291,196
- Tax, wage and social debts -€58,156
down €58,156 (-70.1%), from €82,938 to €24,782
of which Taxes: -€59,045
- Other debts -€31,725
down €31,725 (-38.2%), from €83,016 to €51,292
- Trade debts -€28,844
down €28,844 (-42.9%), from €67,212 to €38,368
- Gross operating margin -€55,600
down €55,600 (-16.9%), from €329,130 to €273,530
- Depreciation -€46,148
down €46,148 (-42.1%), from €109,727 to €63,579
- Staff costs +€25,532
up €25,532 (+9.7%), from €262,689 to €288,220
- Financial charges +€6,529
up €6,529 (+75.6%), from €8,640 to €15,169
- Financial income -€5,425
down €5,425 (-11.1%), from €49,036 to €43,612
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,804,312 | €2,540,139 | -€264,173 | -9.4% |
| Fixed assets | 21/28 | €304,827 | €289,648 | -€15,179 | -5.0% |
| Tangible fixed assets | 22/27 | €304,827 | €289,648 | -€15,179 | -5.0% |
| Land and buildings | 22 | €172,730 | €147,968 | -€24,762 | -14.3% |
| Plant, machinery and equipment | 23 | €933 | €289 | -€644 | -69.0% |
| Furniture and vehicles | 24 | €121,880 | €135,200 | +€13,321 | +10.9% |
| Other tangible fixed assets | 26 | €9,284 | €6,189 | -€3,095 | -33.3% |
| Current assets | 29/58 | €2,499,486 | €2,250,491 | -€248,994 | -10.0% |
| Stocks and contracts in progress | 3 | €1,236,507 | €1,107,900 | -€128,607 | -10.4% |
| Stocks | 30/36 | €1,236,507 | €1,107,900 | -€128,607 | -10.4% |
| Amounts receivable within one year | 40/41 | €891,934 | €738,054 | -€153,880 | -17.3% |
| Trade receivables | 40 | €584,329 | €512,289 | -€72,040 | -12.3% |
| Other amounts receivable | 41 | €307,605 | €225,765 | -€81,840 | -26.6% |
| Cash at bank and in hand | 54/58 | €347,458 | €381,499 | +€34,041 | +9.8% |
| Deferred charges and accrued income | 490/1 | €23,587 | €23,039 | -€548 | -2.3% |
| Total equity and liabilities | 10/49 | €2,804,312 | €2,540,139 | -€264,173 | -9.4% |
| Equity | 10/15 | €2,077,645 | €2,011,167 | -€66,479 | -3.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €2,055,886 | €1,973,967 | -€81,920 | -4.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,037,136 | €1,955,217 | -€81,920 | -4.0% |
| Profit (loss) carried forward | 14 | -€15,441 | €0 | +€15,441 | |
| Provisions and deferred taxes | 16 | €35,000 | €35,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €35,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable | 17/49 | €691,667 | €493,972 | -€197,695 | -28.6% |
| Amounts payable after more than one year | 17 | €368,573 | €291,196 | -€77,377 | -21.0% |
| Financial debts | 170/4 | €368,573 | €291,196 | -€77,377 | -21.0% |
| Amounts payable within one year | 42/48 | €322,784 | €191,819 | -€130,964 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €89,617 | €77,377 | -€12,240 | -13.7% |
| Trade debts | 44 | €67,212 | €38,368 | -€28,844 | -42.9% |
| Suppliers | 440/4 | €67,212 | €38,368 | -€28,844 | -42.9% |
| Taxes, remuneration and social security | 45 | €82,938 | €24,782 | -€58,156 | -70.1% |
| Taxes | 450/3 | €72,791 | €13,746 | -€59,045 | -81.1% |
| Remuneration and social security | 454/9 | €10,148 | €11,036 | +€888 | +8.8% |
| Other amounts payable | 47/48 | €83,016 | €51,292 | -€31,725 | -38.2% |
| Accrued charges and deferred income | 492/3 | €310 | €10,957 | +€10,647 | +3,434% |
| Remuneration, social security and pensions | 62 | €262,689 | €288,220 | +€25,532 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,727 | €63,579 | -€46,148 | -42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €14,093 | €16,651 | +€2,558 | +18.2% |
| Non-recurring operating charges | 66A | €824 | €0 | -€824 | -100% |
| Gross operating margin | 9900 | €329,130 | €273,530 | -€55,600 | -16.9% |
| Operating profit (loss) | 9901 | -€58,203 | -€94,921 | -€36,719 | -63.1% |
| Financial income | 75/76B | €49,036 | €43,612 | -€5,425 | -11.1% |
| Recurring financial income | 75 | €49,036 | €43,612 | -€5,425 | -11.1% |
| Financial charges | 65/66B | €8,640 | €15,169 | +€6,529 | +75.6% |
| Recurring financial charges | 65 | €8,640 | €15,169 | +€6,529 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,807 | -€66,479 | -€48,672 | -273% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,807 | -€66,479 | -€48,672 | -273% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,807 | -€66,479 | -€48,672 | -273% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.