Verres & Couverts: 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.
Verres & Couverts
Largest movements
- Tangible fixed assets -€50,775
down €50,775 (-22.0%), from €230,896 to €180,121
- Receivables within one year +€47,964
up €47,964 (+93.4%), from €51,374 to €99,338
of which Trade receivables: +€31,753
- Cash +€5,044
up €5,044 (+16.4%), from €30,750 to €35,794
mainly Depreciation (+€55,025) and Trade debts (+€22,649)
- Stocks and contracts -€4,569
down €4,569 (-32.3%), from €14,167 to €9,598
- Debts after one year -€32,680
down €32,680 (-25.0%), from €130,600 to €97,920
- Trade debts +€22,649
up €22,649 (+28.0%), from €80,999 to €103,647
- Tax, wage and social debts +€11,326
up €11,326 (+34.4%), from €32,970 to €44,296
of which Remuneration and social security: +€8,636
- Reserves +€7,034
up €7,034 (+16.9%), from €41,655 to €48,689
of which Distributable reserves: +€7,034
- Other debts -€5,508
down €5,508 (-100%), from €5,508 to €0
- Staff costs +€17,478
up €17,478 (+20.8%), from €84,084 to €101,562
- Gross operating margin +€9,509
up €9,509 (+5.6%), from €170,912 to €180,422
- Depreciation +€5,442
up €5,442 (+11.0%), from €49,583 to €55,025
- Taxes +€2,736
up €2,736 (+91.0%), from €3,005 to €5,741
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 | €352,129 | €349,497 | -€2,632 | -0.7% |
| Fixed assets | 21/28 | €235,281 | €183,756 | -€51,526 | -21.9% |
| Tangible fixed assets | 22/27 | €230,896 | €180,121 | -€50,775 | -22.0% |
| Land and buildings | 22 | €126,861 | €105,020 | -€21,841 | -17.2% |
| Plant, machinery and equipment | 23 | €41,761 | €30,500 | -€11,261 | -27.0% |
| Furniture and vehicles | 24 | €62,274 | €44,601 | -€17,673 | -28.4% |
| Financial fixed assets | 28 | €4,385 | €3,635 | -€750 | -17.1% |
| Current assets | 29/58 | €116,847 | €165,741 | +€48,894 | +41.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,167 | €9,598 | -€4,569 | -32.3% |
| Stocks | 30/36 | €14,167 | €9,598 | -€4,569 | -32.3% |
| Amounts receivable within one year | 40/41 | €51,374 | €99,338 | +€47,964 | +93.4% |
| Trade receivables | 40 | €44,834 | €76,588 | +€31,753 | +70.8% |
| Other amounts receivable | 41 | €6,540 | €22,750 | +€16,210 | +248% |
| Cash at bank and in hand | 54/58 | €30,750 | €35,794 | +€5,044 | +16.4% |
| Deferred charges and accrued income | 490/1 | €556 | €1,011 | +€456 | +82.0% |
| Total equity and liabilities | 10/49 | €352,129 | €349,497 | -€2,632 | -0.7% |
| Equity | 10/15 | €63,682 | €70,717 | +€7,034 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €41,655 | €48,689 | +€7,034 | +16.9% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €41,355 | €48,389 | +€7,034 | +17.0% |
| Profit (loss) carried forward | 14 | €9,628 | €9,628 | = | 0.0% |
| Amounts payable | 17/49 | €288,446 | €278,780 | -€9,666 | -3.4% |
| Amounts payable after more than one year | 17 | €130,600 | €97,920 | -€32,680 | -25.0% |
| Financial debts | 170/4 | €130,600 | €97,920 | -€32,680 | -25.0% |
| Amounts payable within one year | 42/48 | €154,246 | €180,623 | +€26,377 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €34,770 | €32,680 | -€2,090 | -6.0% |
| Trade debts | 44 | €80,999 | €103,647 | +€22,649 | +28.0% |
| Suppliers | 440/4 | €80,999 | €103,647 | +€22,649 | +28.0% |
| Taxes, remuneration and social security | 45 | €32,970 | €44,296 | +€11,326 | +34.4% |
| Taxes | 450/3 | €19,446 | €22,136 | +€2,689 | +13.8% |
| Remuneration and social security | 454/9 | €13,523 | €22,160 | +€8,636 | +63.9% |
| Other amounts payable | 47/48 | €5,508 | €0 | -€5,508 | -100% |
| Accrued charges and deferred income | 492/3 | €3,600 | €237 | -€3,363 | -93.4% |
| Remuneration, social security and pensions | 62 | €84,084 | €101,562 | +€17,478 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,583 | €55,025 | +€5,442 | +11.0% |
| Other operating charges | 640/8 | €2,299 | €1,916 | -€383 | -16.7% |
| Gross operating margin | 9900 | €170,912 | €180,422 | +€9,509 | +5.6% |
| Operating profit (loss) | 9901 | €34,946 | €21,919 | -€13,027 | -37.3% |
| Financial income | 75/76B | €330 | €678 | +€348 | +105% |
| Recurring financial income | 75 | €330 | €678 | +€348 | +105% |
| Financial charges | 65/66B | €11,607 | €9,821 | -€1,785 | -15.4% |
| Recurring financial charges | 65 | €11,607 | €9,821 | -€1,785 | -15.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €23,670 | €12,775 | -€10,894 | -46.0% |
| Income taxes | 67/77 | €3,005 | €5,741 | +€2,736 | +91.0% |
| Profit (loss) for the period | 9904 | €20,664 | €7,034 | -€13,630 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,664 | €7,034 | -€13,630 | -66.0% |
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 19 October 2026 via checked.be.