VERRETH PKD: 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.
VERRETH PKD
Largest movements
- Cash -€48,499
down €48,499 (-39.9%), from €121,452 to €72,953
mainly Investment in fixed assets (net) (-€332,252) and Debts after one year (-€142,753)
- Receivables within one year -€33,598
down €33,598 (-4.1%), from €812,931 to €779,333
of which Trade receivables: -€72,393
- Tangible fixed assets +€23,936
up €23,936 (+2.4%), from €980,824 to €1.0m
of which Plant, machinery and equipment: +€189,276
- Debts after one year -€142,753
down €142,753 (-14.5%), from €984,204 to €841,451
- Trade debts +€67,808
up €67,808 (+49.0%), from €138,472 to €206,279
- Staff costs -€27,124
down €27,124 (-90.5%), from €29,959 to €2,835
- Financial charges +€18,078
up €18,078 (+73.4%), from €24,616 to €42,694
- Gross operating margin -€15,532
down €15,532 (-4.1%), from €382,523 to €366,991
- Depreciation +€13,940
up €13,940 (+4.7%), from €294,376 to €308,316
- Financial income +€8,868
up €8,868 (+16,700%), from €53 to €8,921
of which Non-recurring financial income: +€8,911
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 | €1,925,301 | €1,866,795 | -€58,505 | -3.0% |
| Fixed assets | 21/28 | €980,824 | €1,004,760 | +€23,936 | +2.4% |
| Tangible fixed assets | 22/27 | €980,824 | €1,004,760 | +€23,936 | +2.4% |
| Land and buildings | 22 | €82,023 | €72,256 | -€9,767 | -11.9% |
| Plant, machinery and equipment | 23 | €227,590 | €416,866 | +€189,276 | +83.2% |
| Furniture and vehicles | 24 | €671,211 | €515,637 | -€155,574 | -23.2% |
| Current assets | 29/58 | €944,477 | €862,036 | -€82,441 | -8.7% |
| Amounts receivable within one year | 40/41 | €812,931 | €779,333 | -€33,598 | -4.1% |
| Trade receivables | 40 | €808,215 | €735,823 | -€72,393 | -9.0% |
| Other amounts receivable | 41 | €4,716 | €43,511 | +€38,795 | +823% |
| Cash at bank and in hand | 54/58 | €121,452 | €72,953 | -€48,499 | -39.9% |
| Deferred charges and accrued income | 490/1 | €10,094 | €9,749 | -€345 | -3.4% |
| Total equity and liabilities | 10/49 | €1,925,301 | €1,866,795 | -€58,505 | -3.0% |
| Equity | 10/15 | €421,965 | €427,153 | +€5,187 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,365 | €408,553 | +€5,187 | +1.3% |
| Distributable reserves | 133 | €403,365 | €408,553 | +€5,187 | +1.3% |
| Amounts payable | 17/49 | €1,503,335 | €1,439,643 | -€63,693 | -4.2% |
| Amounts payable after more than one year | 17 | €984,204 | €841,451 | -€142,753 | -14.5% |
| Financial debts | 170/4 | €984,204 | €841,451 | -€142,753 | -14.5% |
| Amounts payable within one year | 42/48 | €519,131 | €598,192 | +€79,061 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €282,839 | €296,353 | +€13,514 | +4.8% |
| Trade debts | 44 | €138,472 | €206,279 | +€67,808 | +49.0% |
| Suppliers | 440/4 | €138,472 | €206,279 | +€67,808 | +49.0% |
| Taxes, remuneration and social security | 45 | €3,218 | €2,019 | -€1,200 | -37.3% |
| Taxes | 450/3 | €1,596 | €2,019 | +€423 | +26.5% |
| Remuneration and social security | 454/9 | €1,622 | - | -€1,622 | |
| Other amounts payable | 47/48 | €94,602 | €93,541 | -€1,061 | -1.1% |
| Non-recurring operating income | 76A | €1,285 | - | -€1,285 | |
| Remuneration, social security and pensions | 62 | €29,959 | €2,835 | -€27,124 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,376 | €308,316 | +€13,940 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,470 | €14,859 | -€3,611 | -19.6% |
| Other operating charges | 640/8 | €4,106 | €1,501 | -€2,606 | -63.5% |
| Gross operating margin | 9900 | €382,523 | €366,991 | -€15,532 | -4.1% |
| Operating profit (loss) | 9901 | €35,611 | €39,479 | +€3,869 | +10.9% |
| Financial income | 75/76B | €53 | €8,921 | +€8,868 | +16,700% |
| Recurring financial income | 75 | €53 | €9 | -€44 | -82.5% |
| Non-recurring financial income | 76B | - | €8,911 | +€8,911 | |
| Financial charges | 65/66B | €24,616 | €42,694 | +€18,078 | +73.4% |
| Recurring financial charges | 65 | €24,616 | €42,694 | +€18,078 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | €11,048 | €5,706 | -€5,341 | -48.3% |
| Income taxes | 67/77 | €1,596 | €519 | -€1,077 | -67.5% |
| Profit (loss) for the period | 9904 | €9,452 | €5,187 | -€4,264 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,452 | €5,187 | -€4,264 | -45.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.