VERRIEST: what changed
What changed
VERRIEST
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€20,423
2024 · €20,732-€310
Equity
€135,013
2024 · €123,117+€11,896
Cash
€70,704
2024 · €28,750+€41,955
Balance sheet total
€509,468
2024 · €495,615+€13,853
Largest movements
Assets
- Receivables within one year -€51,371
down €51,371 (-69.2%), from €74,286 to €22,915
of which Trade receivables: -€52,109
- Cash +€41,955
up €41,955 (+146%), from €28,750 to €70,704
mainly Receivables within one year (+€51,371) and Depreciation (+€49,630)
- Tangible fixed assets +€20,349
up €20,349 (+5.3%), from €380,764 to €401,114
of which Furniture and vehicles: +€40,458
Equity and liabilities
- Debts after one year +€21,682
up €21,682 (+7.8%), from €277,599 to €299,281
- Trade debts -€15,706
down €15,706 (-57.8%), from €27,166 to €11,460
- Other debts -€14,116
down €14,116 (-53.0%), from €26,635 to €12,519
- Reserves +€11,896
up €11,896 (+11.4%), from €104,517 to €116,413
of which Tax-exempt reserves: +€11,896
- Current portion of long-term debt +€9,208
up €9,208 (+35.5%), from €25,963 to €35,170
Income statement
- Gross operating margin +€20,986
up €20,986 (+16.6%), from €126,320 to €147,306
- Staff costs +€19,688
up €19,688 (+40.3%), from €48,866 to €68,555
- Taxes -€12,056
down €12,056, from €6,505 to -€5,551
- Depreciation +€11,875
up €11,875 (+31.5%), from €37,755 to €49,630
- Other operating charges -€3,843
down €3,843 (-53.8%), from €7,141 to €3,299
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,732
Gross operating margin
+€20,986
Staff costs
-€19,688
Depreciation
-€11,875
Other operating charges
+€3,843
Financial income
+€193
Financial charges
-€1,858
Taxes
+€12,056
Deferred taxes and other
-€3,965
Result 2025
€20,423
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€95,352
Investment
-€69,979
Financing
+€16,581
Cash 2024
€28,750
From operations (derived)
+€95,352
Net result for the year
+€20,423
Depreciation
+€49,630
Stocks and contracts
+€436
Receivables within one year
+€51,371
Deferred charges and accrued income
-€3,356
Provisions
+€3,965
Trade debts
-€15,706
Tax, wage and social debts
+€4,626
Other debts
-€14,116
Accrued charges and deferred income
-€1,920
Investment (derived)
-€69,979
Investment in fixed assets (net)
-€69,979
Financing
+€16,581
Debts after one year
+€21,682
Current portion of long-term debt
+€9,208
Short-term financial debts
-€5,782
Contributions, distributions and other
-€8,527
Cash 2025
€70,704
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,615 | €509,468 | +€13,853 | +2.8% |
| Fixed assets | 21/28 | €381,249 | €401,599 | +€20,349 | +5.3% |
| Tangible fixed assets | 22/27 | €380,764 | €401,114 | +€20,349 | +5.3% |
| Land and buildings | 22 | €325,860 | €303,016 | -€22,844 | -7.0% |
| Plant, machinery and equipment | 23 | €8,270 | €11,006 | +€2,736 | +33.1% |
| Furniture and vehicles | 24 | €46,634 | €87,092 | +€40,458 | +86.8% |
| Financial fixed assets | 28 | €485 | €485 | = | 0.0% |
| Current assets | 29/58 | €114,365 | €107,869 | -€6,496 | -5.7% |
| Stocks and contracts in progress | 3 | €7,616 | €7,179 | -€436 | -5.7% |
| Stocks | 30/36 | €7,616 | €7,179 | -€436 | -5.7% |
| Amounts receivable within one year | 40/41 | €74,286 | €22,915 | -€51,371 | -69.2% |
| Trade receivables | 40 | €55,811 | €3,702 | -€52,109 | -93.4% |
| Other amounts receivable | 41 | €18,475 | €19,213 | +€738 | +4.0% |
| Cash at bank and in hand | 54/58 | €28,750 | €70,704 | +€41,955 | +146% |
| Deferred charges and accrued income | 490/1 | €3,714 | €7,070 | +€3,356 | +90.4% |
| Total equity and liabilities | 10/49 | €495,615 | €509,468 | +€13,853 | +2.8% |
| Equity | 10/15 | €123,117 | €135,013 | +€11,896 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,517 | €116,413 | +€11,896 | +11.4% |
| Tax-exempt reserves | 132 | - | €11,896 | +€11,896 | |
| Distributable reserves | 133 | €104,517 | €104,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €3,965 | +€3,965 | |
| Deferred taxes | 168 | - | €3,965 | +€3,965 | |
| Amounts payable | 17/49 | €372,497 | €370,489 | -€2,008 | -0.5% |
| Amounts payable after more than one year | 17 | €277,599 | €299,281 | +€21,682 | +7.8% |
| Financial debts | 170/4 | €277,599 | €299,281 | +€21,682 | +7.8% |
| Amounts payable within one year | 42/48 | €92,979 | €71,208 | -€21,770 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €25,963 | €35,170 | +€9,208 | +35.5% |
| Financial debts | 43 | €8,282 | €2,500 | -€5,782 | -69.8% |
| Credit institutions | 430/8 | €8,282 | €2,500 | -€5,782 | -69.8% |
| Trade debts | 44 | €27,166 | €11,460 | -€15,706 | -57.8% |
| Suppliers | 440/4 | €27,166 | €11,460 | -€15,706 | -57.8% |
| Taxes, remuneration and social security | 45 | €4,934 | €9,560 | +€4,626 | +93.8% |
| Taxes | 450/3 | €0 | €8,154 | +€8,154 | |
| Remuneration and social security | 454/9 | €4,934 | €1,406 | -€3,528 | -71.5% |
| Other amounts payable | 47/48 | €26,635 | €12,519 | -€14,116 | -53.0% |
| Accrued charges and deferred income | 492/3 | €1,920 | - | -€1,920 | |
| Remuneration, social security and pensions | 62 | €48,866 | €68,555 | +€19,688 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,755 | €49,630 | +€11,875 | +31.5% |
| Other operating charges | 640/8 | €7,141 | €3,299 | -€3,843 | -53.8% |
| Gross operating margin | 9900 | €126,320 | €147,306 | +€20,986 | +16.6% |
| Operating profit (loss) | 9901 | €32,558 | €25,823 | -€6,735 | -20.7% |
| Financial income | 75/76B | €415 | €608 | +€193 | +46.5% |
| Recurring financial income | 75 | €415 | €608 | +€193 | +46.5% |
| Financial charges | 65/66B | €5,736 | €7,594 | +€1,858 | +32.4% |
| Recurring financial charges | 65 | €5,736 | €7,594 | +€1,858 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €27,238 | €18,837 | -€8,401 | -30.8% |
| Transfer from deferred taxes | 780 | - | €722 | +€722 | |
| Transfer to deferred taxes | 680 | - | €4,688 | +€4,688 | |
| Income taxes | 67/77 | €6,505 | -€5,551 | -€12,056 | |
| Profit (loss) for the period | 9904 | €20,732 | €20,423 | -€310 | -1.5% |
| Transfer from tax-exempt reserves | 789 | - | €2,167 | +€2,167 | |
| Transfer to tax-exempt reserves | 689 | - | €14,063 | +€14,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,732 | €8,527 | -€12,206 | -58.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.