Verschaeren-Baumans: 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.
Verschaeren-Baumans
Largest movements
- Cash -€72,085
down €72,085 (-15.1%), from €476,420 to €404,334
mainly Receivables within one year (-€50,806) and Other debts (-€34,246)
- Receivables within one year +€50,806
up €50,806 (+49.0%), from €103,714 to €154,519
of which Trade receivables: +€53,892
- Other debts -€34,246
down €34,246 (-26.0%), from €131,526 to €97,280
- Reserves +€27,915
up €27,915 (+9.2%), from €302,026 to €329,940
of which Distributable reserves: +€27,915
- Trade debts -€26,220
down €26,220 (-38.9%), from €67,434 to €41,214
- Staff costs -€48,277
down €48,277 (-19.8%), from €244,408 to €196,131
- Gross operating margin -€30,540
down €30,540 (-11.0%), from €277,044 to €246,504
- Taxes +€6,426
up €6,426 (+172%), from €3,739 to €10,165
- Financial charges -€3,853
down €3,853 (-30.7%), from €12,542 to €8,689
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 | €615,834 | €589,363 | -€26,471 | -4.3% |
| Fixed assets | 21/28 | €32,882 | €30,509 | -€2,372 | -7.2% |
| Tangible fixed assets | 22/27 | €14,384 | €12,011 | -€2,372 | -16.5% |
| Plant, machinery and equipment | 23 | €12,512 | €10,676 | -€1,836 | -14.7% |
| Furniture and vehicles | 24 | €1,872 | €1,335 | -€537 | -28.7% |
| Financial fixed assets | 28 | €18,498 | €18,498 | = | 0.0% |
| Current assets | 29/58 | €582,952 | €558,854 | -€24,098 | -4.1% |
| Amounts receivable within one year | 40/41 | €103,714 | €154,519 | +€50,806 | +49.0% |
| Trade receivables | 40 | €85,695 | €139,587 | +€53,892 | +62.9% |
| Other amounts receivable | 41 | €18,019 | €14,932 | -€3,086 | -17.1% |
| Cash at bank and in hand | 54/58 | €476,420 | €404,334 | -€72,085 | -15.1% |
| Deferred charges and accrued income | 490/1 | €2,819 | €0 | -€2,819 | -100% |
| Total equity and liabilities | 10/49 | €615,834 | €589,363 | -€26,471 | -4.3% |
| Equity | 10/15 | €403,662 | €431,577 | +€27,915 | +6.9% |
| Contributions | 10/11 | €101,636 | €101,636 | = | 0.0% |
| Reserves | 13 | €302,026 | €329,940 | +€27,915 | +9.2% |
| Non-distributable reserves | 130/1 | €10,164 | €10,164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,164 | €10,164 | = | 0.0% |
| Distributable reserves | 133 | €291,862 | €319,777 | +€27,915 | +9.6% |
| Amounts payable | 17/49 | €212,172 | €157,787 | -€54,386 | -25.6% |
| Amounts payable within one year | 42/48 | €212,172 | €157,787 | -€54,386 | -25.6% |
| Trade debts | 44 | €67,434 | €41,214 | -€26,220 | -38.9% |
| Suppliers | 440/4 | €67,434 | €41,214 | -€26,220 | -38.9% |
| Taxes, remuneration and social security | 45 | €13,213 | €19,293 | +€6,080 | +46.0% |
| Taxes | 450/3 | €3,335 | €9,061 | +€5,726 | +172% |
| Remuneration and social security | 454/9 | €9,878 | €10,232 | +€354 | +3.6% |
| Other amounts payable | 47/48 | €131,526 | €97,280 | -€34,246 | -26.0% |
| Remuneration, social security and pensions | 62 | €244,408 | €196,131 | -€48,277 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,121 | €5,617 | -€1,504 | -21.1% |
| Other operating charges | 640/8 | €3,821 | €1,865 | -€1,956 | -51.2% |
| Gross operating margin | 9900 | €277,044 | €246,504 | -€30,540 | -11.0% |
| Operating profit (loss) | 9901 | €21,694 | €42,890 | +€21,197 | +97.7% |
| Financial income | 75/76B | €4,299 | €3,878 | -€421 | -9.8% |
| Recurring financial income | 75 | €4,299 | €3,878 | -€421 | -9.8% |
| Financial charges | 65/66B | €12,542 | €8,689 | -€3,853 | -30.7% |
| Recurring financial charges | 65 | €12,542 | €8,689 | -€3,853 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €13,451 | €38,080 | +€24,629 | +183% |
| Income taxes | 67/77 | €3,739 | €10,165 | +€6,426 | +172% |
| Profit (loss) for the period | 9904 | €9,712 | €27,915 | +€18,203 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €9,712 | €27,915 | +€18,203 | +187% |
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 31 October 2026 via checked.be.