VERSCHAKELEN & CO: what changed
Two fiscal 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.
VERSCHAKELEN & CO
Largest movements
- Receivables within one year +€145,926
up €145,926 (+90.6%), from €161,019 to €306,945
of which Trade receivables: +€143,985
- Cash +€8,409
up €8,409 (+387.8%), from €2,168 to €10,577
mainly Advances received (+€78,923) and Trade debts (+€77,099)
- Stocks and contracts +€7,474
up €7,474 (+11.9%), from €62,780 to €70,254
- Advances received +€78,923
new in 2025: €78,923
- Trade debts +€77,099
up €77,099 (+77.5%), from €99,539 to €176,638
- Gross operating margin +€59,320
up €59,320 (+49.0%), from €121,172 to €180,492
- Write-downs +€48,420
new in 2025: €48,420
- Staff costs +€9,002
up €9,002 (+13.4%), from €67,203 to €76,205
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.
Cash bridge derived
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 | €233,025 | €393,964 | +€160,939 | +69.1% |
| Fixed assets | 21/28 | €5,335 | €3,645 | -€1,690 | -31.7% |
| Tangible fixed assets | 22/27 | €5,093 | €3,403 | -€1,690 | -33.2% |
| Plant, machinery and equipment | 23 | €3,657 | €2,482 | -€1,175 | -32.1% |
| Furniture and vehicles | 24 | €1,436 | €921 | -€515 | -35.8% |
| Financial fixed assets | 28 | €242 | €242 | = | 0.0% |
| Current assets | 29/58 | €227,691 | €390,320 | +€162,629 | +71.4% |
| Stocks and contracts in progress | 3 | €62,780 | €70,254 | +€7,474 | +11.9% |
| Stocks | 30/36 | €62,780 | €70,254 | +€7,474 | +11.9% |
| Amounts receivable within one year | 40/41 | €161,019 | €306,945 | +€145,926 | +90.6% |
| Trade receivables | 40 | €134,165 | €278,150 | +€143,985 | +107.3% |
| Other amounts receivable | 41 | €26,854 | €28,795 | +€1,941 | +7.2% |
| Cash at bank and in hand | 54/58 | €2,168 | €10,577 | +€8,409 | +387.8% |
| Deferred charges and accrued income | 490/1 | €1,723 | €2,544 | +€821 | +47.6% |
| Total equity and liabilities | 10/49 | €233,025 | €393,964 | +€160,939 | +69.1% |
| Equity | 10/15 | €60,427 | €60,880 | +€453 | +0.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €35,427 | €35,880 | +€453 | +1.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €32,927 | €33,380 | +€453 | +1.4% |
| Amounts payable | 17/49 | €172,598 | €333,084 | +€160,486 | +93.0% |
| Amounts payable within one year | 42/48 | €171,098 | €331,584 | +€160,486 | +93.8% |
| Trade debts | 44 | €99,539 | €176,638 | +€77,099 | +77.5% |
| Suppliers | 440/4 | €99,539 | €176,638 | +€77,099 | +77.5% |
| Advances received on contracts in progress | 46 | - | €78,923 | +€78,923 | |
| Taxes, remuneration and social security | 45 | €11,559 | €13,023 | +€1,464 | +12.7% |
| Taxes | 450/3 | €1,349 | €920 | -€429 | -31.8% |
| Remuneration and social security | 454/9 | €10,210 | €12,103 | +€1,893 | +18.5% |
| Other amounts payable | 47/48 | €60,000 | €63,000 | +€3,000 | +5.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €480 | - | -€480 | |
| Remuneration, social security and pensions | 62 | €67,203 | €76,205 | +€9,002 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €1,690 | +€169 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €48,420 | +€48,420 | |
| Other operating charges | 640/8 | €749 | €709 | -€40 | -5.4% |
| Gross operating margin | 9900 | €121,172 | €180,492 | +€59,320 | +49.0% |
| Operating profit (loss) | 9901 | €51,699 | €53,468 | +€1,769 | +3.4% |
| Financial income | 75/76B | €62 | €38 | -€23 | -37.9% |
| Recurring financial income | 75 | €62 | €38 | -€23 | -37.9% |
| Financial charges | 65/66B | €517 | €392 | -€125 | -24.1% |
| Recurring financial charges | 65 | €517 | €392 | -€125 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €51,243 | €53,114 | +€1,871 | +3.7% |
| Income taxes | 67/77 | €747 | €661 | -€86 | -11.5% |
| Profit (loss) for the period | 9904 | €50,496 | €52,453 | +€1,957 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,496 | €52,453 | +€1,957 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.