VERSCHOORE CONSTRUCTIE: 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.
What changed
VERSCHOORE CONSTRUCTIE
NACE 25.220, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.1m+€833,691
Equity
€6.0m
2024 · €5.6m+€355,176
Cash
€1.9m
2024 · €925,311+€995,348
Balance sheet total
€9.3m
2024 · €7.4m+€1.9m
Largest movements
Assets
- Cash +€995,348
up €995,348 (+107.6%), from €925,311 to €1.9m
mainly Net result for the year (+€1.9m) and Trade debts (+€626,252)
- Stocks and contracts +€494,848
up €494,848 (+70.2%), from €705,376 to €1.2m
of which Contracts in progress: +€412,002
- Receivables within one year +€408,068
up €408,068 (+35.5%), from €1.2m to €1.6m
of which Trade receivables: +€366,979
- Tangible fixed assets +€329,106
up €329,106 (+20.0%), from €1.6m to €2.0m
of which Plant, machinery and equipment: +€413,667
- Current investments -€299,661
down €299,661 (-10.9%), from €2.7m to €2.4m
Equity and liabilities
- Trade debts +€626,252
up €626,252 (+43.6%), from €1.4m to €2.1m
- Advances received +€463,211
new in 2025: €463,211
- Other debts +€375,434
up €375,434 (+34130.4%), from €1,100 to €376,534
- Reserves +€355,176
up €355,176 (+7.4%), from €4.8m to €5.2m
of which Distributable reserves: +€999,306
Income statement
- Gross operating margin +€1.1m
up €1.1m (+43.4%), from €2.6m to €3.8m
- Staff costs +€132,722
up €132,722 (+13.5%), from €984,780 to €1.1m
- Taxes +€105,288
up €105,288 (+29.8%), from €353,621 to €458,909
- Depreciation +€92,538
up €92,538 (+41.5%), from €223,239 to €315,776
- Write-downs -€40,000
down €40,000, from €20,000 to -€20,000
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.
Result 2024
€1.1m
Gross operating margin
+€1.1m
Staff costs
-€132,722
Depreciation
-€92,538
Write-downs
+€40,000
Other operating charges
-€4,960
Other operating items
+€76
Financial income
+€1,235
Financial charges
-€11,420
Taxes
-€105,288
Result 2025
€1.9m
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.
From operations
+€2.8m
Investment
-€343,461
Financing
-€1.5m
Cash 2024
€925,311
From operations (derived)
+€2.8m
Net result for the year
+€1.9m
Depreciation
+€315,776
Stocks and contracts
-€494,848
Receivables within one year
-€408,068
Deferred charges and accrued income
+€20,700
Trade debts
+€626,252
Tax, wage and social debts
-€12,099
Advances received
+€463,211
Other debts
+€375,434
Investment (derived)
-€343,461
Investment in fixed assets (net)
-€643,122
Current investments
+€299,661
Financing
-€1.5m
Debts after one year
+€57,650
Current portion of long-term debt
+€39,622
Contributions, distributions and other
-€1.6m
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,436,531 | €9,341,780 | +€1.9m | +25.6% |
| Fixed assets | 21/28 | €1,650,765 | €1,978,111 | +€327,346 | +19.8% |
| Intangible fixed assets | 21 | €3,702 | €2,441 | -€1,260 | -34.0% |
| Tangible fixed assets | 22/27 | €1,646,563 | €1,975,669 | +€329,106 | +20.0% |
| Land and buildings | 22 | €924,781 | €870,551 | -€54,229 | -5.9% |
| Plant, machinery and equipment | 23 | €620,313 | €1,033,980 | +€413,667 | +66.7% |
| Furniture and vehicles | 24 | €71,063 | €47,879 | -€23,184 | -32.6% |
| Leasing and similar rights | 25 | €30,406 | €23,259 | -€7,147 | -23.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €5,785,767 | €7,363,669 | +€1.6m | +27.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €705,376 | €1,200,224 | +€494,848 | +70.2% |
| Stocks | 30/36 | €208,232 | €291,079 | +€82,847 | +39.8% |
| Contracts in progress | 37 | €497,144 | €909,146 | +€412,002 | +82.9% |
| Amounts receivable within one year | 40/41 | €1,150,621 | €1,558,689 | +€408,068 | +35.5% |
| Trade receivables | 40 | €1,041,219 | €1,408,199 | +€366,979 | +35.2% |
| Other amounts receivable | 41 | €109,402 | €150,490 | +€41,088 | +37.6% |
| Current investments | 50/53 | €2,740,193 | €2,440,531 | -€299,661 | -10.9% |
| Cash at bank and in hand | 54/58 | €925,311 | €1,920,658 | +€995,348 | +107.6% |
| Deferred charges and accrued income | 490/1 | €164,266 | €143,566 | -€20,700 | -12.6% |
| Total equity and liabilities | 10/49 | €7,436,531 | €9,341,780 | +€1.9m | +25.6% |
| Equity | 10/15 | €5,596,793 | €5,951,969 | +€355,176 | +6.3% |
| Contributions | 10/11 | €774,667 | €774,667 | = | 0.0% |
| Capital | 10 | €774,667 | €774,667 | = | 0.0% |
| Issued capital | 100 | €774,667 | €774,667 | = | 0.0% |
| Reserves | 13 | €4,822,126 | €5,177,302 | +€355,176 | +7.4% |
| Non-distributable reserves | 130/1 | €77,467 | €77,467 | = | 0.0% |
| Legal reserve | 130 | €77,467 | €77,467 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,578,750 | €934,620 | -€644,130 | -40.8% |
| Distributable reserves | 133 | €3,165,909 | €4,165,215 | +€999,306 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,839,738 | €3,389,811 | +€1.6m | +84.3% |
| Amounts payable after more than one year | 17 | €170,816 | €228,466 | +€57,650 | +33.7% |
| Financial debts | 170/4 | €170,816 | €228,466 | +€57,650 | +33.7% |
| Amounts payable within one year | 42/48 | €1,655,722 | €3,148,144 | +€1.5m | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €68,656 | €108,279 | +€39,622 | +57.7% |
| Trade debts | 44 | €1,435,953 | €2,062,206 | +€626,252 | +43.6% |
| Suppliers | 440/4 | €1,435,953 | €2,062,206 | +€626,252 | +43.6% |
| Advances received on contracts in progress | 46 | - | €463,211 | +€463,211 | |
| Taxes, remuneration and social security | 45 | €150,013 | €137,914 | -€12,099 | -8.1% |
| Taxes | 450/3 | €22,961 | €12,998 | -€9,963 | -43.4% |
| Remuneration and social security | 454/9 | €127,051 | €124,916 | -€2,136 | -1.7% |
| Other amounts payable | 47/48 | €1,100 | €376,534 | +€375,434 | +34130.4% |
| Accrued charges and deferred income | 492/3 | €13,200 | €13,200 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €61,156 | +€61,156 | |
| Remuneration, social security and pensions | 62 | €984,780 | €1,117,502 | +€132,722 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,239 | €315,776 | +€92,538 | +41.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,000 | -€20,000 | -€40,000 | |
| Other operating charges | 640/8 | €29,133 | €34,092 | +€4,960 | +17.0% |
| Non-recurring operating charges | 66A | €76 | €0 | -€76 | -100.0% |
| Gross operating margin | 9900 | €2,623,723 | €3,763,030 | +€1.1m | +43.4% |
| Operating profit (loss) | 9901 | €1,366,496 | €2,315,659 | +€949,163 | +69.5% |
| Financial income | 75/76B | €72,028 | €73,263 | +€1,235 | +1.7% |
| Recurring financial income | 75 | €72,028 | €73,263 | +€1,235 | +1.7% |
| Financial charges | 65/66B | €10,520 | €21,939 | +€11,420 | +108.6% |
| Recurring financial charges | 65 | €10,520 | €21,939 | +€11,420 | +108.6% |
| Profit (loss) for the period before taxes | 9903 | €1,428,004 | €2,366,983 | +€938,979 | +65.8% |
| Income taxes | 67/77 | €353,621 | €458,909 | +€105,288 | +29.8% |
| Profit (loss) for the period | 9904 | €1,074,383 | €1,908,074 | +€833,691 | +77.6% |
| Transfer from tax-exempt reserves | 789 | - | €644,130 | +€644,130 | |
| Transfer to tax-exempt reserves | 689 | €631,500 | €0 | -€631,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €442,883 | €2,552,204 | +€2.1m | +476.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.