Verschraegen J.: 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.
Verschraegen J.
Largest movements
- Receivables within one year -€17,785
down €17,785 (-23.7%), from €74,990 to €57,205
of which Other amounts receivable: -€11,410
- Cash +€16,975
up €16,975 (+47.5%), from €35,758 to €52,733
mainly Trade debts (+€25,989) and Receivables within one year (+€17,785)
- Deferred charges and accrued income +€2,120
up €2,120 (+222%), from €953 to €3,073
- Trade debts +€25,989
up €25,989 (+972%), from €2,674 to €28,663
- Other debts -€15,000
down €15,000 (-100%), from €15,000 to €0
- Accrued charges and deferred income -€8,740
down €8,740 (-100%), from €8,740 to €0
- Gross operating margin -€25,267
down €25,267 (-30.4%), from €83,023 to €57,757
- Financial charges +€8,220
up €8,220 (+20.0%), from €41,080 to €49,300
- Taxes -€3,431
down €3,431 (-68.0%), from €5,044 to €1,613
- Depreciation -€1,786
down €1,786 (-46.9%), from €3,804 to €2,018
- Staff costs +€902
new in 2025: €902
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 | €122,365 | €125,780 | +€3,415 | +2.8% |
| Fixed assets | 21/28 | €2,859 | €3,941 | +€1,082 | +37.8% |
| Tangible fixed assets | 22/27 | €2,859 | €3,941 | +€1,082 | +37.8% |
| Furniture and vehicles | 24 | €742 | €335 | -€407 | -54.9% |
| Other tangible fixed assets | 26 | €2,117 | €3,606 | +€1,489 | +70.4% |
| Current assets | 29/58 | €119,506 | €121,838 | +€2,333 | +2.0% |
| Amounts receivable within one year | 40/41 | €74,990 | €57,205 | -€17,785 | -23.7% |
| Trade receivables | 40 | €36,770 | €30,395 | -€6,375 | -17.3% |
| Other amounts receivable | 41 | €38,221 | €26,810 | -€11,410 | -29.9% |
| Current investments | 50/53 | €7,804 | €8,827 | +€1,023 | +13.1% |
| Cash at bank and in hand | 54/58 | €35,758 | €52,733 | +€16,975 | +47.5% |
| Deferred charges and accrued income | 490/1 | €953 | €3,073 | +€2,120 | +222% |
| Total equity and liabilities | 10/49 | €122,365 | €125,780 | +€3,415 | +2.8% |
| Equity | 10/15 | €93,173 | €93,882 | +€709 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,221 | €58,221 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,538 | €12,538 | = | 0.0% |
| Distributable reserves | 133 | €43,823 | €43,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,352 | €17,061 | +€709 | +4.3% |
| Amounts payable | 17/49 | €29,191 | €31,897 | +€2,706 | +9.3% |
| Amounts payable within one year | 42/48 | €20,451 | €31,897 | +€11,446 | +56.0% |
| Trade debts | 44 | €2,674 | €28,663 | +€25,989 | +972% |
| Suppliers | 440/4 | €2,674 | €28,663 | +€25,989 | +972% |
| Taxes, remuneration and social security | 45 | €2,777 | €3,234 | +€456 | +16.4% |
| Taxes | 450/3 | €44 | €3,234 | +€3,190 | +7,224% |
| Remuneration and social security | 454/9 | €2,733 | €0 | -€2,733 | -100% |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100% |
| Accrued charges and deferred income | 492/3 | €8,740 | €0 | -€8,740 | -100% |
| Remuneration, social security and pensions | 62 | - | €902 | +€902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €2,018 | -€1,786 | -46.9% |
| Other operating charges | 640/8 | €2,543 | €3,214 | +€671 | +26.4% |
| Gross operating margin | 9900 | €83,023 | €57,757 | -€25,267 | -30.4% |
| Operating profit (loss) | 9901 | €76,677 | €51,622 | -€25,055 | -32.7% |
| Financial income | 75/76B | €800 | €0 | -€800 | -100% |
| Recurring financial income | 75 | €800 | €0 | -€800 | -100% |
| Financial charges | 65/66B | €41,080 | €49,300 | +€8,220 | +20.0% |
| Recurring financial charges | 65 | €41,080 | €49,300 | +€8,220 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €36,397 | €2,322 | -€34,075 | -93.6% |
| Income taxes | 67/77 | €5,044 | €1,613 | -€3,431 | -68.0% |
| Profit (loss) for the period | 9904 | €31,352 | €709 | -€30,643 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,352 | €709 | -€30,643 | -97.7% |
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.