VERSCHUERE CONSTRUCT: 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.
VERSCHUERE CONSTRUCT
Largest movements
- Receivables within one year -€6,960
down €6,960 (-8.9%), from €78,565 to €71,605
of which Trade receivables: -€13,855
- Tangible fixed assets +€6,857
up €6,857 (+2.6%), from €261,362 to €268,219
of which Land and buildings: +€20,303
- Contributions -€64,000
down €64,000 (-77.5%), from €82,600 to €18,600
- Revaluation surpluses +€35,000
new in 2025: €35,000
- Profit (loss) carried forward +€31,206
up €31,206 (+65.4%), from -€47,733 to -€16,527
- Trade debts -€10,831
down €10,831 (-18.5%), from €58,569 to €47,738
- Tax, wage and social debts +€4,969
up €4,969 (+77.7%), from €6,391 to €11,360
of which Remuneration and social security: +€5,502
- Depreciation -€36,594
down €36,594 (-56.7%), from €64,571 to €27,977
- Gross operating margin -€14,496
down €14,496 (-10.2%), from €142,581 to €128,085
- Staff costs -€9,053
down €9,053 (-13.4%), from €67,428 to €58,375
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 | €401,363 | €397,551 | -€3,812 | -0.9% |
| Fixed assets | 21/28 | €261,362 | €268,219 | +€6,857 | +2.6% |
| Tangible fixed assets | 22/27 | €261,362 | €268,219 | +€6,857 | +2.6% |
| Land and buildings | 22 | €184,942 | €205,245 | +€20,303 | +11.0% |
| Plant, machinery and equipment | 23 | €75,957 | €62,826 | -€13,131 | -17.3% |
| Furniture and vehicles | 24 | €463 | €149 | -€314 | -67.9% |
| Current assets | 29/58 | €140,001 | €129,332 | -€10,669 | -7.6% |
| Stocks and contracts in progress | 3 | €50,211 | €46,243 | -€3,968 | -7.9% |
| Stocks | 30/36 | €50,211 | €46,243 | -€3,968 | -7.9% |
| Amounts receivable within one year | 40/41 | €78,565 | €71,605 | -€6,960 | -8.9% |
| Trade receivables | 40 | €75,271 | €61,416 | -€13,855 | -18.4% |
| Other amounts receivable | 41 | €3,294 | €10,189 | +€6,895 | +209% |
| Cash at bank and in hand | 54/58 | €3,954 | €6,770 | +€2,816 | +71.2% |
| Deferred charges and accrued income | 490/1 | €7,271 | €4,714 | -€2,557 | -35.2% |
| Total equity and liabilities | 10/49 | €401,363 | €397,551 | -€3,812 | -0.9% |
| Equity | 10/15 | €51,867 | €54,073 | +€2,206 | +4.3% |
| Contributions | 10/11 | €82,600 | €18,600 | -€64,000 | -77.5% |
| Revaluation surpluses | 12 | - | €35,000 | +€35,000 | |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,733 | -€16,527 | +€31,206 | +65.4% |
| Amounts payable | 17/49 | €349,496 | €343,478 | -€6,018 | -1.7% |
| Amounts payable after more than one year | 17 | €208,778 | €212,768 | +€3,990 | +1.9% |
| Financial debts | 170/4 | €208,778 | €204,768 | -€4,010 | -1.9% |
| Other amounts payable | 178/9 | - | €8,000 | +€8,000 | |
| Amounts payable within one year | 42/48 | €140,718 | €130,534 | -€10,184 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €40,797 | €38,010 | -€2,787 | -6.8% |
| Financial debts | 43 | €34,961 | €33,426 | -€1,535 | -4.4% |
| Credit institutions | 430/8 | €34,961 | €33,426 | -€1,535 | -4.4% |
| Trade debts | 44 | €58,569 | €47,738 | -€10,831 | -18.5% |
| Suppliers | 440/4 | €58,569 | €47,738 | -€10,831 | -18.5% |
| Taxes, remuneration and social security | 45 | €6,391 | €11,360 | +€4,969 | +77.7% |
| Taxes | 450/3 | €6,391 | €5,858 | -€533 | -8.3% |
| Remuneration and social security | 454/9 | - | €5,502 | +€5,502 | |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Non-recurring operating income | 76A | - | €661 | +€661 | |
| Remuneration, social security and pensions | 62 | €67,428 | €58,375 | -€9,053 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,571 | €27,977 | -€36,594 | -56.7% |
| Other operating charges | 640/8 | €2,797 | €1,795 | -€1,002 | -35.8% |
| Gross operating margin | 9900 | €142,581 | €128,085 | -€14,496 | -10.2% |
| Operating profit (loss) | 9901 | €7,785 | €39,938 | +€32,153 | +413% |
| Financial income | 75/76B | €107 | €727 | +€620 | +580% |
| Recurring financial income | 75 | €107 | €270 | +€163 | +152% |
| Non-recurring financial income | 76B | - | €457 | +€457 | |
| Financial charges | 65/66B | €9,543 | €9,237 | -€306 | -3.2% |
| Recurring financial charges | 65 | €9,543 | €9,237 | -€306 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,651 | €31,428 | +€33,079 | |
| Income taxes | 67/77 | €472 | €221 | -€251 | -53.1% |
| Profit (loss) for the period | 9904 | -€2,123 | €31,206 | +€33,329 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,123 | €31,206 | +€33,329 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.