VERSCHUERE JOHAN: 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 JOHAN
Largest movements
- Cash +€283,179
up €283,179 (+44.7%), from €633,937 to €917,116
mainly Other debts (+€519,825) and Current investments (+€200,000)
- Current investments -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Tangible fixed assets -€13,294
down €13,294 (-15.9%), from €83,563 to €70,268
of which Land and buildings: -€13,260
- Other debts +€519,825
up €519,825 (+1,003%), from €51,828 to €571,653
- Reserves -€464,732
down €464,732 (-63.0%), from €737,172 to €272,439
- Tax, wage and social debts +€13,210
up €13,210 (+173%), from €7,638 to €20,848
- Financial income +€61,517
up €61,517 (+774%), from €7,952 to €69,469
- Taxes +€22,129
up €22,129 (+291%), from €7,603 to €29,731
- Gross operating margin +€5,014
up €5,014 (+12.2%), from €41,186 to €46,200
- Financial charges -€1,133
down €1,133 (-23.5%), from €4,815 to €3,683
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 | €1,123,076 | €1,190,276 | +€67,200 | +6.0% |
| Fixed assets | 21/28 | €83,563 | €70,268 | -€13,294 | -15.9% |
| Tangible fixed assets | 22/27 | €83,563 | €70,268 | -€13,294 | -15.9% |
| Land and buildings | 22 | €83,528 | €70,268 | -€13,260 | -15.9% |
| Plant, machinery and equipment | 23 | €34 | €0 | -€34 | -100% |
| Current assets | 29/58 | €1,039,514 | €1,120,008 | +€80,494 | +7.7% |
| Stocks and contracts in progress | 3 | €132 | €119 | -€13 | -9.9% |
| Stocks | 30/36 | €132 | €119 | -€13 | -9.9% |
| Amounts receivable within one year | 40/41 | €5,445 | €2,773 | -€2,672 | -49.1% |
| Trade receivables | 40 | €5,445 | €2,773 | -€2,672 | -49.1% |
| Current investments | 50/53 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €633,937 | €917,116 | +€283,179 | +44.7% |
| Total equity and liabilities | 10/49 | €1,123,076 | €1,190,276 | +€67,200 | +6.0% |
| Equity | 10/15 | €1,058,807 | €594,075 | -€464,732 | -43.9% |
| Contributions | 10/11 | €321,205 | €321,205 | = | 0.0% |
| Reserves | 13 | €737,172 | €272,439 | -€464,732 | -63.0% |
| Distributable reserves | 133 | €737,172 | €272,439 | -€464,732 | -63.0% |
| Profit (loss) carried forward | 14 | €431 | €431 | = | 0.0% |
| Amounts payable | 17/49 | €64,269 | €596,201 | +€531,932 | +828% |
| Amounts payable within one year | 42/48 | €59,607 | €592,682 | +€533,075 | +894% |
| Trade debts | 44 | €140 | €181 | +€41 | +29.0% |
| Suppliers | 440/4 | €140 | €181 | +€41 | +29.0% |
| Taxes, remuneration and social security | 45 | €7,638 | €20,848 | +€13,210 | +173% |
| Taxes | 450/3 | €7,638 | €20,848 | +€13,210 | +173% |
| Other amounts payable | 47/48 | €51,828 | €571,653 | +€519,825 | +1,003% |
| Accrued charges and deferred income | 492/3 | €4,662 | €3,519 | -€1,143 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,652 | €13,294 | -€358 | -2.6% |
| Other operating charges | 640/8 | €7,201 | €7,448 | +€247 | +3.4% |
| Gross operating margin | 9900 | €41,186 | €46,200 | +€5,014 | +12.2% |
| Operating profit (loss) | 9901 | €20,333 | €25,457 | +€5,124 | +25.2% |
| Financial income | 75/76B | €7,952 | €69,469 | +€61,517 | +774% |
| Recurring financial income | 75 | €7,952 | €69,469 | +€61,517 | +774% |
| Financial charges | 65/66B | €4,815 | €3,683 | -€1,133 | -23.5% |
| Recurring financial charges | 65 | €4,815 | €3,683 | -€1,133 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €23,470 | €91,244 | +€67,774 | +289% |
| Income taxes | 67/77 | €7,603 | €29,731 | +€22,129 | +291% |
| Profit (loss) for the period | 9904 | €15,867 | €61,512 | +€45,645 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €15,867 | €61,512 | +€45,645 | +288% |
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 28 October 2026 via checked.be.