Verschueren: 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.
Verschueren
Largest movements
- Cash +€181,775
up €181,775 (+189.3%), from €96,005 to €277,781
mainly Net result for the year (+€88,798) and Advances received (+€52,772)
- Stocks and contracts -€5,674
down €5,674 (-28.8%), from €19,720 to €14,047
- Reserves +€88,798
up €88,798 (+77.4%), from €114,682 to €203,480
- Advances received +€52,772
new in 2025: €52,772
- Tax, wage and social debts +€34,625
up €34,625 (+271.1%), from €12,772 to €47,398
- Gross operating margin +€24,699
up €24,699 (+24.5%), from €100,659 to €125,359
- Taxes +€8,014
up €8,014 (+29.5%), from €27,121 to €35,135
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 | €143,182 | €321,172 | +€177,990 | +124.3% |
| Fixed assets | 21/28 | €2,348 | €1,668 | -€680 | -29.0% |
| Tangible fixed assets | 22/27 | €2,348 | €1,668 | -€680 | -29.0% |
| Furniture and vehicles | 24 | €2,348 | €1,668 | -€680 | -29.0% |
| Current assets | 29/58 | €140,833 | €319,504 | +€178,670 | +126.9% |
| Stocks and contracts in progress | 3 | €19,720 | €14,047 | -€5,674 | -28.8% |
| Stocks | 30/36 | €19,720 | €14,047 | -€5,674 | -28.8% |
| Amounts receivable within one year | 40/41 | €21,916 | €23,014 | +€1,098 | +5.0% |
| Trade receivables | 40 | €14,335 | €21,596 | +€7,261 | +50.6% |
| Other amounts receivable | 41 | €7,580 | €1,418 | -€6,162 | -81.3% |
| Cash at bank and in hand | 54/58 | €96,005 | €277,781 | +€181,775 | +189.3% |
| Deferred charges and accrued income | 490/1 | €3,192 | €4,663 | +€1,470 | +46.1% |
| Total equity and liabilities | 10/49 | €143,182 | €321,172 | +€177,990 | +124.3% |
| Equity | 10/15 | €120,682 | €209,480 | +€88,798 | +73.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €114,682 | €203,480 | +€88,798 | +77.4% |
| Distributable reserves | 133 | €114,682 | €203,480 | +€88,798 | +77.4% |
| Amounts payable | 17/49 | €22,500 | €111,693 | +€89,192 | +396.4% |
| Amounts payable within one year | 42/48 | €22,500 | €111,693 | +€89,192 | +396.4% |
| Trade debts | 44 | €6,090 | €8,488 | +€2,398 | +39.4% |
| Suppliers | 440/4 | €6,090 | €8,488 | +€2,398 | +39.4% |
| Advances received on contracts in progress | 46 | - | €52,772 | +€52,772 | |
| Taxes, remuneration and social security | 45 | €12,772 | €47,398 | +€34,625 | +271.1% |
| Taxes | 450/3 | €12,772 | €47,398 | +€34,625 | +271.1% |
| Other amounts payable | 47/48 | €3,638 | €3,035 | -€603 | -16.6% |
| Remuneration, social security and pensions | 62 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €680 | €680 | = | 0.0% |
| Other operating charges | 640/8 | €1,028 | €516 | -€511 | -49.8% |
| Gross operating margin | 9900 | €100,659 | €125,359 | +€24,699 | +24.5% |
| Operating profit (loss) | 9901 | €98,791 | €124,162 | +€25,371 | +25.7% |
| Financial income | 75/76B | €467 | €443 | -€24 | -5.1% |
| Recurring financial income | 75 | €467 | €443 | -€24 | -5.1% |
| Financial charges | 65/66B | €558 | €673 | +€115 | +20.5% |
| Recurring financial charges | 65 | €558 | €673 | +€115 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €98,701 | €123,933 | +€25,232 | +25.6% |
| Income taxes | 67/77 | €27,121 | €35,135 | +€8,014 | +29.5% |
| Profit (loss) for the period | 9904 | €71,580 | €88,798 | +€17,219 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,580 | €88,798 | +€17,219 | +24.1% |
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 10 October 2026 via checked.be.