VERSCHUEREN FRANS: what changed
VERSCHUEREN FRANS
Largest movements
- Receivables within one year +€49,771
up €49,771 (+56.7%), from €87,847 to €137,618
of which Trade receivables: +€44,060
- Tangible fixed assets +€19,143
up €19,143 (+54.7%), from €35,020 to €54,163
of which Furniture and vehicles: +€19,275
- Cash -€8,273
down €8,273 (-54.9%), from €15,073 to €6,800
mainly Receivables within one year (-€49,771) and Investment in fixed assets (net) (-€33,844)
- Stocks and contracts -€2,600
down €2,600 (-54.2%), from €4,800 to €2,200
- Deferred charges and accrued income +€2,218
up €2,218 (+373%), from €594 to €2,812
- Other debts +€23,120
up €23,120 (+558%), from €4,145 to €27,265
- Trade debts +€20,283
up €20,283 (+81.7%), from €24,827 to €45,110
- Reserves +€17,564
up €17,564 (+18.9%), from €92,965 to €110,529
- Accrued charges and deferred income -€2,629
no longer reported in 2025 (was €2,629)
- Gross operating margin +€33,471
up €33,471 (+1,389%), from €2,409 to €35,880
- Taxes +€1,741
up €1,741 (+967%), from €180 to €1,921
- Financial charges +€676
up €676 (+136%), from €496 to €1,172
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,346 | €203,605 | +€60,259 | +42.0% |
| Fixed assets | 21/28 | €35,032 | €54,175 | +€19,143 | +54.6% |
| Tangible fixed assets | 22/27 | €35,020 | €54,163 | +€19,143 | +54.7% |
| Plant, machinery and equipment | 23 | €132 | - | -€132 | |
| Furniture and vehicles | 24 | €34,888 | €54,163 | +€19,275 | +55.2% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €108,314 | €149,430 | +€41,116 | +38.0% |
| Stocks and contracts in progress | 3 | €4,800 | €2,200 | -€2,600 | -54.2% |
| Stocks | 30/36 | €4,800 | €2,200 | -€2,600 | -54.2% |
| Amounts receivable within one year | 40/41 | €87,847 | €137,618 | +€49,771 | +56.7% |
| Trade receivables | 40 | €82,704 | €126,764 | +€44,060 | +53.3% |
| Other amounts receivable | 41 | €5,143 | €10,854 | +€5,711 | +111% |
| Cash at bank and in hand | 54/58 | €15,073 | €6,800 | -€8,273 | -54.9% |
| Deferred charges and accrued income | 490/1 | €594 | €2,812 | +€2,218 | +373% |
| Total equity and liabilities | 10/49 | €143,346 | €203,605 | +€60,259 | +42.0% |
| Equity | 10/15 | €111,565 | €129,129 | +€17,564 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,965 | €110,529 | +€17,564 | +18.9% |
| Distributable reserves | 133 | €92,965 | €110,529 | +€17,564 | +18.9% |
| Amounts payable | 17/49 | €31,781 | €74,476 | +€42,695 | +134% |
| Amounts payable within one year | 42/48 | €29,152 | €74,476 | +€45,324 | +155% |
| Trade debts | 44 | €24,827 | €45,110 | +€20,283 | +81.7% |
| Suppliers | 440/4 | €24,827 | €45,110 | +€20,283 | +81.7% |
| Taxes, remuneration and social security | 45 | €180 | €2,101 | +€1,921 | +1,067% |
| Taxes | 450/3 | €180 | €2,101 | +€1,921 | +1,067% |
| Other amounts payable | 47/48 | €4,145 | €27,265 | +€23,120 | +558% |
| Accrued charges and deferred income | 492/3 | €2,629 | - | -€2,629 | |
| Non-recurring operating income | 76A | - | €8,265 | +€8,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,671 | €14,701 | +€30 | +0.2% |
| Other operating charges | 640/8 | €619 | €638 | +€19 | +3.1% |
| Gross operating margin | 9900 | €2,409 | €35,880 | +€33,471 | +1,389% |
| Operating profit (loss) | 9901 | -€12,881 | €20,541 | +€33,422 | |
| Financial income | 75/76B | - | €116 | +€116 | |
| Recurring financial income | 75 | - | €116 | +€116 | |
| Financial charges | 65/66B | €496 | €1,172 | +€676 | +136% |
| Recurring financial charges | 65 | €496 | €1,172 | +€676 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€13,377 | €19,485 | +€32,862 | |
| Income taxes | 67/77 | €180 | €1,921 | +€1,741 | +967% |
| Profit (loss) for the period | 9904 | -€13,557 | €17,564 | +€31,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,557 | €17,564 | +€31,121 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.