Verschueren Services: 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 Services
Largest movements
- Stocks and contracts +€68,003
up €68,003 (+370%), from €18,376 to €86,379
- Cash -€17,248
down €17,248 (-33.7%), from €51,199 to €33,951
mainly Stocks and contracts (-€68,003) and Contributions, distributions and other (-€33,680)
- Receivables within one year +€10,890
up €10,890 (+316%), from €3,449 to €14,339
- Receivables after one year -€6,000
down €6,000 (-3.6%), from €168,000 to €162,000
- Tangible fixed assets -€5,658
down €5,658 (-3.2%), from €177,212 to €171,554
of which Land and buildings: -€5,173
- Other debts +€44,639
up €44,639 (+1,776%), from €2,513 to €47,151
- Debts after one year -€10,390
down €10,390 (-8.6%), from €121,075 to €110,685
- Reserves +€10,320
up €10,320 (+3.9%), from €263,679 to €273,999
of which Distributable reserves: +€10,320
- Tax, wage and social debts +€8,079
up €8,079 (+87.8%), from €9,206 to €17,285
- Gross operating margin -€12,226
down €12,226 (-14.5%), from €84,564 to €72,338
- Taxes -€4,233
down €4,233 (-16.6%), from €25,447 to €21,214
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 | €420,057 | €471,158 | +€51,101 | +12.2% |
| Fixed assets | 21/28 | €177,212 | €171,554 | -€5,658 | -3.2% |
| Tangible fixed assets | 22/27 | €177,212 | €171,554 | -€5,658 | -3.2% |
| Land and buildings | 22 | €176,727 | €171,554 | -€5,173 | -2.9% |
| Plant, machinery and equipment | 23 | €485 | - | -€485 | |
| Current assets | 29/58 | €242,845 | €299,604 | +€56,759 | +23.4% |
| Amounts receivable after more than one year | 29 | €168,000 | €162,000 | -€6,000 | -3.6% |
| Other amounts receivable | 291 | €168,000 | €162,000 | -€6,000 | -3.6% |
| Stocks and contracts in progress | 3 | €18,376 | €86,379 | +€68,003 | +370% |
| Stocks | 30/36 | €18,376 | €86,379 | +€68,003 | +370% |
| Amounts receivable within one year | 40/41 | €3,449 | €14,339 | +€10,890 | +316% |
| Trade receivables | 40 | €3,449 | €14,339 | +€10,890 | +316% |
| Cash at bank and in hand | 54/58 | €51,199 | €33,951 | -€17,248 | -33.7% |
| Deferred charges and accrued income | 490/1 | €1,821 | €2,935 | +€1,114 | +61.2% |
| Total equity and liabilities | 10/49 | €420,057 | €471,158 | +€51,101 | +12.2% |
| Equity | 10/15 | €271,179 | €281,631 | +€10,452 | +3.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €263,679 | €273,999 | +€10,320 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €261,819 | €272,139 | +€10,320 | +3.9% |
| Profit (loss) carried forward | 14 | - | €132 | +€132 | |
| Amounts payable | 17/49 | €148,878 | €189,527 | +€40,649 | +27.3% |
| Amounts payable after more than one year | 17 | €121,075 | €110,685 | -€10,390 | -8.6% |
| Financial debts | 170/4 | €121,075 | €110,685 | -€10,390 | -8.6% |
| Amounts payable within one year | 42/48 | €27,087 | €78,842 | +€51,755 | +191% |
| Current portion of amounts payable after more than one year | 42 | €10,205 | €11,247 | +€1,043 | +10.2% |
| Trade debts | 44 | €5,163 | €3,158 | -€2,005 | -38.8% |
| Suppliers | 440/4 | €5,163 | €3,158 | -€2,005 | -38.8% |
| Taxes, remuneration and social security | 45 | €9,206 | €17,285 | +€8,079 | +87.8% |
| Taxes | 450/3 | €9,206 | €17,285 | +€8,079 | +87.8% |
| Other amounts payable | 47/48 | €2,513 | €47,151 | +€44,639 | +1,776% |
| Accrued charges and deferred income | 492/3 | €715 | - | -€715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,702 | €5,658 | -€43 | -0.8% |
| Other operating charges | 640/8 | €3,309 | €3,179 | -€131 | -4.0% |
| Gross operating margin | 9900 | €84,564 | €72,338 | -€12,226 | -14.5% |
| Operating profit (loss) | 9901 | €75,553 | €63,501 | -€12,052 | -16.0% |
| Financial income | 75/76B | €4,077 | €4,425 | +€348 | +8.5% |
| Recurring financial income | 75 | €4,077 | €4,425 | +€348 | +8.5% |
| Financial charges | 65/66B | €2,970 | €2,580 | -€390 | -13.1% |
| Recurring financial charges | 65 | €2,970 | €2,580 | -€390 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €76,660 | €65,346 | -€11,314 | -14.8% |
| Income taxes | 67/77 | €25,447 | €21,214 | -€4,233 | -16.6% |
| Profit (loss) for the period | 9904 | €51,213 | €44,132 | -€7,081 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,213 | €44,132 | -€7,081 | -13.8% |
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 18 October 2026 via checked.be.