Verschueren Trading: 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 Trading
Largest movements
- Cash +€53,940
up €53,940 (+65.0%), from €83,027 to €136,967
mainly Net result for the year (+€37,629) and Depreciation (+€13,427)
- Tangible fixed assets -€13,427
down €13,427 (-39.9%), from €33,631 to €20,204
of which Furniture and vehicles: -€13,427
- Receivables within one year -€12,166
down €12,166 (-14.9%), from €81,418 to €69,252
of which Trade receivables: -€6,314
- Stocks and contracts +€9,247
up €9,247 (+55.8%), from €16,573 to €25,820
- Reserves +€37,629
up €37,629 (+21.9%), from €171,782 to €209,411
- Gross operating margin -€7,830
down €7,830 (-10.6%), from €73,812 to €65,982
- Taxes -€1,575
down €1,575 (-9.9%), from €15,908 to €14,333
- Financial charges -€785
down €785 (-47.5%), from €1,655 to €869
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 | €214,990 | €252,640 | +€37,650 | +17.5% |
| Fixed assets | 21/28 | €33,631 | €20,204 | -€13,427 | -39.9% |
| Tangible fixed assets | 22/27 | €33,631 | €20,204 | -€13,427 | -39.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €33,631 | €20,204 | -€13,427 | -39.9% |
| Current assets | 29/58 | €181,359 | €232,436 | +€51,078 | +28.2% |
| Stocks and contracts in progress | 3 | €16,573 | €25,820 | +€9,247 | +55.8% |
| Stocks | 30/36 | €16,573 | €25,820 | +€9,247 | +55.8% |
| Amounts receivable within one year | 40/41 | €81,418 | €69,252 | -€12,166 | -14.9% |
| Trade receivables | 40 | €75,461 | €69,147 | -€6,314 | -8.4% |
| Other amounts receivable | 41 | €5,957 | €105 | -€5,852 | -98.2% |
| Cash at bank and in hand | 54/58 | €83,027 | €136,967 | +€53,940 | +65.0% |
| Deferred charges and accrued income | 490/1 | €341 | €397 | +€57 | +16.6% |
| Total equity and liabilities | 10/49 | €214,990 | €252,640 | +€37,650 | +17.5% |
| Equity | 10/15 | €199,052 | €236,681 | +€37,629 | +18.9% |
| Contributions | 10/11 | €27,270 | €27,270 | = | 0.0% |
| Reserves | 13 | €171,782 | €209,411 | +€37,629 | +21.9% |
| Distributable reserves | 133 | €171,782 | €209,411 | +€37,629 | +21.9% |
| Amounts payable | 17/49 | €15,938 | €15,959 | +€21 | +0.1% |
| Amounts payable within one year | 42/48 | €15,938 | €15,959 | +€21 | +0.1% |
| Trade debts | 44 | €15 | €1,011 | +€996 | +6,647% |
| Suppliers | 440/4 | €15 | €1,011 | +€996 | +6,647% |
| Taxes, remuneration and social security | 45 | €7,626 | €7,785 | +€159 | +2.1% |
| Taxes | 450/3 | €7,626 | €7,687 | +€61 | +0.8% |
| Remuneration and social security | 454/9 | - | €98 | +€98 | |
| Other amounts payable | 47/48 | €8,296 | €7,162 | -€1,134 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,504 | €13,427 | -€76 | -0.6% |
| Other operating charges | 640/8 | €605 | €427 | -€178 | -29.5% |
| Gross operating margin | 9900 | €73,812 | €65,982 | -€7,830 | -10.6% |
| Operating profit (loss) | 9901 | €59,703 | €52,128 | -€7,575 | -12.7% |
| Financial income | 75/76B | - | €704 | +€704 | |
| Recurring financial income | 75 | - | €704 | +€704 | |
| Financial charges | 65/66B | €1,655 | €869 | -€785 | -47.5% |
| Recurring financial charges | 65 | €1,655 | €869 | -€785 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €58,049 | €51,963 | -€6,086 | -10.5% |
| Income taxes | 67/77 | €15,908 | €14,333 | -€1,575 | -9.9% |
| Profit (loss) for the period | 9904 | €42,140 | €37,629 | -€4,511 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,140 | €37,629 | -€4,511 | -10.7% |
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 21 October 2026 via checked.be.