Verschueren Vastgoed: 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 Vastgoed
Largest movements
- Cash -€56,701
down €56,701 (-86.2%), from €65,775 to €9,074
mainly Debts after one year (-€108,679) and Tax, wage and social debts (-€18,089)
- Debts after one year -€108,679
down €108,679 (-53.8%), from €202,163 to €93,484
- Reserves +€38,854
up €38,854 (+6.3%), from €616,776 to €655,630
- Gross operating margin -€78,890
down €78,890 (-44.4%), from €177,579 to €98,689
- Taxes -€19,211
down €19,211 (-59.1%), from €32,496 to €13,285
- Financial charges -€4,258
down €4,258 (-31.7%), from €13,413 to €9,155
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 | €2,920,302 | €2,833,097 | -€87,205 | -3.0% |
| Fixed assets | 21/28 | €2,847,727 | €2,823,864 | -€23,864 | -0.8% |
| Tangible fixed assets | 22/27 | €2,847,727 | €2,823,864 | -€23,864 | -0.8% |
| Land and buildings | 22 | €2,847,727 | €2,823,864 | -€23,864 | -0.8% |
| Current assets | 29/58 | €72,575 | €9,234 | -€63,341 | -87.3% |
| Amounts receivable within one year | 40/41 | €6,800 | €160 | -€6,640 | -97.6% |
| Trade receivables | 40 | €6,800 | €160 | -€6,640 | -97.6% |
| Cash at bank and in hand | 54/58 | €65,775 | €9,074 | -€56,701 | -86.2% |
| Total equity and liabilities | 10/49 | €2,920,302 | €2,833,097 | -€87,205 | -3.0% |
| Equity | 10/15 | €2,566,776 | €2,605,630 | +€38,854 | +1.5% |
| Contributions | 10/11 | €1,950,000 | €1,950,000 | = | 0.0% |
| Reserves | 13 | €616,776 | €655,630 | +€38,854 | +6.3% |
| Distributable reserves | 133 | €616,776 | €655,630 | +€38,854 | +6.3% |
| Amounts payable | 17/49 | €353,526 | €227,467 | -€126,059 | -35.7% |
| Amounts payable after more than one year | 17 | €202,163 | €93,484 | -€108,679 | -53.8% |
| Financial debts | 170/4 | €202,163 | €93,484 | -€108,679 | -53.8% |
| Amounts payable within one year | 42/48 | €149,214 | €133,983 | -€15,230 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €104,981 | €108,679 | +€3,698 | +3.5% |
| Financial debts | 43 | €2,396 | €2,361 | -€34 | -1.4% |
| Credit institutions | 430/8 | €2,396 | €2,361 | -€34 | -1.4% |
| Trade debts | 44 | €968 | €0 | -€968 | -100% |
| Suppliers | 440/4 | €968 | €0 | -€968 | -100% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €40,870 | €22,781 | -€18,089 | -44.3% |
| Taxes | 450/3 | €40,870 | €22,781 | -€18,089 | -44.3% |
| Other amounts payable | 47/48 | - | €162 | +€162 | |
| Accrued charges and deferred income | 492/3 | €2,150 | €0 | -€2,150 | -100% |
| Non-recurring operating income | 76A | €122,314 | €0 | -€122,314 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,864 | €23,864 | = | 0.0% |
| Other operating charges | 640/8 | €14,666 | €13,531 | -€1,135 | -7.7% |
| Gross operating margin | 9900 | €177,579 | €98,689 | -€78,890 | -44.4% |
| Operating profit (loss) | 9901 | €139,049 | €61,294 | -€77,755 | -55.9% |
| Financial charges | 65/66B | €13,413 | €9,155 | -€4,258 | -31.7% |
| Recurring financial charges | 65 | €13,413 | €9,155 | -€4,258 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €125,636 | €52,139 | -€73,497 | -58.5% |
| Income taxes | 67/77 | €32,496 | €13,285 | -€19,211 | -59.1% |
| Profit (loss) for the period | 9904 | €93,140 | €38,854 | -€54,286 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,140 | €38,854 | -€54,286 | -58.3% |
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 1 November 2026 via checked.be.