VERVAECK C & R: 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.
VERVAECK C & R
Largest movements
- Tangible fixed assets -€37,090
down €37,090 (-4.8%), from €769,900 to €732,810
- Reserves -€17,113
down €17,113 (-7.1%), from €240,019 to €222,906
of which Tax-exempt reserves: -€17,113
- Other debts -€13,797
down €13,797 (-2.9%), from €469,593 to €455,797
- Depreciation -€939
down €939 (-2.5%), from €38,029 to €37,090
- Gross operating margin +€850
up €850 (+3.3%), from €26,023 to €26,873
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 | €774,949 | €745,075 | -€29,875 | -3.9% |
| Fixed assets | 21/28 | €769,934 | €732,844 | -€37,090 | -4.8% |
| Tangible fixed assets | 22/27 | €769,900 | €732,810 | -€37,090 | -4.8% |
| Land and buildings | 22 | €769,900 | €732,810 | -€37,090 | -4.8% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €5,015 | €12,230 | +€7,215 | +144% |
| Cash at bank and in hand | 54/58 | €5,015 | €12,230 | +€7,215 | +144% |
| Total equity and liabilities | 10/49 | €774,949 | €745,075 | -€29,875 | -3.9% |
| Equity | 10/15 | €196,514 | €184,486 | -€12,028 | -6.1% |
| Contributions | 10/11 | €198,350 | €198,350 | = | 0.0% |
| Capital | 10 | €198,350 | €198,350 | = | 0.0% |
| Issued capital | 100 | €198,350 | €198,350 | = | 0.0% |
| Reserves | 13 | €240,019 | €222,906 | -€17,113 | -7.1% |
| Non-distributable reserves | 130/1 | €19,835 | €19,835 | = | 0.0% |
| Legal reserve | 130 | €19,835 | €19,835 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,684 | €200,571 | -€17,113 | -7.9% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€241,854 | -€236,770 | +€5,085 | +2.1% |
| Provisions and deferred taxes | 16 | €108,842 | €104,456 | -€4,386 | -4.0% |
| Deferred taxes | 168 | €108,842 | €104,456 | -€4,386 | -4.0% |
| Amounts payable | 17/49 | €469,593 | €456,133 | -€13,461 | -2.9% |
| Amounts payable within one year | 42/48 | €469,593 | €456,133 | -€13,461 | -2.9% |
| Trade debts | 44 | - | €336 | +€336 | |
| Suppliers | 440/4 | - | €336 | +€336 | |
| Other amounts payable | 47/48 | €469,593 | €455,797 | -€13,797 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,029 | €37,090 | -€939 | -2.5% |
| Other operating charges | 640/8 | €5,563 | €5,788 | +€225 | +4.0% |
| Gross operating margin | 9900 | €26,023 | €26,873 | +€850 | +3.3% |
| Operating profit (loss) | 9901 | -€17,570 | -€16,005 | +€1,565 | +8.9% |
| Financial charges | 65/66B | €472 | €410 | -€63 | -13.2% |
| Recurring financial charges | 65 | €472 | €410 | -€63 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,042 | -€16,414 | +€1,627 | +9.0% |
| Transfer from deferred taxes | 780 | €5,836 | €4,386 | -€1,450 | -24.8% |
| Profit (loss) for the period | 9904 | -€12,206 | -€12,028 | +€178 | +1.5% |
| Transfer from tax-exempt reserves | 789 | €17,507 | €17,113 | -€393 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,300 | €5,085 | -€216 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.