VERVAECKE DAVID: 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.
VERVAECKE DAVID
Largest movements
- Tangible fixed assets +€557,230
up €557,230 (+575%), from €96,860 to €654,089
of which Land and buildings: +€562,139
- Debts after one year +€327,727
new in 2024: €327,727
- Other debts +€147,132
up €147,132 (+205%), from €71,864 to €218,997
- Reserves +€52,092
up €52,092 (+21.2%), from €245,997 to €298,090
- Current portion of long-term debt +€26,172
new in 2024: €26,172
- Trade debts +€17,022
up €17,022 (+51.3%), from €33,172 to €50,195
- Depreciation +€23,695
up €23,695 (+79.3%), from €29,865 to €53,560
- Financial charges +€19,850
up €19,850 (+355%), from €5,598 to €25,448
- Gross operating margin +€18,648
up €18,648 (+10.3%), from €181,309 to €199,957
- Taxes -€3,504
down €3,504 (-17.9%), from €19,546 to €16,042
- Other operating charges -€2,250
down €2,250 (-25.1%), from €8,961 to €6,711
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,125 | €955,882 | +€563,757 | +144% |
| Formation expenses | 20 | €212 | €32 | -€180 | -84.9% |
| Fixed assets | 21/28 | €96,860 | €654,089 | +€557,230 | +575% |
| Tangible fixed assets | 22/27 | €96,860 | €654,089 | +€557,230 | +575% |
| Land and buildings | 22 | €37,627 | €599,766 | +€562,139 | +1,494% |
| Plant, machinery and equipment | 23 | €43,397 | €45,798 | +€2,401 | +5.5% |
| Furniture and vehicles | 24 | €15,835 | €8,525 | -€7,310 | -46.2% |
| Current assets | 29/58 | €295,053 | €301,761 | +€6,707 | +2.3% |
| Stocks and contracts in progress | 3 | €77,299 | €78,243 | +€943 | +1.2% |
| Stocks | 30/36 | €77,299 | €78,243 | +€943 | +1.2% |
| Amounts receivable within one year | 40/41 | €23,084 | €21,659 | -€1,425 | -6.2% |
| Trade receivables | 40 | €23,084 | €21,604 | -€1,480 | -6.4% |
| Other amounts receivable | 41 | - | €55 | +€55 | |
| Cash at bank and in hand | 54/58 | €193,346 | €200,491 | +€7,145 | +3.7% |
| Deferred charges and accrued income | 490/1 | €1,323 | €1,368 | +€45 | +3.4% |
| Total equity and liabilities | 10/49 | €392,125 | €955,882 | +€563,757 | +144% |
| Equity | 10/15 | €250,997 | €303,090 | +€52,092 | +20.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €245,997 | €298,090 | +€52,092 | +21.2% |
| Distributable reserves | 133 | €245,997 | €298,090 | +€52,092 | +21.2% |
| Amounts payable | 17/49 | €141,127 | €652,792 | +€511,665 | +363% |
| Amounts payable after more than one year | 17 | - | €327,727 | +€327,727 | |
| Financial debts | 170/4 | - | €327,727 | +€327,727 | |
| Amounts payable within one year | 42/48 | €136,002 | €313,402 | +€177,400 | +130% |
| Current portion of amounts payable after more than one year | 42 | - | €26,172 | +€26,172 | |
| Trade debts | 44 | €33,172 | €50,195 | +€17,022 | +51.3% |
| Suppliers | 440/4 | €33,172 | €50,195 | +€17,022 | +51.3% |
| Taxes, remuneration and social security | 45 | €30,966 | €18,039 | -€12,927 | -41.7% |
| Taxes | 450/3 | €27,148 | €12,480 | -€14,668 | -54.0% |
| Remuneration and social security | 454/9 | €3,818 | €5,559 | +€1,742 | +45.6% |
| Other amounts payable | 47/48 | €71,864 | €218,997 | +€147,132 | +205% |
| Accrued charges and deferred income | 492/3 | €5,125 | €11,664 | +€6,538 | +128% |
| Remuneration, social security and pensions | 62 | €51,995 | €49,848 | -€2,148 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,865 | €53,560 | +€23,695 | +79.3% |
| Other operating charges | 640/8 | €8,961 | €6,711 | -€2,250 | -25.1% |
| Gross operating margin | 9900 | €181,309 | €199,957 | +€18,648 | +10.3% |
| Operating profit (loss) | 9901 | €90,488 | €89,839 | -€649 | -0.7% |
| Financial income | 75/76B | €4,460 | €3,743 | -€717 | -16.1% |
| Recurring financial income | 75 | €4,460 | €3,743 | -€717 | -16.1% |
| Financial charges | 65/66B | €5,598 | €25,448 | +€19,850 | +355% |
| Recurring financial charges | 65 | €5,598 | €25,448 | +€19,850 | +355% |
| Profit (loss) for the period before taxes | 9903 | €89,350 | €68,134 | -€21,216 | -23.7% |
| Income taxes | 67/77 | €19,546 | €16,042 | -€3,504 | -17.9% |
| Profit (loss) for the period | 9904 | €69,804 | €52,092 | -€17,712 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,804 | €52,092 | -€17,712 | -25.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.