Vervaeke Dental: 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.
Vervaeke Dental
Largest movements
- Receivables within one year +€422,974
up €422,974 (+58.9%), from €718,269 to €1.1m
of which Other amounts receivable: +€431,290
- Tangible fixed assets +€85,829
up €85,829 (+105%), from €82,099 to €167,928
of which Leasing and similar rights: +€48,224
- Stocks and contracts -€26,756
down €26,756 (-29.9%), from €89,402 to €62,646
of which Contracts in progress: -€13,865
- Cash -€19,969
down €19,969 (-54.7%), from €36,480 to €16,511
mainly Receivables within one year (-€422,974) and Investment in fixed assets (net) (-€113,100)
- Profit (loss) carried forward +€375,022
up €375,022 (+64.5%), from €581,826 to €956,848
- Debts after one year +€38,970
new in 2025: €38,970
- Trade debts +€26,019
up €26,019 (+14.5%), from €179,238 to €205,257
- Taxes -€101,297
down €101,297 (-63.9%), from €158,524 to €57,227
- Staff costs +€45,439
up €45,439 (+27.1%), from €167,663 to €213,102
- Gross operating margin +€44,933
up €44,933 (+7.2%), from €624,843 to €669,776
- Depreciation -€7,130
down €7,130 (-20.7%), from €34,401 to €27,272
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 | €933,819 | €1,393,209 | +€459,390 | +49.2% |
| Fixed assets | 21/28 | €82,099 | €167,928 | +€85,829 | +105% |
| Tangible fixed assets | 22/27 | €82,099 | €167,928 | +€85,829 | +105% |
| Plant, machinery and equipment | 23 | €61,925 | €96,375 | +€34,449 | +55.6% |
| Furniture and vehicles | 24 | €1,095 | €1,922 | +€826 | +75.4% |
| Leasing and similar rights | 25 | - | €48,224 | +€48,224 | |
| Other tangible fixed assets | 26 | €19,078 | €21,407 | +€2,329 | +12.2% |
| Current assets | 29/58 | €851,720 | €1,225,281 | +€373,562 | +43.9% |
| Stocks and contracts in progress | 3 | €89,402 | €62,646 | -€26,756 | -29.9% |
| Stocks | 30/36 | €71,824 | €58,933 | -€12,891 | -17.9% |
| Contracts in progress | 37 | €17,578 | €3,713 | -€13,865 | -78.9% |
| Amounts receivable within one year | 40/41 | €718,269 | €1,141,243 | +€422,974 | +58.9% |
| Trade receivables | 40 | €24,225 | €15,909 | -€8,316 | -34.3% |
| Other amounts receivable | 41 | €694,044 | €1,125,334 | +€431,290 | +62.1% |
| Cash at bank and in hand | 54/58 | €36,480 | €16,511 | -€19,969 | -54.7% |
| Deferred charges and accrued income | 490/1 | €7,569 | €4,882 | -€2,687 | -35.5% |
| Total equity and liabilities | 10/49 | €933,819 | €1,393,209 | +€459,390 | +49.2% |
| Equity | 10/15 | €683,777 | €1,058,798 | +€375,022 | +54.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,351 | €83,351 | = | 0.0% |
| 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 | €81,491 | €81,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €581,826 | €956,848 | +€375,022 | +64.5% |
| Amounts payable | 17/49 | €250,042 | €334,411 | +€84,368 | +33.7% |
| Amounts payable after more than one year | 17 | - | €38,970 | +€38,970 | |
| Financial debts | 170/4 | - | €38,970 | +€38,970 | |
| Amounts payable within one year | 42/48 | €240,503 | €276,054 | +€35,551 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €1,623 | €8,828 | +€7,205 | +444% |
| Trade debts | 44 | €179,238 | €205,257 | +€26,019 | +14.5% |
| Suppliers | 440/4 | €179,238 | €205,257 | +€26,019 | +14.5% |
| Advances received on contracts in progress | 46 | €13,382 | €10,631 | -€2,750 | -20.6% |
| Taxes, remuneration and social security | 45 | €46,261 | €51,338 | +€5,077 | +11.0% |
| Taxes | 450/3 | €28,410 | €29,265 | +€855 | +3.0% |
| Remuneration and social security | 454/9 | €17,850 | €22,073 | +€4,223 | +23.7% |
| Accrued charges and deferred income | 492/3 | €9,539 | €19,387 | +€9,848 | +103% |
| Remuneration, social security and pensions | 62 | €167,663 | €213,102 | +€45,439 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,401 | €27,272 | -€7,130 | -20.7% |
| Other operating charges | 640/8 | €2,658 | €1,970 | -€687 | -25.9% |
| Gross operating margin | 9900 | €624,843 | €669,776 | +€44,933 | +7.2% |
| Operating profit (loss) | 9901 | €420,121 | €427,432 | +€7,311 | +1.7% |
| Financial income | 75/76B | €5,613 | €8,839 | +€3,226 | +57.5% |
| Recurring financial income | 75 | €5,613 | €8,839 | +€3,226 | +57.5% |
| Financial charges | 65/66B | €2,866 | €4,022 | +€1,157 | +40.4% |
| Recurring financial charges | 65 | €2,866 | €4,022 | +€1,157 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €422,869 | €432,249 | +€9,380 | +2.2% |
| Income taxes | 67/77 | €158,524 | €57,227 | -€101,297 | -63.9% |
| Profit (loss) for the period | 9904 | €264,345 | €375,022 | +€110,677 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €264,345 | €375,022 | +€110,677 | +41.9% |
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 1 November 2026 via checked.be.