VERVAELE: 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.
VERVAELE
Largest movements
- Stocks and contracts +€11,248
up €11,248 (+7.7%), from €146,250 to €157,498
- Receivables within one year -€9,941
down €9,941 (-4.3%), from €232,837 to €222,897
of which Trade receivables: -€18,503
- Other debts +€21,763
up €21,763 (+6.2%), from €352,913 to €374,676
- Profit (loss) carried forward -€16,400
down €16,400 (-32.0%), from -€51,238 to -€67,637
- Staff costs +€57,913
up €57,913 (+294.8%), from €19,643 to €77,556
- Gross operating margin -€34,810
down €34,810 (-26.9%), from €129,464 to €94,654
- Depreciation -€15,340
down €15,340 (-82.6%), from €18,563 to €3,223
- Other operating charges +€14,231
up €14,231 (+152.0%), from €9,360 to €23,591
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.
Cash bridge derived
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 | €518,547 | €517,958 | -€589 | -0.1% |
| Fixed assets | 21/28 | €8,369 | €5,147 | -€3,223 | -38.5% |
| Tangible fixed assets | 22/27 | €4,799 | €1,577 | -€3,223 | -67.1% |
| Plant, machinery and equipment | 23 | €2,614 | €606 | -€2,008 | -76.8% |
| Furniture and vehicles | 24 | €2,186 | €971 | -€1,215 | -55.6% |
| Financial fixed assets | 28 | €3,570 | €3,570 | = | 0.0% |
| Current assets | 29/58 | €510,178 | €512,811 | +€2,634 | +0.5% |
| Stocks and contracts in progress | 3 | €146,250 | €157,498 | +€11,248 | +7.7% |
| Stocks | 30/36 | €146,250 | €157,498 | +€11,248 | +7.7% |
| Amounts receivable within one year | 40/41 | €232,837 | €222,897 | -€9,941 | -4.3% |
| Trade receivables | 40 | €226,193 | €207,691 | -€18,503 | -8.2% |
| Other amounts receivable | 41 | €6,644 | €15,206 | +€8,562 | +128.9% |
| Cash at bank and in hand | 54/58 | €131,090 | €132,417 | +€1,326 | +1.0% |
| Total equity and liabilities | 10/49 | €518,547 | €517,958 | -€589 | -0.1% |
| Equity | 10/15 | €16,412 | €13 | -€16,400 | -99.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,238 | -€67,637 | -€16,400 | -32.0% |
| Amounts payable | 17/49 | €502,135 | €517,946 | +€15,811 | +3.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €500,504 | €517,862 | +€17,358 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €3,334 | €0 | -€3,334 | -100.0% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €43,534 | €42,989 | -€546 | -1.3% |
| Suppliers | 440/4 | €43,534 | €42,989 | -€546 | -1.3% |
| Taxes, remuneration and social security | 45 | €25,724 | €25,198 | -€526 | -2.0% |
| Taxes | 450/3 | €11,391 | €10,135 | -€1,256 | -11.0% |
| Remuneration and social security | 454/9 | €14,332 | €15,063 | +€730 | +5.1% |
| Other amounts payable | 47/48 | €352,913 | €374,676 | +€21,763 | +6.2% |
| Accrued charges and deferred income | 492/3 | €1,631 | €83 | -€1,547 | -94.9% |
| Non-recurring operating income | 76A | €108,606 | €0 | -€108,606 | -100.0% |
| Remuneration, social security and pensions | 62 | €19,643 | €77,556 | +€57,913 | +294.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,563 | €3,223 | -€15,340 | -82.6% |
| Other operating charges | 640/8 | €9,360 | €23,591 | +€14,231 | +152.0% |
| Gross operating margin | 9900 | €129,464 | €94,654 | -€34,810 | -26.9% |
| Operating profit (loss) | 9901 | €81,898 | -€9,716 | -€91,614 | |
| Financial income | 75/76B | €0 | €12 | +€12 | +3171.1% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +3171.1% |
| Financial charges | 65/66B | €7,077 | €6,068 | -€1,009 | -14.3% |
| Recurring financial charges | 65 | €7,077 | €6,068 | -€1,009 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €74,821 | -€15,771 | -€90,592 | |
| Income taxes | 67/77 | €886 | €629 | -€257 | -29.1% |
| Profit (loss) for the period | 9904 | €73,935 | -€16,400 | -€90,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,935 | -€16,400 | -€90,335 |
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 12 October 2026 via checked.be.