VERVAET SERVICES: 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.
VERVAET SERVICES
Largest movements
- Cash -€109,298
down €109,298 (-89.4%), from €122,317 to €13,019
mainly Investment in fixed assets (net) (-€116,506) and Receivables within one year (-€51,313)
- Tangible fixed assets +€89,446
up €89,446 (+20.4%), from €437,931 to €527,378
of which Land and buildings: +€101,239
- Receivables within one year +€51,313
up €51,313 (+113%), from €45,409 to €96,722
of which Trade receivables: +€54,519
- Trade debts +€17,175
up €17,175 (+25.5%), from €67,473 to €84,648
- Profit (loss) carried forward +€11,650
up €11,650, from -€1,191 to €10,459
- Provisions +€9,235
up €9,235 (+14.9%), from €62,040 to €71,275
- Gross operating margin +€6,829
up €6,829 (+17.5%), from €39,029 to €45,858
- Depreciation +€6,739
up €6,739 (+33.2%), from €20,320 to €27,060
- Financial income -€2,223
down €2,223 (-34.9%), from €6,369 to €4,146
of which Financial income: -€1,397
- Other operating charges -€721
down €721 (-10.8%), from €6,665 to €5,944
- Write-downs +€541
new in 2025: €541
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 | €757,504 | €788,329 | +€30,826 | +4.1% |
| Fixed assets | 21/28 | €437,931 | €527,378 | +€89,446 | +20.4% |
| Tangible fixed assets | 22/27 | €437,931 | €527,378 | +€89,446 | +20.4% |
| Land and buildings | 22 | €403,519 | €504,758 | +€101,239 | +25.1% |
| Plant, machinery and equipment | 23 | €7,437 | €4,792 | -€2,645 | -35.6% |
| Furniture and vehicles | 24 | €26,975 | €17,827 | -€9,148 | -33.9% |
| Current assets | 29/58 | €319,572 | €260,952 | -€58,621 | -18.3% |
| Amounts receivable within one year | 40/41 | €45,409 | €96,722 | +€51,313 | +113% |
| Trade receivables | 40 | €19,244 | €73,764 | +€54,519 | +283% |
| Other amounts receivable | 41 | €26,164 | €22,958 | -€3,206 | -12.3% |
| Current investments | 50/53 | €150,000 | €149,775 | -€225 | -0.1% |
| Cash at bank and in hand | 54/58 | €122,317 | €13,019 | -€109,298 | -89.4% |
| Deferred charges and accrued income | 490/1 | €1,847 | €1,436 | -€411 | -22.3% |
| Total equity and liabilities | 10/49 | €757,504 | €788,329 | +€30,826 | +4.1% |
| Equity | 10/15 | €625,666 | €632,206 | +€6,540 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €564,858 | €559,747 | -€5,110 | -0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €232,042 | €259,747 | +€27,705 | +11.9% |
| Distributable reserves | 133 | €332,816 | €300,000 | -€32,816 | -9.9% |
| Profit (loss) carried forward | 14 | -€1,191 | €10,459 | +€11,650 | |
| Provisions and deferred taxes | 16 | €62,040 | €71,275 | +€9,235 | +14.9% |
| Deferred taxes | 168 | €62,040 | €71,275 | +€9,235 | +14.9% |
| Amounts payable | 17/49 | €69,798 | €84,849 | +€15,051 | +21.6% |
| Amounts payable within one year | 42/48 | €68,548 | €84,849 | +€16,301 | +23.8% |
| Trade debts | 44 | €67,473 | €84,648 | +€17,175 | +25.5% |
| Suppliers | 440/4 | €67,473 | €84,648 | +€17,175 | +25.5% |
| Taxes, remuneration and social security | 45 | €1,075 | €200 | -€874 | -81.4% |
| Taxes | 450/3 | €1,075 | €200 | -€874 | -81.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100% |
| Non-recurring operating income | 76A | €25,533 | €52,275 | +€26,742 | +105% |
| Remuneration, social security and pensions | 62 | -€99 | €0 | +€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,320 | €27,060 | +€6,739 | +33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €541 | +€541 | |
| Other operating charges | 640/8 | €6,665 | €5,944 | -€721 | -10.8% |
| Gross operating margin | 9900 | €39,029 | €45,858 | +€6,829 | +17.5% |
| Operating profit (loss) | 9901 | €12,142 | €12,313 | +€171 | +1.4% |
| Financial income | 75/76B | €6,369 | €4,146 | -€2,223 | -34.9% |
| Recurring financial income | 75 | €5,542 | €4,146 | -€1,397 | -25.2% |
| Non-recurring financial income | 76B | €826 | €0 | -€826 | -100% |
| Financial charges | 65/66B | €389 | €684 | +€295 | +75.8% |
| Recurring financial charges | 65 | €389 | €684 | +€295 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €18,122 | €15,775 | -€2,347 | -13.0% |
| Transfer from deferred taxes | 780 | €1,408 | €3,265 | +€1,857 | +132% |
| Transfer to deferred taxes | 680 | €6,133 | €12,500 | +€6,367 | +104% |
| Income taxes | 67/77 | €411 | €0 | -€411 | -100% |
| Profit (loss) for the period | 9904 | €12,985 | €6,540 | -€6,446 | -49.6% |
| Transfer from tax-exempt reserves | 789 | €4,223 | €9,795 | +€5,572 | +132% |
| Transfer to tax-exempt reserves | 689 | €18,400 | €37,500 | +€19,100 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,191 | -€21,166 | -€19,974 | -1,677% |
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 13 October 2026 via checked.be.