VERVECKEN: 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.
VERVECKEN
Largest movements
- Stocks and contracts -€13,000
down €13,000 (-92.9%), from €14,000 to €1,000
of which Contracts in progress: -€10,000
- Tangible fixed assets +€8,720
up €8,720 (+7.7%), from €113,746 to €122,466
of which Furniture and vehicles: +€8,252
- Receivables within one year -€2,485
down €2,485 (-48.2%), from €5,153 to €2,669
of which Other amounts receivable: -€2,040
- Deferred charges and accrued income +€2,211
up €2,211 (+2,451%), from €90 to €2,301
- Cash +€1,661
up €1,661 (+7.6%), from €21,738 to €23,399
mainly Stocks and contracts (+€13,000) and Depreciation (+€9,080)
- Trade debts -€5,051
down €5,051 (-18.2%), from €27,693 to €22,641
- Debts after one year -€2,718
down €2,718 (-3.8%), from €71,661 to €68,943
- Profit (loss) carried forward +€2,717
up €2,717 (+94.1%), from €2,887 to €5,605
- Other debts +€2,065
up €2,065 (+4.7%), from €44,141 to €46,206
- Other operating charges -€19,064
down €19,064 (-98.4%), from €19,369 to €305
- Gross operating margin -€11,955
down €11,955 (-44.0%), from €27,144 to €15,189
- Depreciation +€6,543
up €6,543 (+258%), from €2,537 to €9,080
- Financial charges +€1,644
up €1,644 (+140%), from €1,177 to €2,820
- Taxes -€398
down €398 (-55.2%), from €722 to €323
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 | €154,728 | €151,835 | -€2,893 | -1.9% |
| Fixed assets | 21/28 | €113,746 | €122,466 | +€8,720 | +7.7% |
| Tangible fixed assets | 22/27 | €113,746 | €122,466 | +€8,720 | +7.7% |
| Land and buildings | 22 | €111,613 | €106,232 | -€5,381 | -4.8% |
| Plant, machinery and equipment | 23 | €2,132 | €7,982 | +€5,850 | +274% |
| Furniture and vehicles | 24 | - | €8,252 | +€8,252 | |
| Current assets | 29/58 | €40,982 | €29,369 | -€11,613 | -28.3% |
| Stocks and contracts in progress | 3 | €14,000 | €1,000 | -€13,000 | -92.9% |
| Stocks | 30/36 | €4,000 | €1,000 | -€3,000 | -75.0% |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €5,153 | €2,669 | -€2,485 | -48.2% |
| Trade receivables | 40 | €445 | - | -€445 | |
| Other amounts receivable | 41 | €4,708 | €2,669 | -€2,040 | -43.3% |
| Cash at bank and in hand | 54/58 | €21,738 | €23,399 | +€1,661 | +7.6% |
| Deferred charges and accrued income | 490/1 | €90 | €2,301 | +€2,211 | +2,451% |
| Total equity and liabilities | 10/49 | €154,728 | €151,835 | -€2,893 | -1.9% |
| Equity | 10/15 | €7,887 | €10,605 | +€2,717 | +34.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,887 | €5,605 | +€2,717 | +94.1% |
| Amounts payable | 17/49 | €146,841 | €141,230 | -€5,611 | -3.8% |
| Amounts payable after more than one year | 17 | €71,661 | €68,943 | -€2,718 | -3.8% |
| Financial debts | 170/4 | €71,661 | €68,943 | -€2,718 | -3.8% |
| Amounts payable within one year | 42/48 | €75,180 | €72,287 | -€2,892 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €2,625 | €2,718 | +€94 | +3.6% |
| Trade debts | 44 | €27,693 | €22,641 | -€5,051 | -18.2% |
| Suppliers | 440/4 | €27,693 | €22,641 | -€5,051 | -18.2% |
| Taxes, remuneration and social security | 45 | €722 | €722 | = | 0.0% |
| Taxes | 450/3 | €722 | €722 | = | 0.0% |
| Other amounts payable | 47/48 | €44,141 | €46,206 | +€2,065 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €9,080 | +€6,543 | +258% |
| Other operating charges | 640/8 | €19,369 | €305 | -€19,064 | -98.4% |
| Gross operating margin | 9900 | €27,144 | €15,189 | -€11,955 | -44.0% |
| Operating profit (loss) | 9901 | €5,238 | €5,803 | +€565 | +10.8% |
| Financial income | 75/76B | €0 | €58 | +€58 | +52,291% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +52,291% |
| Financial charges | 65/66B | €1,177 | €2,820 | +€1,644 | +140% |
| Recurring financial charges | 65 | €1,177 | €2,820 | +€1,644 | +140% |
| Profit (loss) for the period before taxes | 9903 | €4,062 | €3,041 | -€1,021 | -25.1% |
| Income taxes | 67/77 | €722 | €323 | -€398 | -55.2% |
| Profit (loss) for the period | 9904 | €3,340 | €2,717 | -€622 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,340 | €2,717 | -€622 | -18.6% |
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 16 October 2026 via checked.be.