Vervisch Frank: 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.
Vervisch Frank
Largest movements
- Tangible fixed assets +€29,252
up €29,252 (+1,782%), from €1,642 to €30,894
of which Furniture and vehicles: +€30,007
- Cash -€25,753
down €25,753 (-12.4%), from €207,785 to €182,032
mainly Contributions, distributions and other (-€104,570) and Investment in fixed assets (net) (-€31,510)
- Stocks and contracts +€12,429
up €12,429 (+27.3%), from €45,465 to €57,894
- Receivables within one year +€4,475
up €4,475 (+50.7%), from €8,826 to €13,301
of which Other amounts receivable: +€4,725
- Other debts +€96,179
up €96,179 (+186%), from €51,740 to €147,918
- Reserves -€75,846
down €75,846 (-38.8%), from €195,500 to €119,654
- Gross operating margin -€22,106
down €22,106 (-31.8%), from €69,420 to €47,314
- Taxes -€7,726
down €7,726 (-38.4%), from €20,096 to €12,370
- Financial charges -€1,494
down €1,494 (-33.0%), from €4,525 to €3,031
- Depreciation +€1,480
up €1,480 (+190%), from €778 to €2,257
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 | €263,717 | €284,120 | +€20,403 | +7.7% |
| Fixed assets | 21/28 | €1,642 | €30,894 | +€29,252 | +1,782% |
| Tangible fixed assets | 22/27 | €1,642 | €30,894 | +€29,252 | +1,782% |
| Land and buildings | 22 | €1,110 | €555 | -€555 | -50.0% |
| Plant, machinery and equipment | 23 | €532 | €332 | -€200 | -37.6% |
| Furniture and vehicles | 24 | €0 | €30,007 | +€30,007 | |
| Current assets | 29/58 | €262,076 | €253,226 | -€8,850 | -3.4% |
| Stocks and contracts in progress | 3 | €45,465 | €57,894 | +€12,429 | +27.3% |
| Stocks | 30/36 | €45,465 | €57,894 | +€12,429 | +27.3% |
| Amounts receivable within one year | 40/41 | €8,826 | €13,301 | +€4,475 | +50.7% |
| Trade receivables | 40 | €7,057 | €6,807 | -€250 | -3.5% |
| Other amounts receivable | 41 | €1,768 | €6,493 | +€4,725 | +267% |
| Cash at bank and in hand | 54/58 | €207,785 | €182,032 | -€25,753 | -12.4% |
| Total equity and liabilities | 10/49 | €263,717 | €284,120 | +€20,403 | +7.7% |
| Equity | 10/15 | €201,700 | €125,854 | -€75,846 | -37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €195,500 | €119,654 | -€75,846 | -38.8% |
| Distributable reserves | 133 | €195,500 | €119,654 | -€75,846 | -38.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,018 | €158,266 | +€96,249 | +155% |
| Amounts payable within one year | 42/48 | €58,145 | €155,686 | +€97,541 | +168% |
| Trade debts | 44 | €2,099 | €4,895 | +€2,796 | +133% |
| Suppliers | 440/4 | €2,099 | €4,895 | +€2,796 | +133% |
| Taxes, remuneration and social security | 45 | €4,306 | €2,872 | -€1,434 | -33.3% |
| Taxes | 450/3 | €4,306 | €2,872 | -€1,434 | -33.3% |
| Other amounts payable | 47/48 | €51,740 | €147,918 | +€96,179 | +186% |
| Accrued charges and deferred income | 492/3 | €3,872 | €2,580 | -€1,292 | -33.4% |
| Non-recurring operating income | 76A | €450 | €0 | -€450 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €2,257 | +€1,480 | +190% |
| Other operating charges | 640/8 | €788 | €1,064 | +€276 | +35.0% |
| Non-recurring operating charges | 66A | €260 | €0 | -€260 | -100% |
| Gross operating margin | 9900 | €69,420 | €47,314 | -€22,106 | -31.8% |
| Operating profit (loss) | 9901 | €67,594 | €43,993 | -€23,602 | -34.9% |
| Financial income | 75/76B | €90 | €132 | +€42 | +47.0% |
| Recurring financial income | 75 | €90 | €132 | +€42 | +47.0% |
| Financial charges | 65/66B | €4,525 | €3,031 | -€1,494 | -33.0% |
| Recurring financial charges | 65 | €4,525 | €3,031 | -€1,494 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €63,159 | €41,094 | -€22,065 | -34.9% |
| Income taxes | 67/77 | €20,096 | €12,370 | -€7,726 | -38.4% |
| Profit (loss) for the period | 9904 | €43,063 | €28,724 | -€14,339 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,063 | €28,724 | -€14,339 | -33.3% |
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 26 October 2026 via checked.be.