VERVISCH LEO: 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 LEO
Largest movements
- Tangible fixed assets -€162,204
down €162,204 (-10.2%), from €1.6m to €1.4m
- Cash +€144,417
up €144,417 (+311.3%), from €46,389 to €190,806
mainly Debts after one year (+€1.2m) and Depreciation (+€228,836)
- Receivables within one year -€110,195
down €110,195 (-22.6%), from €487,213 to €377,018
of which Trade receivables: -€100,920
- Stocks and contracts -€55,931
down €55,931 (-6.9%), from €815,207 to €759,276
- Other debts -€1.2m
down €1.2m (-96.1%), from €1.3m to €49,429
- Debts after one year +€1.2m
up €1.2m (+178.7%), from €654,359 to €1.8m
- Profit (loss) carried forward -€103,653
down €103,653 (-73.9%), from €140,172 to €36,519
- Accrued charges and deferred income -€53,629
down €53,629 (-77.9%), from €68,880 to €15,251
- Gross operating margin +€107,699
up €107,699 (+46.8%), from €230,314 to €338,013
- Financial charges -€54,599
down €54,599 (-72.8%), from €74,989 to €20,390
- Staff costs -€11,664
down €11,664 (-6.3%), from €184,033 to €172,369
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.
Cash bridge derived
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 | €2,970,522 | €2,801,607 | -€168,915 | -5.7% |
| Fixed assets | 21/28 | €1,605,582 | €1,462,106 | -€143,476 | -8.9% |
| Intangible fixed assets | 21 | €21,395 | €40,123 | +€18,728 | +87.5% |
| Tangible fixed assets | 22/27 | €1,584,052 | €1,421,848 | -€162,204 | -10.2% |
| Land and buildings | 22 | €954,158 | €883,391 | -€70,767 | -7.4% |
| Plant, machinery and equipment | 23 | €496,852 | €439,171 | -€57,681 | -11.6% |
| Furniture and vehicles | 24 | €125,989 | €99,286 | -€26,702 | -21.2% |
| Leasing and similar rights | 25 | €7,053 | €0 | -€7,053 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,364,940 | €1,339,501 | -€25,439 | -1.9% |
| Stocks and contracts in progress | 3 | €815,207 | €759,276 | -€55,931 | -6.9% |
| Stocks | 30/36 | €815,207 | €759,276 | -€55,931 | -6.9% |
| Amounts receivable within one year | 40/41 | €487,213 | €377,018 | -€110,195 | -22.6% |
| Trade receivables | 40 | €476,820 | €375,901 | -€100,920 | -21.2% |
| Other amounts receivable | 41 | €10,393 | €1,117 | -€9,276 | -89.2% |
| Cash at bank and in hand | 54/58 | €46,389 | €190,806 | +€144,417 | +311.3% |
| Deferred charges and accrued income | 490/1 | €16,130 | €12,402 | -€3,729 | -23.1% |
| Total equity and liabilities | 10/49 | €2,970,522 | €2,801,607 | -€168,915 | -5.7% |
| Equity | 10/15 | €724,734 | €621,082 | -€103,653 | -14.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €459,562 | €459,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,146 | €41,146 | = | 0.0% |
| Distributable reserves | 133 | €405,917 | €405,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,172 | €36,519 | -€103,653 | -73.9% |
| Amounts payable | 17/49 | €2,245,788 | €2,180,526 | -€65,262 | -2.9% |
| Amounts payable after more than one year | 17 | €654,359 | €1,823,553 | +€1.2m | +178.7% |
| Financial debts | 170/4 | €654,359 | €1,823,553 | +€1.2m | +178.7% |
| Amounts payable within one year | 42/48 | €1,522,549 | €341,722 | -€1.2m | -77.6% |
| Current portion of amounts payable after more than one year | 42 | €88,100 | €85,010 | -€3,090 | -3.5% |
| Trade debts | 44 | €151,079 | €172,198 | +€21,119 | +14.0% |
| Suppliers | 440/4 | €151,079 | €172,198 | +€21,119 | +14.0% |
| Taxes, remuneration and social security | 45 | €19,107 | €35,085 | +€15,978 | +83.6% |
| Taxes | 450/3 | €6,782 | €18,552 | +€11,770 | +173.5% |
| Remuneration and social security | 454/9 | €12,325 | €16,532 | +€4,208 | +34.1% |
| Other amounts payable | 47/48 | €1,264,264 | €49,429 | -€1.2m | -96.1% |
| Accrued charges and deferred income | 492/3 | €68,880 | €15,251 | -€53,629 | -77.9% |
| Remuneration, social security and pensions | 62 | €184,033 | €172,369 | -€11,664 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,233 | €228,836 | +€2,603 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €26,253 | €23,765 | -€2,488 | -9.5% |
| Gross operating margin | 9900 | €230,314 | €338,013 | +€107,699 | +46.8% |
| Operating profit (loss) | 9901 | -€206,205 | -€86,957 | +€119,247 | +57.8% |
| Financial income | 75/76B | €4,852 | €3,695 | -€1,157 | -23.8% |
| Recurring financial income | 75 | €4,852 | €3,695 | -€1,157 | -23.8% |
| Financial charges | 65/66B | €74,989 | €20,390 | -€54,599 | -72.8% |
| Recurring financial charges | 65 | €74,989 | €20,390 | -€54,599 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | -€276,342 | -€103,653 | +€172,690 | +62.5% |
| Profit (loss) for the period | 9904 | -€276,342 | -€103,653 | +€172,690 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€276,342 | -€103,653 | +€172,690 | +62.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.