Vervisch Metaalconstructie: 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 Metaalconstructie
Largest movements
- Receivables within one year -€40,245
down €40,245 (-14.4%), from €279,257 to €239,012
of which Trade receivables: -€48,469
- Stocks and contracts -€37,850
down €37,850 (-13.5%), from €279,888 to €242,038
of which Contracts in progress: -€37,948
- Cash +€15,824
up €15,824 (+33.2%), from €47,688 to €63,512
mainly Depreciation (+€52,658) and Receivables within one year (+€40,245)
- Other debts -€20,187
down €20,187 (-13.3%), from €152,065 to €131,879
- Reserves -€18,835
down €18,835 (-8.5%), from €222,718 to €203,883
of which Distributable reserves: -€16,975
- Debts after one year -€17,841
down €17,841 (-5.5%), from €322,096 to €304,256
- Gross operating margin -€26,911
down €26,911 (-13.6%), from €198,295 to €171,384
- Staff costs +€13,065
up €13,065 (+12.1%), from €107,755 to €120,820
- Depreciation +€8,306
up €8,306 (+18.7%), from €44,352 to €52,658
- Taxes -€7,096
down €7,096 (-97.9%), from €7,249 to €152
- Financial charges -€6,064
down €6,064 (-28.3%), from €21,454 to €15,391
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 | €1,037,596 | €979,343 | -€58,252 | -5.6% |
| Fixed assets | 21/28 | €419,975 | €421,807 | +€1,832 | +0.4% |
| Tangible fixed assets | 22/27 | €419,975 | €421,807 | +€1,832 | +0.4% |
| Land and buildings | 22 | €371,133 | €343,580 | -€27,553 | -7.4% |
| Plant, machinery and equipment | 23 | €30,662 | €25,831 | -€4,831 | -15.8% |
| Furniture and vehicles | 24 | €18,180 | €52,395 | +€34,215 | +188% |
| Current assets | 29/58 | €617,621 | €557,537 | -€60,084 | -9.7% |
| Stocks and contracts in progress | 3 | €279,888 | €242,038 | -€37,850 | -13.5% |
| Stocks | 30/36 | €105,810 | €105,908 | +€98 | +0.1% |
| Contracts in progress | 37 | €174,077 | €136,130 | -€37,948 | -21.8% |
| Amounts receivable within one year | 40/41 | €279,257 | €239,012 | -€40,245 | -14.4% |
| Trade receivables | 40 | €276,505 | €228,036 | -€48,469 | -17.5% |
| Other amounts receivable | 41 | €2,752 | €10,976 | +€8,224 | +299% |
| Cash at bank and in hand | 54/58 | €47,688 | €63,512 | +€15,824 | +33.2% |
| Deferred charges and accrued income | 490/1 | €10,789 | €12,975 | +€2,186 | +20.3% |
| Total equity and liabilities | 10/49 | €1,037,596 | €979,343 | -€58,252 | -5.6% |
| Equity | 10/15 | €241,318 | €222,483 | -€18,835 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,718 | €203,883 | -€18,835 | -8.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €220,858 | €203,883 | -€16,975 | -7.7% |
| Amounts payable | 17/49 | €796,278 | €756,861 | -€39,417 | -5.0% |
| Amounts payable after more than one year | 17 | €322,096 | €304,256 | -€17,841 | -5.5% |
| Financial debts | 170/4 | €322,096 | €304,256 | -€17,841 | -5.5% |
| Amounts payable within one year | 42/48 | €474,181 | €452,605 | -€21,577 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €47,371 | €42,161 | -€5,209 | -11.0% |
| Financial debts | 43 | €102,692 | €102,500 | -€192 | -0.2% |
| Credit institutions | 430/8 | €102,692 | €102,500 | -€192 | -0.2% |
| Trade debts | 44 | €158,289 | €159,802 | +€1,513 | +1.0% |
| Suppliers | 440/4 | €158,289 | €159,802 | +€1,513 | +1.0% |
| Taxes, remuneration and social security | 45 | €13,765 | €16,263 | +€2,498 | +18.2% |
| Taxes | 450/3 | €10,179 | €9,889 | -€290 | -2.8% |
| Remuneration and social security | 454/9 | €3,586 | €6,374 | +€2,788 | +77.8% |
| Other amounts payable | 47/48 | €152,065 | €131,879 | -€20,187 | -13.3% |
| Non-recurring operating income | 76A | €1,200 | €4,484 | +€3,284 | +274% |
| Remuneration, social security and pensions | 62 | €107,755 | €120,820 | +€13,065 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,352 | €52,658 | +€8,306 | +18.7% |
| Other operating charges | 640/8 | €5,605 | €3,821 | -€1,784 | -31.8% |
| Gross operating margin | 9900 | €198,295 | €171,384 | -€26,911 | -13.6% |
| Operating profit (loss) | 9901 | €40,583 | -€5,915 | -€46,498 | |
| Financial income | 75/76B | €3,444 | €2,623 | -€821 | -23.8% |
| Recurring financial income | 75 | €3,444 | €2,623 | -€821 | -23.8% |
| Financial charges | 65/66B | €21,454 | €15,391 | -€6,064 | -28.3% |
| Recurring financial charges | 65 | €21,454 | €15,391 | -€6,064 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €22,572 | -€18,683 | -€41,255 | |
| Income taxes | 67/77 | €7,249 | €152 | -€7,096 | -97.9% |
| Profit (loss) for the period | 9904 | €15,323 | -€18,835 | -€34,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,323 | -€18,835 | -€34,159 |
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 17 October 2026 via checked.be.