Vervliet Projects: 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.
Vervliet Projects
Largest movements
- Receivables within one year +€49,090
up €49,090 (+522%), from €9,396 to €58,486
of which Trade receivables: +€53,998
- Tangible fixed assets -€26,646
down €26,646 (-29.4%), from €90,561 to €63,915
of which Furniture and vehicles: -€23,998
- Cash -€11,667
down €11,667 (-61.0%), from €19,111 to €7,444
mainly Receivables within one year (-€49,090) and Debts after one year (-€18,455)
- Debts after one year -€18,455
down €18,455 (-58.7%), from €31,463 to €13,008
- Trade debts +€8,808
up €8,808 (+56.0%), from €15,715 to €24,523
- Other debts +€8,619
up €8,619 (+122%), from €7,053 to €15,672
- Profit (loss) carried forward +€8,169
up €8,169 (+25.3%), from €32,246 to €40,415
- Tax, wage and social debts +€2,443
up €2,443 (+26.9%), from €9,069 to €11,512
- Gross operating margin -€8,706
down €8,706 (-17.5%), from €49,886 to €41,180
- Taxes -€2,452
down €2,452 (-42.8%), from €5,734 to €3,283
- Financial income -€1,344
down €1,344 (-79.9%), from €1,682 to €338
- Financial charges -€1,139
down €1,139 (-28.0%), from €4,062 to €2,923
- Depreciation -€554
down €554 (-2.0%), from €27,200 to €26,646
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 | €120,867 | €131,644 | +€10,777 | +8.9% |
| Fixed assets | 21/28 | €92,361 | €65,715 | -€26,646 | -28.9% |
| Tangible fixed assets | 22/27 | €90,561 | €63,915 | -€26,646 | -29.4% |
| Plant, machinery and equipment | 23 | €505 | €10 | -€496 | -98.1% |
| Furniture and vehicles | 24 | €82,663 | €58,665 | -€23,998 | -29.0% |
| Other tangible fixed assets | 26 | €7,393 | €5,240 | -€2,153 | -29.1% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €28,506 | €65,929 | +€37,423 | +131% |
| Amounts receivable within one year | 40/41 | €9,396 | €58,486 | +€49,090 | +522% |
| Trade receivables | 40 | €1,936 | €55,934 | +€53,998 | +2,789% |
| Other amounts receivable | 41 | €7,460 | €2,551 | -€4,909 | -65.8% |
| Cash at bank and in hand | 54/58 | €19,111 | €7,444 | -€11,667 | -61.0% |
| Total equity and liabilities | 10/49 | €120,867 | €131,644 | +€10,777 | +8.9% |
| Equity | 10/15 | €40,306 | €48,475 | +€8,169 | +20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,246 | €40,415 | +€8,169 | +25.3% |
| Amounts payable | 17/49 | €80,561 | €83,169 | +€2,608 | +3.2% |
| Amounts payable after more than one year | 17 | €31,463 | €13,008 | -€18,455 | -58.7% |
| Financial debts | 170/4 | €31,463 | €13,008 | -€18,455 | -58.7% |
| Amounts payable within one year | 42/48 | €49,099 | €70,162 | +€21,063 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €17,262 | €18,455 | +€1,194 | +6.9% |
| Trade debts | 44 | €15,715 | €24,523 | +€8,808 | +56.0% |
| Suppliers | 440/4 | €15,715 | €24,523 | +€8,808 | +56.0% |
| Taxes, remuneration and social security | 45 | €9,069 | €11,512 | +€2,443 | +26.9% |
| Taxes | 450/3 | €9,069 | €11,512 | +€2,443 | +26.9% |
| Other amounts payable | 47/48 | €7,053 | €15,672 | +€8,619 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,200 | €26,646 | -€554 | -2.0% |
| Other operating charges | 640/8 | €700 | €497 | -€203 | -29.0% |
| Gross operating margin | 9900 | €49,886 | €41,180 | -€8,706 | -17.5% |
| Operating profit (loss) | 9901 | €21,985 | €14,036 | -€7,949 | -36.2% |
| Financial income | 75/76B | €1,682 | €338 | -€1,344 | -79.9% |
| Recurring financial income | 75 | €1,682 | €338 | -€1,344 | -79.9% |
| Financial charges | 65/66B | €4,062 | €2,923 | -€1,139 | -28.0% |
| Recurring financial charges | 65 | €4,062 | €2,923 | -€1,139 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €19,605 | €11,451 | -€8,154 | -41.6% |
| Income taxes | 67/77 | €5,734 | €3,283 | -€2,452 | -42.8% |
| Profit (loss) for the period | 9904 | €13,871 | €8,169 | -€5,702 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,871 | €8,169 | -€5,702 | -41.1% |
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 25 October 2026 via checked.be.