VERVLOET: 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.
VERVLOET
Largest movements
- Cash +€19,956
up €19,956 (+58.5%), from €34,114 to €54,070
mainly Net result for the year (+€11,520) and Trade debts (+€6,906)
- Receivables within one year +€7,141
up €7,141 (+134.9%), from €5,292 to €12,433
of which Trade receivables: +€4,553
- Deferred charges and accrued income -€5,599
no longer reported in 2025 (was €5,599)
- Tangible fixed assets -€1,287
down €1,287 (-21.2%), from €6,076 to €4,789
- Profit (loss) carried forward +€11,520
up €11,520 (+8.7%), from -€132,768 to -€121,248
- Trade debts +€6,906
up €6,906 (+17.2%), from €40,189 to €47,094
- Tax, wage and social debts +€1,111
up €1,111 (+29.0%), from €3,829 to €4,940
of which Taxes: +€802
- Gross operating margin +€4,611
up €4,611 (+8.6%), from €53,397 to €58,008
- Staff costs +€3,213
up €3,213 (+9.2%), from €35,070 to €38,283
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 | €57,476 | €77,696 | +€20,221 | +35.2% |
| Fixed assets | 21/28 | €6,775 | €5,488 | -€1,287 | -19.0% |
| Tangible fixed assets | 22/27 | €6,076 | €4,789 | -€1,287 | -21.2% |
| Plant, machinery and equipment | 23 | €6,076 | €4,789 | -€1,287 | -21.2% |
| Financial fixed assets | 28 | €699 | €699 | = | 0.0% |
| Current assets | 29/58 | €50,701 | €72,208 | +€21,508 | +42.4% |
| Stocks and contracts in progress | 3 | €5,695 | €5,705 | +€10 | +0.2% |
| Stocks | 30/36 | €5,695 | €5,705 | +€10 | +0.2% |
| Amounts receivable within one year | 40/41 | €5,292 | €12,433 | +€7,141 | +134.9% |
| Trade receivables | 40 | €2,251 | €6,804 | +€4,553 | +202.3% |
| Other amounts receivable | 41 | €3,042 | €5,630 | +€2,588 | +85.1% |
| Cash at bank and in hand | 54/58 | €34,114 | €54,070 | +€19,956 | +58.5% |
| Deferred charges and accrued income | 490/1 | €5,599 | - | -€5,599 | |
| Total equity and liabilities | 10/49 | €57,476 | €77,696 | +€20,221 | +35.2% |
| Equity | 10/15 | -€21,251 | -€9,731 | +€11,520 | +54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,917 | €92,917 | = | 0.0% |
| Distributable reserves | 133 | €92,917 | €92,917 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,768 | -€121,248 | +€11,520 | +8.7% |
| Amounts payable | 17/49 | €78,727 | €87,428 | +€8,701 | +11.1% |
| Amounts payable within one year | 42/48 | €78,727 | €87,428 | +€8,701 | +11.1% |
| Trade debts | 44 | €40,189 | €47,094 | +€6,906 | +17.2% |
| Suppliers | 440/4 | €40,189 | €47,094 | +€6,906 | +17.2% |
| Taxes, remuneration and social security | 45 | €3,829 | €4,940 | +€1,111 | +29.0% |
| Taxes | 450/3 | €208 | €1,010 | +€802 | +385.6% |
| Remuneration and social security | 454/9 | €3,621 | €3,930 | +€309 | +8.5% |
| Other amounts payable | 47/48 | €34,709 | €35,394 | +€685 | +2.0% |
| Remuneration, social security and pensions | 62 | €35,070 | €38,283 | +€3,213 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,030 | €2,609 | -€421 | -13.9% |
| Other operating charges | 640/8 | €4,244 | €4,388 | +€144 | +3.4% |
| Gross operating margin | 9900 | €53,397 | €58,008 | +€4,611 | +8.6% |
| Operating profit (loss) | 9901 | €11,053 | €12,729 | +€1,675 | +15.2% |
| Financial income | 75/76B | €66 | €169 | +€103 | +155.9% |
| Recurring financial income | 75 | €66 | €169 | +€103 | +155.9% |
| Financial charges | 65/66B | €1,670 | €1,378 | -€292 | -17.5% |
| Recurring financial charges | 65 | €1,670 | €1,378 | -€292 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €9,449 | €11,520 | +€2,071 | +21.9% |
| Profit (loss) for the period | 9904 | €9,449 | €11,520 | +€2,071 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,449 | €11,520 | +€2,071 | +21.9% |
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 9 October 2026 via checked.be.