Vervloet-Swaans: 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-Swaans
Largest movements
- Tangible fixed assets -€14,066
down €14,066 (-5.5%), from €258,000 to €243,934
of which Land and buildings: -€15,850
- Cash +€13,580
up €13,580 (+3,045%), from €446 to €14,026
mainly Depreciation (+€16,024) and Net result for the year (+€15,765)
- Receivables within one year +€12,524
new in 2025: €12,524
- Debts after one year -€16,592
down €16,592 (-24.3%), from €68,251 to €51,659
- Reserves +€15,765
up €15,765 (+30.2%), from €52,171 to €67,936
- Tax, wage and social debts +€6,118
up €6,118 (+779%), from €785 to €6,903
- Other debts +€5,383
up €5,383 (+3.9%), from €139,374 to €144,757
- Gross operating margin -€12,001
down €12,001 (-24.4%), from €49,277 to €37,276
- Taxes -€6,274
down €6,274 (-95.5%), from €6,568 to €294
- Depreciation -€1,469
down €1,469 (-8.4%), from €17,493 to €16,024
- Financial charges +€864
up €864 (+45.4%), from €1,903 to €2,767
- Other operating charges -€517
down €517 (-17.6%), from €2,943 to €2,426
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 | €258,446 | €270,484 | +€12,038 | +4.7% |
| Fixed assets | 21/28 | €258,000 | €243,934 | -€14,066 | -5.5% |
| Tangible fixed assets | 22/27 | €258,000 | €243,934 | -€14,066 | -5.5% |
| Land and buildings | 22 | €258,000 | €242,150 | -€15,850 | -6.1% |
| Furniture and vehicles | 24 | - | €1,784 | +€1,784 | |
| Current assets | 29/58 | €446 | €26,550 | +€26,104 | +5,853% |
| Amounts receivable within one year | 40/41 | - | €12,524 | +€12,524 | |
| Trade receivables | 40 | - | €12,524 | +€12,524 | |
| Cash at bank and in hand | 54/58 | €446 | €14,026 | +€13,580 | +3,045% |
| Total equity and liabilities | 10/49 | €258,446 | €270,484 | +€12,038 | +4.7% |
| Equity | 10/15 | €30,761 | €46,526 | +€15,765 | +51.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €134,726 | €134,726 | = | 0.0% |
| Reserves | 13 | €52,171 | €67,936 | +€15,765 | +30.2% |
| Distributable reserves | 133 | €52,171 | €67,936 | +€15,765 | +30.2% |
| Profit (loss) carried forward | 14 | -€174,736 | -€174,736 | = | 0.0% |
| Amounts payable | 17/49 | €227,685 | €223,958 | -€3,727 | -1.6% |
| Amounts payable after more than one year | 17 | €68,251 | €51,659 | -€16,592 | -24.3% |
| Financial debts | 170/4 | €68,251 | €51,659 | -€16,592 | -24.3% |
| Amounts payable within one year | 42/48 | €159,434 | €172,299 | +€12,865 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €16,288 | €16,592 | +€304 | +1.9% |
| Trade debts | 44 | €2,987 | €4,047 | +€1,060 | +35.5% |
| Suppliers | 440/4 | €2,987 | €4,047 | +€1,060 | +35.5% |
| Taxes, remuneration and social security | 45 | €785 | €6,903 | +€6,118 | +779% |
| Taxes | 450/3 | €785 | €6,903 | +€6,118 | +779% |
| Other amounts payable | 47/48 | €139,374 | €144,757 | +€5,383 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,493 | €16,024 | -€1,469 | -8.4% |
| Other operating charges | 640/8 | €2,943 | €2,426 | -€517 | -17.6% |
| Gross operating margin | 9900 | €49,277 | €37,276 | -€12,001 | -24.4% |
| Operating profit (loss) | 9901 | €28,841 | €18,826 | -€10,015 | -34.7% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €1,903 | €2,767 | +€864 | +45.4% |
| Recurring financial charges | 65 | €1,903 | €2,767 | +€864 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €26,957 | €16,059 | -€10,898 | -40.4% |
| Income taxes | 67/77 | €6,568 | €294 | -€6,274 | -95.5% |
| Profit (loss) for the period | 9904 | €20,389 | €15,765 | -€4,624 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,389 | €15,765 | -€4,624 | -22.7% |
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 19 October 2026 via checked.be.