VERVOORDT r.e.: what changed
What changed
VERVOORDT r.e.
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€32,013
2024 · €70,767-€38,754
Equity
€16.3m
2024 · €16.2m+€32,013
Cash
€7,929
2024 · €15,237-€7,309
Balance sheet total
€34.0m
2024 · €29.9m+€4.1m
Largest movements
Assets
- Financial fixed assets +€23.1m
up €23.1m (+713%), from €3.2m to €26.4m
of which Companies linked by participating interests: +€13.4m
- Receivables after one year -€18.3m
no longer reported in 2025 (was €18.3m)
- Stocks and contracts -€504,202
down €504,202 (-15.2%), from €3.3m to €2.8m
Equity and liabilities
- Other debts +€4.5m
up €4.5m (+43.9%), from €10.1m to €14.6m
Income statement
- Turnover +€496,274
new in 2025: €496,274
- Services and other goods +€389,419
new in 2025: €389,419
- Financial charges +€155,334
up €155,334 (+49.2%), from €315,814 to €471,148
- Gross operating margin +€88,874
no longer reported in 2025 (was -€88,874)
- Financial income +€88,227
up €88,227 (+10.0%), from €886,032 to €974,259
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,767
Turnover
+€496,274
Services and other goods
-€389,419
Depreciation
+€1,233
Other operating charges
+€6,779
Other operating items
-€86,514
Financial income
+€88,227
Financial charges
-€155,334
Result 2025
€32,013
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23.5m
Investment
-€23.2m
Financing
-€328,589
Cash 2024
€15,237
From operations (derived)
+€23.5m
Net result for the year
+€32,013
Depreciation
+€347,304
Receivables after one year
+€18.3m
Stocks and contracts
+€504,202
Smaller working-capital items
-€46,528
Other debts
+€4.5m
Investment (derived)
-€23.2m
Investment in fixed assets (net)
-€23.2m
Financing
-€328,589
Debts after one year
-€334,365
Current portion of long-term debt
+€5,776
Cash 2025
€7,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,896,178 | €34,043,079 | +€4.1m | +13.9% |
| Fixed assets | 21/28 | €7,534,050 | €30,410,195 | +€22.9m | +304% |
| Tangible fixed assets | 22/27 | €4,288,149 | €4,017,101 | -€271,048 | -6.3% |
| Plant, machinery and equipment | 23 | €5,201 | €1,138 | -€4,063 | -78.1% |
| Furniture and vehicles | 24 | €2,987 | €3,462 | +€475 | +15.9% |
| Other tangible fixed assets | 26 | €4,250,593 | €3,919,186 | -€331,407 | -7.8% |
| Assets under construction and advance payments | 27 | €29,369 | €93,316 | +€63,947 | +218% |
| Financial fixed assets | 28 | €3,245,901 | €26,393,094 | +€23.1m | +713% |
| Affiliated companies | 280/1 | - | €13,010,862 | +€13.0m | |
| Participating interests | 280 | - | €2,699,999 | +€2.7m | |
| Amounts receivable | 281 | - | €10,310,863 | +€10.3m | |
| Companies linked by participating interests | 282/3 | - | €13,372,526 | +€13.4m | |
| Participating interests | 282 | - | €534,275 | +€534,275 | |
| Amounts receivable | 283 | - | €12,838,251 | +€12.8m | |
| Other financial fixed assets | 284/8 | - | €9,706 | +€9,706 | |
| Amounts receivable and cash guarantees | 285/8 | - | €9,706 | +€9,706 | |
| Current assets | 29/58 | €22,362,128 | €3,632,885 | -€18.7m | -83.8% |
| Amounts receivable after more than one year | 29 | €18,255,023 | - | -€18.3m | |
| Other amounts receivable | 291 | €18,255,023 | - | -€18.3m | |
| Stocks and contracts in progress | 3 | €3,319,718 | €2,815,517 | -€504,202 | -15.2% |
| Stocks | 30/36 | €3,319,718 | €2,815,517 | -€504,202 | -15.2% |
| Property held for sale | 35 | - | €2,815,517 | +€2.8m | |
| Amounts receivable within one year | 40/41 | €771,738 | €809,045 | +€37,308 | +4.8% |
| Trade receivables | 40 | €79,482 | €52,999 | -€26,484 | -33.3% |
| Other amounts receivable | 41 | €692,255 | €756,047 | +€63,791 | +9.2% |
| Cash at bank and in hand | 54/58 | €15,237 | €7,929 | -€7,309 | -48.0% |
| Deferred charges and accrued income | 490/1 | €411 | €394 | -€17 | -4.2% |
| Total equity and liabilities | 10/49 | €29,896,178 | €34,043,079 | +€4.1m | +13.9% |
| Equity | 10/15 | €16,246,965 | €16,278,978 | +€32,013 | +0.2% |
| Contributions | 10/11 | €18,870,422 | €18,870,422 | = | 0.0% |
| Capital | 10 | €18,870,422 | €18,870,422 | = | 0.0% |
| Issued capital | 100 | €18,870,422 | €18,870,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,623,457 | -€2,591,444 | +€32,013 | +1.2% |
| Amounts payable | 17/49 | €13,649,213 | €17,764,102 | +€4.1m | +30.1% |
| Amounts payable after more than one year | 17 | €2,718,634 | €2,384,270 | -€334,365 | -12.3% |
| Financial debts | 170/4 | €2,718,634 | €2,384,270 | -€334,365 | -12.3% |
| Credit institutions | 173 | - | €2,384,270 | +€2.4m | |
| Amounts payable within one year | 42/48 | €10,917,456 | €15,368,492 | +€4.5m | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €328,589 | €334,365 | +€5,776 | +1.8% |
| Trade debts | 44 | €407,087 | €394,673 | -€12,413 | -3.0% |
| Suppliers | 440/4 | €407,087 | €394,673 | -€12,413 | -3.0% |
| Advances received on contracts in progress | 46 | €45,000 | €45,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €4,958 | +€4,958 | |
| Taxes | 450/3 | - | €4,958 | +€4,958 | |
| Other amounts payable | 47/48 | €10,136,781 | €14,589,496 | +€4.5m | +43.9% |
| Accrued charges and deferred income | 492/3 | €13,123 | €11,340 | -€1,783 | -13.6% |
| Operating income | 70/76A | - | €320,886 | +€320,886 | |
| Turnover | 70 | - | €496,274 | +€496,274 | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€504,202 | -€504,202 | |
| Non-recurring operating income | 76A | €3,711 | €328,814 | +€325,103 | +8,760% |
| Operating charges | 60/66A | - | €791,985 | +€791,985 | |
| Services and other goods | 61 | - | €389,419 | +€389,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,536 | €347,304 | -€1,233 | -0.4% |
| Other operating charges | 640/8 | €62,040 | €55,261 | -€6,779 | -10.9% |
| Gross operating margin | 9900 | -€88,874 | - | +€88,874 | |
| Operating profit (loss) | 9901 | -€499,451 | -€471,099 | +€28,352 | +5.7% |
| Financial income | 75/76B | €886,032 | €974,259 | +€88,227 | +10.0% |
| Recurring financial income | 75 | €886,032 | €974,259 | +€88,227 | +10.0% |
| Income from financial fixed assets | 750 | - | €925,769 | +€925,769 | |
| Income from current assets | 751 | - | €48,488 | +€48,488 | |
| Other financial income | 752/9 | - | €2 | +€2 | |
| Financial charges | 65/66B | €315,814 | €471,148 | +€155,334 | +49.2% |
| Recurring financial charges | 65 | €315,814 | €471,148 | +€155,334 | +49.2% |
| Debt charges | 650 | - | €469,237 | +€469,237 | |
| Other financial charges | 652/9 | - | €1,911 | +€1,911 | |
| Profit (loss) for the period before taxes | 9903 | €70,767 | €32,013 | -€38,754 | -54.8% |
| Profit (loss) for the period | 9904 | €70,767 | €32,013 | -€38,754 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,767 | €32,013 | -€38,754 | -54.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.