Vervoort Management: 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.
Vervoort Management
Largest movements
- Receivables within one year +€164,387
up €164,387 (+226%), from €72,823 to €237,210
of which Other amounts receivable: +€120,127
- Tangible fixed assets -€44,018
down €44,018 (-5.1%), from €854,997 to €810,978
- Cash +€43,509
up €43,509 (+161%), from €26,970 to €70,479
mainly Net result for the year (+€194,826) and Debts after one year (+€54,493)
- Reserves +€149,406
up €149,406 (+50.2%), from €297,747 to €447,153
of which Distributable reserves: +€149,406
- Current portion of long-term debt -€115,282
down €115,282 (-66.6%), from €172,980 to €57,698
- Debts after one year +€54,493
up €54,493 (+8.4%), from €651,257 to €705,750
- Other debts +€37,558
up €37,558 (+209%), from €17,991 to €55,548
- Tax, wage and social debts +€33,258
up €33,258 (+116%), from €28,723 to €61,981
of which Taxes: +€33,258
- Financial income +€150,760
up €150,760 (+6,526,428%), from €2 to €150,763
- Taxes +€33,499
up €33,499 (+281%), from €11,941 to €45,441
- Other operating charges -€28,929
down €28,929 (-91.8%), from €31,517 to €2,588
- Gross operating margin +€23,444
up €23,444 (+17.8%), from €131,804 to €155,249
- Financial charges -€4,404
down €4,404 (-21.4%), from €20,547 to €16,143
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 | €1,326,630 | €1,490,508 | +€163,878 | +12.4% |
| Fixed assets | 21/28 | €1,226,837 | €1,182,819 | -€44,018 | -3.6% |
| Tangible fixed assets | 22/27 | €854,997 | €810,978 | -€44,018 | -5.1% |
| Land and buildings | 22 | €782,861 | €761,888 | -€20,973 | -2.7% |
| Plant, machinery and equipment | 23 | €14,535 | €12,435 | -€2,100 | -14.4% |
| Furniture and vehicles | 24 | €57,602 | €36,656 | -€20,946 | -36.4% |
| Financial fixed assets | 28 | €371,840 | €371,840 | = | 0.0% |
| Current assets | 29/58 | €99,793 | €307,689 | +€207,896 | +208% |
| Amounts receivable within one year | 40/41 | €72,823 | €237,210 | +€164,387 | +226% |
| Trade receivables | 40 | €0 | €44,260 | +€44,260 | |
| Other amounts receivable | 41 | €72,823 | €192,950 | +€120,127 | +165% |
| Cash at bank and in hand | 54/58 | €26,970 | €70,479 | +€43,509 | +161% |
| Total equity and liabilities | 10/49 | €1,326,630 | €1,490,508 | +€163,878 | +12.4% |
| Equity | 10/15 | €455,542 | €604,949 | +€149,406 | +32.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €297,747 | €447,153 | +€149,406 | +50.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,705 | €18,705 | = | 0.0% |
| Distributable reserves | 133 | €277,042 | €426,448 | +€149,406 | +53.9% |
| Profit (loss) carried forward | 14 | €137,795 | €137,795 | = | 0.0% |
| Amounts payable | 17/49 | €871,087 | €885,559 | +€14,471 | +1.7% |
| Amounts payable after more than one year | 17 | €651,257 | €705,750 | +€54,493 | +8.4% |
| Financial debts | 170/4 | €651,257 | €705,750 | +€54,493 | +8.4% |
| Amounts payable within one year | 42/48 | €219,831 | €179,809 | -€40,022 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €172,980 | €57,698 | -€115,282 | -66.6% |
| Trade debts | 44 | €137 | €4,581 | +€4,445 | +3,256% |
| Suppliers | 440/4 | €137 | €4,581 | +€4,445 | +3,256% |
| Taxes, remuneration and social security | 45 | €28,723 | €61,981 | +€33,258 | +116% |
| Taxes | 450/3 | €26,398 | €59,656 | +€33,258 | +126% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 47/48 | €17,991 | €55,548 | +€37,558 | +209% |
| Non-recurring operating income | 76A | €2,250 | €0 | -€2,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,240 | €47,013 | +€1,774 | +3.9% |
| Other operating charges | 640/8 | €31,517 | €2,588 | -€28,929 | -91.8% |
| Gross operating margin | 9900 | €131,804 | €155,249 | +€23,444 | +17.8% |
| Operating profit (loss) | 9901 | €55,047 | €105,647 | +€50,600 | +91.9% |
| Financial income | 75/76B | €2 | €150,763 | +€150,760 | +6,526,428% |
| Recurring financial income | 75 | €2 | €150,763 | +€150,760 | +6,526,428% |
| Financial charges | 65/66B | €20,547 | €16,143 | -€4,404 | -21.4% |
| Recurring financial charges | 65 | €20,547 | €16,143 | -€4,404 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €34,502 | €240,267 | +€205,765 | +596% |
| Income taxes | 67/77 | €11,941 | €45,441 | +€33,499 | +281% |
| Profit (loss) for the period | 9904 | €22,561 | €194,826 | +€172,265 | +764% |
| Profit (loss) for the period to be appropriated | 9905 | €22,561 | €194,826 | +€172,265 | +764% |
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 27 October 2026 via checked.be.