VERVOORT MAXIME: 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 MAXIME
Largest movements
- Receivables within one year -€82,071
down €82,071 (-50.7%), from €161,891 to €79,821
of which Other amounts receivable: -€123,582
- Cash +€47,091
up €47,091 (+41.3%), from €114,045 to €161,137
mainly Net result for the year (+€124,295) and Receivables within one year (+€82,071)
- Stocks and contracts +€3,950
up €3,950 (+23.5%), from €16,835 to €20,785
- Profit (loss) carried forward -€175,705
down €175,705 (-62.9%), from €279,164 to €103,459
- Other debts +€68,505
up €68,505 (+428%), from €16,000 to €84,505
- Tax, wage and social debts +€47,727
up €47,727 (+415%), from €11,513 to €59,240
of which Taxes: +€46,111
- Trade debts +€19,297
up €19,297 (+597%), from €3,230 to €22,528
- Current portion of long-term debt +€4,451
up €4,451 (+19.3%), from €23,018 to €27,469
- Gross operating margin +€56,082
up €56,082 (+19.9%), from €281,601 to €337,683
- Staff costs +€34,585
up €34,585 (+28.9%), from €119,785 to €154,370
- Depreciation +€6,836
up €6,836 (+45.3%), from €15,095 to €21,931
- Taxes +€5,111
up €5,111 (+16.4%), from €31,072 to €36,182
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 | €389,175 | €356,906 | -€32,268 | -8.3% |
| Formation expenses | 20 | €403 | €201 | -€201 | -50.0% |
| Fixed assets | 21/28 | €95,693 | €94,963 | -€730 | -0.8% |
| Tangible fixed assets | 22/27 | €60,448 | €59,719 | -€730 | -1.2% |
| Plant, machinery and equipment | 23 | €8,097 | €5,493 | -€2,603 | -32.2% |
| Furniture and vehicles | 24 | €52,352 | €54,225 | +€1,874 | +3.6% |
| Financial fixed assets | 28 | €35,244 | €35,244 | = | 0.0% |
| Current assets | 29/58 | €293,079 | €261,742 | -€31,338 | -10.7% |
| Stocks and contracts in progress | 3 | €16,835 | €20,785 | +€3,950 | +23.5% |
| Stocks | 30/36 | €16,835 | €20,785 | +€3,950 | +23.5% |
| Amounts receivable within one year | 40/41 | €161,891 | €79,821 | -€82,071 | -50.7% |
| Trade receivables | 40 | €21,201 | €62,713 | +€41,511 | +196% |
| Other amounts receivable | 41 | €140,690 | €17,108 | -€123,582 | -87.8% |
| Cash at bank and in hand | 54/58 | €114,045 | €161,137 | +€47,091 | +41.3% |
| Deferred charges and accrued income | 490/1 | €308 | - | -€308 | |
| Total equity and liabilities | 10/49 | €389,175 | €356,906 | -€32,268 | -8.3% |
| Equity | 10/15 | €294,164 | €118,459 | -€175,705 | -59.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,164 | €103,459 | -€175,705 | -62.9% |
| Amounts payable | 17/49 | €95,011 | €238,447 | +€143,436 | +151% |
| Amounts payable after more than one year | 17 | €41,249 | €44,457 | +€3,208 | +7.8% |
| Financial debts | 170/4 | €41,249 | €44,457 | +€3,208 | +7.8% |
| Amounts payable within one year | 42/48 | €53,761 | €193,742 | +€139,980 | +260% |
| Current portion of amounts payable after more than one year | 42 | €23,018 | €27,469 | +€4,451 | +19.3% |
| Trade debts | 44 | €3,230 | €22,528 | +€19,297 | +597% |
| Suppliers | 440/4 | €3,230 | €22,528 | +€19,297 | +597% |
| Taxes, remuneration and social security | 45 | €11,513 | €59,240 | +€47,727 | +415% |
| Taxes | 450/3 | €5,072 | €51,182 | +€46,111 | +909% |
| Remuneration and social security | 454/9 | €6,442 | €8,058 | +€1,616 | +25.1% |
| Other amounts payable | 47/48 | €16,000 | €84,505 | +€68,505 | +428% |
| Accrued charges and deferred income | 492/3 | - | €248 | +€248 | |
| Remuneration, social security and pensions | 62 | €119,785 | €154,370 | +€34,585 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,095 | €21,931 | +€6,836 | +45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,859 | - | -€2,859 | |
| Other operating charges | 640/8 | €893 | €1,369 | +€476 | +53.3% |
| Non-recurring operating charges | 66A | €101 | - | -€101 | |
| Gross operating margin | 9900 | €281,601 | €337,683 | +€56,082 | +19.9% |
| Operating profit (loss) | 9901 | €142,868 | €160,013 | +€17,144 | +12.0% |
| Financial income | 75/76B | €2,012 | €3,132 | +€1,120 | +55.7% |
| Recurring financial income | 75 | €2,012 | €3,132 | +€1,120 | +55.7% |
| Financial charges | 65/66B | €2,463 | €2,667 | +€205 | +8.3% |
| Recurring financial charges | 65 | €2,463 | €2,667 | +€205 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €142,418 | €160,477 | +€18,060 | +12.7% |
| Income taxes | 67/77 | €31,072 | €36,182 | +€5,111 | +16.4% |
| Profit (loss) for the period | 9904 | €111,346 | €124,295 | +€12,949 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,346 | €124,295 | +€12,949 | +11.6% |
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.