Vervoort Stephan: what changed
What changed
Vervoort Stephan
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€59,421
2025 · €51,785+€7,636
Equity
€401,959
2025 · €394,818+€7,141
Cash
€223,886
2025 · €243,231-€19,345
Balance sheet total
€414,312
2025 · €406,351+€7,961
Largest movements
Assets
- Cash -€19,345
down €19,345 (-8.0%), from €243,231 to €223,886
mainly Contributions, distributions and other (-€52,280) and Investment in fixed assets (net) (-€24,548)
- Current investments +€18,000
up €18,000 (+19.8%), from €91,000 to €109,000
- Tangible fixed assets +€5,779
up €5,779 (+13.9%), from €41,626 to €47,406
of which Furniture and vehicles: +€6,449
Equity and liabilities
- Reserves +€7,141
up €7,141 (+1.9%), from €373,818 to €380,959
of which Distributable reserves: +€9,241
Income statement
- Gross operating margin +€8,402
up €8,402 (+8.5%), from €98,812 to €107,214
- Depreciation -€5,706
down €5,706 (-23.3%), from €24,474 to €18,768
- Taxes +€3,545
up €3,545 (+14.4%), from €24,666 to €28,211
- Financial income -€2,874
down €2,874 (-66.9%), from €4,298 to €1,424
Change in the result, 2025 to 2026
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 2025
€51,785
Gross operating margin
+€8,402
Depreciation
+€5,706
Other operating charges
-€125
Financial income
-€2,874
Financial charges
+€72
Taxes
-€3,545
Result 2026
€59,421
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,561
Investment
-€42,547
Financing
-€57,358
Cash 2025
€243,231
From operations (derived)
+€80,561
Net result for the year
+€59,421
Depreciation
+€18,768
Receivables within one year
-€3,371
Deferred charges and accrued income
-€156
Trade debts
+€3,115
Tax, wage and social debts
+€2,784
Investment (derived)
-€42,547
Investment in fixed assets (net)
-€24,548
Current investments
-€18,000
Financing
-€57,358
Debts after one year
-€2,131
Current portion of long-term debt
-€2,948
Contributions, distributions and other
-€52,280
Cash 2026
€223,886
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,351 | €414,312 | +€7,961 | +2.0% |
| Fixed assets | 21/28 | €41,626 | €47,406 | +€5,779 | +13.9% |
| Tangible fixed assets | 22/27 | €41,626 | €47,406 | +€5,779 | +13.9% |
| Plant, machinery and equipment | 23 | €864 | €739 | -€125 | -14.5% |
| Furniture and vehicles | 24 | €38,583 | €45,032 | +€6,449 | +16.7% |
| Other tangible fixed assets | 26 | €2,180 | €1,635 | -€545 | -25.0% |
| Current assets | 29/58 | €364,724 | €366,906 | +€2,182 | +0.6% |
| Amounts receivable within one year | 40/41 | €30,494 | €33,864 | +€3,371 | +11.1% |
| Trade receivables | 40 | €23,029 | €22,522 | -€507 | -2.2% |
| Other amounts receivable | 41 | €7,465 | €11,342 | +€3,877 | +51.9% |
| Current investments | 50/53 | €91,000 | €109,000 | +€18,000 | +19.8% |
| Cash at bank and in hand | 54/58 | €243,231 | €223,886 | -€19,345 | -8.0% |
| Deferred charges and accrued income | 490/1 | - | €156 | +€156 | |
| Total equity and liabilities | 10/49 | €406,351 | €414,312 | +€7,961 | +2.0% |
| Equity | 10/15 | €394,818 | €401,959 | +€7,141 | +1.8% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €373,818 | €380,959 | +€7,141 | +1.9% |
| Non-distributable reserves | 130/1 | €2,100 | - | -€2,100 | |
| Reserves not available under the articles | 1311 | €2,100 | - | -€2,100 | |
| Distributable reserves | 133 | €371,718 | €380,959 | +€9,241 | +2.5% |
| Amounts payable | 17/49 | €11,533 | €12,353 | +€820 | +7.1% |
| Amounts payable after more than one year | 17 | €2,131 | - | -€2,131 | |
| Financial debts | 170/4 | €2,131 | - | -€2,131 | |
| Amounts payable within one year | 42/48 | €9,402 | €12,353 | +€2,951 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €5,079 | €2,131 | -€2,948 | -58.0% |
| Trade debts | 44 | €4,324 | €7,438 | +€3,115 | +72.0% |
| Suppliers | 440/4 | €4,324 | €7,438 | +€3,115 | +72.0% |
| Taxes, remuneration and social security | 45 | - | €2,784 | +€2,784 | |
| Taxes | 450/3 | - | €2,784 | +€2,784 | |
| Non-recurring operating income | 76A | - | €10,911 | +€10,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,474 | €18,768 | -€5,706 | -23.3% |
| Other operating charges | 640/8 | €1,834 | €1,959 | +€125 | +6.8% |
| Gross operating margin | 9900 | €98,812 | €107,214 | +€8,402 | +8.5% |
| Operating profit (loss) | 9901 | €72,504 | €86,487 | +€13,983 | +19.3% |
| Financial income | 75/76B | €4,298 | €1,424 | -€2,874 | -66.9% |
| Recurring financial income | 75 | €4,298 | €1,424 | -€2,874 | -66.9% |
| Financial charges | 65/66B | €352 | €280 | -€72 | -20.5% |
| Recurring financial charges | 65 | €352 | €280 | -€72 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €76,450 | €87,632 | +€11,181 | +14.6% |
| Income taxes | 67/77 | €24,666 | €28,211 | +€3,545 | +14.4% |
| Profit (loss) for the period | 9904 | €51,785 | €59,421 | +€7,636 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,785 | €59,421 | +€7,636 | +14.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.