VERVYNCKT MAENHAUT: 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.
VERVYNCKT MAENHAUT
Largest movements
- Tangible fixed assets +€613,863
up €613,863 (+513%), from €119,741 to €733,605
of which Other tangible fixed assets: +€344,899
- Receivables within one year -€37,777
down €37,777 (-89.7%), from €42,118 to €4,341
of which Trade receivables: -€40,907
- Intangible fixed assets +€16,255
up €16,255 (+558%), from €2,913 to €19,168
- Stocks and contracts +€15,412
new in 2024: €15,412
- Cash +€9,823
up €9,823 (+1,182%), from €831 to €10,654
mainly Debts after one year (+€427,523) and Trade debts (+€164,706)
- Debts after one year +€427,523
up €427,523 (+981%), from €43,589 to €471,112
- Trade debts +€164,706
up €164,706 (+561%), from €29,362 to €194,068
- Other debts -€51,826
down €51,826 (-59.5%), from €87,170 to €35,344
- Short-term financial debts +€45,214
new in 2024: €45,214
- Current portion of long-term debt +€31,379
up €31,379 (+923%), from €3,398 to €34,777
- Gross operating margin +€57,078
up €57,078 (+989%), from €5,772 to €62,850
- Depreciation +€56,191
up €56,191 (+1,314%), from €4,276 to €60,468
- Financial charges +€13,984
up €13,984 (+308%), from €4,538 to €18,522
- Other operating charges +€2,866
up €2,866 (+295%), from €972 to €3,837
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,930 | €789,881 | +€623,952 | +376% |
| Fixed assets | 21/28 | €122,654 | €757,273 | +€634,619 | +517% |
| Intangible fixed assets | 21 | €2,913 | €19,168 | +€16,255 | +558% |
| Tangible fixed assets | 22/27 | €119,741 | €733,605 | +€613,863 | +513% |
| Plant, machinery and equipment | 23 | €6,669 | €203,950 | +€197,280 | +2,958% |
| Furniture and vehicles | 24 | - | €71,684 | +€71,684 | |
| Other tangible fixed assets | 26 | €113,072 | €457,971 | +€344,899 | +305% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €43,276 | €32,609 | -€10,667 | -24.6% |
| Stocks and contracts in progress | 3 | - | €15,412 | +€15,412 | |
| Stocks | 30/36 | - | €15,412 | +€15,412 | |
| Amounts receivable within one year | 40/41 | €42,118 | €4,341 | -€37,777 | -89.7% |
| Trade receivables | 40 | €40,907 | €0 | -€40,907 | -100% |
| Other amounts receivable | 41 | €1,211 | €4,341 | +€3,130 | +258% |
| Cash at bank and in hand | 54/58 | €831 | €10,654 | +€9,823 | +1,182% |
| Deferred charges and accrued income | 490/1 | €327 | €2,202 | +€1,875 | +574% |
| Total equity and liabilities | 10/49 | €165,930 | €789,881 | +€623,952 | +376% |
| Equity | 10/15 | €2,411 | -€17,704 | -€20,115 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,260 | €4,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,260 | €4,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,049 | -€28,163 | -€20,115 | -250% |
| Amounts payable | 17/49 | €163,519 | €807,585 | +€644,066 | +394% |
| Amounts payable after more than one year | 17 | €43,589 | €471,112 | +€427,523 | +981% |
| Financial debts | 170/4 | €43,589 | €471,112 | +€427,523 | +981% |
| Amounts payable within one year | 42/48 | €119,930 | €315,169 | +€195,240 | +163% |
| Current portion of amounts payable after more than one year | 42 | €3,398 | €34,777 | +€31,379 | +923% |
| Financial debts | 43 | - | €45,214 | +€45,214 | |
| Credit institutions | 430/8 | - | €45,214 | +€45,214 | |
| Trade debts | 44 | €29,362 | €194,068 | +€164,706 | +561% |
| Suppliers | 440/4 | €29,362 | €194,068 | +€164,706 | +561% |
| Taxes, remuneration and social security | 45 | €0 | €5,767 | +€5,767 | |
| Taxes | 450/3 | €0 | €5,767 | +€5,767 | |
| Other amounts payable | 47/48 | €87,170 | €35,344 | -€51,826 | -59.5% |
| Accrued charges and deferred income | 492/3 | - | €21,303 | +€21,303 | |
| Non-recurring operating income | 76A | - | €1,322 | +€1,322 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,276 | €60,468 | +€56,191 | +1,314% |
| Other operating charges | 640/8 | €972 | €3,837 | +€2,866 | +295% |
| Non-recurring operating charges | 66A | €1,121 | €0 | -€1,121 | -100% |
| Gross operating margin | 9900 | €5,772 | €62,850 | +€57,078 | +989% |
| Operating profit (loss) | 9901 | -€596 | -€1,454 | -€858 | -144% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.0% |
| Financial charges | 65/66B | €4,538 | €18,522 | +€13,984 | +308% |
| Recurring financial charges | 65 | €4,538 | €18,522 | +€13,984 | +308% |
| Profit (loss) for the period before taxes | 9903 | -€5,134 | -€19,977 | -€14,843 | -289% |
| Income taxes | 67/77 | €0 | €138 | +€138 | |
| Profit (loss) for the period | 9904 | -€5,134 | -€20,115 | -€14,980 | -292% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,134 | -€20,115 | -€14,980 | -292% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.