Verwarming Bros: what changed
Verwarming Bros
Largest movements
- Receivables within one year -€7,582
down €7,582 (-79.1%), from €9,581 to €1,999
of which Other amounts receivable: -€7,223
- Tangible fixed assets -€6,406
down €6,406 (-15.8%), from €40,472 to €34,066
of which Furniture and vehicles: -€7,801
- Cash -€2,900
down €2,900 (-4.6%), from €63,357 to €60,457
mainly Contributions, distributions and other (-€35,294) and Advances received (-€7,537)
- Reserves -€20,296
down €20,296 (-30.4%), from €66,728 to €46,433
- Trade debts +€10,197
up €10,197 (+56.6%), from €18,005 to €28,202
- Advances received -€7,537
no longer reported in 2025 (was €7,537)
- Tax, wage and social debts +€1,501
up €1,501 (+8.9%), from €16,904 to €18,405
- Depreciation +€7,094
up €7,094 (+296%), from €2,398 to €9,493
- Gross operating margin +€5,618
up €5,618 (+14.9%), from €37,740 to €43,358
- Financial charges +€2,912
up €2,912 (+53.9%), from €5,406 to €8,318
- Taxes +€2,540
up €2,540 (+38.7%), from €6,565 to €9,105
- Other operating charges -€796
down €796 (-35.5%), from €2,244 to €1,447
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,810 | €96,922 | -€16,888 | -14.8% |
| Fixed assets | 21/28 | €40,872 | €34,466 | -€6,406 | -15.7% |
| Tangible fixed assets | 22/27 | €40,472 | €34,066 | -€6,406 | -15.8% |
| Plant, machinery and equipment | 23 | €2,833 | €4,227 | +€1,395 | +49.2% |
| Furniture and vehicles | 24 | €37,639 | €29,839 | -€7,801 | -20.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €72,938 | €62,456 | -€10,482 | -14.4% |
| Amounts receivable within one year | 40/41 | €9,581 | €1,999 | -€7,582 | -79.1% |
| Trade receivables | 40 | €2,356 | €1,997 | -€359 | -15.2% |
| Other amounts receivable | 41 | €7,225 | €2 | -€7,223 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,357 | €60,457 | -€2,900 | -4.6% |
| Total equity and liabilities | 10/49 | €113,810 | €96,922 | -€16,888 | -14.8% |
| Equity | 10/15 | €69,728 | €49,433 | -€20,296 | -29.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,728 | €46,433 | -€20,296 | -30.4% |
| Distributable reserves | 133 | €66,728 | €46,433 | -€20,296 | -30.4% |
| Amounts payable | 17/49 | €44,081 | €47,489 | +€3,408 | +7.7% |
| Amounts payable within one year | 42/48 | €44,081 | €47,489 | +€3,408 | +7.7% |
| Trade debts | 44 | €18,005 | €28,202 | +€10,197 | +56.6% |
| Suppliers | 440/4 | €18,005 | €28,202 | +€10,197 | +56.6% |
| Advances received on contracts in progress | 46 | €7,537 | - | -€7,537 | |
| Taxes, remuneration and social security | 45 | €16,904 | €18,405 | +€1,501 | +8.9% |
| Taxes | 450/3 | €16,904 | €18,405 | +€1,501 | +8.9% |
| Other amounts payable | 47/48 | €1,636 | €882 | -€754 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,398 | €9,493 | +€7,094 | +296% |
| Other operating charges | 640/8 | €2,244 | €1,447 | -€796 | -35.5% |
| Gross operating margin | 9900 | €37,740 | €43,358 | +€5,618 | +14.9% |
| Operating profit (loss) | 9901 | €33,098 | €32,418 | -€680 | -2.1% |
| Financial income | 75/76B | €2 | €3 | +€0 | +0.8% |
| Recurring financial income | 75 | €2 | €3 | +€0 | +0.8% |
| Financial charges | 65/66B | €5,406 | €8,318 | +€2,912 | +53.9% |
| Recurring financial charges | 65 | €5,406 | €8,318 | +€2,912 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €27,695 | €24,103 | -€3,592 | -13.0% |
| Income taxes | 67/77 | €6,565 | €9,105 | +€2,540 | +38.7% |
| Profit (loss) for the period | 9904 | €21,130 | €14,999 | -€6,132 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,130 | €14,999 | -€6,132 | -29.0% |
Next steps
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 5 November 2026 via checked.be.