Verwerft & co: 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.
Verwerft & co
Largest movements
- Tangible fixed assets +€385,095
up €385,095 (+5,881%), from €6,548 to €391,643
of which Other tangible fixed assets: +€357,907
- Receivables after one year -€37,000
down €37,000 (-34.5%), from €107,102 to €70,102
- Cash +€14,841
up €14,841 (+61.8%), from €24,025 to €38,865
mainly Debts after one year (+€332,602) and Receivables after one year (+€37,000)
- Receivables within one year -€13,306
down €13,306 (-71.1%), from €18,703 to €5,397
of which Other amounts receivable: -€12,922
- Stocks and contracts +€6,423
new in 2025: €6,423
- Debts after one year +€332,602
new in 2025: €332,602
- Profit (loss) carried forward -€31,925
down €31,925 (-132%), from -€24,101 to -€56,026
- Trade debts +€30,833
up €30,833 (+673%), from €4,580 to €35,413
- Tax, wage and social debts +€10,467
up €10,467 (+264%), from €3,972 to €14,440
of which Remuneration and social security: +€6,207
- Current portion of long-term debt +€9,970
new in 2025: €9,970
- Purchases and services +€31,349
up €31,349 (+20.3%), from €154,580 to €185,929
- Staff costs -€14,357
down €14,357 (-36.3%), from €39,584 to €25,227
- Gross operating margin -€11,302
down €11,302 (-53.3%), from €21,212 to €9,911
- Turnover +€8,424
up €8,424 (+5.4%), from €154,863 to €163,287
- Depreciation +€6,071
up €6,071 (+178%), from €3,412 to €9,483
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 | €167,143 | €518,644 | +€351,501 | +210% |
| Fixed assets | 21/28 | €11,548 | €396,643 | +€385,095 | +3,335% |
| Tangible fixed assets | 22/27 | €6,548 | €391,643 | +€385,095 | +5,881% |
| Land and buildings | 22 | - | €18,778 | +€18,778 | |
| Plant, machinery and equipment | 23 | - | €3,847 | +€3,847 | |
| Furniture and vehicles | 24 | - | €4,564 | +€4,564 | |
| Other tangible fixed assets | 26 | €6,548 | €364,455 | +€357,907 | +5,466% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €155,595 | €122,001 | -€33,594 | -21.6% |
| Amounts receivable after more than one year | 29 | €107,102 | €70,102 | -€37,000 | -34.5% |
| Other amounts receivable | 291 | €107,102 | €70,102 | -€37,000 | -34.5% |
| Stocks and contracts in progress | 3 | - | €6,423 | +€6,423 | |
| Stocks | 30/36 | - | €6,423 | +€6,423 | |
| Amounts receivable within one year | 40/41 | €18,703 | €5,397 | -€13,306 | -71.1% |
| Trade receivables | 40 | €2,846 | €2,462 | -€384 | -13.5% |
| Other amounts receivable | 41 | €15,857 | €2,935 | -€12,922 | -81.5% |
| Cash at bank and in hand | 54/58 | €24,025 | €38,865 | +€14,841 | +61.8% |
| Deferred charges and accrued income | 490/1 | €5,766 | €1,214 | -€4,552 | -78.9% |
| Total equity and liabilities | 10/49 | €167,143 | €518,644 | +€351,501 | +210% |
| Equity | 10/15 | €150,714 | €118,789 | -€31,925 | -21.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €173,815 | €173,815 | = | 0.0% |
| Distributable reserves | 133 | €173,815 | €173,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,101 | -€56,026 | -€31,925 | -132% |
| Amounts payable | 17/49 | €16,429 | €399,855 | +€383,426 | +2,334% |
| Amounts payable after more than one year | 17 | - | €332,602 | +€332,602 | |
| Financial debts | 170/4 | - | €332,602 | +€332,602 | |
| Amounts payable within one year | 42/48 | €16,429 | €67,253 | +€50,824 | +309% |
| Current portion of amounts payable after more than one year | 42 | - | €9,970 | +€9,970 | |
| Trade debts | 44 | €4,580 | €35,413 | +€30,833 | +673% |
| Suppliers | 440/4 | €4,580 | €35,413 | +€30,833 | +673% |
| Taxes, remuneration and social security | 45 | €3,972 | €14,440 | +€10,467 | +264% |
| Taxes | 450/3 | €3,006 | €7,266 | +€4,260 | +142% |
| Remuneration and social security | 454/9 | €966 | €7,174 | +€6,207 | +642% |
| Other amounts payable | 47/48 | €7,876 | €7,430 | -€447 | -5.7% |
| Turnover | 70 | €154,863 | €163,287 | +€8,424 | +5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,580 | €185,929 | +€31,349 | +20.3% |
| Remuneration, social security and pensions | 62 | €39,584 | €25,227 | -€14,357 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €9,483 | +€6,071 | +178% |
| Other operating charges | 640/8 | €2,179 | €2,137 | -€42 | -1.9% |
| Non-recurring operating charges | 66A | €318 | €420 | +€102 | +32.0% |
| Gross operating margin | 9900 | €21,212 | €9,911 | -€11,302 | -53.3% |
| Operating profit (loss) | 9901 | -€24,281 | -€27,357 | -€3,076 | -12.7% |
| Financial income | 75/76B | €1,935 | €136 | -€1,798 | -93.0% |
| Recurring financial income | 75 | €1,935 | €136 | -€1,798 | -93.0% |
| Financial charges | 65/66B | €1,808 | €4,679 | +€2,871 | +159% |
| Recurring financial charges | 65 | €1,808 | €4,679 | +€2,871 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€24,154 | -€31,899 | -€7,745 | -32.1% |
| Income taxes | 67/77 | €187 | €26 | -€161 | -86.3% |
| Profit (loss) for the period | 9904 | -€24,341 | -€31,925 | -€7,584 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,341 | -€31,925 | -€7,584 | -31.2% |
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 16 October 2026 via checked.be.