Verwey: what changed
Two fiscal 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.
Verwey
Largest movements
- Cash +€30,499
up €30,499 (+24.1%), from €126,622 to €157,121
mainly Net result for the year (+€47,898) and Depreciation (+€31,428)
- Tangible fixed assets +€28,002
up €28,002 (+26.3%), from €106,397 to €134,399
of which Furniture and vehicles: +€22,069
- Receivables within one year +€21,726
up €21,726 (+36.5%), from €59,506 to €81,232
of which Other amounts receivable: +€22,591
- Deferred charges and accrued income -€6,839
down €6,839 (-36.3%), from €18,862 to €12,023
- Reserves +€18,890
up €18,890 (+6.9%), from €272,850 to €291,740
- Other debts +€16,000
up €16,000 (+123.1%), from €13,000 to €29,000
- Debts after one year +€15,557
up €15,557 (+49.7%), from €31,272 to €46,829
- Advances received +€10,918
new in 2025: €10,918
- Current portion of long-term debt +€8,843
up €8,843 (+59.4%), from €14,885 to €23,728
- Gross operating margin -€19,850
down €19,850 (-15.5%), from €127,933 to €108,083
- Depreciation +€8,843
up €8,843 (+39.2%), from €22,585 to €31,428
- Taxes -€7,596
down €7,596 (-27.7%), from €27,450 to €19,855
- Other operating charges -€1,919
down €1,919 (-22.6%), from €8,495 to €6,576
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.
Cash bridge derived
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 | €361,386 | €434,775 | +€73,389 | +20.3% |
| Fixed assets | 21/28 | €106,397 | €134,399 | +€28,002 | +26.3% |
| Tangible fixed assets | 22/27 | €106,397 | €134,399 | +€28,002 | +26.3% |
| Land and buildings | 22 | €38,104 | €45,341 | +€7,238 | +19.0% |
| Plant, machinery and equipment | 23 | €7,129 | €8,716 | +€1,587 | +22.3% |
| Furniture and vehicles | 24 | €47,270 | €69,338 | +€22,069 | +46.7% |
| Other tangible fixed assets | 26 | €13,895 | €11,004 | -€2,891 | -20.8% |
| Current assets | 29/58 | €254,989 | €300,376 | +€45,387 | +17.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,506 | €81,232 | +€21,726 | +36.5% |
| Trade receivables | 40 | €7,000 | €6,135 | -€865 | -12.4% |
| Other amounts receivable | 41 | €52,506 | €75,097 | +€22,591 | +43.0% |
| Cash at bank and in hand | 54/58 | €126,622 | €157,121 | +€30,499 | +24.1% |
| Deferred charges and accrued income | 490/1 | €18,862 | €12,023 | -€6,839 | -36.3% |
| Total equity and liabilities | 10/49 | €361,386 | €434,775 | +€73,389 | +20.3% |
| Equity | 10/15 | €285,169 | €304,067 | +€18,898 | +6.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €272,850 | €291,740 | +€18,890 | +6.9% |
| Distributable reserves | 133 | €272,850 | €291,740 | +€18,890 | +6.9% |
| Profit (loss) carried forward | 14 | €2,319 | €2,327 | +€8 | +0.4% |
| Amounts payable | 17/49 | €76,217 | €130,708 | +€54,491 | +71.5% |
| Amounts payable after more than one year | 17 | €31,272 | €46,829 | +€15,557 | +49.7% |
| Financial debts | 170/4 | €31,272 | €46,829 | +€15,557 | +49.7% |
| Amounts payable within one year | 42/48 | €44,946 | €83,879 | +€38,934 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €14,885 | €23,728 | +€8,843 | +59.4% |
| Trade debts | 44 | €1,325 | €2,250 | +€925 | +69.8% |
| Suppliers | 440/4 | €1,325 | €2,250 | +€925 | +69.8% |
| Advances received on contracts in progress | 46 | - | €10,918 | +€10,918 | |
| Taxes, remuneration and social security | 45 | €15,736 | €17,984 | +€2,248 | +14.3% |
| Taxes | 450/3 | €15,736 | €17,984 | +€2,248 | +14.3% |
| Other amounts payable | 47/48 | €13,000 | €29,000 | +€16,000 | +123.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,585 | €31,428 | +€8,843 | +39.2% |
| Other operating charges | 640/8 | €8,495 | €6,576 | -€1,919 | -22.6% |
| Gross operating margin | 9900 | €127,933 | €108,083 | -€19,850 | -15.5% |
| Operating profit (loss) | 9901 | €96,854 | €70,080 | -€26,774 | -27.6% |
| Financial charges | 65/66B | €1,510 | €2,327 | +€817 | +54.1% |
| Recurring financial charges | 65 | €1,510 | €2,327 | +€817 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €95,344 | €67,753 | -€27,591 | -28.9% |
| Income taxes | 67/77 | €27,450 | €19,855 | -€7,596 | -27.7% |
| Profit (loss) for the period | 9904 | €67,893 | €47,898 | -€19,995 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,893 | €47,898 | -€19,995 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.