Verwijk-Bufkens: 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.
Verwijk-Bufkens
Largest movements
- Cash +€248,489
up €248,489 (+765.4%), from €32,464 to €280,952
mainly Net result for the year (+€136,185) and Trade debts (+€102,829)
- Tangible fixed assets -€76,489
down €76,489 (-13.1%), from €582,087 to €505,598
- Receivables within one year +€17,270
up €17,270 (+2.9%), from €586,626 to €603,897
of which Other amounts receivable: +€156,619
- Reserves +€136,185
up €136,185 (+33.7%), from €403,844 to €540,029
- Trade debts +€102,829
up €102,829 (+46.9%), from €219,467 to €322,296
- Debts after one year -€44,582
down €44,582 (-10.2%), from €438,753 to €394,170
- Current portion of long-term debt +€35,928
up €35,928 (+22.6%), from €158,734 to €194,662
- Tax, wage and social debts -€16,867
down €16,867 (-24.1%), from €69,960 to €53,093
of which Taxes: -€26,198
- Gross operating margin +€119,671
up €119,671 (+44.0%), from €272,049 to €391,721
- Taxes +€29,087
up €29,087 (+74.5%), from €39,028 to €68,115
- Depreciation +€15,626
up €15,626 (+19.2%), from €81,519 to €97,145
- Staff costs +€11,001
up €11,001 (+34.2%), from €32,206 to €43,207
- Financial charges +€8,025
up €8,025 (+27.0%), from €29,712 to €37,737
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 | €1,422,388 | €1,623,741 | +€201,353 | +14.2% |
| Fixed assets | 21/28 | €787,105 | €719,578 | -€67,527 | -8.6% |
| Tangible fixed assets | 22/27 | €582,087 | €505,598 | -€76,489 | -13.1% |
| Land and buildings | 22 | €341,302 | €322,245 | -€19,058 | -5.6% |
| Plant, machinery and equipment | 23 | €31,546 | €28,209 | -€3,338 | -10.6% |
| Furniture and vehicles | 24 | €142,204 | €119,662 | -€22,541 | -15.9% |
| Leasing and similar rights | 25 | €67,035 | €35,482 | -€31,552 | -47.1% |
| Financial fixed assets | 28 | €205,018 | €213,980 | +€8,962 | +4.4% |
| Current assets | 29/58 | €635,283 | €904,163 | +€268,880 | +42.3% |
| Amounts receivable within one year | 40/41 | €586,626 | €603,897 | +€17,270 | +2.9% |
| Trade receivables | 40 | €213,860 | €74,511 | -€139,348 | -65.2% |
| Other amounts receivable | 41 | €372,767 | €529,385 | +€156,619 | +42.0% |
| Cash at bank and in hand | 54/58 | €32,464 | €280,952 | +€248,489 | +765.4% |
| Deferred charges and accrued income | 490/1 | €16,193 | €19,314 | +€3,121 | +19.3% |
| Total equity and liabilities | 10/49 | €1,422,388 | €1,623,741 | +€201,353 | +14.2% |
| Equity | 10/15 | €410,044 | €546,229 | +€136,185 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €403,844 | €540,029 | +€136,185 | +33.7% |
| Distributable reserves | 133 | €403,844 | €540,029 | +€136,185 | +33.7% |
| Amounts payable | 17/49 | €1,012,344 | €1,077,512 | +€65,168 | +6.4% |
| Amounts payable after more than one year | 17 | €438,753 | €394,170 | -€44,582 | -10.2% |
| Financial debts | 170/4 | €438,753 | €394,170 | -€44,582 | -10.2% |
| Amounts payable within one year | 42/48 | €570,591 | €671,482 | +€100,891 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €158,734 | €194,662 | +€35,928 | +22.6% |
| Financial debts | 43 | €11,833 | €11,772 | -€61 | -0.5% |
| Other loans | 439 | €11,833 | €11,772 | -€61 | -0.5% |
| Trade debts | 44 | €219,467 | €322,296 | +€102,829 | +46.9% |
| Suppliers | 440/4 | €219,467 | €322,296 | +€102,829 | +46.9% |
| Advances received on contracts in progress | 46 | €4,659 | €0 | -€4,659 | -100.0% |
| Taxes, remuneration and social security | 45 | €69,960 | €53,093 | -€16,867 | -24.1% |
| Taxes | 450/3 | €66,704 | €40,506 | -€26,198 | -39.3% |
| Remuneration and social security | 454/9 | €3,256 | €12,587 | +€9,332 | +286.6% |
| Other amounts payable | 47/48 | €105,939 | €89,660 | -€16,280 | -15.4% |
| Accrued charges and deferred income | 492/3 | €3,000 | €11,860 | +€8,860 | +295.3% |
| Non-recurring operating income | 76A | €19,257 | €6,682 | -€12,574 | -65.3% |
| Remuneration, social security and pensions | 62 | €32,206 | €43,207 | +€11,001 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,519 | €97,145 | +€15,626 | +19.2% |
| Other operating charges | 640/8 | €9,710 | €9,347 | -€362 | -3.7% |
| Gross operating margin | 9900 | €272,049 | €391,721 | +€119,671 | +44.0% |
| Operating profit (loss) | 9901 | €148,615 | €242,022 | +€93,407 | +62.9% |
| Financial income | 75/76B | €356 | €16 | -€340 | -95.6% |
| Recurring financial income | 75 | €356 | €16 | -€340 | -95.6% |
| Financial charges | 65/66B | €29,712 | €37,737 | +€8,025 | +27.0% |
| Recurring financial charges | 65 | €29,712 | €37,737 | +€8,025 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €119,258 | €204,300 | +€85,042 | +71.3% |
| Income taxes | 67/77 | €39,028 | €68,115 | +€29,087 | +74.5% |
| Profit (loss) for the period | 9904 | €80,230 | €136,185 | +€55,955 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,230 | €136,185 | +€55,955 | +69.7% |
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 8 October 2026 via checked.be.