VERWORST: what changed
What changed
VERWORST
NACE 47.781, Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
filed annual accounts (NBB)
Net result for the year
€199,840
2024 · €221,984-€22,144
Equity
€4.1m
2024 · €4.2m-€85,874
Cash
€478,448
2024 · €153,353+€325,095
Balance sheet total
€6.6m
2024 · €6.0m+€571,673
Largest movements
Assets
- Cash +€325,095
up €325,095 (+212%), from €153,353 to €478,448
mainly Trade debts (+€464,335) and Net result for the year (+€199,840)
- Receivables within one year +€212,094
up €212,094 (+4.4%), from €4.8m to €5.0m
of which Trade receivables: +€117,451
Equity and liabilities
- Trade debts +€464,335
up €464,335 (+33.0%), from €1.4m to €1.9m
- Other debts +€130,573
up €130,573 (+37.6%), from €347,362 to €477,935
- Reserves -€85,874
down €85,874 (-2.2%), from €4.0m to €3.9m
of which Distributable reserves: -€85,874
Income statement
- Turnover -€1.3m
down €1.3m (-4.0%), from €32.8m to €31.5m
- Goods and materials -€1.2m
down €1.2m (-3.8%), from €30.4m to €29.2m
of which Purchases: -€653,002
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.
Result 2024
€221,984
Turnover
-€1.3m
Other operating income
+€16,758
Goods and materials
+€1.2m
Services and other goods
+€223,874
Staff costs
-€36,543
Depreciation
-€27,931
Write-downs
-€6,630
Other operating charges
-€5,364
Other operating items
+€2,000
Financial income
+€26,780
Financial charges
+€13,719
Taxes
-€67,891
Result 2025
€199,840
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€679,263
Investment
-€68,454
Financing
-€285,714
Cash 2024
€153,353
From operations (derived)
+€679,263
Net result for the year
+€199,840
Depreciation
+€58,086
Stocks and contracts
-€23,613
Receivables within one year
-€212,094
Deferred charges and accrued income
-€504
Trade debts
+€464,335
Tax, wage and social debts
+€58,419
Advances received
+€4,220
Other debts
+€130,573
Investment (derived)
-€68,454
Investment in fixed assets (net)
-€68,454
Financing
-€285,714
Contributions, distributions and other
-€285,714
Cash 2025
€478,448
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,009,040 | €6,580,712 | +€571,673 | +9.5% |
| Fixed assets | 21/28 | €216,045 | €226,412 | +€10,367 | +4.8% |
| Tangible fixed assets | 22/27 | €199,309 | €209,477 | +€10,167 | +5.1% |
| Land and buildings | 22 | €82,774 | €109,061 | +€26,288 | +31.8% |
| Plant, machinery and equipment | 23 | €31,823 | €34,073 | +€2,250 | +7.1% |
| Furniture and vehicles | 24 | €84,713 | €66,343 | -€18,370 | -21.7% |
| Financial fixed assets | 28 | €16,735 | €16,935 | +€200 | +1.2% |
| Other financial fixed assets | 284/8 | €16,735 | €16,935 | +€200 | +1.2% |
| Amounts receivable and cash guarantees | 285/8 | €16,735 | €16,935 | +€200 | +1.2% |
| Current assets | 29/58 | €5,792,995 | €6,354,300 | +€561,305 | +9.7% |
| Stocks and contracts in progress | 3 | €839,176 | €862,789 | +€23,613 | +2.8% |
| Stocks | 30/36 | €839,176 | €862,789 | +€23,613 | +2.8% |
| Goods purchased for resale | 34 | €839,176 | €862,789 | +€23,613 | +2.8% |
| Amounts receivable within one year | 40/41 | €4,798,153 | €5,010,247 | +€212,094 | +4.4% |
| Trade receivables | 40 | €4,719,431 | €4,836,882 | +€117,451 | +2.5% |
| Other amounts receivable | 41 | €78,722 | €173,365 | +€94,644 | +120% |
| Cash at bank and in hand | 54/58 | €153,353 | €478,448 | +€325,095 | +212% |
| Deferred charges and accrued income | 490/1 | €2,313 | €2,817 | +€504 | +21.8% |
| Total equity and liabilities | 10/49 | €6,009,040 | €6,580,712 | +€571,673 | +9.5% |
| Equity | 10/15 | €4,219,213 | €4,133,339 | -€85,874 | -2.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €3,969,213 | €3,883,339 | -€85,874 | -2.2% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,750 | €41,750 | = | 0.0% |
| Distributable reserves | 133 | €3,902,463 | €3,816,589 | -€85,874 | -2.2% |
| Amounts payable | 17/49 | €1,789,827 | €2,447,373 | +€657,547 | +36.7% |
| Amounts payable within one year | 42/48 | €1,781,732 | €2,439,278 | +€657,547 | +36.9% |
| Trade debts | 44 | €1,407,162 | €1,871,497 | +€464,335 | +33.0% |
| Suppliers | 440/4 | €1,407,162 | €1,871,497 | +€464,335 | +33.0% |
| Advances received on contracts in progress | 46 | - | €4,220 | +€4,220 | |
| Taxes, remuneration and social security | 45 | €27,208 | €85,627 | +€58,419 | +215% |
| Taxes | 450/3 | €8,003 | €30,159 | +€22,156 | +277% |
| Remuneration and social security | 454/9 | €19,205 | €55,467 | +€36,262 | +189% |
| Other amounts payable | 47/48 | €347,362 | €477,935 | +€130,573 | +37.6% |
| Accrued charges and deferred income | 492/3 | €8,095 | €8,095 | = | 0.0% |
| Operating income | 70/76A | €32,822,384 | €31,527,483 | -€1.3m | -3.9% |
| Turnover | 70 | €32,815,680 | €31,502,020 | -€1.3m | -4.0% |
| Other operating income | 74 | €6,704 | €23,462 | +€16,758 | +250% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Operating charges | 60/66A | €32,582,398 | €31,282,249 | -€1.3m | -4.0% |
| Goods for resale, raw materials and consumables | 60 | €30,363,625 | €29,210,881 | -€1.2m | -3.8% |
| Purchases | 600/8 | €29,887,495 | €29,234,493 | -€653,002 | -2.2% |
| Change in stocks: decrease (increase) | 609 | €476,129 | -€23,613 | -€499,742 | |
| Services and other goods | 61 | €1,711,228 | €1,487,354 | -€223,874 | -13.1% |
| Remuneration, social security and pensions | 62 | €431,978 | €468,521 | +€36,543 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,155 | €58,086 | +€27,931 | +92.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,630 | +€6,630 | |
| Other operating charges | 640/8 | €45,413 | €50,777 | +€5,364 | +11.8% |
| Operating profit (loss) | 9901 | €239,986 | €245,234 | +€5,248 | +2.2% |
| Financial income | 75/76B | €48,098 | €74,878 | +€26,780 | +55.7% |
| Recurring financial income | 75 | €48,098 | €74,878 | +€26,780 | +55.7% |
| Income from current assets | 751 | €6,955 | €13,286 | +€6,332 | +91.0% |
| Other financial income | 752/9 | €41,143 | €61,592 | +€20,448 | +49.7% |
| Financial charges | 65/66B | €66,085 | €52,366 | -€13,719 | -20.8% |
| Recurring financial charges | 65 | €66,085 | €52,366 | -€13,719 | -20.8% |
| Debt charges | 650 | €7,526 | €8,737 | +€1,211 | +16.1% |
| Other financial charges | 652/9 | €58,558 | €43,628 | -€14,930 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €221,999 | €267,746 | +€45,747 | +20.6% |
| Income taxes | 67/77 | €15 | €67,906 | +€67,891 | +446,944% |
| Taxes | 670/3 | €59,236 | €67,906 | +€8,670 | +14.6% |
| Tax adjustments and reversals of tax provisions | 77 | €59,221 | - | -€59,221 | |
| Profit (loss) for the period | 9904 | €221,984 | €199,840 | -€22,144 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €221,984 | €199,840 | -€22,144 | -10.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.