VERZELE GUY ENGINEERING: 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.
VERZELE GUY ENGINEERING
Largest movements
- Cash +€7,346
up €7,346 (+4.7%), from €154,825 to €162,170
mainly Net result for the year (+€6,024) and Other debts (+€5,259)
- Receivables within one year +€2,194
up €2,194 (+15.1%), from €14,536 to €16,731
of which Other amounts receivable: +€3,259
- Profit (loss) carried forward +€6,024
up €6,024, from €0 to €6,024
- Other debts +€5,259
up €5,259 (+11.5%), from €45,720 to €50,980
- Tax, wage and social debts -€1,814
down €1,814 (-37.6%), from €4,825 to €3,011
of which Taxes: -€1,814
- Gross operating margin -€12,003
down €12,003 (-44.9%), from €26,760 to €14,757
- Taxes -€3,306
down €3,306 (-46.8%), from €7,061 to €3,755
- Financial charges +€602
up €602 (+21.6%), from €2,783 to €3,385
- Financial income -€601
down €601 (-66.4%), from €905 to €304
- Other operating charges -€338
down €338 (-15.1%), from €2,235 to €1,897
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 | €172,221 | €180,927 | +€8,706 | +5.1% |
| Current assets | 29/58 | €172,221 | €180,927 | +€8,706 | +5.1% |
| Amounts receivable within one year | 40/41 | €14,536 | €16,731 | +€2,194 | +15.1% |
| Trade receivables | 40 | €11,326 | €10,261 | -€1,065 | -9.4% |
| Other amounts receivable | 41 | €3,211 | €6,470 | +€3,259 | +101.5% |
| Cash at bank and in hand | 54/58 | €154,825 | €162,170 | +€7,346 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,860 | €2,025 | -€834 | -29.2% |
| Total equity and liabilities | 10/49 | €172,221 | €180,927 | +€8,706 | +5.1% |
| Equity | 10/15 | €118,266 | €124,290 | +€6,024 | +5.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €100,266 | €100,266 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €98,266 | €98,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €6,024 | +€6,024 | |
| Amounts payable | 17/49 | €53,955 | €56,636 | +€2,682 | +5.0% |
| Amounts payable within one year | 42/48 | €50,662 | €54,103 | +€3,440 | +6.8% |
| Trade debts | 44 | €117 | €111 | -€5 | -4.4% |
| Suppliers | 440/4 | €117 | €111 | -€5 | -4.4% |
| Taxes, remuneration and social security | 45 | €4,825 | €3,011 | -€1,814 | -37.6% |
| Taxes | 450/3 | €4,665 | €2,851 | -€1,814 | -38.9% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €45,720 | €50,980 | +€5,259 | +11.5% |
| Accrued charges and deferred income | 492/3 | €3,292 | €2,534 | -€759 | -23.0% |
| Other operating charges | 640/8 | €2,235 | €1,897 | -€338 | -15.1% |
| Gross operating margin | 9900 | €26,760 | €14,757 | -€12,003 | -44.9% |
| Operating profit (loss) | 9901 | €24,525 | €12,860 | -€11,665 | -47.6% |
| Financial income | 75/76B | €905 | €304 | -€601 | -66.4% |
| Recurring financial income | 75 | €905 | €304 | -€601 | -66.4% |
| Financial charges | 65/66B | €2,783 | €3,385 | +€602 | +21.6% |
| Recurring financial charges | 65 | €2,783 | €3,385 | +€602 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €22,648 | €9,779 | -€12,868 | -56.8% |
| Income taxes | 67/77 | €7,061 | €3,755 | -€3,306 | -46.8% |
| Profit (loss) for the period | 9904 | €15,587 | €6,024 | -€9,562 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,587 | €6,024 | -€9,562 | -61.3% |
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 3 October 2026 via checked.be.