A. Verjus: 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.
A. Verjus
Largest movements
- Receivables within one year +€13,044
new in 2025: €13,044
- Intangible fixed assets -€12,000
down €12,000 (-25.0%), from €48,000 to €36,000
- Tangible fixed assets -€11,458
down €11,458 (-21.3%), from €53,786 to €42,328
of which Furniture and vehicles: -€12,842
- Cash +€9,697
up €9,697 (+65.7%), from €14,769 to €24,465
mainly Net result for the year (+€37,806) and Depreciation (+€25,477)
- Profit (loss) carried forward +€12,806
up €12,806 (+47.8%), from €26,770 to €39,576
- Debts after one year -€7,935
down €7,935 (-30.2%), from €26,241 to €18,305
- Tax, wage and social debts -€5,935
down €5,935 (-63.0%), from €9,420 to €3,485
- Accrued charges and deferred income +€3,090
new in 2025: €3,090
- Current portion of long-term debt -€2,916
down €2,916 (-26.9%), from €10,851 to €7,935
- Gross operating margin +€17,514
up €17,514 (+28.0%), from €62,487 to €80,002
- Taxes +€3,272
up €3,272 (+41.6%), from €7,870 to €11,142
- Depreciation +€1,817
up €1,817 (+7.7%), from €23,660 to €25,477
- Other operating charges -€1,714
down €1,714 (-62.7%), from €2,735 to €1,021
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 | €117,022 | €116,403 | -€619 | -0.5% |
| Fixed assets | 21/28 | €101,786 | €78,328 | -€23,458 | -23.0% |
| Intangible fixed assets | 21 | €48,000 | €36,000 | -€12,000 | -25.0% |
| Tangible fixed assets | 22/27 | €53,786 | €42,328 | -€11,458 | -21.3% |
| Plant, machinery and equipment | 23 | - | €3,008 | +€3,008 | |
| Furniture and vehicles | 24 | €52,162 | €39,320 | -€12,842 | -24.6% |
| Assets under construction and advance payments | 27 | €1,624 | - | -€1,624 | |
| Current assets | 29/58 | €15,235 | €38,075 | +€22,840 | +149.9% |
| Amounts receivable within one year | 40/41 | - | €13,044 | +€13,044 | |
| Other amounts receivable | 41 | - | €13,044 | +€13,044 | |
| Cash at bank and in hand | 54/58 | €14,769 | €24,465 | +€9,697 | +65.7% |
| Deferred charges and accrued income | 490/1 | €466 | €565 | +€98 | +21.1% |
| Total equity and liabilities | 10/49 | €117,022 | €116,403 | -€619 | -0.5% |
| Equity | 10/15 | €45,370 | €58,176 | +€12,806 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,770 | €39,576 | +€12,806 | +47.8% |
| Amounts payable | 17/49 | €71,652 | €58,227 | -€13,425 | -18.7% |
| Amounts payable after more than one year | 17 | €26,241 | €18,305 | -€7,935 | -30.2% |
| Financial debts | 170/4 | €26,241 | €18,305 | -€7,935 | -30.2% |
| Amounts payable within one year | 42/48 | €45,411 | €36,831 | -€8,580 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €10,851 | €7,935 | -€2,916 | -26.9% |
| Trade debts | 44 | €466 | €411 | -€54 | -11.7% |
| Suppliers | 440/4 | €466 | €411 | -€54 | -11.7% |
| Taxes, remuneration and social security | 45 | €9,420 | €3,485 | -€5,935 | -63.0% |
| Taxes | 450/3 | €9,420 | €3,485 | -€5,935 | -63.0% |
| Other amounts payable | 47/48 | €24,674 | €25,000 | +€326 | +1.3% |
| Accrued charges and deferred income | 492/3 | - | €3,090 | +€3,090 | |
| Non-recurring operating income | 76A | €3,646 | €1,135 | -€2,511 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,660 | €25,477 | +€1,817 | +7.7% |
| Other operating charges | 640/8 | €2,735 | €1,021 | -€1,714 | -62.7% |
| Non-recurring operating charges | 66A | €662 | €3,310 | +€2,648 | +399.8% |
| Gross operating margin | 9900 | €62,487 | €80,002 | +€17,514 | +28.0% |
| Operating profit (loss) | 9901 | €35,430 | €50,193 | +€14,763 | +41.7% |
| Financial charges | 65/66B | €1,477 | €1,246 | -€232 | -15.7% |
| Recurring financial charges | 65 | €1,477 | €1,246 | -€232 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €33,953 | €48,948 | +€14,995 | +44.2% |
| Income taxes | 67/77 | €7,870 | €11,142 | +€3,272 | +41.6% |
| Profit (loss) for the period | 9904 | €26,082 | €37,806 | +€11,723 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,082 | €37,806 | +€11,723 | +44.9% |
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 5 October 2026 via checked.be.