ALMIVER VEURNE: what changed
Two financial 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.
What changed
ALMIVER VEURNE
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€84,930
2024 · -€317,948+€233,018
Equity
€3.4m
2024 · €3.5m-€84,930
Cash
€32,515
2024 · €5,848+€26,667
Balance sheet total
€6.9m
2024 · €7.3m-€396,319
Largest movements
Assets
- Tangible fixed assets -€371,668
down €371,668 (-5.1%), from €7.2m to €6.9m
of which Land and buildings: -€371,668
Equity and liabilities
- Debts after one year -€284,498
down €284,498 (-8.4%), from €3.4m to €3.1m
of which Financial debts: -€284,498
- Profit (loss) carried forward -€84,930
down €84,930 (-7.4%), from -€1.1m to -€1.2m
Income statement
- Financial charges -€215,464
down €215,464 (-79.7%), from €270,233 to €54,769
- Gross operating margin +€22,763
up €22,763 (+6.4%), from €353,401 to €376,164
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.
Result 2024
-€317,948
Gross operating margin
+€22,763
Depreciation
-€873
Other operating charges
-€928
Financial income
-€3,408
Financial charges
+€215,464
Result 2025
-€84,930
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€310,799
Investment
€0
Financing
-€284,132
Cash 2024
€5,848
From operations (derived)
+€310,799
Net result for the year
-€84,930
Depreciation
+€371,668
Receivables within one year
+€51,339
Smaller working-capital items
+€154
Trade debts
-€34,109
Other debts
+€2,476
Accrued charges and deferred income
+€4,201
Financing
-€284,132
Debts after one year
-€284,498
Current portion of long-term debt
+€366
Cash 2025
€32,515
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,297,717 | €6,901,399 | -€396,319 | -5.4% |
| Fixed assets | 21/28 | €7,237,061 | €6,865,392 | -€371,668 | -5.1% |
| Tangible fixed assets | 22/27 | €7,232,061 | €6,860,392 | -€371,668 | -5.1% |
| Land and buildings | 22 | €7,232,061 | €6,860,392 | -€371,668 | -5.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €60,656 | €36,006 | -€24,650 | -40.6% |
| Amounts receivable within one year | 40/41 | €53,295 | €1,957 | -€51,339 | -96.3% |
| Trade receivables | 40 | €53,295 | €1,957 | -€51,339 | -96.3% |
| Cash at bank and in hand | 54/58 | €5,848 | €32,515 | +€26,667 | +456% |
| Deferred charges and accrued income | 490/1 | €1,513 | €1,534 | +€21 | +1.4% |
| Total equity and liabilities | 10/49 | €7,297,717 | €6,901,399 | -€396,319 | -5.4% |
| Equity | 10/15 | €3,510,930 | €3,426,000 | -€84,930 | -2.4% |
| Contributions | 10/11 | €4,656,600 | €4,656,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,145,670 | -€1,230,600 | -€84,930 | -7.4% |
| Amounts payable | 17/49 | €3,786,787 | €3,475,398 | -€311,389 | -8.2% |
| Amounts payable after more than one year | 17 | €3,388,771 | €3,104,273 | -€284,498 | -8.4% |
| Financial debts | 170/4 | €3,388,771 | €3,104,273 | -€284,498 | -8.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €398,016 | €366,925 | -€31,092 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €309,978 | €310,345 | +€366 | +0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €37,214 | €3,104 | -€34,109 | -91.7% |
| Suppliers | 440/4 | €37,214 | €3,104 | -€34,109 | -91.7% |
| Taxes, remuneration and social security | 45 | €5,592 | €5,767 | +€175 | +3.1% |
| Taxes | 450/3 | €5,592 | €5,767 | +€175 | +3.1% |
| Other amounts payable | 47/48 | €45,232 | €47,708 | +€2,476 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €4,201 | +€4,201 | |
| Non-recurring operating income | 76A | €103,546 | €108,366 | +€4,820 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,795 | €371,668 | +€873 | +0.2% |
| Other operating charges | 640/8 | €33,729 | €34,657 | +€928 | +2.8% |
| Gross operating margin | 9900 | €353,401 | €376,164 | +€22,763 | +6.4% |
| Operating profit (loss) | 9901 | -€51,123 | -€30,161 | +€20,962 | +41.0% |
| Financial income | 75/76B | €3,408 | €0 | -€3,408 | -100% |
| Recurring financial income | 75 | €3,408 | €0 | -€3,408 | -100% |
| Financial charges | 65/66B | €270,233 | €54,769 | -€215,464 | -79.7% |
| Recurring financial charges | 65 | €270,233 | €54,769 | -€215,464 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | -€317,948 | -€84,930 | +€233,018 | +73.3% |
| Profit (loss) for the period | 9904 | -€317,948 | -€84,930 | +€233,018 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€317,948 | -€84,930 | +€233,018 | +73.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.