BEL-VERRA: 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.
BEL-VERRA
Largest movements
- Tangible fixed assets +€23,001
new in 2025: €23,001
- Deferred charges and accrued income +€1,576
new in 2025: €1,576
- Other debts +€25,450
up €25,450 (+482%), from €5,279 to €30,729
- Profit (loss) carried forward -€3,060
down €3,060 (-6.6%), from -€46,115 to -€49,175
- Trade debts +€1,712
new in 2025: €1,712
- Gross operating margin -€2,001
down €2,001, from €188 to -€1,813
- Purchases and services +€1,802
up €1,802 (+170%), from €1,062 to €2,864
- Depreciation +€799
new in 2025: €799
- Turnover -€199
down €199 (-15.9%), from €1,250 to €1,051
- Financial charges +€24
up €24 (+100%), from €24 to €48
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,814 | €50,916 | +€24,102 | +89.9% |
| Fixed assets | 21/28 | - | €23,001 | +€23,001 | |
| Tangible fixed assets | 22/27 | - | €23,001 | +€23,001 | |
| Furniture and vehicles | 24 | - | €23,001 | +€23,001 | |
| Current assets | 29/58 | €26,814 | €27,915 | +€1,101 | +4.1% |
| Amounts receivable within one year | 40/41 | €23,540 | €23,215 | -€325 | -1.4% |
| Trade receivables | 40 | €23,215 | €23,215 | = | 0.0% |
| Other amounts receivable | 41 | €325 | - | -€325 | |
| Cash at bank and in hand | 54/58 | €3,274 | €3,124 | -€150 | -4.6% |
| Deferred charges and accrued income | 490/1 | - | €1,576 | +€1,576 | |
| Total equity and liabilities | 10/49 | €26,814 | €50,916 | +€24,102 | +89.9% |
| Equity | 10/15 | €21,535 | €18,475 | -€3,060 | -14.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,115 | -€49,175 | -€3,060 | -6.6% |
| Amounts payable | 17/49 | €5,279 | €32,441 | +€27,162 | +515% |
| Amounts payable within one year | 42/48 | €5,279 | €32,441 | +€27,162 | +515% |
| Trade debts | 44 | - | €1,712 | +€1,712 | |
| Suppliers | 440/4 | - | €1,712 | +€1,712 | |
| Other amounts payable | 47/48 | €5,279 | €30,729 | +€25,450 | +482% |
| Turnover | 70 | €1,250 | €1,051 | -€199 | -15.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,062 | €2,864 | +€1,802 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €799 | +€799 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €188 | -€1,813 | -€2,001 | |
| Operating profit (loss) | 9901 | -€199 | -€3,012 | -€2,813 | -1,414% |
| Financial charges | 65/66B | €24 | €48 | +€24 | +100% |
| Recurring financial charges | 65 | €24 | €48 | +€24 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€223 | -€3,060 | -€2,837 | -1,272% |
| Profit (loss) for the period | 9904 | -€223 | -€3,060 | -€2,837 | -1,272% |
| Profit (loss) for the period to be appropriated | 9905 | -€223 | -€3,060 | -€2,837 | -1,272% |
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 29 October 2026 via checked.be.