EX - LIBRIS - VERVISCH: 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.
EX - LIBRIS - VERVISCH
Largest movements
- Cash +€11,564
up €11,564 (+39.1%), from €29,569 to €41,132
mainly Net result for the year (+€14,258) and Depreciation (+€9,628)
- Receivables within one year +€5,613
up €5,613 (+71.8%), from €7,818 to €13,431
of which Trade receivables: +€6,817
- Reserves +€14,000
up €14,000 (+105.5%), from €13,274 to €27,274
- Tax, wage and social debts +€6,138
up €6,138 (+166.7%), from €3,683 to €9,820
of which Taxes: +€6,285
- Other debts -€2,278
down €2,278 (-10.9%), from €20,853 to €18,575
- Gross operating margin +€12,908
up €12,908 (+58.9%), from €21,913 to €34,821
- Depreciation -€8,290
down €8,290 (-46.3%), from €17,918 to €9,628
- Other operating charges -€6,965
down €6,965 (-64.6%), from €10,788 to €3,823
- Taxes +€6,904
up €6,904 (+4315.2%), from €160 to €7,064
- Staff costs -€2,999
no longer reported in 2025 (was €2,999)
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 | €194,023 | €211,041 | +€17,018 | +8.8% |
| Fixed assets | 21/28 | €155,025 | €154,795 | -€229 | -0.1% |
| Tangible fixed assets | 22/27 | €155,025 | €154,795 | -€229 | -0.1% |
| Land and buildings | 22 | €118,076 | €115,000 | -€3,076 | -2.6% |
| Furniture and vehicles | 24 | €1,305 | €725 | -€580 | -44.5% |
| Other tangible fixed assets | 26 | €35,644 | €39,071 | +€3,427 | +9.6% |
| Current assets | 29/58 | €38,998 | €56,245 | +€17,247 | +44.2% |
| Amounts receivable within one year | 40/41 | €7,818 | €13,431 | +€5,613 | +71.8% |
| Trade receivables | 40 | €4,273 | €11,091 | +€6,817 | +159.5% |
| Other amounts receivable | 41 | €3,545 | €2,340 | -€1,205 | -34.0% |
| Cash at bank and in hand | 54/58 | €29,569 | €41,132 | +€11,564 | +39.1% |
| Deferred charges and accrued income | 490/1 | €1,612 | €1,683 | +€71 | +4.4% |
| Total equity and liabilities | 10/49 | €194,023 | €211,041 | +€17,018 | +8.8% |
| Equity | 10/15 | €167,706 | €181,964 | +€14,258 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,274 | €27,274 | +€14,000 | +105.5% |
| Distributable reserves | 133 | €13,274 | €27,274 | +€14,000 | +105.5% |
| Profit (loss) carried forward | 14 | €148,232 | €148,490 | +€258 | +0.2% |
| Amounts payable | 17/49 | €26,316 | €29,077 | +€2,760 | +10.5% |
| Amounts payable within one year | 42/48 | €26,316 | €29,077 | +€2,760 | +10.5% |
| Trade debts | 44 | €1,781 | €681 | -€1,100 | -61.7% |
| Suppliers | 440/4 | €1,781 | €681 | -€1,100 | -61.7% |
| Taxes, remuneration and social security | 45 | €3,683 | €9,820 | +€6,138 | +166.7% |
| Taxes | 450/3 | €3,535 | €9,820 | +€6,285 | +177.8% |
| Remuneration and social security | 454/9 | €147 | - | -€147 | |
| Other amounts payable | 47/48 | €20,853 | €18,575 | -€2,278 | -10.9% |
| Remuneration, social security and pensions | 62 | €2,999 | - | -€2,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,918 | €9,628 | -€8,290 | -46.3% |
| Other operating charges | 640/8 | €10,788 | €3,823 | -€6,965 | -64.6% |
| Gross operating margin | 9900 | €21,913 | €34,821 | +€12,908 | +58.9% |
| Operating profit (loss) | 9901 | -€9,792 | €21,369 | +€31,162 | |
| Financial charges | 65/66B | €85 | €48 | -€38 | -44.2% |
| Recurring financial charges | 65 | €85 | €48 | -€38 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,877 | €21,322 | +€31,199 | |
| Income taxes | 67/77 | €160 | €7,064 | +€6,904 | +4315.2% |
| Profit (loss) for the period | 9904 | -€10,037 | €14,258 | +€24,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,037 | €14,258 | +€24,295 |
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 7 October 2026 via checked.be.