G. VERNIERS: 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.
G. VERNIERS
Largest movements
- Current investments -€19,665
down €19,665 (-8.4%), from €234,665 to €215,000
- Tangible fixed assets -€15,028
down €15,028 (-10.7%), from €140,877 to €125,850
of which Furniture and vehicles: -€13,132
- Cash +€13,178
up €13,178 (+24.2%), from €54,398 to €67,576
mainly Net result for the year (+€37,455) and Depreciation (+€25,073)
- Receivables within one year +€8,989
up €8,989 (+64.0%), from €14,050 to €23,039
of which Trade receivables: +€5,428
- Reserves -€6,758
down €6,758 (-1.6%), from €411,629 to €404,871
of which Distributable reserves: -€6,758
- Trade debts -€4,941
down €4,941 (-66.6%), from €7,422 to €2,481
- Gross operating margin +€51,255
up €51,255 (+196%), from €26,120 to €77,375
- Financial charges +€4,139
up €4,139 (+13,216%), from €31 to €4,171
- Taxes +€3,787
up €3,787 (+75.1%), from €5,042 to €8,829
- Financial income -€3,757
down €3,757 (-91.5%), from €4,105 to €347
of which Non-recurring financial income: -€3,966
- Depreciation +€1,994
up €1,994 (+8.6%), from €23,079 to €25,073
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 | €443,989 | €431,464 | -€12,525 | -2.8% |
| Fixed assets | 21/28 | €140,877 | €125,850 | -€15,028 | -10.7% |
| Tangible fixed assets | 22/27 | €140,877 | €125,850 | -€15,028 | -10.7% |
| Land and buildings | 22 | €60,215 | €58,717 | -€1,499 | -2.5% |
| Plant, machinery and equipment | 23 | €3,268 | €2,872 | -€397 | -12.1% |
| Furniture and vehicles | 24 | €77,394 | €64,261 | -€13,132 | -17.0% |
| Current assets | 29/58 | €303,112 | €305,614 | +€2,502 | +0.8% |
| Amounts receivable within one year | 40/41 | €14,050 | €23,039 | +€8,989 | +64.0% |
| Trade receivables | 40 | €14,050 | €19,477 | +€5,428 | +38.6% |
| Other amounts receivable | 41 | - | €3,561 | +€3,561 | |
| Current investments | 50/53 | €234,665 | €215,000 | -€19,665 | -8.4% |
| Cash at bank and in hand | 54/58 | €54,398 | €67,576 | +€13,178 | +24.2% |
| Total equity and liabilities | 10/49 | €443,989 | €431,464 | -€12,525 | -2.8% |
| Equity | 10/15 | €414,724 | €407,966 | -€6,758 | -1.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €411,629 | €404,871 | -€6,758 | -1.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,784 | €96,784 | = | 0.0% |
| Distributable reserves | 133 | €312,990 | €306,232 | -€6,758 | -2.2% |
| Profit (loss) carried forward | 14 | -€15,455 | -€15,455 | = | 0.0% |
| Amounts payable | 17/49 | €29,265 | €23,498 | -€5,768 | -19.7% |
| Amounts payable within one year | 42/48 | €29,265 | €23,498 | -€5,768 | -19.7% |
| Trade debts | 44 | €7,422 | €2,481 | -€4,941 | -66.6% |
| Suppliers | 440/4 | €7,422 | €2,481 | -€4,941 | -66.6% |
| Taxes, remuneration and social security | 45 | €9,299 | €5,438 | -€3,861 | -41.5% |
| Taxes | 450/3 | €9,299 | €5,438 | -€3,861 | -41.5% |
| Other amounts payable | 47/48 | €12,545 | €15,579 | +€3,034 | +24.2% |
| Non-recurring operating income | 76A | €3,608 | €3,170 | -€438 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,079 | €25,073 | +€1,994 | +8.6% |
| Other operating charges | 640/8 | €1,444 | €2,195 | +€750 | +51.9% |
| Gross operating margin | 9900 | €26,120 | €77,375 | +€51,255 | +196% |
| Operating profit (loss) | 9901 | €1,597 | €50,107 | +€48,511 | +3,038% |
| Financial income | 75/76B | €4,105 | €347 | -€3,757 | -91.5% |
| Recurring financial income | 75 | €139 | €347 | +€208 | +150% |
| Non-recurring financial income | 76B | €3,966 | - | -€3,966 | |
| Financial charges | 65/66B | €31 | €4,171 | +€4,139 | +13,216% |
| Recurring financial charges | 65 | €31 | €4,171 | +€4,139 | +13,216% |
| Profit (loss) for the period before taxes | 9903 | €5,670 | €46,284 | +€40,614 | +716% |
| Income taxes | 67/77 | €5,042 | €8,829 | +€3,787 | +75.1% |
| Profit (loss) for the period | 9904 | €628 | €37,455 | +€36,827 | +5,860% |
| Profit (loss) for the period to be appropriated | 9905 | €628 | €37,455 | +€36,827 | +5,860% |
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 26 October 2026 via checked.be.