IMMO VERRETH: 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.
IMMO VERRETH
Largest movements
- Stocks and contracts +€539,706
up €539,706 (+457%), from €118,000 to €657,706
- Cash -€177,950
down €177,950 (-84.2%), from €211,417 to €33,466
mainly Stocks and contracts (-€539,706) and Net result for the year (-€54,930)
- Receivables within one year -€10,430
no longer reported in 2025 (was €10,430)
- Short-term financial debts +€400,000
new in 2025: €400,000
- Profit (loss) carried forward -€54,930
new in 2025: -€54,930
- Gross operating margin -€140,503
down €140,503, from €89,379 to -€51,125
- Taxes -€18,259
down €18,259 (-97.5%), from €18,728 to €470
- Financial charges -€8,838
down €8,838 (-73.0%), from €12,109 to €3,272
- Other operating charges -€7,311
down €7,311 (-81.7%), from €8,946 to €1,635
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 | €344,797 | €691,627 | +€346,829 | +101% |
| Current assets | 29/58 | €344,797 | €691,627 | +€346,829 | +101% |
| Stocks and contracts in progress | 3 | €118,000 | €657,706 | +€539,706 | +457% |
| Stocks | 30/36 | €118,000 | €657,706 | +€539,706 | +457% |
| Amounts receivable within one year | 40/41 | €10,430 | - | -€10,430 | |
| Other amounts receivable | 41 | €10,430 | - | -€10,430 | |
| Current investments | 50/53 | €5 | €5 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €211,417 | €33,466 | -€177,950 | -84.2% |
| Deferred charges and accrued income | 490/1 | €4,946 | €450 | -€4,496 | -90.9% |
| Total equity and liabilities | 10/49 | €344,797 | €691,627 | +€346,829 | +101% |
| Equity | 10/15 | €237,824 | €182,894 | -€54,930 | -23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,224 | €219,224 | = | 0.0% |
| Distributable reserves | 133 | €219,224 | €219,224 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€54,930 | -€54,930 | |
| Amounts payable | 17/49 | €106,974 | €508,733 | +€401,759 | +376% |
| Amounts payable after more than one year | 17 | €92,873 | €88,021 | -€4,852 | -5.2% |
| Financial debts | 170/4 | €92,873 | €88,021 | -€4,852 | -5.2% |
| Amounts payable within one year | 42/48 | €14,101 | €417,212 | +€403,111 | +2,859% |
| Current portion of amounts payable after more than one year | 42 | €5,127 | €5,286 | +€158 | +3.1% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | - | €2,953 | +€2,953 | |
| Suppliers | 440/4 | - | €2,953 | +€2,953 | |
| Taxes, remuneration and social security | 45 | €2,255 | €2,255 | = | 0.0% |
| Taxes | 450/3 | €2,255 | €2,255 | = | 0.0% |
| Other amounts payable | 47/48 | €6,718 | €6,718 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Other operating charges | 640/8 | €8,946 | €1,635 | -€7,311 | -81.7% |
| Gross operating margin | 9900 | €89,379 | -€51,125 | -€140,503 | |
| Operating profit (loss) | 9901 | €80,432 | -€52,760 | -€133,192 | |
| Financial income | 75/76B | €1,440 | €1,571 | +€132 | +9.2% |
| Recurring financial income | 75 | €1,440 | €1,571 | +€132 | +9.2% |
| Financial charges | 65/66B | €12,109 | €3,272 | -€8,838 | -73.0% |
| Recurring financial charges | 65 | €12,109 | €3,272 | -€8,838 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €69,762 | -€54,460 | -€124,223 | |
| Income taxes | 67/77 | €18,728 | €470 | -€18,259 | -97.5% |
| Profit (loss) for the period | 9904 | €51,034 | -€54,930 | -€105,964 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,034 | -€54,930 | -€105,964 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.