MON VERGER: 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.
MON VERGER
Largest movements
- Cash +€38,374
up €38,374 (+34.0%), from €112,856 to €151,229
mainly Net result for the year (+€57,481) and Depreciation (+€33,381)
- Tangible fixed assets -€24,615
down €24,615 (-4.4%), from €554,617 to €530,002
of which Land and buildings: -€14,696
- Receivables within one year +€7,110
up €7,110 (+223%), from €3,194 to €10,304
- Reserves +€57,481
up €57,481 (+56.3%), from €102,096 to €159,577
of which Distributable reserves: +€57,481
- Debts after one year -€34,665
down €34,665 (-10.4%), from €333,249 to €298,584
- Taxes -€24,235
down €24,235 (-70.9%), from €34,171 to €9,936
- Gross operating margin +€21,436
up €21,436 (+22.9%), from €93,724 to €115,160
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 | €671,964 | €696,154 | +€24,190 | +3.6% |
| Fixed assets | 21/28 | €554,617 | €530,002 | -€24,615 | -4.4% |
| Tangible fixed assets | 22/27 | €554,617 | €530,002 | -€24,615 | -4.4% |
| Land and buildings | 22 | €513,720 | €499,024 | -€14,696 | -2.9% |
| Plant, machinery and equipment | 23 | €25,893 | €22,271 | -€3,622 | -14.0% |
| Furniture and vehicles | 24 | €15,004 | €8,707 | -€6,297 | -42.0% |
| Current assets | 29/58 | €117,347 | €166,152 | +€48,805 | +41.6% |
| Amounts receivable within one year | 40/41 | €3,194 | €10,304 | +€7,110 | +223% |
| Other amounts receivable | 41 | €3,194 | €10,304 | +€7,110 | +223% |
| Cash at bank and in hand | 54/58 | €112,856 | €151,229 | +€38,374 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,297 | €4,619 | +€3,321 | +256% |
| Total equity and liabilities | 10/49 | €671,964 | €696,154 | +€24,190 | +3.6% |
| Equity | 10/15 | €295,751 | €353,232 | +€57,481 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,096 | €159,577 | +€57,481 | +56.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €81,486 | €138,967 | +€57,481 | +70.5% |
| Profit (loss) carried forward | 14 | €175,055 | €175,055 | = | 0.0% |
| Amounts payable | 17/49 | €376,213 | €342,922 | -€33,291 | -8.8% |
| Amounts payable after more than one year | 17 | €333,249 | €298,584 | -€34,665 | -10.4% |
| Financial debts | 170/4 | €333,249 | €298,584 | -€34,665 | -10.4% |
| Amounts payable within one year | 42/48 | €42,964 | €44,338 | +€1,374 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €40,016 | €40,855 | +€840 | +2.1% |
| Trade debts | 44 | €1,419 | €1,681 | +€261 | +18.4% |
| Suppliers | 440/4 | €1,419 | €1,681 | +€261 | +18.4% |
| Taxes, remuneration and social security | 45 | €1,529 | - | -€1,529 | |
| Remuneration and social security | 454/9 | €1,529 | - | -€1,529 | |
| Other amounts payable | 47/48 | - | €1,801 | +€1,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,845 | €33,381 | -€464 | -1.4% |
| Other operating charges | 640/8 | €2,973 | €4,047 | +€1,075 | +36.1% |
| Gross operating margin | 9900 | €93,724 | €115,160 | +€21,436 | +22.9% |
| Operating profit (loss) | 9901 | €56,906 | €77,731 | +€20,825 | +36.6% |
| Financial income | 75/76B | €1,075 | €927 | -€147 | -13.7% |
| Recurring financial income | 75 | €1,075 | €927 | -€147 | -13.7% |
| Financial charges | 65/66B | €10,584 | €11,241 | +€657 | +6.2% |
| Recurring financial charges | 65 | €10,584 | €11,241 | +€657 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €47,396 | €67,417 | +€20,021 | +42.2% |
| Income taxes | 67/77 | €34,171 | €9,936 | -€24,235 | -70.9% |
| Profit (loss) for the period | 9904 | €13,225 | €57,481 | +€44,256 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €13,225 | €57,481 | +€44,256 | +335% |
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 23 October 2026 via checked.be.