NEW VERWEE: 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.
NEW VERWEE
Largest movements
- Tangible fixed assets +€195,737
up €195,737 (+25.4%), from €770,615 to €966,352
of which Land and buildings: +€196,441
- Cash -€108,104
down €108,104 (-75.5%), from €143,250 to €35,146
mainly Investment in fixed assets (net) (-€212,000) and Net result for the year (-€82,257)
- Other debts +€184,873
up €184,873 (+31.4%), from €588,336 to €773,209
- Profit (loss) carried forward -€82,257
down €82,257 (-111.4%), from -€73,859 to -€156,117
- Trade debts -€12,000
down €12,000 (-80.0%), from €15,000 to €3,000
- Other operating charges +€24,045
up €24,045 (+592.2%), from €4,060 to €28,106
- Financial charges -€6,371
down €6,371 (-14.4%), from €44,098 to €37,727
- Depreciation +€2,832
up €2,832 (+21.1%), from €13,432 to €16,263
- Gross operating margin +€2,474
up €2,474 (+93.9%), from -€2,636 to -€162
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 | €990,581 | €1,081,880 | +€91,300 | +9.2% |
| Fixed assets | 21/28 | €808,155 | €1,003,892 | +€195,737 | +24.2% |
| Tangible fixed assets | 22/27 | €770,615 | €966,352 | +€195,737 | +25.4% |
| Land and buildings | 22 | €768,989 | €965,430 | +€196,441 | +25.5% |
| Other tangible fixed assets | 26 | €1,626 | €922 | -€705 | -43.3% |
| Financial fixed assets | 28 | €37,540 | €37,540 | = | 0.0% |
| Current assets | 29/58 | €182,425 | €77,988 | -€104,437 | -57.2% |
| Amounts receivable within one year | 40/41 | €39,175 | €42,842 | +€3,667 | +9.4% |
| Trade receivables | 40 | €38,317 | - | -€38,317 | |
| Other amounts receivable | 41 | €858 | €42,842 | +€41,984 | +4892.0% |
| Cash at bank and in hand | 54/58 | €143,250 | €35,146 | -€108,104 | -75.5% |
| Total equity and liabilities | 10/49 | €990,581 | €1,081,880 | +€91,300 | +9.2% |
| Equity | 10/15 | -€55,259 | -€137,517 | -€82,257 | -148.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,859 | -€156,117 | -€82,257 | -111.4% |
| Amounts payable | 17/49 | €1,045,840 | €1,219,397 | +€173,557 | +16.6% |
| Amounts payable after more than one year | 17 | €18,600 | €18,600 | = | 0.0% |
| Other amounts payable | 178/9 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,004,336 | €1,177,209 | +€172,873 | +17.2% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €15,000 | €3,000 | -€12,000 | -80.0% |
| Suppliers | 440/4 | €15,000 | €3,000 | -€12,000 | -80.0% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €588,336 | €773,209 | +€184,873 | +31.4% |
| Accrued charges and deferred income | 492/3 | €22,904 | €23,588 | +€684 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,432 | €16,263 | +€2,832 | +21.1% |
| Other operating charges | 640/8 | €4,060 | €28,106 | +€24,045 | +592.2% |
| Gross operating margin | 9900 | -€2,636 | -€162 | +€2,474 | +93.9% |
| Operating profit (loss) | 9901 | -€20,128 | -€44,531 | -€24,403 | -121.2% |
| Financial charges | 65/66B | €44,098 | €37,727 | -€6,371 | -14.4% |
| Recurring financial charges | 65 | €44,098 | €37,727 | -€6,371 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€64,225 | -€82,257 | -€18,032 | -28.1% |
| Profit (loss) for the period | 9904 | -€64,225 | -€82,257 | -€18,032 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,225 | -€82,257 | -€18,032 | -28.1% |
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 11 October 2026 via checked.be.