Vaerno: 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.
Vaerno
Largest movements
- Deferred charges and accrued income -€48,455
down €48,455 (-49.7%), from €97,511 to €49,056
- Cash -€41,956
down €41,956 (-22.9%), from €183,430 to €141,474
mainly Contributions, distributions and other (-€500,065) and Tax, wage and social debts (-€63,389)
- Receivables within one year +€39,372
up €39,372 (+60.6%), from €65,000 to €104,372
of which Other amounts receivable: +€39,372
- Tangible fixed assets -€18,709
down €18,709 (-26.6%), from €70,455 to €51,746
of which Furniture and vehicles: -€16,755
- Other debts +€306,246
up €306,246 (+4009.3%), from €7,638 to €313,885
- Profit (loss) carried forward -€303,427
down €303,427 (-100.0%), from €303,427 to €0
- Tax, wage and social debts -€63,389
down €63,389 (-91.0%), from €69,654 to €6,265
of which Taxes: -€63,389
- Debts after one year -€7,965
down €7,965 (-31.2%), from €25,554 to €17,589
- Gross operating margin -€11,731
down €11,731 (-4.0%), from €289,700 to €277,969
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 | €418,629 | €349,959 | -€68,669 | -16.4% |
| Fixed assets | 21/28 | €70,455 | €51,746 | -€18,709 | -26.6% |
| Tangible fixed assets | 22/27 | €70,455 | €51,746 | -€18,709 | -26.6% |
| Plant, machinery and equipment | 23 | €6,955 | €5,001 | -€1,954 | -28.1% |
| Furniture and vehicles | 24 | €63,499 | €46,745 | -€16,755 | -26.4% |
| Current assets | 29/58 | €348,174 | €298,214 | -€49,960 | -14.3% |
| Amounts receivable within one year | 40/41 | €65,000 | €104,372 | +€39,372 | +60.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €65,000 | €104,372 | +€39,372 | +60.6% |
| Current investments | 50/53 | €2,233 | €3,311 | +€1,078 | +48.3% |
| Cash at bank and in hand | 54/58 | €183,430 | €141,474 | -€41,956 | -22.9% |
| Deferred charges and accrued income | 490/1 | €97,511 | €49,056 | -€48,455 | -49.7% |
| Total equity and liabilities | 10/49 | €418,629 | €349,959 | -€68,669 | -16.4% |
| Equity | 10/15 | €307,427 | €4,000 | -€303,427 | -98.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,427 | €0 | -€303,427 | -100.0% |
| Amounts payable | 17/49 | €111,202 | €345,959 | +€234,758 | +211.1% |
| Amounts payable after more than one year | 17 | €25,554 | €17,589 | -€7,965 | -31.2% |
| Financial debts | 170/4 | €25,554 | €17,589 | -€7,965 | -31.2% |
| Amounts payable within one year | 42/48 | €85,038 | €328,114 | +€243,076 | +285.8% |
| Current portion of amounts payable after more than one year | 42 | €7,670 | €7,965 | +€295 | +3.8% |
| Trade debts | 44 | €76 | €0 | -€76 | -100.0% |
| Suppliers | 440/4 | €76 | €0 | -€76 | -100.0% |
| Taxes, remuneration and social security | 45 | €69,654 | €6,265 | -€63,389 | -91.0% |
| Taxes | 450/3 | €66,989 | €3,600 | -€63,389 | -94.6% |
| Remuneration and social security | 454/9 | €2,665 | €2,665 | = | 0.0% |
| Other amounts payable | 47/48 | €7,638 | €313,885 | +€306,246 | +4009.3% |
| Accrued charges and deferred income | 492/3 | €610 | €256 | -€354 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,851 | €18,709 | +€858 | +4.8% |
| Other operating charges | 640/8 | €414 | €763 | +€350 | +84.5% |
| Gross operating margin | 9900 | €289,700 | €277,969 | -€11,731 | -4.0% |
| Operating profit (loss) | 9901 | €271,435 | €258,497 | -€12,938 | -4.8% |
| Financial income | 75/76B | €439 | €491 | +€52 | +11.8% |
| Recurring financial income | 75 | €439 | €491 | +€52 | +11.8% |
| Financial charges | 65/66B | €2,059 | €1,477 | -€582 | -28.3% |
| Recurring financial charges | 65 | €2,059 | €1,477 | -€582 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €269,815 | €257,511 | -€12,304 | -4.6% |
| Income taxes | 67/77 | €63,403 | €60,873 | -€2,530 | -4.0% |
| Profit (loss) for the period | 9904 | €206,412 | €196,638 | -€9,774 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €206,412 | €196,638 | -€9,774 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.