VER: 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.
VER
Largest movements
- Tangible fixed assets +€32,100
up €32,100 (+3.5%), from €927,345 to €959,444
of which Furniture and vehicles: +€54,900
- Cash +€12,766
up €12,766 (+44.7%), from €28,580 to €41,346
mainly Other debts (+€60,090) and Depreciation (+€34,200)
- Other debts +€60,090
new in 2025: €60,090
- Profit (loss) carried forward -€17,065
down €17,065 (-114.6%), from -€14,896 to -€31,961
- Gross operating margin +€1,838
up €1,838 (+6.1%), from €29,978 to €31,816
- Other operating charges +€704
up €704 (+31.6%), from €2,231 to €2,935
- Depreciation -€332
down €332 (-1.0%), from €34,532 to €34,200
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 | €955,925 | €1,000,790 | +€44,865 | +4.7% |
| Fixed assets | 21/28 | €927,345 | €959,444 | +€32,100 | +3.5% |
| Tangible fixed assets | 22/27 | €927,345 | €959,444 | +€32,100 | +3.5% |
| Land and buildings | 22 | €876,535 | €854,065 | -€22,470 | -2.6% |
| Plant, machinery and equipment | 23 | €3,110 | €2,780 | -€330 | -10.6% |
| Furniture and vehicles | 24 | €47,699 | €102,599 | +€54,900 | +115.1% |
| Current assets | 29/58 | €28,580 | €41,346 | +€12,766 | +44.7% |
| Cash at bank and in hand | 54/58 | €28,580 | €41,346 | +€12,766 | +44.7% |
| Total equity and liabilities | 10/49 | €955,925 | €1,000,790 | +€44,865 | +4.7% |
| Equity | 10/15 | €285,104 | €268,039 | -€17,065 | -6.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,896 | -€31,961 | -€17,065 | -114.6% |
| Amounts payable | 17/49 | €670,821 | €732,751 | +€61,930 | +9.2% |
| Amounts payable after more than one year | 17 | €670,821 | €670,821 | = | 0.0% |
| Financial debts | 170/4 | €670,821 | €670,821 | = | 0.0% |
| Amounts payable within one year | 42/48 | - | €60,130 | +€60,130 | |
| Trade debts | 44 | - | €40 | +€40 | |
| Suppliers | 440/4 | - | €40 | +€40 | |
| Other amounts payable | 47/48 | - | €60,090 | +€60,090 | |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,532 | €34,200 | -€332 | -1.0% |
| Other operating charges | 640/8 | €2,231 | €2,935 | +€704 | +31.6% |
| Non-recurring operating charges | 66A | - | €11,700 | +€11,700 | |
| Gross operating margin | 9900 | €29,978 | €31,816 | +€1,838 | +6.1% |
| Operating profit (loss) | 9901 | -€6,785 | -€17,020 | -€10,234 | -150.8% |
| Financial charges | 65/66B | €82 | €45 | -€37 | -44.8% |
| Recurring financial charges | 65 | €82 | €45 | -€37 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,867 | -€17,065 | -€10,198 | -148.5% |
| Profit (loss) for the period | 9904 | -€6,867 | -€17,065 | -€10,198 | -148.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,867 | -€17,065 | -€10,198 | -148.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.